The Thacher School Inc (EIN 951642398) - 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

1924

Legal Domicile

Principal Officer

Jeff Hooper

Phone

8056403200

Tax Period

2023-07-01 to 2024-06-30

The Thacher School Inc, founded in 1924, is a mid-sized nonprofit in the Education sector that reported $39.3M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Net assets of $283.0M represent 86 months of operating reserves.

Mission

The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life.

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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 $16,042,363

Program Service Revenue $18,758,210

Investment Income $4,347,231

Other Revenue $124,907

TOTAL REVENUE $39,272,711

Expense Breakdown

Grants Paid $4,667,023

Salaries & Benefits $15,995,188

Fundraising Expenses $3,449,833

Program Expenses $29,640,204

Other Expenses $20,032,789

TOTAL EXPENSES $40,695,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,272,711	$22,614,948	+0.7%
Expenses	$40,695,000	$39,788,695	+0.0%
Net Income	$-1,422,289	$-17,173,747	-0.9%

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

250

Volunteers

150

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

$1,000,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Hooper	Head of School	60.00	Officer	$444,230	$155,418	$599,648
Jeff Berndt	Director of Advancement	40.00		$451,105	$144,088	$595,193
James Poulsen	DFO/Asst Treas	60.00	Officer	$321,288	$80,023	$401,311
Sara Billings	Dir of Develop	40.00		$217,105	$154,442	$371,547
Bill McMahon	Director of Admissions	40.00		$239,598	$74,668	$314,266
Justin Arnold	Dir People Oper	40.00		$274,431	$31,454	$305,885
Tracy Miller	Assist HOS	40.00		$183,813	$75,285	$259,098
Carly Rodriquez	Dir Communications	40.00		$161,291	$88,392	$249,683
William Bennett	Dir of Facilities	40.00		$171,236	$67,449	$238,685
Daniel Sonenshine	Board Chair	10.00	Officer Director	$0	$0	$0
Laura James	Vice Chair	10.00	Officer Director	$0	$0	$0
Janet Richardson	Vice Chair	10.00	Officer Director	$0	$0	$0
Catalina Saenz	Secretary	10.00	Officer Director	$0	$0	$0
Blake Grayson	Treasurer	2.00	Officer Director	$0	$0	$0
Scott Brittingham	Trustee	2.00	Director	$0	$0	$0
Jose Estrada	Parent Chair	2.00	Director	$0	$0	$0
Mike Galgon	Parent Chair	2.00	Director	$0	$0	$0
Jenn Gudebski	Trustee	2.00	Director	$0	$0	$0
Jay Gudebski	Trustee	2.00	Director	$0	$0	$0
Newlin Hastings	Trustee	2.00	Director	$0	$0	$0
Stephanie Lynch	Trustee	2.00	Director	$0	$0	$0
Gretchen Milligan	Trustee	2.00	Director	$0	$0	$0
Peter Munzig	Trustee	2.00	Director	$0	$0	$0
Awele Okigbo	Trustee	2.00	Director	$0	$0	$0
Anna Ortiz-Morfit	Trustee	2.00	Director	$0	$0	$0
Max Reniers	Trustee	2.00	Director	$0	$0	$0
Mark Robinson	Trustee	2.00	Director	$0	$0	$0
Brian Smallwood	Trustee	2.00	Director	$0	$0	$0
Meriem Soliman	Trustee	2.00	Director	$0	$0	$0
Dermond Thomas	Trustee	2.00	Director	$0	$0	$0
Alexandria Van Helden	Trustee	2.00	Director	$0	$0	$0
John Wagner	Trustee	2.00	Director	$0	$0	$0
Stefanie Warren	Trustee	2.00	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	$39,272,711	$40,695,000	$306,622,266	$-1,422,289
2023	$22,614,948	$39,788,695	$297,294,813	$-17,173,747
2022	$49,936,576	$48,527,880	$304,615,654	$1,408,696
2021	$48,102,279	$42,429,572	$342,064,880	$5,672,707
2020	$39,878,266	$33,499,546	$303,628,115	$6,378,720
2019	$46,351,004	$31,751,072	$303,646,391	$14,599,932
2018	$48,656,098	$30,310,757	$300,878,360	$18,345,341

The Thacher School Inc