Civic Intelligence

Trinity Valley School

990 • Fiscal year 2023 • EIN 75-1099126

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

7500 Dutch Branch RoadFort Worth, TX 76132

(817) 321-0100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.19x

Higher debt load relative to assets than 40% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.74x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

50th percentile

2.4%

Higher net margin than 50% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$475,519

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

28th percentile

0.7%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-2.0%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$126,736,194

Up $886,610 (+0.7%) from 2022

Net Assets

Up

$102,133,173

Up $2,221,670 (+2.2%) from 2022

Liabilities

Down

$24,603,021

Down $1,335,060 (-5.1%) from 2022

Revenue

Down

$33,198,768

Down $672,049 (-2.0%) from 2022

Expenses

Up

$32,399,798

Up $1,868,897 (+6.1%) from 2022

Net Income

Down

$798,970

Down $2,540,946 (-76%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $78,723,852Liabilities 2010: $22,365,853Net Assets 2010: $56,357,9992010Assets 2011: $87,340,997Liabilities 2011: $24,093,866Net Assets 2011: $63,247,1312011Assets 2012: $90,043,026Liabilities 2012: $24,942,742Net Assets 2012: $65,100,2842012Assets 2013: $94,913,096Liabilities 2013: $24,609,963Net Assets 2013: $70,303,1332013Assets 2014: $102,589,030Liabilities 2014: $24,794,289Net Assets 2014: $77,794,7412014Assets 2015: $113,860,243Liabilities 2015: $30,268,284Net Assets 2015: $83,591,9592015Assets 2016: $111,581,239Liabilities 2016: $28,236,222Net Assets 2016: $83,345,0172016Assets 2017: $112,642,435Liabilities 2017: $26,318,252Net Assets 2017: $86,324,1832017Assets 2018: $110,619,788Liabilities 2018: $22,782,197Net Assets 2018: $87,837,5912018Assets 2019: $116,229,597Liabilities 2019: $23,743,133Net Assets 2019: $92,486,4642019Assets 2020: $115,369,415Liabilities 2020: $22,952,490Net Assets 2020: $92,416,9252020Assets 2021: $129,853,781Liabilities 2021: $24,742,074Net Assets 2021: $105,111,7072021Assets 2022: $125,849,584Liabilities 2022: $25,938,081Net Assets 2022: $99,911,5032022Assets 2023: $126,736,194Liabilities 2023: $24,603,021Net Assets 2023: $102,133,1732023Assets 2024: $130,562,249Liabilities 2024: $26,782,991Net Assets 2024: $103,779,2582024

Highlighted filing

2023

Assets$126,736,194
Liabilities$24,603,021
Net Assets$102,133,173

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $18,666,3602010Revenue 2011: $22,703,217Expenses 2011: $18,852,195Net Income 2011: $3,851,0222011Expenses 2012: $19,531,3152012Expenses 2013: $21,198,3082013Revenue 2014: $26,529,078Expenses 2014: $21,838,284Net Income 2014: $4,690,7942014Revenue 2015: $31,989,591Expenses 2015: $22,661,826Net Income 2015: $9,327,7652015Revenue 2016: $25,144,165Expenses 2016: $24,366,849Net Income 2016: $777,3162016Revenue 2017: $25,551,348Expenses 2017: $25,853,359Net Income 2017: -$302,0112017Revenue 2018: $26,445,071Expenses 2018: $26,882,178Net Income 2018: -$437,1072018Revenue 2019: $31,602,047Expenses 2019: $27,857,262Net Income 2019: $3,744,7852019Revenue 2020: $27,962,422Expenses 2020: $28,056,860Net Income 2020: -$94,4382020Revenue 2021: $31,929,734Expenses 2021: $28,083,637Net Income 2021: $3,846,0972021Revenue 2022: $33,870,817Expenses 2022: $30,530,901Net Income 2022: $3,339,9162022Revenue 2023: $33,198,768Expenses 2023: $32,399,798Net Income 2023: $798,9702023Revenue 2024: $34,647,863Expenses 2024: $34,719,331Net Income 2024: -$71,4682024

Highlighted filing

2023

Revenue$33,198,768
Expenses$32,399,798
Net Income$798,970
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$37,513,794
Mission and Program Overview

Mission

Trinity valley school has four main objectives for its students: fine scholarship with its fulfillment at college; the development of wide constructive interests; intelligent citizenship; and spiritual and moral development which promotes lasting values.additionally, trinity valley school's goal is to provide students with a foundation to become imaginative, innovative leaders of all kinds. Personal growth is equally as important as academic growth. Trinity valley school recognizes that there are many types of intelligence: linguistic, spatial, musical, kinesthetic, natural, manipulative, and interpersonal, among others. A tvs education does not focus on just one or two to the neglect of the others. The college preparatory curriculum at tvs is carefully designed by remarkable educators to give students the freedom to expand the streams of thought by which they understand, examine, and solve problems they have never before encountered. Tvs is about timeless education.

Trinity valley school has four main objectives for its students; fine scholarship with its fulfillment at college; the development of wide constructive interests; intelligent citizenship; and spiritual and moral development which promotes lasting values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$49,031,633$50,965,991▲ $1,934,358
Land, Buildings, and Equipment, Net$43,539,739$42,326,252▼ $1,213,487
Cash and Non-Interest-Bearing Accounts$17,754,540$20,493,780▲ $2,739,240
Accounts Receivable$9,070,844$8,884,966▼ $185,878
Investments in Publicly Traded Securities$5,513,740$2,903,047▼ $2,610,693
Prepaid Expenses and Deferred Charges$624,328$959,686▲ $335,358
Pledges and Grants Receivable$314,760$122,973▼ $191,787
Total Assets$125,849,584$126,736,194▲ $886,610
Other Assets Total$0$79,499▲ $79,499
Liabilities
Deferred Revenue$21,993,712$23,109,634▲ $1,115,922
Accounts Payable and Accrued Expenses$3,135,267$1,493,387▼ $1,641,880
Mortgage Notes Payable Secured by Investment Property$790,000$0▼ $790,000
Other Liabilities$19,102$0▼ $19,102
Total Liabilities$25,938,081$24,603,021▼ $1,335,060
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$57,337,271$57,906,372▲ $569,101
Net Assets With Donor Restrictions$42,574,232$44,226,801▲ $1,652,569
Total Net Assets Fund Balance$99,911,503$102,133,173▲ $2,221,670
Total Liabilities and Net Assets / Fund Balance$125,849,584$126,736,194▲ $886,610

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,320,470$25,261,807$60,582,277
Land$3,480,000-$3,480,000
Equipment$1,735,956$1,320,959$3,056,915
Other Land Buildings$1,789,826$1,202,354$2,992,180
Other Securities$42,298--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$46,982,374$444,421▲ $3,245,642-$48,937,915
2021$50,311,268$2,264,509▼ $3,845,697-$46,982,374
2020$38,165,917$467,230▲ $13,059,114-$50,311,268
2019$38,384,789$539,980▲ $878,327-$38,165,917
2018$36,209,821$273,511▲ $3,663,008-$38,384,789
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blair LowryHead of SchoolFT$376,546$98,973$475,519
Jeffrey SnyderAssistant Head of SchoolFT$146,813$60,009$206,822
Margaret RiemitisSen. Business Office Cons (as of 07/22)FT$180,663$25,902$206,565
Margaret RiemitisSen. Business Office Cons (as of 07/-$178,376$28,189$206,565
Kyle KahudaHead of Upper SchoolFT$138,567$53,768$192,335
Lisa GriderDirector of Advanc. & Strategic InitiativesFT$165,335$22,023$187,358
Lisa GriderDirector of Advanc. & Strategic Initiativ-$163,483$23,875$187,358
Sandra McnuttHead of Lower SchoolFT$146,685$25,115$171,800
Adam WojtelwiczChief Financial Officer (as of 08/22)FT$97,818$9,318$107,136

Board Members and Trustees

NameTitle
Geeth ChettiarAd Hoc/comm & Inclusion Comm Chair
Bryan LynchAdvancement Committee Chair
Steve WillmannAudit Committee Chair
Amy JacobsGovernance Chair
Maxwell LeaSecretary & Endowment Committee Chair
Mindy HegiTreasurer & Finance Committee Chair
Kathleen MolerEx Officio, Alumni Association President
Tamara WillmannEX OFFICIO, PARENTS' CLUB PRESIDENT
Jennifer RosellPresident
Brant MartinVice President
Adrianne DeemTrustee
Ann RanelleTrustee
Christy PevetoTrustee
David NoletTrustee
Heather BreiterTrustee
Joe GallagherTrustee
Kit UlrichTrustee
Marc GoldmanTrustee
Megan DeenTrustee
Michael SteadmanTrustee
Tosin SmithTrustee
Willie HoustonTrustee
Woei MingTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Scott Tucker Construction Company LLCConstruction Services908 S SYLVANIA AVE, Fort Worth, TX 76111$882,648
The Faulk CompanyJanitorial ServicesPO BOX 100533, Fort Worth, TX 76185$386,655
Tgs Sports LLCTrack Construction4410 W VICKERY BLVD SUITE 200, Fort Worth, TX 76107$297,000
Phillips Lawn Sprinkler Co INCLawncare2948 MCPHERSON RD, Fort Worth, TX 76140$257,306
Data Center WarehouseData Center Products Wholesaler23041 AVENIDA DE LA CARLOTA, Laguna Hills, CA 92653$193,216
Revenue and Support

Revenue Composition

Contributions and Grants
$1,770,088
Program Service Revenue
$26,556,824
Investment Income
$2,971,426
Other Revenue
$1,900,430
All Other Contributions
$1,562,185
Change in Net Assets
$798,970

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$26,119Fair Market Value (FMV)
Other Non Cash Contri Table1$10,000Fair Market Value (FMV)
Total Noncash Contributions4$36,119-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,842,350
Revenue Not Reported on Financial Statements
$3,356,418
Revenue Not Reported on Form 990
$1,422,700
Other Revenue Adjustments
$2,775,027
Total Revenue per Audited Statements
$31,265,050
Total Revenue per Form 990
$33,198,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$18,721,970
Other Expenses$10,869,644
Grants and Similar Amounts Paid$2,808,184
Total Fundraising Expense$643,106
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,462,516$1,394,794$347,350$13,204,660
Other Employee Benefits$2,658,465$335,292$57,779$3,051,536
Grants to Domestic Individuals$2,808,184--$2,808,184
Occupancy$2,533,412$51,861$7,779$2,593,052
Depreciation Depletion$2,044,727$41,857$6,279$2,092,863
Payroll Taxes$837,459$137,571$26,605$1,001,635
Pension Plan Contributions$688,234$53,883$13,341$755,458
Current Officers, Directors, Trustees, and Key Employees$116,263$569,166$23,252$708,681
Fees for Service Investment Mgmnt Fees-$581,391-$581,391
Advertising$36,004$332,140$157,748$525,892
Information Technology$511,924$9,705$1,456$523,085
Insurance$494,139$10,115$1,517$505,771
Fees for Services Other-$498,433-$498,433
All Other Expenses$23,599$289,146-$312,745
Office Expenses-$285,089-$285,089
Fees for Services Accounting-$78,975-$78,975
Fees for Services Legal-$43,970-$43,970
Interest$27,557--$27,557
Other Expenses$3,304$16,365-$19,669
Total Functional Expenses$26,954,389$4,802,303$643,106$32,399,798

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,399,798
Total Expenses per Audited Statements$29,043,380
Expenses per Audited Statements$29,010,223
Expenses Not Reported on Financial Statements$3,389,575
Other Expense Adjustments$2,808,184
Expenses Not Reported on Form 990$33,157
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,405
Fundraising Direct Expenses$33,157
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parents Club Gallery Night$82,260$59,760$15,742$44,018
Booster Club Golf Tournament$15,635$10,385$1,218$9,167
Total Events$113,155$76,405$33,157$43,248
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASimonton Education Facilities Corporation2004-12-01$5,000,000Facilities-acquire, renovate, construct & equip educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A---$67,763

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 review: the form 990 is prepared by an independent accountant and reviewed by management. A redacted copy of the form 990 is electronically provided to the board of trustees for review prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy: board of trustee members sign a conflict of interest disclosure statement individually which is reviewed by the chief of financial officer upon submission. Any potential conflict will be discussed with the board chair.

Form 990, Part VI, Section B, Line 15

Compensation policy: the human resources committee of the board of trustees determines the salary of the head of school. During the process, the committee uses a combination of the following information: - isas, index and nais statistics - employment search firms/consultants - experience - job performance

Form 990, Part VI, Section C, Line 19

Public availability of documents: trinity valley school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Trinity Valley School
EIN
75-1099126
Phone
8173210100
Address
7500 DUTCH BRANCH ROAD, FORT WORTH, TX 76132

Signing Officer

Name
Blair Lowry
Title
Head of School
Phone
8173210110
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blair Lowry
Formed
1959
Legal Domicile
TX
Voting Board Members
23
Independent Board Members
23
Employees
320
Volunteers
600

Preparer

Firm
Armanino Llp
Address
15950 N DALLAS PKWY 600, DALLAS, TX 75248
Preparer
Matthew Petroski
Phone
9726611843
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in interest rate swap 15,302. Rent expenses netted against income 6,123.

Financial Statement Notes

PART X, LINE 2:

The school is a qualified organization exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. The school has evaluated its current tax positions and has concluded that as of june 30, 2023 and 2022, the school does not have any significant uncertain tax positions for which a reserve would be considered necessary.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in interest rate swap 15,302. Rent expenses netted against income 6,123.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid 2,808,184. Special event expenses netted against revenue -33,157.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses netted against income 33,157.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 2,808,184.

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IRS990/Desc0TRINITY VALLEY SCHOOL IS A PRE-K-12 EDUCATIONAL INSTITUTION WITH AN ENROLLMENT OF 1,003 STUDENTS. THE TRINITY VALLEY SCHOOL CLASS OF 2023 HAD 75 GRADUATES ACCEPTED INTO 141 DIFFERENT COLLEGES AND 33 UNIQUE HONORS PROGRAMS, AND RECEIVED $10.5 MILLION IN SCHOLARSHIPS. 2 MEMBERS OF THE CLASS WERE RECOGNIZED AS NATIONAL MERITS FINALISTS, 7 MEMBERS OF THE CLASS WERE RECOGNIZED AS NATIONAL MERIT COMMENDED SCHOLARS, 3 MEMBERS OF THE CLASS RECEIVED NATIONAL AFRICAN AMERICAN RECOGNITION, 2 MEMBERS OF THE CLASS RECEIVED NATIONAL INDIGINOUS RECOGNITION, AND 2 MEMBERS OF THE CLASS RECEIVED NATIONAL HISPANIC RECOGNITION. 3 MEMBERS WERE RECRUITED ATHLETES COMMITTED TO PLAYING COLLEGIATE SPORTS. ADDITIONALLY, THE CLASS OF 2023 COMPLETED 8,600 COMMUNITY SERVICE HOURS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY & ENDOWMENT COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER & FINANCE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4GOVERNANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5AUDIT COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6AD HOC/COMM & INCLUSION COMM CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7ADVANCEMENT COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EX OFFICIO, PARENTS' CLUB PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9EX OFFICIO, ALUMNI ASSOCIATION PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF FINANCIAL OFFICER (AS OF 08/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt25ASSISTANT HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt26SEN. BUSINESS OFFICE CONS (AS OF 07/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt27HEAD OF UPPER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIR OF ADVANC. & STRATEGIC INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt29HEAD OF LOWER SCHOOL
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$131$26.8$104$34.6$34.7$0.07
2023Detailed filing. Detailed filing data is available for this year.$127$24.6$102$33.2$32.4$0.80
2022Detailed filing. Detailed filing data is available for this year.$126$25.9$99.9$33.9$30.5$3.34
2021Detailed filing. Detailed filing data is available for this year.$130$24.7$105$31.9$28.1$3.85
2020Detailed filing. Detailed filing data is available for this year.$115$23.0$92.4$28.0$28.1$0.09
2019Detailed filing. Detailed filing data is available for this year.$116$23.7$92.5$31.6$27.9$3.74
2018Detailed filing. Detailed filing data is available for this year.$111$22.8$87.8$26.4$26.9$0.44
2017Detailed filing. Detailed filing data is available for this year.$113$26.3$86.3$25.6$25.9$0.30
2016Detailed filing. Detailed filing data is available for this year.$112$28.2$83.3$25.1$24.4$0.78
2015Detailed filing. Detailed filing data is available for this year.$114$30.3$83.6$32.0$22.7$9.33
2014Detailed filing. Detailed filing data is available for this year.$103$24.8$77.8$26.5$21.8$4.69
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.9$24.6$70.3$21.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.0$24.9$65.1$19.5
2011Summary only. Only limited summary data is available for this year.$87.3$24.1$63.2$22.7$18.9$3.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$78.7$22.4$56.4$18.7