THE WESTMINSTER SCHOOL FOUNDATION (EIN 990369928) - 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

2011

Legal Domicile

Principal Officer

DAVID BRIGSTOKE

Phone

6468670994

Tax Period

2024-01-01 to 2024-12-31

THE WESTMINSTER SCHOOL FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $625K in total revenue in fiscal year 2024. Revenue surged 359% from the prior year, signaling strong growth momentum. The organization ran a surplus of $402K, a strong 64% operating margin.

Mission

THE WESTMINSTER SCHOOL FOUNDATION WAS CREATED FOR THE SUPPORT OF THE ADVANCEMENT OF LEARNING AND EDUCATION AND ANY PURPOSES THAT ARE EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC OR EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $624,713

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $624,713

Expense Breakdown

Grants Paid $199,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,000

Other Expenses $23,673

TOTAL EXPENSES $222,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,713	$136,125	+3.6%
Expenses	$222,673	$141,450	+0.6%
Net Income	$402,040	$-5,325	-76.5%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXIS VASSILAKAS	DIRECTOR	0.50	Director	$0	$0	$0
JAMES SINCLAIR	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS OLIVER	DIRECTOR	0.50	Director	$0	$0	$0
ALEX MALAMATINAS	RESIGNED '24	0.00	Director	$0	$0	$0
DAVID BRIGSTOCKE	DIRECTOR/TREASURER/PRESIDENT	0.50	Officer Director	$0	$0	$0
ALI KHANBHAI	DIRECTOR	0.50	Director	$0	$0	$0
VICKY LEAVITT	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN GALLAGHER	SECRETARY	1.00	Officer	$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
2024	$624,713	$222,673	$696,485	$402,040
2023	$136,125	$141,450	$85,769	$-5,325
2022	$192,924	$184,810	$339,261	$8,114
2021	$160,203	$182,339	$472,491	$-22,136
2020	$233,323	$247,350	$334,473	$-14,027
2019	$122,615	$146,335	$457,792	$-23,720
2018	$331,747	$335,301	$385,548	$-3,554

THE WESTMINSTER SCHOOL FOUNDATION