FRENCH AMERICAN SCHOOL OF PUGET SO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Phone

2062753533

Tax Period

2024-07-01 to 2025-06-30

FRENCH AMERICAN SCHOOL OF PUGET SOUND, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $23.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 22% operating margin.

Mission

WE CHALLENGE STUDENTS TO EXCEL ACADEMICALLY AND THRIVE IN FRENCH, AMERICAN AND INTERNATIONAL CULTURES. WE INSPIRE THE NEXT GENERATION OF GLOBAL CITIZENS TO LEARN, UNDERSTAND, AND ACT WISELY IN A MULTICULTURAL WORLD. OUR CORE VALUES ARE EXCELLENCE, INTEGRITY, CULTURAL AGILITY, AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $13,365,406 Revenue: $17,394,482

PROVIDE CHILDREN FROM PRESCHOOL THROUGH 8TH GRADE WITH A FORMAL EDUCATION IN FRENCH AND ENGLISH COMBINED IN A MULTICULTURAL SETTING.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,437,007

Program Service Revenue $17,472,344

Investment Income $4,879,916

Other Revenue $-54,645

TOTAL REVENUE $23,734,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,135,519

Fundraising Expenses $599,793

Program Expenses $13,365,406

Other Expenses $5,207,508

TOTAL EXPENSES $18,436,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,734,622	$16,920,879	+0.4%
Expenses	$18,436,916	$16,250,322	+0.1%
Net Income	$5,297,706	$670,557	+6.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

168

Volunteers

260

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

$690,050

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER CUE	BOARD TREASURER	1.0	Officer Director	$0	$0	$0
JP KIRBY	BOARD SECRETARY	1.0	Officer Director	$0	$0	$0
JULIEN HERVET	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
MATT AYERS	BOARD VICE CHAIR	1.0	Officer Director	$0	$0	$0
AG LAMBERT	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
ALLEN COLIC	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
AMY GUSSIN	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
ANNE-CHRISTINE PONCELET	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
BEATRICE COPPENS	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
CHRISTIANE PEIN	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
GREGORIE CLAYES	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
JANE YOUNGE	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
JOAN BEAUREGARD	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
LAURA MOUSSEAU	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
MICHELLE CARLE	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
PETER IGEL	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
ROHAN DESHPANDE	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
SHARI DAMPHOUSSE	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
STEVE DISPENSA	IMMEDIATE PAST CHAIR	1.0	Director	$0	$0	$0
YANNICK RIVETI	GENERAL TRUSTEE	1.0	Director	$0	$0	$0
ERIC THUAU	HEAD OF SCHOOL	40.0	Officer	$435,337	$52,364	$487,701
SUSAN GRIESSE	CFO/COO	40.0	Officer	$191,329	$11,020	$202,349
BRIAN HOYT	DIRECTOR OF TECHNOLOGY	40.0	Highest	$143,032	$25,877	$168,909
DEBORA WORRALL	PRESCHOOL HEAD	40.0	Highest	$128,755	$17,844	$146,599
HEIDI PAIGE	DIRECTOR OF DEVELOPMENT	40.0	Highest	$145,135	$22,630	$167,765
KHALID AMALI	ELEMENTARY SCHOOL HEAD	40.0	Highest	$139,361	$14,061	$153,422
STACY CHANDLER	HEAD OF MIDDLE SCHOOL	40.0	Highest	$147,554	$17,398	$164,952

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	$23,734,622	$18,436,916	$42,341,715	$5,297,706
2024	$16,920,879	$16,250,322	$37,532,586	$670,557
2023	$14,893,899	$14,006,509	$35,307,599	$887,390
2022	$13,177,469	$12,333,604	$16,998,993	$843,865
2021	$13,425,838	$11,770,390	$16,865,271	$1,655,448
2020	$10,875,720	$10,251,609	$16,294,923	$624,111
2019	$11,046,920	$9,837,511	$14,023,701	$1,209,409
2018	$9,984,450	$9,214,381	$13,929,587	$770,069

FRENCH AMERICAN SCHOOL OF PUGET SOUND