THOMAS COLLEGE

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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

1894

Legal Domicile

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. AT THOMAS, STUDENTS DISCOVER AND FULFILL THEIR UNIQUE POTENTIAL. EACH PROGRAM AT THE COLLEGE PROMOTES PROFESSIONAL EXCELLENCE, INFORMED BY ETHICS AND INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $36,007,681 Revenue: $29,784,924

INSTRUCTION - UNDERGRADUATE AND GRADUATE EDUCATION OFFERING ASSOCIATES, BACHELOR AND MASTERS DEGREE PROGRAMS CONCENTRATING IN BUSINESS, EDUCATION, TECHNOLOGY, CRIMINAL JUSTICE, CYBER SECURITY AND...

INSTRUCTION - UNDERGRADUATE AND GRADUATE EDUCATION OFFERING ASSOCIATES, BACHELOR AND MASTERS DEGREE PROGRAMS CONCENTRATING IN BUSINESS, EDUCATION, TECHNOLOGY, CRIMINAL JUSTICE, CYBER SECURITY AND PSYCHOLOGY TO APPROXIMATELY 760 FULL-TIME STUDENTS AND 130 PART-TIME.

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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 (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

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

463

Volunteers

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

$607,555

Total Directors

Key Employees

Highest Compensated

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