THE CAREY SCHOOL (EIN 943085954) - 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

1928

Legal Domicile

Principal Officer

NEELY NORRIS

Phone

6503458205

Tax Period

2024-07-01 to 2025-06-30

THE CAREY SCHOOL, founded in 1928, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.4M, a strong 20% operating margin.

Mission

Operation of a primary co-educational school for grades preschool through fifth.

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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 $3,766,976

Program Service Revenue $12,613,036

Investment Income $158,984

Other Revenue $16,976

TOTAL REVENUE $16,555,972

Expense Breakdown

Grants Paid $1,001,452

Salaries & Benefits $9,165,642

Fundraising Expenses $357,989

Program Expenses $10,668,860

Other Expenses $3,035,213

TOTAL EXPENSES $13,202,307

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,555,972	$15,113,221	+0.1%
Expenses	$13,202,307	$12,630,455	+0.0%
Net Income	$3,353,665	$2,482,766	+0.4%

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

Volunteers

250

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

$723,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEELY NORRIS	HEAD OF SCHOOL	40.00	Officer	$410,433	$71,038	$481,471
MICHELLE RYDER	DIR OF FINANCE	40.00	Officer	$213,166	$29,255	$242,421
ROBERT MILES	DIR OF TECHNOLOGY	40.00		$158,852	$26,599	$185,451
AUDRA CARLI	DIR OF STUDIES	40.00		$155,322	$24,627	$179,949
IDA GRUBER	DIR OF ADMSN & FIN	40.00		$136,685	$34,842	$171,527
RESHAM BHARWANI	DIR OF DEVELOPMENT	40.00		$147,688	$20,230	$167,918
GHIA SANTOS	CONTROLLER	40.00		$139,322	$23,223	$162,545
KIM BAKER	BOARD MEMBER	4.00	Director	$0	$0	$0
MICHAEL ZHANG	BOARD MEMBER	4.00	Director	$0	$0	$0
JESSIE ALLAN	BOARD MEMBER	4.00	Director	$0	$0	$0
AMBRA ATCHISON	BOARD MEMBER	4.00	Director	$0	$0	$0
JIM GELLAS	BOARD MEMBER	4.00	Director	$0	$0	$0
SUZANNE GIBBS	BOARD MEMBER	4.00	Director	$0	$0	$0
ERIN HAUGEN	BOARD MEMBER	4.00	Director	$0	$0	$0
ANDREW MALCOLM	BOARD MEMBER	4.00	Director	$0	$0	$0
SUZIE TOMLINSON	Secretary	4.00	Officer Director	$0	$0	$0
KATHY LAYENDECKER	BOARD MEMBER	4.00	Director	$0	$0	$0
VIVIAN LOVETT	BOARD MEMBER	4.00	Director	$0	$0	$0
MEAGHAN KADAKIA	BOARD MEMBER	4.00	Director	$0	$0	$0
KYLE MORGENROTH	Vice President	4.00	Officer Director	$0	$0	$0
NEHA NARANG	BOARD MEMBER	4.00	Director	$0	$0	$0
LINDSAY RAMSAY	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
TERESA SAKS	BOARD MEMBER	4.00	Director	$0	$0	$0
LEAH SOLIVAN	Vice President	4.00	Officer Director	$0	$0	$0
WEB SUN	BOARD MEMBER	4.00	Director	$0	$0	$0
AJAY VASHEE	Treasurer	4.00	Officer 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	$16,555,972	$13,202,307	$40,057,958	$3,353,665
2024	$15,113,221	$12,630,455	$35,450,378	$2,482,766
2023	$12,088,910	$11,759,063	$32,332,024	$329,847
2022	$11,120,098	$10,641,530	$31,298,497	$478,568
2021	$11,707,115	$10,651,163	$31,277,820	$1,055,952
2020	$11,383,783	$9,173,690	$29,289,581	$2,210,093
2019	$11,318,782	$8,825,804	$24,123,944	$2,492,978
2018	$8,575,816	$8,383,301	$22,710,797	$192,515

THE CAREY SCHOOL