CULINARY INSTITUTE OF AMERICA (EIN 060653264) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

MICHIEL BAKKER

Phone

8454511478

Tax Period

2024-06-01 to 2025-05-31

CULINARY INSTITUTE OF AMERICA, founded in 1946, is a major nonprofit in the Education sector that reported $223.9M in total revenue in fiscal year 2024. Expenses of $212.9M left a modest 5% surplus.

Mission

THE CULINARY INSTITUTE OF AMERICA IS A PRIVATE, NOT-FOR-PROFIT COLLEGE DEDICATED TO BETTERING THE NATION AND THE WORLD, BY MEANS OF OUTSTANDING EDUCATION, PRACTICE, AND SCHOLARSHIP ON ALL ASPECTS OF FOOD AND THE ENTERPRISES RELATED TO IT. THROUGH TRANSFORMATIVE LEARNING EXPERIENCE, THE CIA PREPARES FOOD LEADERS, INNOVATORS AND EXPERTS FOR PERSONAL AND PROFESSIONAL SUCCESS.

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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 $15,417,378

Program Service Revenue $208,384,758

Investment Income $130,306

Other Revenue $-59,430

TOTAL REVENUE $223,873,012

Expense Breakdown

Grants Paid $45,599,006

Salaries & Benefits $81,251,753

Fundraising Expenses $3,391,983

Program Expenses $176,440,520

Other Expenses $86,076,554

TOTAL EXPENSES $212,927,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,873,012	$213,847,676	+0.0%
Expenses	$212,927,313	$198,702,515	+0.1%
Net Income	$10,945,699	$15,145,161	-0.3%

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

1169

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

$1,694,435

Total Directors

Key Employees

$1,966,462

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE T RYAN	CHANCELLOR	40	Highest	$927,558	$222,470	$1,150,028
MARK ERICKSON	PROVOST	40	Officer	$528,470	$121,292	$649,762
MICHIEL BAKKER	PRESIDENT	40	Officer	$465,955	$61,856	$527,811
MARIA KRUPIN	VICE PRESIDENT-FINANCE	40	Officer	$409,399	$107,463	$516,862
DANIEL VINH	VICE PRESIDENT-MARKETING AND STRATEGY	40	Highest	$336,660	$103,807	$440,467
GENEVIEVE S FELDER	MANAGING DIRECTOR OF SINGAPORE	40	Highest	$347,120	$68,411	$415,531
MICHAEL SPERLING	VICE PRESIDENT-ACADEMIC AFFAIRS	40	Key Emp	$312,377	$96,881	$409,258
WILLIAM REIDY	VICE PRESIDENT-ADVANCEMENT	40	Key Emp	$294,558	$92,020	$386,578
RACHEL BIRCHWOOD	VICE PRESIDENT-ENROLLMENT MANAGEMENT	40	Highest	$278,846	$68,056	$346,902
HERMAN TIETJEN	ASSOCIATE VP- CHIEF OF STAFF	40	Highest	$249,526	$72,564	$322,090
SUSAN CUSSEN	ASSOCIATE VP- BRANCH CAMPUSES	40	Key Emp	$270,538	$49,803	$320,341
KATHLEEN MERGET	ASSOCIATE VP AND DEAN OF STUDENT AFFAIRS	40	Key Emp	$242,725	$63,664	$306,389
THOMAS BENSEL	MANAGING DIRECTOR OF GREYSTONE	40	Key Emp	$223,607	$63,395	$287,002
ADAM BUSBY	GENERAL MANAGER OF GREYSTONE	40	Key Emp	$193,467	$63,427	$256,894
ALICE ELIOT	TRUSTEE	1.15	Director	$0	$0	$0
NICOLE MILLER REGAN	TRUSTEE	1.15	Director	$0	$0	$0
ANNE FINK	VICE CHAIRMAN	1.15	Officer Director	$0	$0	$0
JOHN C METZ	TRUSTEE	1.15	Director	$0	$0	$0
SHEP GORDON	TRUSTEE	1.15	Director	$0	$0	$0
MARK SARAZIN	CHAIRMAN	1.15	Officer Director	$0	$0	$0
MICHAEL MINA	TRUSTEE	1.15	Director	$0	$0	$0
PHILIP JONES	TREASURER	1.15	Officer Director	$0	$0	$0
RALPH BRENNAN	TRUSTEE	1.15	Director	$0	$0	$0
RAYMOND BICKSON	TRUSTEE	1.15	Director	$0	$0	$0
NOAH GLASS	TRUSTEE	1.15	Director	$0	$0	$0
J RILEY LAGESEN	TRUSTEE	1.15	Director	$0	$0	$0
BOB UNANUE	TRUSTEE	1.15	Director	$0	$0	$0
TED RICH	TRUSTEE	1.15	Director	$0	$0	$0
STANLEY CHENG	TRUSTEE	1.15	Director	$0	$0	$0
CLARICE TURNER	TRUSTEE	1.15	Director	$0	$0	$0
CLAUDIA SCHUBERT	TRUSTEE	1.15	Director	$0	$0	$0
CARLTON MCCOY	TRUSTEE	1.15	Director	$0	$0	$0
MARC HOFFMAN	TRUSTEE	1.15	Director	$0	$0	$0
REGYNALD WASHINGTON	SECRETARY	1.15	Officer Director	$0	$0	$0
MANEET CHAUHAN	TRUSTEE	1.15	Director	$0	$0	$0
BRIDGET MCCALL	TRUSTEE	1.15	Director	$0	$0	$0
ARASH AZARBARZIN	TRUSTEE	1.15	Director	$0	$0	$0
KYLE CONNAUGHTON	TRUSTEE	1.15	Director	$0	$0	$0
ADAM CROCINI	TRUSTEE	1.15	Director	$0	$0	$0
JOYCE BROWN TERM ENDS 10-2024	TRUSTEE	1.15	Director	$0	$0	$0

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	$223,873,012	$212,927,313	$573,397,666	$10,945,699
2024	$213,847,676	$198,702,515	$554,154,060	$15,145,161
2023	$225,789,915	$209,604,167	$519,621,300	$16,185,748
2022	$176,113,234	$171,859,636	$494,772,058	$4,253,598
2021	$144,829,552	$145,874,433	$499,594,965	$-1,044,881
2020	$156,431,588	$171,126,400	$477,488,015	$-14,694,812
2019	$190,140,710	$177,778,600	$496,860,889	$12,362,110
2018	$172,057,835	$173,716,895	$471,386,319	$-1,659,060

CULINARY INSTITUTE OF AMERICA