Old Trail School FY2023 filing

Bath, OH · Public charity (501(c)(3)) · Since 1932 · Education

✓ Tax-deductible
Revenue
$11.6M
-5% vs prior year
Spent
$12.0M
To programs
75%
Net assets
$22.8M
By yearFY2020–FY2024
Revenue
$11.6M
FY2023▼ -5%
Revenue by fiscal year
FY2020$10.5M
FY2021$11.4M
FY2022$12.1M
FY2023$11.6M
FY2024$12.0M
FY2024$12.3M
Expenses
$12.0M
FY2023▲ +5%
Expenses by fiscal year
FY2020$10.5M
FY2021$10.4M
FY2022$11.4M
FY2023$12.0M
FY2024$12.4M
FY2024$12.7M
Net assets
$22.8M
FY2023▲ +1%
Net assets by fiscal year
FY2020$20.8M
FY2021$23.5M
FY2022$22.5M
FY2023$22.8M
FY2024$24.4M
FY2024$25.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item COld Trail School
EINHdr · item D34-0737805
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1932
Year of formationHdr · item L1932
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBath, OH
NTEE classificationIRS BMFEducation (B240)
WebsiteHdr · item Jwww.oldtrail.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.23 Fundraising $0.02
Program services75%$9.0M
Management & general23%$2.7M
Fundraising2%$291K
Total functional expensesLn 25$12.0M

Financial health

Is it on solid ground?

Program efficiency
75%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$25.6M
FY2023▲ +2%
Total assets by fiscal year
FY2020$24.5M
FY2021$27.4M
FY2022$25.1M
FY2023$25.6M
FY2024$27.0M
FY2024$27.7M
Total liabilities
$2.8M
FY2023▲ +8%
Total liabilities by fiscal year
FY2020$3.7M
FY2021$3.9M
FY2022$2.6M
FY2023$2.8M
FY2024$2.7M
FY2024$2.6M
Revenue less expensesPt I · Ln 19−$419K
Total assetsPt X · Ln 16$25.6M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426

Balance Sheet

Part X · end of year
CashLn 1$750K
Total assetsLn 16$25.6M
Total liabilitiesLn 26$2.8M
Total net assetsLn 32$22.8M
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Program service revenue$10.0M · 87%
Contributions & grants$1.2M · 11%
Other revenue$267K · 2%
Investment income$64K · 1%
Program service revenue87%$10.0M
Contributions & grants11%$1.2M
Other revenue2%$267K
Investment income1%$64K
— government grantsLn 1e$296K
Total revenueLn 12$11.6M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses (Pt IX) $12.0M · Less non-cash grants $25K · Cash operating expenses/yr $12.0M
2.0 months
Where the money goes
Program services
Program services $9.0M · Total expenses $12.0M
75%
Management & General
Management & general $2.7M · Total expenses $12.0M
23%
Fundraising
Fundraising $291K · Total expenses $12.0M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $268K · Solicited contributions (3-yr avg) $920K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $11.6M
11%
Government reliance
Government grants $296K · Total revenue $11.6M
3%
Earned-income share
Program service revenue $10.0M · Total revenue $11.6M
87%
Investment reliance
Investment income $64K · Total revenue $11.6M
+0.6%
Program self-sufficiency
Program service revenue $10.0M · Total expenses $12.0M
84%
Growth & trend
Revenue growth (YoY)
This year $11.6M · Prior year $12.1M
-5%
Net-asset trend (YoY)
End of year $22.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $11.6M · Expenses $12.0M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $25.6M
—
Net-asset ratio
Net assets $22.8M · Total assets $25.6M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $25.6M
5%
People & payroll
Highest Reported Total Compensation
Individual Sarah Johnston · Reported title HEAD OF SCHOOL · Highest reported compensation $259K · Total expenses $12.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.8M · Total expenses $12.0M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 23%——
Fundraising cost ratio 24%——
Revenue growth -5%——
Investment management fee ratio 0.05%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$258,847Pt VII · Sec A
Associate Head of School
$145,389Pt VII · Sec A
Chief Financial Officer
$127,418Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Sarah Johnston’s $274K as Head of School is at the 59th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Sarah Johnston$274,465$266,489$258,847$252,021$248,303$270,820
W Joseph Vogel$145,437$145,469$145,389$145,421$145,365$144,640
Meeta Nosrati$145,399$129,332$127,418$121,531$116,132$112,920
David Chottiner———$117,558$117,479$119,838
Hallie Ritzman$105,028$102,971————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 26Voting board membersPt VI · Ln 1a
  • 26Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates children from preschool through eighth grade.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $9.0M of program spending, described in the organization's own filed words · FY2022.
01

Old trail school is dedicated to educating boys and girls by developing a strong academic foundation, a respect for themselves and others, and a love of learning. Served 453 students in early childhood through grade eight.

$9.0Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$3K
Grants paid · 6 grants · $9.5M · 2019–2024
Unitemized GrantFY2024$1,627,405
Unitemized GrantFY2023$1,627,785
Unitemized GrantFY2022$1,729,381
Unitemized GrantFY2021$1,683,301
Unitemized GrantFY2020$1,454,866
Unitemized GrantFY2019$1,367,560

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $12.0M$12.4M+4% 990 PDF
FY2023 Viewing $11.6M$12.0M-5% 990 PDF
FY2022 $12.1M$11.4M+7% 990 PDF
FY2021 $11.4M$10.4M+8% 990 PDF
FY2020 $10.5M$10.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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