THE COLBURN SCHOOL (EIN 952501387) - 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

1951

Legal Domicile

Principal Officer

SEL KARDAN

Phone

2136212200

Tax Period

2022-07-01 to 2023-06-30

THE COLBURN SCHOOL, founded in 1951, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $74.2M in total revenue in fiscal year 2022. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18.6M, a strong 25% operating margin.

Mission

A SCHOOL WITH ACCLAIMED FACULTY PROVIDING STUDENTS THE HIGHEST QUALITY PERFORMING ARTS EDUCATION.

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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 $31,891,855

Program Service Revenue $18,406,087

Investment Income $22,588,448

Other Revenue $1,312,851

TOTAL REVENUE $74,199,241

Expense Breakdown

Grants Paid $11,504,343

Salaries & Benefits $21,971,565

Fundraising Expenses $2,169,808

Program Expenses $46,434,310

Other Expenses $22,043,135

TOTAL EXPENSES $55,597,043

Year-over-Year Comparison

	2022	2021	Change
Revenue	$74,199,241	$293,942,140	-0.7%
Expenses	$55,597,043	$51,714,339	+0.1%
Net Income	$18,602,198	$242,227,801	-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

465

Volunteers

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

$1,343,922

Total Directors

Key Employees

$598,214

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SELJUK KARDAN	PRESIDENT & CEO	40.00	Officer	$583,831	$108,170	$692,001
ROBERT LIPSETT	PROFESSOR	40.00	Highest	$450,887	$25,447	$476,334
FABIO BIDINI	PROFESSOR	40.00	Highest	$429,236	$27,332	$456,568
MAEESHA MERCHANT	CFO/TREASURER/VP OF BUS. DEVELOP.	40.00	Officer	$318,580	$28,570	$347,150
ADRIAN DALY	PROVOST	40.00	Key Emp	$298,568	$35,251	$333,819
CLIVE GREENSMITH	PROFESSOR	40.00	Highest	$293,475	$40,072	$333,547
LINDA CORMIER	VP HR/BOD SECRETARY	40.00	Officer	$284,651	$20,120	$304,771
MARTIN BEAVER	FACULTY	40.00	Highest	$262,645	$37,921	$300,566
RICHARD BEENE	PROFESSOR	40.00	Highest	$256,466	$26,313	$282,779
ANNE E WICKERT	VP ADVANCEMENT	40.00	Key Emp	$246,410	$17,985	$264,395
ANDREW MILLSTEIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CAROL COLBURN GRIGOR	LIFE CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
DAVID D COLBURN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DIANE NAEGELE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL L AVCHEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT N BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY CHOI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD W COLBURN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE COULOMBE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DIENER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DIRESTA	DIRECTOR	1.00	Director	$0	$0	$0
DARREN EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
GREG GUYETT	DIRECTOR	1.00	Director	$0	$0	$0
CAROL F HENRY	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE COLBURN HOGEL	DIRECTOR	1.00	Director	$0	$0	$0
BOB KELLY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY KIRK	DIRECTOR	1.00	Director	$0	$0	$0
ALIZA LESSER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY C MARKSBURY	DIRECTOR	1.00	Director	$0	$0	$0
WORTHY MCCARTNEY	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCWILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MAHNAZ NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
HEINRICH SCHELBERT	DIRECTOR	1.00	Director	$0	$0	$0
HARRY B SUH	DIRECTOR	1.00	Director	$0	$0	$0
KEITH TERASAKI	DIRECTOR	1.00	Director	$0	$0	$0
PETER WARDLE	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN YOLLES	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$74,199,241	$55,597,043	$648,075,574	$18,602,198
2022	$293,942,140	$51,714,339	$624,606,660	$242,227,801
2021	$59,375,662	$43,302,582	$392,445,370	$16,073,080
2020	$44,139,579	$51,111,667	$335,953,493	$-6,972,088
2019	$41,915,703	$51,348,465	$350,455,307	$-9,432,762
2018	$49,996,053	$51,791,971	$350,839,845	$-1,795,918

THE COLBURN SCHOOL