FISHER COLLEGE

EIN: 042005934 501(c)(3) Education

Boston, MA

Total Revenue
$25,324,483
Total Expenses
$25,422,314
Total Assets
$72,445,924
Net Assets
$64,414,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
MA
Principal Officer
Steven Rich
Phone
6172368800
Tax Period
2023-07-01 to 2024-06-30

FISHER COLLEGE, founded in 1903, is a mid-sized nonprofit in the Education sector that reported $25.3M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $64.4M represent 31 months of operating reserves.

Mission

Fisher College enables students to earn a degree and seek a job upon graduation. Fisher College provides access to an education to approved students seeking the tools they need to achieve their goals. Dedicated, experienced, and caring educators allow Fisher College to accomplish its mission. The Fisher experience activates students to take ownership of their learning by preparing them to overcome challenges and pursue opportunities. Fisher's small-school setting allows students to form enduring and influential bonds with each other and with their professors. The Fisher community brings cultures and perspectives together in a dynamic arena. Fisher views ethical and moral development and public service as imperatives. Campus life enriches the Fisher community by offering students social and educational opportunities.

Program Service Accomplishments

Program 1
Expenses: $10,474,408 Revenue: $14,685,643

Educational/Instructional Services - As directed by the Fisher College Mission and its strategic goals, the academic program "changes lives" by enabling students to acquire knowledge and skills that...

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Educational/Instructional Services - As directed by the Fisher College Mission and its strategic goals, the academic program "changes lives" by enabling students to acquire knowledge and skills that will guide them through a lifetime of intellectual and professional pursuits. To that end, Fisher offers pragmatic and focused programs bolstered by an array of general education programs. Thus, Fisher graduates are prepared to be responsible and contributing members of society. The Fisher College Educational and Instructional Program Services are focused on the core values and objectives of higher education and the Mission of the College.

Program 2
Expenses: $11,193,613 Revenue: $6,003,604

Housing & Student Services - The Fisher College campus, housing, student services and student resources programs define the College as much as the educational and instructional programs it offers and...

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Housing & Student Services - The Fisher College campus, housing, student services and student resources programs define the College as much as the educational and instructional programs it offers and the people who embody its Mission. The students' experiences, and their memories of their years at Fisher College, are entwined with the campus and its offerings. Just as it safeguards the interest of its students, Fisher College is a steward of these vital and influential physical resources, programs and services, and this Program Service Accomplishment is imperative to the Mission of the College.

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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 (2023)

Revenue Breakdown

Contributions & Grants $742,048
Program Service Revenue $20,689,247
Investment Income $2,892,729
Other Revenue $1,000,459
TOTAL REVENUE $25,324,483

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,381,948
Fundraising Expenses $428,358
Program Expenses $21,668,021
Other Expenses $11,040,366
TOTAL EXPENSES $25,422,314

Year-over-Year Comparison

2023 2022 Change
Revenue $25,324,483 $23,433,827 +0.1%
Expenses $25,422,314 $25,150,525 +0.0%
Net Income $-97,831 $-1,716,698 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
14
Employees
459
Volunteers
50

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
10
$1,349,521
Total Directors
16
$7,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Rich President 40
Officer
$350,272 $22,516 $372,788
Janet Kuser-Komarnicki Vice President of Academic Affairs/Chief Academic Officer 40
Officer
$176,254 $47,713 $223,967
Carolyn Smith Vice President of Finance 40
Officer
$183,660 $33,790 $217,450
Robert Melaragni Vice President of Enrollment Management 40
Officer
$174,046 $32,075 $206,121
Jeffrey Conrad Director of Accounting 40
Highest
$150,968 $20,698 $171,666
Lynne Robinson Vice President of Graduate Professional Studies 40
Officer
$155,328 $11,525 $166,853
Brian Perrin Vice President of Student Services 40
Officer
$149,528 $12,814 $162,342
Nancy Pithis Dean of International Academic Operations and Curriculum Development 40
Highest
$108,164 $30,198 $138,362
Marzieh Namazi Program Director / Assistant Professor IT 40
Highest
$120,413 $16,236 $136,649
Scott Dulin Athletics Director 40
Highest
$101,582 $31,631 $133,213
Anniello Trotta Associate Dean, School of Graduate Studies 40
Highest
$113,409 $15,879 $129,288
Lazaros Papadopoulos Board Member 2
Director
$7,000 $0 $7,000
Alexandra L Bartsch Chairman of the Board 5
Officer Director
$0 $0 $0
Rebecca B Costello Vice Chair 2
Officer Director
$0 $0 $0
James Bayles Clerk 2
Officer Director
$0 $0 $0
Walter J Dillingham Treasurer 2
Officer Director
$0 $0 $0
LaVerne Brown Board Member 2
Director
$0 $0 $0
Stephanie Davidson Board Member 2
Director
$0 $0 $0
Peter C Everett Board Member 2
Director
$0 $0 $0
Christian C Fisher Board Member 2
Director
$0 $0 $0
Tom Grilk Board Member 2
Director
$0 $0 $0
Gus Martucci Board Member 2
Director
$0 $0 $0
John McDonnell Board Member 2
Director
$0 $0 $0
Ashok Patel Board Member 2
Director
$0 $0 $0
Vikas Patel Board Member 2
Director
$0 $0 $0
Paul M Rowe Board Member 2
Director
$0 $0 $0
Dean Walton Board Member 2
Director
$0 $0 $0
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 $25,324,483 $25,422,314 $72,445,924 $-97,831
2023 $23,433,827 $25,150,525 $65,998,112 $-1,716,698
2022 $22,484,661 $22,311,603 $61,143,900 $173,058
2021 $24,965,061 $21,375,819 $69,485,467 $3,589,242
2020 $22,617,761 $22,859,294 $56,860,624 $-241,533
2019 $24,471,923 $24,837,521 $55,240,587 $-365,598
2018 $37,339,434 $24,837,680 $54,808,434 $12,501,754
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