BECKER 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

1784

Legal Domicile

Principal Officer

KEITH LOWEY

Phone

5087919241

Tax Period

2020-07-01 to 2021-06-30

BECKER COLLEGE, founded in 1784, is a mid-sized nonprofit that reported $64.6M in total revenue in fiscal year 2020. Revenue decreased 6% compared to the prior year.

Mission

BECKER COLLEGE SERVES 1700 STUDENTS FROM 35 STATES AND 15 COUNTRIES AND OFFERS OVER 30 BACHELOR DEGREE PROGRAMS, 6 ASSOCIATE DEGREE PROGRAMS, AND 2 MASTERS DEGREE PROGRAMS IN UNIQUE, HIGH-DEMAND CAREER NICHES RANGING FROM NURSING AND EQUINE MANAGEMENT TO COMPUTER GAME DESIGN AND A VARIETY OF ADULT LEARNING OPTIONS. WITH CAMPUSES IN WORCESTER AND LEICESTER, MA., BECKER TRACES ITS HISTORY TO 1784 AND HAS OVER 20,000 ALUMNI.

Program Service Accomplishments

Program 1

Expenses: $28,388,155 Revenue: $26,731,897

STUDENT FINANCIAL AID- FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, FEDERAL WORK STUDY PROGRAM, COLLEGE SCHOLARSHIPS AND TUITION REMISSION

Program 2

Expenses: $8,459,488 Revenue: $27,310,594

INSTRUCTIONAL - FACULTY, LIBRARY & EVENING DIVISION

Program 3

Expenses: $6,395,294 Revenue: $697,215

STUDENT SERVICES - REGISTRAR'S OFFICE, STUDENT SERVICE ADMINISTRATION, STUDENT SERVICES, ADMISSIONS AND FINANCIAL AID ADMINISTRATION

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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 (2020)

Revenue Breakdown

Contributions & Grants $6,432,199

Program Service Revenue $56,857,080

Investment Income $1,337,295

Other Revenue $0

TOTAL REVENUE $64,626,574

Expense Breakdown

Grants Paid $26,731,897

Salaries & Benefits $19,133,552

Fundraising Expenses $767,065

Program Expenses $49,457,120

Other Expenses $18,921,077

TOTAL EXPENSES $64,786,526

Year-over-Year Comparison

	2020	2019	Change
Revenue	$64,626,574	$68,471,425	-0.1%
Expenses	$64,786,526	$69,370,991	-0.1%
Net Income	$-159,952	$-899,566	-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

712

Volunteers

N/A

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

$1,614,853

Total Directors

Key Employees

$153,023

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE L CASSIDY	CHAIR	2.00	Officer Director	$0	$0	$0
CHERYL M LAPRIORE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN H BUDD	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN E GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL A DELMASTRO	TREASURER	2.00	Officer Director	$0	$0	$0
DR GREGORY POGUE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW M MAZUR	DIRECTOR	2.00	Director	$0	$0	$0
FRANCES E POLITO	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD J WILSON	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA B CROCKER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J CAVARETTA	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY A GOODSILL	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT CONTI	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR DIGERONIMO	DIRECTOR	2.00	Director	$0	$0	$0
NANCY CRIMMIN	PRESIDENT	37.50	Officer	$273,677	$53,988	$327,665
DAVID A ELLIS	EXEC VP/CFO	37.50	Officer	$211,989	$17,988	$229,977
FRANK MILLERICK	VP OF STUDENT AFFAIRS	37.50	Officer	$145,172	$17,988	$163,160
JULIE BAILEY	DEAN OF ANIMAL STUDIES	37.50	Officer	$104,717	$11,905	$116,622
ALAN RITACCO	DEAN OF DESIGN	37.50	Officer	$178,000	$6,943	$184,943
AMBER VAILL	VP OF ACADEMICS	37.50	Officer	$111,371	$17,988	$129,359
MARY ELLEN MAHONEY	DEAN OF GPS	37.50	Officer	$131,757	$6,943	$138,700
JENNIFER LITCHFILED	ASST. DEAN OF NURSING	37.50	Officer	$103,496	$17,988	$121,484
LORITA WILLIAMS	VP OF DEVELOPMENT	37.50	Officer	$196,000	$6,943	$202,943
RICHARD NAYLOR	CONTROLLER	37.50	Key Emp	$153,023	$0	$153,023

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
2021	$64,626,574	$64,786,526	$39,650,846	$-159,952
2020	$68,471,425	$69,370,991	$47,781,132	$-899,566
2019	$72,472,518	$73,040,515	$48,255,211	$-567,997
2018	$73,005,870	$73,262,427	$49,416,662	$-256,557