TOWN SCHOOL FOR BOYS (EIN 941170412) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

LORRI HAMILTON DURBIN

Phone

4159213747

Tax Period

2023-07-01 to 2024-06-30

TOWN SCHOOL FOR BOYS, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $27.5M in total revenue in fiscal year 2023. Expenses of $26.0M left a modest 5% surplus.

Mission

AT TOWN SCHOOL, LEARNING IS PRIZED, LOVE OF SCHOOL IS ESSENTIAL, AND BOYHOOD IS CELEBRATED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,868,728

Program Service Revenue $19,620,189

Investment Income $2,197,337

Other Revenue $-164,792

TOTAL REVENUE $27,521,462

Expense Breakdown

Grants Paid $2,480,440

Salaries & Benefits $15,776,213

Fundraising Expenses $2,032,674

Program Expenses $22,127,691

Other Expenses $7,755,482

TOTAL EXPENSES $26,012,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,521,462	$26,679,457	+0.0%
Expenses	$26,012,135	$24,916,597	+0.0%
Net Income	$1,509,327	$1,762,860	-0.1%

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

154

Volunteers

200

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

$972,490

Total Directors

Key Employees

$253,709

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRI HAMILTON DURBIN	HEAD OF SCHOOL	60.00	Officer	$675,182	$49,119	$724,301
MARGARET LAURENT	HEAD OF LOWER SCHOOL	60.00	Key Emp	$216,812	$36,897	$253,709
KARY NORTON	CHIEF FINANCIAL OFFICER	60.00	Officer	$206,124	$42,065	$248,189
CORBETT SIMONS	DIR. OF TEACHING, LEARNING & INNOV.	60.00	Highest	$206,963	$30,095	$237,058
LAWANA SWEETLAND	DIRECTOR OF LEARNING SERVICES	40.00	Highest	$180,611	$32,537	$213,148
REGINALD LOVE	PHYSICAL EDUCATION TEACHER	40.00	Highest	$185,522	$25,240	$210,762
JENNIFER LIU	DIR. OF TEACHER DEV. & STRAT. INIT.	60.00	Highest	$177,311	$32,917	$210,228
FLORA MUGAMBI-MUTUNGA	DIR. OF COMMUNITY BLDG. & INCLUSION	40.00	Highest	$178,893	$28,258	$207,151
WYATT GRUBER	CHAIR	5.00	Officer Director	$0	$0	$0
TONIA KARR	VICE CHAIR	5.00	Officer Director	$0	$0	$0
BRETT BUSH	TREASURER	5.00	Officer Director	$0	$0	$0
SOPHIE HAYWARD	SECRETARY	5.00	Officer Director	$0	$0	$0
CLARA ABECASSIS	BOARD MEMBER	1.50	Director	$0	$0	$0
VICKIE BARRET	BOARD MEMBER	1.50	Director	$0	$0	$0
BERNADETTE CAPOZZOLI	BOARD MEMBER	1.50	Director	$0	$0	$0
BRAD DEFOOR	BOARD MEMBER	1.50	Director	$0	$0	$0
LUKE FELKER	BOARD MEMBER	1.50	Director	$0	$0	$0
MATT FIELD	BOARD MEMBER	1.50	Director	$0	$0	$0
LAUREN FORD	BOARD MEMBER	1.50	Director	$0	$0	$0
JOYDEEP GANGULY	BOARD MEMBER	1.50	Director	$0	$0	$0
CHARLOTTE GIOVANNI	BOARD MEMBER	1.50	Director	$0	$0	$0
GARETH HORNBERGER	BOARD MEMBER	1.50	Director	$0	$0	$0
ALLYSON LETTERI	BOARD MEMBER	1.50	Director	$0	$0	$0
KEVIN MARCHETTI	BOARD MEMBER	1.50	Director	$0	$0	$0
VIJAY MOHAN	BOARD MEMBER	1.50	Director	$0	$0	$0
DENNIS MOY	BOARD MEMBER	1.50	Director	$0	$0	$0
CLAUDIA MUELLER	BOARD MEMBER	1.50	Director	$0	$0	$0
TAYLOR NAGLE	BOARD MEMBER	1.50	Director	$0	$0	$0
JULIA PAIGE	BOARD MEMBER	1.50	Director	$0	$0	$0
MIHIR SHAH	BOARD MEMBER	1.50	Director	$0	$0	$0
ALEX SLUSKY	BOARD MEMBER	1.50	Director	$0	$0	$0
ANDREW SPARKS	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRISTINA TRUJILLO-AYOUB	BOARD MEMBER	1.50	Director	$0	$0	$0
JULIA WONG	BOARD MEMBER	1.50	Director	$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	No data	No data	No data	No data
2024	$27,521,462	$26,012,135	$105,936,482	$1,509,327
2023	$26,679,457	$24,916,597	$99,962,858	$1,762,860
2022	$22,080,958	$22,396,078	$94,398,193	$-315,120
2021	$22,685,215	$21,306,035	$88,036,345	$1,379,180
2020	$28,736,475	$19,321,368	$81,301,829	$9,415,107
2019	$20,668,600	$18,779,183	$71,980,919	$1,889,417

TOWN SCHOOL FOR BOYS