MARK DAY SCHOOL (EIN 942598891) - 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

1979

Legal Domicile

Principal Officer

JOE HARVEY

Phone

4154728000

Tax Period

2024-07-01 to 2025-06-30

MARK DAY SCHOOL, founded in 1979, is a mid-sized nonprofit that reported $23.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $21.6M left a modest 6% surplus.

Mission

THE HEAD OF SCHOOL, JOSEPH HARVEY, RECEIVES A HOUSING ALLOWANCE OF $84,336, REPORTED ON SCHEDULE J, PART II, B(I).

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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 $3,279,315

Program Service Revenue $18,082,456

Investment Income $1,619,877

Other Revenue $30,920

TOTAL REVENUE $23,012,568

Expense Breakdown

Grants Paid $3,267,446

Salaries & Benefits $12,920,224

Fundraising Expenses $518,597

Program Expenses $16,969,239

Other Expenses $5,435,053

TOTAL EXPENSES $21,622,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,012,568	$20,790,170	+0.1%
Expenses	$21,622,723	$20,295,067	+0.1%
Net Income	$1,389,845	$495,103	+1.8%

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

133

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

$1,056,974

Total Directors

$670,661

Key Employees

$598,480

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HARVEY	HEAD OF SCHOOL	40.00	Officer Director	$442,495	$123,782	$566,277
SARA EGIDE	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS ABATE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MEGAN MARIANI	TREASURER	5.00	Officer Director	$0	$0	$0
MIKE BECK	ASSISTANT TREASURER	5.00	Officer Director	$0	$0	$0
PAUL AUSTIN	TRUSTEE	2.00	Director	$0	$0	$0
BEN BARAD	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN BOJANOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
RYAN BROWN	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA CLIFTON	TRUSTEE	2.00	Director	$0	$0	$0
DOM COX	TEACHER, TRUSTEE	40.00	Director	$86,884	$17,500	$104,384
PRATHAP DENDI	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT FABER	TRUSTEE	2.00	Director	$0	$0	$0
PAT FLEMMING	TRUSTEE	2.00	Director	$0	$0	$0
RIKA GOPINATH	TRUSTEE	2.00	Director	$0	$0	$0
CHELSEA IALEGGIO	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW KAWAHARA	TRUSTEE	2.00	Director	$0	$0	$0
ANDY KELLY	TRUSTEE	2.00	Director	$0	$0	$0
VANESSA MCKINLEY	TRUSTEE	2.00	Director	$0	$0	$0
ALICIA ROCKEFELLER	TRUSTEE	2.00	Director	$0	$0	$0
KATIE SHANNON	TRUSTEE	2.00	Director	$0	$0	$0
QUOC TRAN	TRUSTEE	2.00	Director	$0	$0	$0
APRIL UNDERWOOD	TRUSTEE	2.00	Director	$0	$0	$0
ANDREA URDA-RIJO	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY WESTWATER	TRUSTEE	2.00	Director	$0	$0	$0
BELLA CHANG	CHIEF FINANCIAL OFFICER	40.00	Officer	$237,391	$28,734	$266,125
BONNIE NISHIHARA	ASSISTANT HEAD OF SCHOOL	40.00	Officer	$190,330	$34,242	$224,572
DAVID HICKMAN	HEAD OF UPPER SCHOOL	40.00	Key Emp	$172,397	$29,590	$201,987
MARGARET BENDICKSEN	HEAD OF LOWER SCHOOL	40.00	Key Emp	$189,460	$23,922	$213,382
WENDY LEVINE	DIRECTOR OF DEVELOPMENT	40.00	Key Emp	$159,930	$23,181	$183,111
KATHERINE KELSO	DIRECTOR OF ADMISSION	40.00	Highest	$132,884	$27,651	$160,535
FERNANDA PERNAMBUCO	DIR OF PART., EQUITY, INCLUSION	40.00	Highest	$151,181	$28,770	$179,951
WES HOWELL	DIR. OF FACILITIES, SAFETY, & OPS.	40.00	Highest	$140,412	$21,180	$161,592
LISA BECKER	FIRST GRADE TEACHER	40.00	Highest	$131,945	$29,242	$161,187
BRIAN WILKERSON	MUSIC TEACHER	40.00	Highest	$128,141	$27,175	$155,316

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	$23,012,568	$21,622,723	$61,683,062	$1,389,845
2024	$20,790,170	$20,295,067	$59,197,265	$495,103
2023	$19,282,634	$18,962,608	$57,483,656	$320,026
2022	$18,444,024	$17,449,730	$46,409,583	$994,294
2021	$18,736,195	$16,328,951	$47,346,873	$2,407,244
2020	$15,320,987	$15,317,632	$44,330,564	$3,355
2019	$14,109,918	$14,239,412	$37,771,436	$-129,494
2018	$14,142,141	$13,485,321	$39,685,065	$656,820

MARK DAY SCHOOL