Thornton Donovan School
Thornton Donovan School faces declining revenue and operating deficits despite stable assets and no officer compensation.
EIN: 131740493 · New Rochelle, NY · Updated: 2026-03-28
Is Thornton Donovan School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thornton Donovan School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thornton Donovan School
Thornton Donovan School (EIN: 131740493) is a nonprofit organization based in New Rochelle, NY. The organization reported total revenue of $2.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thornton Donovan School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thornton Donovan School is a mid-size nonprofit that has been operating for 56 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-340,184 |
| Total Assets | $3.3M |
| Total Liabilities | $522K |
| Net Assets | $2.8M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 19.5 months |
Financial Health Grade: B
In 2024, Thornton Donovan School reported a deficit of $340K with expenses exceeding revenue, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Thornton Donovan School's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.4% | -6.7% | -13.1% |
| 2023 | -18.6% | +7.9% | -7.4% |
| 2022 | -7.8% | +7.1% | -2.7% |
| 2021 | -1.8% | -30.5% | +15.7% |
| 2020 | -13.6% | -10.2% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thornton Donovan School with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Thornton Donovan School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $340K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers do not receive salaries from the organization, which is highly favorable for a nonprofit of its size with annual revenues exceeding $1.7 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Thornton Donovan School's IRS 990 filings:
- Consistent decline in revenue since 2019 (from $2,993,692 to $1,707,704 in 2024)
- Expenses frequently exceeding revenue in recent years (e.g., $2,047,888 expenses vs. $1,707,704 revenue in 2024)
- Operating deficits in multiple recent periods (2024, 2023, 2020)
Strengths
The following positive indicators were identified for Thornton Donovan School:
- Zero officer compensation reported across all filings, indicating strong financial stewardship at the leadership level.
- Healthy asset base relative to liabilities, providing a buffer against financial challenges (e.g., $3,336,025 assets vs. $521,663 liabilities in 2024).
- Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
Frequently Asked Questions about Thornton Donovan School
Is Thornton Donovan School a legitimate charity?
Based on AI analysis of IRS 990 filings, Thornton Donovan School (EIN: 131740493) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Thornton Donovan School spend its money?
Thornton Donovan School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thornton Donovan School tax-deductible?
Thornton Donovan School is registered as a tax-exempt nonprofit (EIN: 131740493). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thornton Donovan School financially sustainable given recent revenue declines?
The school has experienced a significant decline in revenue from $2,993,692 in 2019 to $1,707,704 in 2024, and expenses have exceeded revenue in several recent periods (e.g., 2024, 2023, 2020). While it maintains a strong asset base ($3,336,025 in 2024) relative to liabilities ($521,663), this trend of operating deficits is a concern for long-term sustainability if not addressed.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation is a significant positive, demonstrating that the school's leadership is not drawing salaries from the organization. This suggests a high level of dedication and potentially allows more funds to be directed towards its educational mission.
What is the trend in the school's assets and liabilities?
Assets have generally remained stable, fluctuating between $3.3 million and $4.2 million over the past decade. Liabilities have shown some fluctuation but have generally decreased from a high of $1,514,197 in 2015 to $521,663 in 2024, indicating a strengthening balance sheet in terms of debt management.
Filing History
IRS 990 filing history for Thornton Donovan School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Thornton Donovan School's revenue has declined by 37.5%, moving from $2.7M to $1.7M. Total assets decreased by 13.5% over the same period, from $3.9M to $3.3M. Total functional expenses fell by 22.5%, from $2.6M to $2.0M. In its most recent filing year (2024), Thornton Donovan School reported a deficit of $340K, with expenses exceeding revenue. The organization holds $522K in liabilities against $3.3M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $2.0M | $3.3M | $522K | — | View 990 |
| 2023 | $1.9M | $2.2M | $3.8M | $686K | — | View 990 |
| 2022 | $2.3M | $2.0M | $4.1M | $707K | — | View 990 |
| 2021 | $2.5M | $1.9M | $4.3M | $1.3M | — | View 990 |
| 2020 | $2.6M | $2.7M | $3.7M | $1.3M | — | View 990 |
| 2019 | $3.0M | $3.0M | $3.8M | $1.3M | — | View 990 |
| 2018 | $3.2M | $3.0M | $4.0M | $1.4M | — | View 990 |
| 2017 | $3.0M | $3.0M | $3.9M | $1.5M | — | View 990 |
| 2016 | $3.2M | $3.1M | $3.9M | $1.5M | — | View 990 |
| 2015 | $2.6M | $2.8M | $3.8M | $1.5M | — | View 990 |
| 2014 | $2.6M | $2.8M | $3.9M | $1.4M | — | View 990 |
| 2013 | $2.6M | $2.6M | $4.0M | $1.3M | — | View 990 |
| 2012 | $2.7M | $2.6M | $3.9M | $1.3M | — | View 990 |
| 2011 | $2.7M | $2.6M | $3.9M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $2.0M, and assets of $3.3M (revenue -10.4% year-over-year).
- 2023: Revenue of $1.9M, expenses of $2.2M, and assets of $3.8M (revenue -18.6% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.0M, and assets of $4.1M (revenue -7.8% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.9M, and assets of $4.3M (revenue -1.8% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.7M, and assets of $3.7M (revenue -13.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $3.8M (revenue -5.5% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.0M, and assets of $4.0M (revenue +4.0% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.0M, and assets of $3.9M (revenue -4.3% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.1M, and assets of $3.9M (revenue +21.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.8M, and assets of $3.8M (revenue -0.6% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.8M, and assets of $3.9M (revenue +1.9% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $4.0M (revenue -4.7% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.6M, and assets of $3.9M (revenue -0.5% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $3.9M.
Data Sources and Methodology
This transparency report for Thornton Donovan School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.