THOMAS COLLEGE

EIN: 010263385 501(c)(3) Education

WATERVILLE, ME

Total Revenue
$41,372,529
Total Expenses
$40,499,639
Total Assets
$87,310,386
Net Assets
$71,976,626
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1894
Legal Domicile
ME
Principal Officer
JEANNINE DIDDLE UZZI
Phone
2078591111
Tax Period
2024-07-01 to 2025-06-30

THOMAS COLLEGE, founded in 1894, is a mid-sized nonprofit in the Education sector that reported $41.4M in total revenue in fiscal year 2024.

Mission

THOMAS COLLEGE PREPARES STUDENTS FOR SUCCESS IN THEIR PERSONAL AND PROFESSIONAL LIVES, AND FOR LEADERSHIP AND SERVICE IN THEIR COMMUNITIES. THOMAS PROVIDES A SUPPORTIVE LEARNING ENVIRONMENT THAT VALUES THE NEEDS AND GOALS OF INDIVIDUAL STUDENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,419,709
Program Service Revenue $29,784,924
Investment Income $3,060,186
Other Revenue $107,710
TOTAL REVENUE $41,372,529

Expense Breakdown

Grants Paid $14,404,560
Salaries & Benefits $15,796,964
Fundraising Expenses $940,949
Program Expenses $36,007,681
Other Expenses $10,184,604
TOTAL EXPENSES $40,499,639

Year-over-Year Comparison

2024 2023 Change
Revenue $41,372,529 $39,971,757 +0.0%
Expenses $40,499,639 $38,938,070 +0.0%
Net Income $872,890 $1,033,687 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
463
Volunteers
18

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
7
$607,555
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLEY B SHIMANSKY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ROBIN GOODWIN 1ST VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID PEASE 2ND VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN J KING SECRETARY 1.00
Officer Director
$0 $0 $0
TAWNY ALVAREZ TRUSTEE 1.00
Director
$0 $0 $0
CONRAD AYOTTE TRUSTEE 1.00
Director
$0 $0 $0
ANDREW DIONNE TRUSTEE 1.00
Director
$0 $0 $0
JIM DOYLE TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM M DUBAY TRUSTEE 1.00
Director
$0 $0 $0
HOLLY D FERGUSON TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE T HAYES TRUSTEE 1.00
Director
$0 $0 $0
CHARLES JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MEREDITH JONES TRUSTEE 1.00
Director
$0 $0 $0
DANIELLE MARQUIS TRUSTEE 1.00
Director
$0 $0 $0
DORCAS RILEY TRUSTEE 1.00
Director
$0 $0 $0
RICHARD SPELLMAN TRUSTEE 1.00
Director
$0 $0 $0
KENNETH VIENS TRUSTEE 1.00
Director
$0 $0 $0
SHELBY WATSON TRUSTEE 1.00
Director
$0 $0 $0
JEANNINE DIDDLE UZZI PRESIDENT (EFF 11/1/24) 40.00
Officer
$0 $0 $0
LAURIE LACHANCE PRESIDENT (THROUGH 10/31/24) 40.00
Officer
$344,796 $39,303 $384,099
THOMAS EDWARDS PROVOST 40.00
Officer
$196,469 $26,987 $223,456
THOMAS WARREN COO 40.00
Highest
$210,016 $12,579 $222,595
ALICIA GARDINER CFO 40.00
Highest
$150,251 $9,334 $159,585
FRANK APPUNN PROFESSOR 40.00
Highest
$139,214 $10,162 $149,376
DONALD CRAGEN PROFESSOR 40.00
Highest
$147,440 $16,588 $164,028
CHRISTOPER RHODA VP OF INFORMATION SVCS AND CIO 40.00
Highest
$154,112 $22,416 $176,528
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 $41,372,529 $40,499,639 $87,310,386 $872,890
2024 $39,971,757 $38,938,070 $86,752,537 $1,033,687
2023 $34,736,562 $35,230,449 $85,311,388 $-493,887
2022 $31,052,244 $31,047,245 $83,830,985 $4,999
2021 $38,748,882 $34,085,900 $85,116,771 $4,662,982
2020 $32,333,664 $29,684,945 $77,306,149 $2,648,719
2019 $33,288,156 $30,184,307 $75,197,544 $3,103,849
2018 $33,559,666 $29,645,063 $72,325,247 $3,914,603
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