FRIENDS SCHOOL INC

EIN: 841087693 501(c)(3) Education

BOULDER, CO

Total Revenue
$4,438,086
Total Expenses
$5,209,122
Total Assets
$7,185,897
Net Assets
$3,606,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CO
Principal Officer
MATT LEVINSON
Phone
3034991999
Tax Period
2024-07-01 to 2025-06-30

FRIENDS SCHOOL INC, founded in 1988, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $5.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

FRIENDS' SCHOOL IS A SUPPORTIVE, DYNAMIC COMMUNITY COMMITTED TO EDUCATING THE WHOLE CHILD HEAD, HAND, AND HEART AND TO TRAINING EXCEPTIONAL TEACHERS FOR TOMORROW'S CLASSROOMS. WE PROVIDE A STRONG ACADEMIC FOUNDATION WHILE DEVELOPING CREATIVE EXPRESSION AND NURTURING A PASSION FOR LEARNING. OUR STUDENTS GAIN A DEEP UNDERSTANDING OF THEMSELVES AND ARE INSPIRED TO ACT WITH COMPASSION AND INTEGRITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $566,466
Program Service Revenue $3,857,774
Investment Income $444
Other Revenue $13,402
TOTAL REVENUE $4,438,086

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,635,267
Fundraising Expenses $110,057
Program Expenses $3,809,446
Other Expenses $1,573,855
TOTAL EXPENSES $5,209,122

Year-over-Year Comparison

2024 2023 Change
Revenue $4,438,086 $4,773,421 -0.1%
Expenses $5,209,122 $5,360,564 0.0%
Net Income $-771,036 $-587,143 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
83
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$543,875
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HONOR TAFT HEAD OF SCHO 40.00
Officer
$249,039 $21,461 $270,500
HEIDI HALPERN DIRECTOR OF 40.00
Officer
$135,306 $17,830 $153,136
IVAN FINK JOHNSON SCHOOL PROGR 40.00
Officer
$106,428 $13,811 $120,239
DAVE BOENNIGHAUSEN TRUSTEE 5.00
Director
$0 $0 $0
MATT BUCHANAN TREASURER 5.00
Officer Director
$0 $0 $0
JARAD HASSAN TRUSTEE 5.00
Director
$0 $0 $0
ERIN JACKMAN TRUSTEE 5.00
Director
$0 $0 $0
TARA LAMB TRUSTEE 5.00
Director
$0 $0 $0
KATIE LATIER SECRETARY 5.00
Officer Director
$0 $0 $0
ADAM STEIN TRUSTEE 5.00
Director
$0 $0 $0
ANDREW STONE TRUSTEE 5.00
Director
$0 $0 $0
MEREDITH WILLIAMS TRUSTEE 5.00
Director
$0 $0 $0
MATT LEVINSON INTERIM HEAD 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,438,086 $5,209,122 $7,185,897 $-771,036
2024 $4,773,421 $5,360,564 $7,928,556 $-587,143
2023 $4,730,633 $5,062,996 $8,440,285 $-332,363
2022 $5,756,755 $5,547,950 $8,810,757 $208,805
2021 $4,303,947 $4,565,216 $8,733,659 $-261,269
2020 $3,774,235 $4,020,228 $7,445,514 $-245,993
2019 $3,863,234 $4,034,656 $8,160,160 $-171,422
2018 $3,423,444 $3,730,941 $8,609,628 $-307,497
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