FISHER COLLEGE (EIN 042005934) - 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

1903

Legal Domicile

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

Mission Statement: Fisher College improves lives by providing students with the knowledge and skills necessary for a lifetime of intellectual and professional pursuits.

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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 $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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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

459

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

$1,349,521

Total Directors

$7,000

Key Employees

Highest Compensated

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

FISHER COLLEGE