Westmont School Inc
Westmont School Inc: Stable Finances, High Program Spending, but Limited Public Transparency
EIN: 221756061 · Mendham, NJ · NTEE: B21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Is Westmont School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Westmont School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Westmont School Inc
Westmont School Inc (EIN: 221756061) is a nonprofit organization based in Mendham, NJ, classified under NTEE code B21Z. The organization reported total revenue of $2.3M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westmont School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Westmont School Inc is a mid-size nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$246K |
| Total Assets | $6.3M |
| Total Liabilities | $1.6M |
| Net Assets | $4.7M |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 26.1% |
| Months of Reserves | 43.5 months |
Financial Health Grade: A
In 2024, Westmont School Inc reported a surplus of $246K with revenue exceeding expenses, holds 43.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Westmont School Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.5% | -2.5% | +5.1% |
| 2023 | -14.4% | -1.4% | +2.9% |
| 2022 | +71.2% | +31.8% | -3.9% |
| 2021 | +6.2% | -2.1% | +32.4% |
| 2020 | -18.2% | +6.1% | -16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
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 Westmont School Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Westmont School Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $246K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.1%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available public filings, making a direct assessment of specific dollar amounts challenging without further investigation into Form 990s.
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 Westmont School Inc's IRS 990 filings:
- Lack of detailed executive compensation disclosure in readily available public data.
- Limited public reporting on program effectiveness and student outcomes.
- Reliance on general financial statements without deeper narrative on operational challenges or successes.
Strengths
The following positive indicators were identified for Westmont School Inc:
- Consistent revenue generation over the past several years, with 2024 revenue at $1,982,066.
- Healthy asset base, with total assets reported at $6,294,694 in 2024.
- Low liability-to-asset ratio, indicating strong financial stability.
- Consistent operational surplus in most recent years, demonstrating sound financial management.
Frequently Asked Questions about Westmont School Inc
Is Westmont School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westmont School Inc (EIN: 221756061) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Westmont School Inc spend its money?
Westmont School Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Westmont School Inc tax-deductible?
Westmont School Inc is registered as a tax-exempt nonprofit (EIN: 221756061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Westmont School Inc's spending goes to programs?
Westmont School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Westmont School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Westmont School Inc is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Westmont School Inc located?
Westmont School Inc is headquartered in Mendham, New Jersey and files with the IRS under EIN 221756061. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Westmont School Inc have?
Westmont School Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
What does Westmont School Inc do?
Westmont School Inc is a nonprofit organization in the Education sector, located in Mendham, New Jersey. It is classified under NTEE code B21Z.
How much revenue does Westmont School Inc have?
Westmont School Inc reported total revenue of $2,287,070. Based on 14 IRS 990 filings on record.
What are Westmont School Inc's total assets?
Westmont School Inc holds total assets of $6,791,718 as reported in IRS 990 filings.
Where is Westmont School Inc located?
Westmont School Inc is based in Mendham, New Jersey.
What is Westmont School Inc's EIN?
Westmont School Inc's Employer Identification Number (EIN) is 221756061. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Westmont School Inc?
Westmont School Inc is classified under NTEE code B21Z (Education).
Is Westmont School Inc a registered 501(c)(3)?
Yes, Westmont School Inc is recognized as a tax-exempt organization by the IRS. EIN: 221756061.
Does Westmont School Inc file IRS Form 990?
Yes, Westmont School Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Westmont School Inc's revenue in 2024?
In the 202406 filing period, Westmont School Inc reported total revenue of $1,982,066, total expenses of $1,735,949, and net assets of $6,294,694.
Is Westmont School Inc's revenue growing or declining?
Westmont School Inc's revenue is relatively stable. Revenue went from $1,953,016 (202306) to $1,982,066 (202406), a +1.5% change. Based on 14 filings on record.
What is Westmont School Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Westmont School Inc covers tax period 202406. It shows revenue of $1,982,066, expenses of $1,735,949, total assets of $6,294,694, and liabilities of $1,640,504.
How much does Westmont School Inc spend on programs vs administration?
Based on IRS 990 analysis, Westmont School Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Westmont School Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Westmont School Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Westmont School Inc?
The following concerns were identified: Lack of detailed executive compensation disclosure in readily available public data.. Limited public reporting on program effectiveness and student outcomes.. Reliance on general financial statements without deeper narrative on operational challenges or successes.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Westmont School Inc's strengths?
Positive indicators for Westmont School Inc include: Consistent revenue generation over the past several years, with 2024 revenue at $1,982,066.. Healthy asset base, with total assets reported at $6,294,694 in 2024.. Low liability-to-asset ratio, indicating strong financial stability.. Consistent operational surplus in most recent years, demonstrating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Westmont School Inc compensate executives?
Executive compensation details are not explicitly provided in the available public filings, making a direct assessment of specific dollar amounts challenging without further investigation into Form 990s. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, what specific strategies does Westmont School Inc. employ to maintain its financial stability and how are these reflected in its program offerings?
The consistent revenue and asset growth suggest effective fundraising and tuition management strategies. While specific program details are not fully transparent, the high program spending percentage indicates a strong commitment to educational services, likely supported by stable enrollment and donor contributions.
How does Westmont School Inc. ensure its educational programs remain competitive and relevant in the Mendham, NJ area, especially without detailed public outcome reporting?
Without detailed public outcome reporting, it's challenging to assess competitiveness directly. However, consistent financial health and a long operating history suggest a strong reputation within its community, likely maintained through word-of-mouth, alumni networks, and direct engagement with families rather than broad public reporting.
Filing History
IRS 990 filing history for Westmont School Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Westmont School Inc's revenue has grown by 24.5%, moving from $1.6M to $2.0M. Total assets increased by 46.3% over the same period, from $4.3M to $6.3M. Total functional expenses rose by 34.5%, from $1.3M to $1.7M. In its most recent filing year (2024), Westmont School Inc reported a surplus of $246K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $6.3M in assets (debt-to-asset ratio: 26.1%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $1.7M | $6.3M | $1.6M | — | View 990 |
| 2023 | $2.0M | $1.8M | $6.0M | $1.6M | — | — |
| 2022 | $2.3M | $1.8M | $5.8M | $1.6M | — | View 990 |
| 2021 | $1.3M | $1.4M | $6.1M | $2.0M | — | View 990 |
| 2020 | $1.3M | $1.4M | $4.6M | $346K | — | View 990 |
| 2019 | $1.5M | $1.3M | $5.5M | $1.0M | — | View 990 |
| 2018 | $1.5M | $1.3M | $5.3M | $1.0M | — | View 990 |
| 2017 | $1.3M | $1.3M | $5.3M | $1.1M | — | View 990 |
| 2016 | $1.2M | $1.4M | $5.1M | $956K | — | View 990 |
| 2015 | $1.2M | $1.2M | $5.1M | $794K | — | View 990 |
| 2014 | $1.6M | $1.4M | $5.2M | $879K | — | View 990 |
| 2013 | $1.6M | $1.4M | $5.2M | $1.1M | — | View 990 |
| 2012 | $1.7M | $1.4M | $5.2M | $1.2M | — | View 990 |
| 2011 | $1.6M | $1.3M | $4.3M | $690K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $1.7M, and assets of $6.3M (revenue +1.5% year-over-year).
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $6.0M (revenue -14.4% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.8M, and assets of $5.8M (revenue +71.2% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $6.1M (revenue +6.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $4.6M (revenue -18.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $5.5M (revenue +2.5% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $5.3M (revenue +11.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $5.3M (revenue +11.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $5.1M (revenue -3.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $5.1M (revenue -20.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $5.2M (revenue +0.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.4M, and assets of $5.2M (revenue -9.0% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $5.2M (revenue +7.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Westmont School Inc:
Data Sources and Methodology
This transparency report for Westmont School Inc 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.