WHEATON 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

1834

Legal Domicile

Principal Officer

ROGER STACKPOOLE

Phone

5082868200

Tax Period

2024-07-01 to 2025-06-30

WHEATON COLLEGE, founded in 1834, is a major nonprofit in the Education sector that reported $171.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $363.4M represent 25 months of operating reserves.

Mission

WHEATON COLLEGE PROVIDES A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD.

Program Service Accomplishments

Program 1

Expenses: $158,555,023 Revenue: $137,340,646

TO PROVIDE A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES...

TO PROVIDE A TRANSFORMATIVE LIBERAL ARTS EDUCATION, COMBINING THEORY AND PRACTICE, FOR INTELLECTUALLY CURIOUS STUDENTS WITHIN A COLLABORATIVE AND VIBRANT EXTENDED COMMUNITY AND NETWORK THAT VALUES AND STRIVES TO CREATE AN EQUITABLE AND JUST WORLD.

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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 $19,408,271

Program Service Revenue $136,797,424

Investment Income $13,844,323

Other Revenue $1,336,235

TOTAL REVENUE $171,386,253

Expense Breakdown

Grants Paid $78,317,454

Salaries & Benefits $51,497,943

Fundraising Expenses $3,511,950

Program Expenses $158,555,023

Other Expenses $45,669,247

TOTAL EXPENSES $175,484,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$171,386,253	$150,338,992	+0.1%
Expenses	$175,484,644	$167,216,998	+0.0%
Net Income	$-4,098,391	$-16,878,006	-0.8%

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

1623

Volunteers

390

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

$2,304,863

Total Directors

$603,473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAELE WHELAN	PRESIDENT AND EX OFFICIO TRUSTEE	40.00	Officer Director	$539,558	$63,915	$603,473
KENNETH BABBY	TRUSTEE	2.00	Director	$0	$0	$0
ALLISON BAILEY	TRUSTEE	2.00	Director	$0	$0	$0
ANSON M BEARD JR	LIFETIME TRUSTEE	2.00	Director	$0	$0	$0
SHARON CALLAHAN-MILLER	TRUSTEE	2.00	Director	$0	$0	$0
PRISCILLA CAREY	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN ENYEART	TRUSTEE	2.00	Director	$0	$0	$0
MARYANN E CARROLL	TRUSTEE (UNTIL 4/16/25)	2.00	Director	$0	$0	$0
SUE CURRAN	TRUSTEE (UNTIL 7/31/24)	2.00	Director	$0	$0	$0
CECILIA GREENE	TRUSTEE	2.00	Director	$0	$0	$0
INDIRA HENARD	TRUSTEE	2.00	Director	$0	$0	$0
CHERYL KEAMY	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA KING	LIFETIME TRUSTEE	2.00	Director	$0	$0	$0
TONY LAING	TRUSTEE	2.00	Director	$0	$0	$0
PAULA LALIBERTE	TRUSTEE	2.00	Director	$0	$0	$0
JANET L LEBOVITZ	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW LOUNDER	TRUSTEE	2.00	Director	$0	$0	$0
KENDRA MALLOY	TRUSTEE	2.00	Director	$0	$0	$0
ADRIENNE B MARS	LIFETIME TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER B PAQUET	TRUSTEE	2.00	Director	$0	$0	$0
KAREN J PFEIL	TRUSTEE	2.00	Director	$0	$0	$0
MARCUS RELTHFORD	TRUSTEE	2.00	Director	$0	$0	$0
AUSTIN SIMKO	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK SUMMERS	TRUSTEE	2.00	Director	$0	$0	$0
DIANA D SPENCER	LIFETIME TRUSTEE	2.00	Director	$0	$0	$0
SUZANNE SYZMANSKI	TRUSTEE	2.00	Director	$0	$0	$0
ELENA WONG	TRUSTEE	2.00	Director	$0	$0	$0
CHERLY VEDOE	TRUSTEE & BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BARBARA BRITTINGHAM	TRUSTEE & BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN C TALANIAN	TRUSTEE & BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROGER STACKPOOLE VP FOR FIN	ADMINISTRATION/BOARD TREASURER	40.00	Officer	$320,832	$81,733	$402,565
WALTER CAFFEY VP ENROLLMENT	DEAN OF ADMISSION & STUDENT AID	40.00	Officer	$238,893	$45,812	$284,705
MERRITT CROWLEY	VP FOR COLLEGE ADVANCEMENT	40.00	Officer	$240,200	$24,530	$264,730
SUSAN ROBINSON	VP FOR MARKETING & COMMUNICATIONS	40.00	Officer	$236,511	$9,307	$245,818
DARNELL PARKER VP FOR	STUDENT AFFAIRS & DEAN OF STUDENTS	40.00	Officer	$205,757	$22,665	$228,422
JONATHAN MILLEN PROVOST VP OF	ACADEMIC AFFAIRS (FROM 7/8/24)	40.00	Officer	$155,092	$15,973	$171,065
PAMELA VAZ	BOARD SECRETARY	40.00	Officer	$72,082	$32,003	$104,085
JEFFREY CUTTING	ASSOCIATE VP OF ENROLLMENT	40.00	Highest	$172,726	$39,079	$211,805
DAVID LAMARCO ASSOCIATE VP	OF FACILITIES & BUSINESS SERVICES	40.00	Highest	$177,162	$28,456	$205,618
JOSEPH LACASCIO AVP CISO	INFORMATION TECHNOLOGY SERVICES	40.00	Highest	$175,999	$23,087	$199,086
OMAIRA ROY	ASSOCIATE VP OF HUMAN RESOURCES	40.00	Highest	$181,009	$13,176	$194,185
GAVIN VIANO ASSOCIATE VP	FOR ATHLETICS & RECREATION	40.00	Highest	$176,225	$9,118	$185,343
ZACHARY IRISH ASSOC VP FOR	STUD. AFFAIRS/FORMER DEAN OF STUD.	40.00		$125,176	$81,759	$206,935
KAREN MCCORMACK PROF OF SOC	& POLITICS/FORMER INTERIM PROVOST	40.00		$172,305	$13,234	$185,539

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	$171,386,253	$175,484,644	$458,348,963	$-4,098,391
2024	$150,338,992	$167,216,998	$446,033,897	$-16,878,006
2023	$154,250,092	$159,378,442	$438,679,115	$-5,128,350
2022	$180,235,944	$150,515,955	$437,299,904	$29,719,989
2021	$148,800,782	$142,995,790	$459,069,163	$5,804,992
2020	$134,659,887	$144,042,140	$374,085,010	$-9,382,253
2019	$137,743,590	$142,862,425	$375,718,351	$-5,118,835
2018	$137,057,812	$134,157,711	$380,878,753	$2,900,101