WESTLAND SCHOOL INC

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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

1949

Legal Domicile

Principal Officer

MELINDA TSAPATSARIS

Phone

3104725544

Tax Period

2022-07-01 to 2023-06-30

WESTLAND SCHOOL INC, founded in 1949, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $926K, a strong 17% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE PRIVATE ELEMENATRY SCHOOL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $3,348,889 Revenue: $4,350,688

PRIVATE ELEMENTARY SCHOOL - EDUCATION OF APPROXIMATELY 136. MAJORITY OF INCOME DERIVED FROM TUITION, FEES, INTEREST AND FUNDRAISING. NO OUTSIDE FUNDING.

Program 2

Revenue: $172,650

SUMMER CAMP PROGRAM - EACH YEAR THERE IS A SUMMER CAMP AT WESTLAND THATIS A JOINT VENTURE BETWEEN WESTLAND AND CAI (CHILDREN'S ART INSTITUTE).THE SUMMER CAMP IS RUN BY CAI AT THE WESTLAND CAMPUS...

SUMMER CAMP PROGRAM - EACH YEAR THERE IS A SUMMER CAMP AT WESTLAND THATIS A JOINT VENTURE BETWEEN WESTLAND AND CAI (CHILDREN'S ART INSTITUTE).THE SUMMER CAMP IS RUN BY CAI AT THE WESTLAND CAMPUS. DURING THE YEARENDED JUNE 30, 2023, THE SCHOOL MADE ITS FACILITIES AVAILABLE TO ALOCAL NOT-FOR-PROFIT ORGANIZATION FOR PURPOSES OF HOSTING THEORGANIZATION'S ANNUAL SUMMER CAMP AND THEATER PROGRAM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,003,568

Program Service Revenue $4,350,688

Investment Income $204,317

Other Revenue $0

TOTAL REVENUE $5,558,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,410,835

Fundraising Expenses $96,644

Program Expenses $3,348,889

Other Expenses $1,222,032

TOTAL EXPENSES $4,632,867

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,558,573	$4,306,886	+0.3%
Expenses	$4,632,867	$4,054,732	+0.1%
Net Income	$925,706	$252,154	+2.7%

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

198

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

Total Directors

$197,555

Key Employees

$463,765

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC MARRIE	PRESIDENT	6.00	Officer Director	$0	$0	$0
KATHRYN CAHAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY-ELLEN LOUKAS	TREASURER	3.00	Officer Director	$0	$0	$0
JACK SHIH	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH DE ROO	TRUSTEE	1.00	Director	$0	$0	$0
MARTA FERRO	TRUSTEE	1.00	Director	$0	$0	$0
ERRIN RILEY	TRUSTEE	1.00	Director	$0	$0	$0
BRETT WINTON	TRUSTEE	1.00	Director	$0	$0	$0
JILL RABIN	TRUSTEE	1.00	Director	$0	$0	$0
ARI EISENBERG	TRUSTEE	1.00	Director	$0	$0	$0
KATE AINSLIE	TRUSTEE	1.00	Director	$0	$0	$0
HILLARY BLUNT	TRUSTEE	1.00	Director	$0	$0	$0
WINONA DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
KAREN HARDCASTLE	TEACHER	40.00	Director	$96,551	$11,421	$107,972
JOHN WHITAKER	TEACHER	40.00	Director	$81,201	$8,382	$89,583
MELINDA TSAPATSARIS	HEAD OF SCHOOL	40.00	Key Emp	$450,150	$13,615	$463,765
RASHEDA CARROLL	ASSISTANT HEAD OF SC	40.00	Highest	$138,788	$17,212	$156,000
JENNINE RODRIGUEZ	ASSISTANT HEAD OF SC	40.00	Highest	$130,000	$8,584	$138,584
CAROLE BARBER	DIRECTOR OF FINANCE	40.00	Highest	$140,712	$18,312	$159,024
JULIA PIKE	TEACHER	40.00	Highest	$125,466	$23,296	$148,762

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	No data	No data	No data	No data
2023	$5,558,573	$4,632,867	$8,451,075	$925,706
2022	$4,306,886	$4,054,732	$6,916,830	$252,154
2021	$3,810,024	$3,773,988	$7,013,515	$36,036
2020	$4,201,206	$3,993,360	$6,472,005	$207,846
2019	$4,025,473	$3,628,659	$6,002,591	$396,814
2018	$3,728,760	$3,590,253	$5,467,540	$138,507