New School for Child Development

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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

1975

Legal Domicile

Phone

8187810360

Tax Period

2023-07-01 to 2024-06-30

New School for Child Development, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $22.7M in total revenue in fiscal year 2023. Expenses of $21.5M left a modest 6% surplus.

Mission

See Form 990, Part III, Line 4a

Program Service Accomplishments

Program 1

Expenses: $19,846,664 Revenue: $18,857,292

New School offers school programs consistent with its tax exempt purpose. New School for Child Development operates seven schools on three separate campuses all of which are certified by the...

New School offers school programs consistent with its tax exempt purpose. New School for Child Development operates seven schools on three separate campuses all of which are certified by the California Department of Education. The Help Group's North Hills Prep is located at Van Nuys Campus and are dedicated to educating students with social, emotional and/or behavioral challenges.The Sherman Oaks Campus has four separately certified schools (Village Glen School, Bridgeport School, Sunrise School, and Young Learners Preschool) all of which are dedicated to serving the educational and social needs of students with special needs related to autism spectrum disorders and other neurodevelopmental disorders.

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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 $1,996,321

Program Service Revenue $18,789,081

Investment Income $1,912,385

Other Revenue $41,976

TOTAL REVENUE $22,739,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,668,267

Fundraising Expenses $11,262

Program Expenses $19,846,664

Other Expenses $9,812,207

TOTAL EXPENSES $21,480,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,739,763	$21,255,026	+0.1%
Expenses	$21,480,474	$18,839,865	+0.1%
Net Income	$1,259,289	$2,415,161	-0.5%

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

247

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

$3,362,497

Total Directors

$3,082,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Firestone PhD	President & CEO	13.00	Officer Director	$554,787	$31,801	$2,184,639
Susan Berman PhD	Pres&CEOFr10/23	13.00	Officer Director	$217,998	$52,392	$898,331
Michael Love	Sr. VP of Finance (Thru 01/23)	10.00		$78,204	$1,269	$304,737
Oscar Valadez	CFO	10.00	Officer	$66,032	$23,291	$279,527
Pamela Clark MA	Sr Dir of Schools	22.00		$106,865	$17,760	$212,060
Randall Kissel	Dir. of Facilities	10.00		$60,992	$38,183	$190,701
Amelia Gomez	Controller	10.00		$62,447	$8,037	$164,194
Elin Bradley	Dir. of Therapeuti	12.00		$45,536	$9,012	$160,798
Laurie Stephens	Dir. of Programs	11.00		$49,964	$9,012	$133,953
Gary H Carmona	Dir./Chairman	2.00	Officer Director	$0	$0	$0
Joy Monkarsh	Dir./Secretary	1.00	Officer Director	$0	$0	$0
Jae Hyun	Dir./Treasurer	2.00	Officer Director	$0	$0	$0
Aaron Coleman	Dir.(From 5/24)	2.00	Director	$0	$0	$0
Yolanda Pina	Director	1.00	Director	$0	$0	$0
Susan Berk	Director	1.00	Director	$0	$0	$0
Robert Dorman	Director	1.00	Director	$0	$0	$0
David Firestone DDS	Dir.(Thru10/23)	1.00	Director	$0	$0	$0
Danny Raffle	Director	1.00	Director	$0	$0	$0
Ken Solomon	Director	1.00	Director	$0	$0	$0
Valerie Seymour	Director	1.00	Director	$0	$0	$0
Perry Katz	Dir.(Thru12/23)	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	$22,739,763	$21,480,474	$52,514,439	$1,259,289
2023	$21,255,026	$18,839,865	$54,393,423	$2,415,161
2022	$17,288,353	$20,321,818	$55,077,959	$-3,033,465
2021	$24,393,908	$18,037,241	$70,855,402	$6,356,667
2020	$23,099,573	$22,121,883	$68,696,942	$977,690
2019	$24,993,680	$24,195,718	$68,415,884	$797,962
2018	$26,536,887	$24,270,338	$70,770,239	$2,266,549