ALBERTUS MAGNUS 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

1925

Legal Domicile

Principal Officer

LAURI STRIMKOVSKY

Phone

2037738516

Tax Period

2024-07-01 to 2025-06-30

ALBERTUS MAGNUS COLLEGE, founded in 1925, is a mid-sized nonprofit in the Education sector that reported $62.2M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $53.6M left a modest 14% surplus.

Mission

TO MAINTAIN AND OPERATE AN INSTITUTION OF HIGHER LEARNING WHICH PROVIDES INSTRUCTION IN THE LIBERAL ARTS AND SCIENCES AND CONFERS DEGREES UPON THE COMPLETION OF CURRICULA PRESCRIBED BY THE COLLEGE IN ACCORDANCE WITH ITS CHARTER AND THE LAWS OF THE STATE OF CONNECTICUT.

Program Service Accomplishments

Program 1

Expenses: $33,868,707 Revenue: $37,835,950

INSTRUCTION, LIBRARY, AND STUDENT AID OF APPROXIMATELY 1,350 COLLEGE STUDENTS BY APPROXIMATELY 120 QUALIFIED INSTRUCTORS AND THE OPERATION OF THE PHYSICAL PLANT.

Program 2

Expenses: $11,385,049 Revenue: $3,584,003

STUDENT SERVICES AND AUXILIARY (STUDENT SUPPORT) SERVICES CONSISTING OF HOUSING, FOOD SERVICE, LAUNDRY SERVICE, INFIRMARY AND COUNSELING OF APPROXIMATELY 1,350 COLLEGE STUDENTS.

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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 $5,780,335

Program Service Revenue $41,249,354

Investment Income $14,605,342

Other Revenue $581,942

TOTAL REVENUE $62,216,973

Expense Breakdown

Grants Paid $17,343,228

Salaries & Benefits $20,370,563

Fundraising Expenses $5,607,467

Program Expenses $45,253,756

Other Expenses $15,845,003

TOTAL EXPENSES $53,558,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,216,973	$42,723,304	+0.5%
Expenses	$53,558,794	$47,250,170	+0.1%
Net Income	$8,658,179	$-4,526,866	-2.9%

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

524

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

$754,305

Total Directors

$500,277

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER CLARK	TRUSTEE	1.00	Director	$0	$0	$0
ANNE O MCCRORY JD	TRUSTEE/CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP THEODORE L BROOKS SR	TRUSTEE	1.00	Director	$0	$0	$0
F TODD RENZ	TRUSTEE	1.00	Director	$0	$0	$0
FRANKLYN REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
GIOVANNI DUAQUI	TRUSTEE	1.00	Director	$0	$0	$0
HOPE CAHOON	TRUSTEE	1.00	Director	$0	$0	$0
JAMES T OLSON	TRUSTEE	1.00	Director	$0	$0	$0
JANICE SHIELDS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS TAGLIATELA JR	TRUSTEE	1.00	Director	$0	$0	$0
MARC M CAMILLE ED D	PRESIDENT/TRUSTEE	40.00	Officer Director	$482,595	$17,682	$500,277
MAURA HUNTER BYRNE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL MCCRAVEN	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT J LYONS JR	TREASURER/TRUSTEE	1.00	Officer Director	$0	$0	$0
ROSEMARIE DIOS	TRUSTEE	1.00	Director	$0	$0	$0
SISTER ANNE LYTHGOE OP	TRUSTEE	1.00	Director	$0	$0	$0
SISTER CAROL DAVIS OP	TRUSTEE	1.00	Director	$0	$0	$0
SISTER PATRICIA TWOHILL OP	TRUSTEE/VICE CHAIR	1.00	Officer Director	$0	$0	$0
SISTER SUSAN LESLIE OP	TRUSTEE	1.00	Director	$0	$0	$0
SISTER VIRGINIA BRUEN OP	TRUSTEE	1.00	Director	$0	$0	$0
TABITHA W MANAFORT	TRUSTEE	1.00	Director	$0	$0	$0
THEODORE SCHAFFER	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS F FLYNN PH D	TRUSTEE	1.00	Director	$0	$0	$0
TOMOKO TAKAHASHI	TRUSTEE	1.00	Director	$0	$0	$0
LAURI STRIMKOVSKY	VP FOR FINANCE AND ADMINISTRATION	40.00	Officer	$230,140	$23,888	$254,028
ANDREA KOVACS	VP FOR MARKETING AND COMMUNITY RELATION	40.00	Highest	$182,387	$25,546	$207,933
BRIAN FERNANDEZ	VICE PRESIDENT FOR ENROLLMENT MANAGEMENT	40.00	Highest	$189,208	$36,283	$225,491
MARY YOUNG	VP FOR ADVANCEMENT	40.00	Highest	$183,005	$17,058	$200,063
ROSA RIVERA-HAINAJ	VP FOR ACADEMIC AFFAIRSS	40.00	Highest	$204,196	$32,348	$236,544
WILLIAM ANISKOVICH	DEAN OF THE TAGLIATELA SCHOOL PF BUSINESS AND LEAD	40.00	Highest	$237,366	$0	$237,366

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	$62,216,973	$53,558,794	$82,223,346	$8,658,179
2024	$42,723,304	$47,250,170	$81,554,448	$-4,526,866
2023	$48,432,638	$47,155,182	$75,659,174	$1,277,456
2022	$46,097,293	$47,345,230	$71,777,424	$-1,247,937
2021	$43,630,497	$44,568,815	$82,618,879	$-938,318
2020	$39,954,878	$43,502,723	$76,187,703	$-3,547,845
2019	$34,381,728	$39,980,740	$61,150,837	$-5,599,012
2018	$32,422,367	$35,649,469	$55,261,727	$-3,227,102