CARLTHORP SCHOOL (EIN 953512203) - 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

1939

Legal Domicile

Principal Officer

KENNETH PARR

Phone

3104511332

Tax Period

2023-09-01 to 2024-08-31

CARLTHORP SCHOOL, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $21.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 31% operating margin.

Mission

INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6.

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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 $7,808,435

Program Service Revenue $11,343,767

Investment Income $1,534,825

Other Revenue $560,356

TOTAL REVENUE $21,247,383

Expense Breakdown

Grants Paid $647,378

Salaries & Benefits $10,574,586

Fundraising Expenses $541,268

Program Expenses $12,145,171

Other Expenses $3,403,940

TOTAL EXPENSES $14,625,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,247,383	$14,083,775	+0.5%
Expenses	$14,625,904	$12,985,683	+0.1%
Net Income	$6,621,479	$1,098,092	+5.0%

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

111

Volunteers

110

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

$845,550

Total Directors

$494,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOLA RAE CRONAN	HEAD OF SCHOOL	40.00	Officer Director	$440,269	$54,298	$494,567
AARON LEWIS	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
JOSHUA BERTMAN	TRUSTEE	1.50	Director	$0	$0	$0
MICHAEL BUNDY	TRUSTEE	1.50	Director	$0	$0	$0
SUBHA CHUDGAR	TRUSTEE	1.50	Director	$0	$0	$0
STEFANIE HUIE	TRUSTEE	1.50	Director	$0	$0	$0
TIMOTHY JACKMAN	TRUSTEE	1.50	Director	$0	$0	$0
JARRED KENNEDY	TRUSTEE	1.50	Director	$0	$0	$0
SHERMAN MA	TRUSTEE	1.50	Director	$0	$0	$0
MARK MCKEE	TRUSTEE	1.50	Director	$0	$0	$0
DOROTHY MENZIES	TRUSTEE	1.50	Director	$0	$0	$0
CARA MORENO	TRUSTEE	1.50	Director	$0	$0	$0
KERRY O'NEILL	TRUSTEE	1.50	Director	$0	$0	$0
ELLEN SCHWARZMAN	TRUSTEE	1.50	Director	$0	$0	$0
VARUN SONI	TRUSTEE	1.50	Director	$0	$0	$0
HANNAH TAYLOR SKVARLA	TRUSTEE	1.50	Director	$0	$0	$0
KENNETH PARR	SECRETARY/TREASURER	40.00	Officer	$261,281	$89,702	$350,983
STEVEN SPRINGER	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$302,229	$55,387	$357,616
AMANDA SASSO	DEAN OF ACADEMICS	40.00	Highest	$189,633	$20,284	$209,917
STEPHEN MILICH	DIRECTOR OF ADMISSIONS	40.00	Highest	$192,975	$23,618	$216,593
MAUREEN POLLACK	DIRECTOR OF ADVANCEMENT	40.00	Highest	$186,458	$21,431	$207,889
ANDRE MORRIS	HEAD OF SCIENCE, INNOVATION & SPECIAL PROGRAMS	40.00	Highest	$140,057	$17,129	$157,186

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
2024	$21,247,383	$14,625,904	$61,006,469	$6,621,479
2023	$14,083,775	$12,985,683	$49,647,820	$1,098,092
2022	$12,590,028	$12,631,105	$45,708,597	$-41,077
2021	$11,073,290	$13,213,453	$48,419,297	$-2,140,163
2020	$11,649,150	$12,263,498	$45,333,330	$-614,348
2019	$11,352,256	$10,825,640	$42,705,873	$526,616
2018	$10,200,207	$10,223,270	$41,930,650	$-23,063

CARLTHORP SCHOOL