Trustees of Saint Joseph's College Saint Joseph's College of Maine (EIN 010212542) - 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

1955

Legal Domicile

Principal Officer

Jonathan Greven

Phone

2078926766

Tax Period

2023-07-01 to 2024-06-30

Trustees of Saint Joseph's College Saint Joseph's College of Maine, founded in 1955, is a mid-sized nonprofit in the Education sector that reported $54.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Higher education institution offering liberal arts education on a full and part time basis to male and female students. The Institution also offers an on-line education program for bachelors and masters degrees through home study.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,356,473

Program Service Revenue $50,025,220

Investment Income $2,490,701

Other Revenue $500,407

TOTAL REVENUE $54,372,801

Expense Breakdown

Grants Paid $20,422,451

Salaries & Benefits $19,293,338

Fundraising Expenses $555,266

Program Expenses $51,983,440

Other Expenses $15,500,518

TOTAL EXPENSES $55,216,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,372,801	$48,073,477	+0.1%
Expenses	$55,216,307	$51,532,023	+0.1%
Net Income	$-843,506	$-3,458,546	-0.8%

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

906

Volunteers

818

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

$903,774

Total Directors

$374,439

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Monique LaRocque	SVP Learning/Past Interim President	50.00	Officer Director	$211,184	$27,202	$238,386
Joseph Cassidy	President	50.00	Officer Director	$136,028	$25	$136,053
Jeffrey Moody	Chair	2.00	Officer Director	$0	$0	$0
Carl Howell	Vice Chair	2.00	Officer Director	$0	$0	$0
Sr Ellen Turner	Secretary	2.00	Officer Director	$0	$0	$0
Craig Becker	Trustee	2.00	Director	$0	$0	$0
Bernice Bradin	Trustee	2.00	Director	$0	$0	$0
Thomas Driscoll	Trustee	2.00	Director	$0	$0	$0
Mark Duval	Trustee	2.00	Director	$0	$0	$0
Dr Judy Graham	Trustee	2.00	Director	$0	$0	$0
Alan Lapoint	Trustee	2.00	Director	$0	$0	$0
Sr Carol LeTourneau RSM	Trustee	2.00	Director	$0	$0	$0
Christina Maguire	Trustee	2.00	Director	$0	$0	$0
Kenneth Marino	Trustee	2.00	Director	$0	$0	$0
Sr Mary Morey RSM	Trustee	2.00	Director	$0	$0	$0
Michael J Mulhare	Trustee	2.00	Director	$0	$0	$0
John Straub	Trustee	2.00	Director	$0	$0	$0
Dr Carol Strobeck EdD	Trustee	2.00	Director	$0	$0	$0
Frederick Yochum	Trustee	2.00	Director	$0	$0	$0
Robert Zilg	Trustee	2.00	Director	$0	$0	$0
Dr Frances Wiesen Psy D	VP Student Life/CSDO	50.00	Officer	$133,907	$18,414	$152,321
Jonathan Greven	Sr. VP of Finance & Admin/CFO	50.00	Officer	$171,872	$33,776	$205,648
Dr Christopher Fuller	VP/Chief Spons. & Mis. Int. Officer	50.00	Officer	$100,035	$40,690	$140,725
Haley Thompson	SVP Marketing/Advancement/Admission	50.00	Officer	$30,020	$621	$30,641
Sheri Piers	Director of Student Health Center	50.00	Highest	$104,015	$13,280	$117,295
Cortland Stiles Jr	Past AVP & CIO	50.00	Highest	$104,583	$36,142	$140,725
Dale Brooker	Assoc Dean Academics	50.00	Highest	$106,456	$14,410	$120,866
Elizabeth Schran	Sr Director IA	50.00	Highest	$115,421	$5,127	$120,548
Kelly Hudock	Chair of Nursing	50.00	Highest	$137,118	$15,902	$153,020
Dr James S Dlugos	Former President	0.00		$255,785	$19,929	$275,714

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
2025	No data	No data	No data	No data
2024	$54,372,801	$55,216,307	$64,267,160	$-843,506
2023	$48,073,477	$51,532,023	$64,309,387	$-3,458,546
2022	$53,366,368	$51,168,310	$66,804,633	$2,198,058
2021	$58,358,813	$51,925,058	$70,736,447	$6,433,755
2020	$53,083,154	$53,261,858	$67,199,918	$-178,704
2019	$59,807,340	$57,184,661	$66,793,100	$2,622,679
2018	$56,797,532	$56,371,787	$66,564,108	$425,745

Trustees of Saint Joseph's College Saint Joseph's College of Maine