CONNECTICUT COLLEGE

🔒

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

Financial Trends

Organization Details

Formation Year

1911

Legal Domicile

Principal Officer

ANDREA CHAPDELAINE

Phone

8604392088

Tax Period

2023-07-01 to 2024-06-30

CONNECTICUT COLLEGE, founded in 1911, is a major nonprofit in the Education sector that reported $191.8M in total revenue in fiscal year 2023. Net assets of $586.5M represent 37 months of operating reserves.

Mission

CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS OF A GLOBAL SOCIETY. FOR ADDITIONAL INFORMATION, SEE SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $136,051,000 Revenue: $121,532,000

*UNDERGRADUATE INSTRUCTION*THE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE...

*UNDERGRADUATE INSTRUCTION*THE TEACHING OF UNDERGRADUATE STUDENTS WORKING TOWARDS A FOUR-YEAR DEGREE IN ONE OF THE VARIOUS LIBERAL ARTS AND SCIENCES MAJORS OFFERED BY CONNECTICUT COLLEGE. THE COLLEGE'S ACADEMIC PROGRAMS IN THE ARTS, HUMANITIES, SCIENCES, AND SOCIAL SCIENCES ARE DESIGNED TO SHAPE ETHICAL, INFORMED CITIZENS WITH A GLOBAL PERSPECTIVE. HIGHLIGHTS OF THE ACADEMIC PROGRAM INCLUDE A STUDENT-FACULTY RATIO OF 9:1, FORTY-FIVE MAJORS, APPROXIMATELY 187 FULL-TIME PROFESSORS, LANGUAGE STUDY, RESIDENTIAL EDUCATION PROGRAMS, CERTIFICATE PROGRAMS, PRE-LAW, PRE-HEALTH AND PRE-BUSINESS PROGRAMS, AND SUPPORT FOR PURSUING FELLOWSHIPS AND SCHOLARSHIPS.

Program 2

Expenses: $27,495,000 Revenue: $31,730,000

*AUXILIARY SERVICES*AUXILIARY SERVICES INVOLVES RUNNING THE COLLEGE'S NUMBEROUS DORMITORIES AND DINING FACILITIES. CONNECTICUT COLLEGE IS A RESIDENTIAL CAMPUS. NINETY-EIGHT PERCENT OF STUDENTS LIVE ON CAMPUS IN 23 RESIDENCE HALLS. FOUR DINING HALLS ON CAMPUS SERVE OUR STUDENTS IN A VARIETY OF CAPACITIES. THE COLLEGE EXTENDS THE TEACHING AND LEARNING EXPERIENCE WITHIN THE DORMITORIES.

Program 3

Expenses: $3,468,000 Revenue: $5,927,000

*STUDY AWAY*IS AN OPPORTUNITY FOR QUALIFIED STUDENTS TO STUDY AWAY FOR CREDIT ABROAD OR ELSEWHERE IN THE US. THE COLLEGE HAS A LONG TRADITION OF RECOGNIZING THE IMPORTANCE OF INT'L STUDIES AND STUDY AWAY AS REFLECTED IN OUR MISSION STATEMENT: "CONNECTICUT COLLEGE EDUCATES STUDENTS TO PUT THE LIBERAL ARTS INTO ACTION AS CITIZENS IN A GLOBAL SOCIETY". APPROXIMATELY 50% OF THE COLLEGE'S STUDENTS STUDY AWAY DURING THEIR JUNIOR YEAR THROUGH CAREFULLY SELECTED PROGRAMS. OUR STUDY AWAY/TEACH AWAY TYPICALLY SENDS 10-12 STUDENTS AND FACULTY TO HOST INSTITUTIONS THROUGHOUT THE WORLD TO COMPLETE A FULL SEMESTER OF SCHOLARLY ACTIVITY WHILE BEING IMMERSED IN THE LOCAL CULTURE.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $26,110,000

Program Service Revenue $162,608,000

Investment Income $2,450,000

Other Revenue $617,000

TOTAL REVENUE $191,785,000

Expense Breakdown

Grants Paid $72,315,000

Salaries & Benefits $70,071,000

Fundraising Expenses $6,021,000

Program Expenses $169,731,000

Other Expenses $57,237,000

TOTAL EXPENSES $199,623,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,785,000	$182,064,000	+0.1%
Expenses	$199,623,000	$192,049,000	+0.0%
Net Income	$-7,838,000	$-9,985,000	-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

Governance

Voting Members

Independent Members

Employees

1951

Volunteers

975

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

$648,090

Total Directors

$250,559

Key Employees

$237,003

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE E WONG	INTERIM PRESIDENT	38.00	Officer Director	$203,337	$47,222	$250,559
DEBO P ADEGBILE	TRUSTEE	1.00	Director	$0	$0	$0
SETH W ALVORD	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA ARCHIBALD	TRUSTEE	1.00	Director	$0	$0	$0
BETTY BROWN BIBBINS	TRUSTEE	1.00	Director	$0	$0	$0
MARIA WYCOFF BOYCE	TRUSTEE	1.00	Director	$0	$0	$0
ETHAN W BROWN	TRUSTEE	1.00	Director	$0	$0	$0
ISAAC H CLOTHIER	TRUSTEE	1.00	Director	$0	$0	$0
LOULIE SUTRO CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE B DAMON III	TRUSTEE	1.00	Director	$0	$0	$0
MARK D FALLON	TRUSTEE	1.00	Director	$0	$0	$0
MARISA G FARINA	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY J GIGLIOTTI	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH E GONZALEZ	TRUSTEE	1.00	Director	$0	$0	$0
KIM-AN HERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN W JACOBSON	TRUSTEE	1.00	Director	$0	$0	$0
SAMIRAH JAIGIRDAR	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN A KRANE	TRUSTEE	1.00	Director	$0	$0	$0
SYDNEY L LAMB	TRUSTEE	1.00	Director	$0	$0	$0
JOHN D LINEHAN	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN D MCBRIDE	TRUSTEE	1.00	Director	$0	$0	$0
SARAH A MUDHO	TRUSTEE	1.00	Director	$0	$0	$0
DEVON DANZ PRESTON	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE ROSEN	TRUSTEE	1.00	Director	$0	$0	$0
PETER D SKAPERDAS	TRUSTEE	1.00	Director	$0	$0	$0
DWAYNE C STALLINGS	TRUSTEE	1.00	Director	$0	$0	$0
DIANE E STRATTON	TRUSTEE	1.00	Director	$0	$0	$0
MAARTEN D TERRY	TRUSTEE	1.00	Director	$0	$0	$0
RAJNEESH VIG	TRUSTEE	1.00	Director	$0	$0	$0
JOHN S ZEILER	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE EGAN	DEAN OF FACULTY	38.00	Officer	$223,431	$68,293	$291,724
LAUREN MIDDLETON	SECRETARY OF THE COLLEGE	38.00	Officer	$72,238	$33,569	$105,807
ANDREW K STRICKLER	VP ADMISSIONS	38.00	Key Emp	$201,090	$35,913	$237,003
REGINALD WHITE	VP HR AND ORG. DEVELOPMENT	38.00	Highest	$282,533	$36,630	$319,163
KIMBERLY M VERSTANDIG	VP ADVANCEMENT (THRU 09/2023)	38.00	Highest	$232,471	$50,168	$282,639
WENDELL L HISLE	VP INFORMATION SERVICES	38.00	Highest	$218,141	$54,150	$272,291
JOHN CRAMER	VP MARKETING AND COMMUNICATIONS	38.00	Highest	$212,980	$56,519	$269,499
JUSTIN WOLFRADT	EXEC DIR FACILITIES MGMT PLAN	38.00	Highest	$247,123	$17,940	$265,063
KATHERINE BERGERON	FORMER PRESIDENT	38.00		$699,100	$59,613	$758,713
JEFFREY E COLE	FORMER DEAN OF THE FACULTY / PROF.	38.00		$183,617	$52,239	$235,856

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	$191,785,000	$199,623,000	$754,976,000	$-7,838,000
2023	$182,064,000	$192,049,000	$708,591,000	$-9,985,000
2022	$177,566,000	$178,385,000	$681,892,000	$-819,000
2021	$170,926,000	$154,100,000	$654,429,000	$16,826,000
2020	$152,696,000	$163,918,000	$512,927,000	$-11,222,000
2019	$157,455,000	$157,740,000	$520,395,000	$-285,000
2018	$169,920,000	$158,906,000	$508,642,000	$11,014,000