BENNINGTON COLLEGE CORPORATION

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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

1932

Legal Domicile

Principal Officer

TED O'REILLY

Phone

8024404328

Tax Period

2024-07-01 to 2025-06-30

BENNINGTON COLLEGE CORPORATION, founded in 1932, is a mid-sized nonprofit in the Education sector that reported $90.8M in total revenue in fiscal year 2024.

Mission

THE MEN AND WOMEN WHO BROUGHT BENNINGTON COLLEGE INTO BEING SOUGHT TO CREATE A COLLEGE THAT WOULD EMPHASIZE "THE INDIVIDUAL STUDENT AND HER DEVELOPING INTERESTS," LEARNING "BY ACTIVITY AND LIVING", A COMMUNITY LIFE DESIGNED TO "BREAK DOWN ARTIFICIAL BARRIERS BETWEEN TEACHER AND STUDENT AND BETWEEN CURRICULUM AND EXTRA CURRICULUM, AND "A CONSCIOUS ELASTICITY IN EDUCATIONAL PLANS."THE PRINCIPLE OF LEARNING BY PRACTICE AND THE EMPHASIS ON THE INDIVIDUAL UNDERLIE EVERY MAJOR FEATURE OF A BENNINGTON EDUCATION: THE CLOSE WORKING RELATIONSHIP BETWEEN STUDENT AND TEACHER, THE INSISTENCE ON SELF-DETERMINATION, THE COMMITMENT TO LEARNING ACROSS THE DISCIPLINES, AND THE FIELD WORK TERM, WHICH GIVES STUDENTS WORK EXPERIENCE AND CONNECTS THEM TO THE GREATER COMMUNITY. THE PLAN PROCESS, THROUGH WHICH STUDENTS DESIGN THEIR ACADEMIC EXPERIENCES AND NAVIGATE THEIR BENNINGTON EDUCATION, EMBODIES THE COLLEGE'S MISSION.

Program Service Accomplishments

Program 1

Expenses: $79,992,319 Revenue: $63,712,565

UNDERGRADUATE PROGRAM: BENNINGTON COLLEGE HOLDS A DISTINGUISHED PLACE AMONG AMERICAN COLLEGES AND UNIVERSITIES. IT WAS THE FIRST TO INCLUDE THE VISUAL AND PERFORMING ARTS IN A LIBERAL ARTS EDUCATION, AND IT IS THE ONLY COLLEGE TO REQUIRE THAT ITS STUDENTS SPEND SEVEN WEEKS - EVERY YEAR - AT WORK IN THE WORLD (FIELD WORK TERM).BENNINGTON'S CENTER FOR THE ADVANCEMENT OF PUBLIC ACTION IS AN EXPRESSION OF THE COLLEGE'S COMMITMENT TO ENGAGING THE WORLD; BY EMBEDDING IN THE CURRICULUM AN ONGOING DYNAMIC BETWEEN PUBLIC RESPONSIBILITIES AND PRIVATE AMBITIONS, BENNINGTON AIMS TO ENSURE THAT ITS GRADUATES ARE COMMITTED TO, AND CAPABLE OF, EFFECTIVE ACTION IN THE WORLD. (CONTINUED ON SCHEDULE O)BENNINGTON STUDENTS DRAW IN THE FULL BREADTH OF THE COLLEGE'S CURRICULUM WHICH OFFERS CLASSES IN THE HUMANITIES, NATURAL SCIENCES, MATHEMATICS, SOCIAL SCIENCE, AND VISUAL AND PERFORMING ARTS - TO DESIGN INDIVIDUAL COURSES OF STUDY THAT ARE UNIFIED AND FUELED BY THEIR INTELLECT AND IMAGINATION, GUIDED BY THEIR FACULTY, AND SHAPED BY THEIR EXPERIENCE WORKING IN THE WORLD EACH YEAR.

Program 2

Expenses: $2,936,690 Revenue: $3,247,740

GRADUATE PROGRAMS: BENNINGTON'S GRADUATE PROGRAMS ARE BUILT ON THE BELIEF THAT MAKING NEW WORK IS AT THE HEART OF THE EDUCATIONAL PROCESS. THE COLLEGE'S GRADUATE PROGRAMS ARE SMALL, INTENSIVE, AND...

GRADUATE PROGRAMS: BENNINGTON'S GRADUATE PROGRAMS ARE BUILT ON THE BELIEF THAT MAKING NEW WORK IS AT THE HEART OF THE EDUCATIONAL PROCESS. THE COLLEGE'S GRADUATE PROGRAMS ARE SMALL, INTENSIVE, AND SELECTIVE. BENNINGTON OFFERS A LOW-RESIDENCY MASTER OF FINE ARTS IN WRITING PROGRAM, WHICH IS NATIONALLY RECOGNIZED, AS WELL AS AN ON-CAMPUS MASTER OF FINE ARTS IN PERFORMING ARTS. IN 2023-2024, THESE PROGRAMS SERVED APPROXIMATELY 100 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,565,309

Program Service Revenue $66,945,550

Investment Income $1,075,152

Other Revenue $1,234,699

TOTAL REVENUE $90,820,710

Expense Breakdown

Grants Paid $38,897,336

Salaries & Benefits $33,180,603

Fundraising Expenses $2,139,870

Program Expenses $82,929,009

Other Expenses $22,946,777

TOTAL EXPENSES $95,024,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,820,710	$86,826,890	+0.0%
Expenses	$95,024,716	$89,498,931	+0.1%
Net Income	$-4,204,006	$-2,672,041	+0.6%

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

526

Volunteers

160

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

$930,259

Total Directors

$314,823

Key Employees

$297,320

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS STEPHENS	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES SIMON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA USHKOW DEANE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUZANNE BRUNDAGE	SECRETARY	1.00	Officer Director	$0	$0	$0
PRISCILLA ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
TRACY KATSKY BOOMER	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW CLARKE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM DERROUGH	TRUSTEE	1.00	Director	$0	$0	$0
ALAN KORNBERG	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL B ROWLAND	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN BESKIND SAFIR	TRUSTEE	1.00	Director	$0	$0	$0
MARY SCANLAN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLENE SOLOW SCHWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN MARC SHERMAN	TRUSTEE	1.00	Director	$0	$0	$0
CATHARINE STIMPSON	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH BORDA	TRUSTEE	1.00	Director	$0	$0	$0
ODILI ODITA	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA A ROSENBURG	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE DAVISON	TRUSTEE	1.00	Director	$0	$0	$0
SEKKA SCHER	TRUSTEE	1.00	Director	$0	$0	$0
ALISHA SHRESTHA	TRUSTEE	1.00	Director	$0	$0	$0
SAWYER LONDON	TRUSTEE	1.00	Director	$0	$0	$0
BRYN MOOSER	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD UBELL	TRUSTEE	1.00	Director	$0	$0	$0
LORRAINE ATWOOD	TREASURER/SVP OF FINANCE	40.00	Officer Director	$274,575	$40,248	$314,823
LAURA WALKER	PRESIDENT	40.00	Officer	$553,101	$62,335	$615,436
MAURICE HALL	PROVOST	40.00	Key Emp	$258,667	$38,653	$297,320
ALLISON GOMES	VP OF ADVANCEMENT	40.00	Highest	$225,839	$46,025	$271,864
ALFREDO MEDINA	VP OF DEI	40.00	Highest	$182,182	$52,227	$234,409
JUDE HIGDON-TOPAZ	AVP FOR IT AND CIO	40.00	Highest	$164,216	$12,300	$176,516
JEFFREY PERKINS	VP OF MARKETING	40.00	Highest	$163,239	$25,463	$188,702
MARK WUNDERLICH	DIRECTOR OF MFA IN WRITING	40.00	Highest	$160,044	$25,203	$185,247

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	$90,820,710	$95,024,716	$147,791,217	$-4,204,006
2024	No data	No data	No data	No data
2023	$76,428,687	$83,228,772	$151,307,079	$-6,800,085
2022	$73,080,983	$78,144,328	$152,748,783	$-5,063,345
2021	$83,242,782	$66,568,816	$164,960,346	$16,673,966
2020	$73,695,365	$67,477,092	$148,830,349	$6,218,273
2019	$71,997,341	$65,634,904	$138,321,023	$6,362,437
2018	$64,618,129	$64,586,877	$130,923,368	$31,252