NICHOLS COLLEGE

EIN: 042104778 501(c)(3) Education

DUDLEY, MA

Total Revenue
$64,752,135
Total Expenses
$68,327,719
Total Assets
$108,811,740
Net Assets
$86,176,631
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1815
Legal Domicile
MA
Principal Officer
JAMIE BAMBER
Phone
5082131560
Tax Period
2024-07-01 to 2025-06-30

NICHOLS COLLEGE, founded in 1815, is a mid-sized nonprofit in the Education sector that reported $64.8M in total revenue in fiscal year 2024.

Mission

NICHOLS COLLEGE STRIVES TO DEVELOP TOMORROW'S LEADERS THROUGH A DYNAMIC, CAREER-FOCUSED BUSINESS EDUCATION. THE COLLEGE TRANSFORMS STUDENTS INTO SUCCESSFUL GRADUATES WHO RESPOND TO CHALLENGES, ARE EAGER FOR RESPONSIBILITY, AND ASSUME SIGNIFICANT ROLES IN THE GLOBAL ECONOMY. THE NICHOLS EXPERIENCE HAPPENS IN A WELCOMING ENVIRONMENT WHERE STUDENTS ARE ENCOURAGED TO LEARN AND GROW UNDER THE GUIDANCE OF MENTORING FACULTY AND STAFF COMMITTED TO STUDENT SUCCESS.

Program Service Accomplishments

Program 1
Expenses: $58,531,292 Revenue: $61,164,492

NICHOLS COLLEGE PROVIDES EDUCATION TO APPROXIMATELY 2,000 DEGREE-SEEKING STUDENTS INCLUDING 1,072 FULL TIME STUDENTS, LEADING TO ASSOCIATES, BACHELORS, AND MASTERS DEGREES, PRIMARILY IN BUSINESS...

Read more

NICHOLS COLLEGE PROVIDES EDUCATION TO APPROXIMATELY 2,000 DEGREE-SEEKING STUDENTS INCLUDING 1,072 FULL TIME STUDENTS, LEADING TO ASSOCIATES, BACHELORS, AND MASTERS DEGREES, PRIMARILY IN BUSINESS. APPROXIMATELY 807 OF THE 1,072 FULL TIME DAY STUDENTS ARE PROVIDED WITH FOOD AND HOUSING. THE COLLEGE ADDITIONALLY PROVIDES ADMISSIONS SERVICES, FINANCIAL AID SERVICES, ATHLETIC OPPORTUNITIES, RESIDENCE LIFE SUPPORT, CAREER PLACEMENT, NEW STUDENT ORIENTATIONS, HEALTH SERVICES, AND REGISTRAR SERVICES TO THE STUDENT BODY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,389,002
Program Service Revenue $61,164,492
Investment Income $220,518
Other Revenue $-21,877
TOTAL REVENUE $64,752,135

Expense Breakdown

Grants Paid $25,063,220
Salaries & Benefits $21,325,608
Fundraising Expenses $945,146
Program Expenses $58,531,292
Other Expenses $21,938,891
TOTAL EXPENSES $68,327,719

Year-over-Year Comparison

2024 2023 Change
Revenue $64,752,135 $61,075,482 +0.1%
Expenses $68,327,719 $65,692,348 +0.0%
Net Income $-3,575,584 $-4,616,866 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
29
Independent Members
29
Employees
738
Volunteers
110

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
8
$843,600
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL V BECKER CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
CAROLYN BURKE VICE CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
JOSEPH T BARTULIS JR SECRETARY 2.00
Officer Director
$0 $0 $0
WAYNE ARCHAMBO TRUSTEE 2.00
Director
$0 $0 $0
DAVID G BEDARD TRUSTEE 2.00
Director
$0 $0 $0
CYNTHIA A BEGIN TRUSTEE 2.00
Director
$0 $0 $0
JONATHAN M BIRTWELL TRUSTEE 2.00
Director
$0 $0 $0
JAMES C BROWN TRUSTEE 2.00
Director
$0 $0 $0
JENNIE L CAISSIE TRUSTEE 2.00
Director
$0 $0 $0
JAMES W COGHLIN SR TRUSTEE 2.00
Director
$0 $0 $0
JOHN H DAVIS TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN A DAVIS TREASURER 2.00
Officer Director
$0 $0 $0
EDWIN B DONAHUE TRUSTEE 2.00
Director
$0 $0 $0
ANNA DYAKIV TRUSTEE 2.00
Director
$0 $0 $0
ASUMAN GOKSEL TRUSTEE 2.00
Director
$0 $0 $0
DAVID G HALE TRUSTEE 2.00
Director
$0 $0 $0
THOMAS J HALL TRUSTEE 2.00
Director
$0 $0 $0
ROBERT B KUPPENHEIMER TRUSTEE 2.00
Director
$0 $0 $0
THOMAS S LODGE TRUSTEE 2.00
Director
$0 $0 $0
PETER L LYNCH TRUSTEE 2.00
Director
$0 $0 $0
JOHN H MCCLUTCHY TRUSTEE 2.00
Director
$0 $0 $0
STEFANY C MENDEZ TRUSTEE 2.00
Director
$0 $0 $0
RICHARD T MOORE TRUSTEE 2.00
Director
$0 $0 $0
JAIME PARIS BOISVERT TRUSTEE 2.00
Director
$0 $0 $0
MADISON PERROTTI TRUSTEE 2.00
Director
$0 $0 $0
LINDSEY RUGG TRUSTEE 2.00
Director
$0 $0 $0
TAMMY WOLF SMYRL TRUSTEE 2.00
Director
$0 $0 $0
TAYLOR CORNELL TRUSTEE 2.00
Director
$0 $0 $0
EDMOND J LANDRY III TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM PIECZYNSKI PRESIDENT 37.50
Officer
$304,294 $32,560 $336,854
DANIEL BORGIA PROVOST 37.50
Officer
$196,271 $34,147 $230,418
ROBERT LAVIGNE VP FOR OPERATIONS 37.50
Officer
$199,403 $20,644 $220,047
JAMIE BAMBER CFO 37.50
Officer
$49,725 $6,556 $56,281
KEVIN MENTZER FACULTY 37.50
Highest
$205,291 $30,035 $235,326
MAURI PELTO ASSOCIATE PROVOST AND ACCR 37.50
Highest
$156,511 $28,515 $185,026
DARCY VANGEL VP FOR HUMAN RESOURCES 37.50
Highest
$178,022 $29,067 $207,089
JACK HAYES VP OF ATHLETICS 37.50
Highest
$168,142 $29,024 $197,166
MICHAEL CROWLEY VP FOR ADMISSIONS 37.50
Highest
$152,182 $23,376 $175,558
EDWARD CROWLEY FORMER CFO 37.50
$170,529 $7,698 $178,227
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 $64,752,135 $68,327,719 $108,811,740 $-3,575,584
2024 $61,075,482 $65,692,348 $114,285,033 $-4,616,866
2023 $60,728,130 $63,833,463 $118,318,760 $-3,105,333
2022 $60,723,172 $59,805,415 $114,721,498 $917,757
2021 $61,690,656 $58,183,064 $117,903,001 $3,507,592
2020 $67,642,548 $59,258,764 $104,926,781 $8,383,784
2019 $62,468,920 $59,773,607 $103,668,190 $2,695,313
2018 $63,518,722 $59,028,874 $99,263,669 $4,489,848
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NICHOLS COLLEGE with other nonprofits in Massachusetts and across the country.