NEEDHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRANKLIN W OLIN COLLEGE OF ENGINEERING INC, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $40.8M in total revenue in fiscal year 2024. Expenses of $66.2M exceeded revenue, resulting in a 62% operating deficit.
OLIN COLLEGE PREPARES STUDENTS TO BECOME EXEMPLARY ENGINEERING INNOVATORS WHO RECOGNIZE NEEDS, DESIGN SOLUTIONS, AND ENGAGE IN CREATIVE ENTERPRISES FOR THE GOOD OF THE WORLD. OLIN IS DEDICATED TO CONTINUAL DISCOVERY AND DEVELOPMENT OF EFFECTIVE LEARNING APPROACHES AND ENVIRONMENTS, AND TO CO-DEVELOPING EDUCATIONAL TRANSFORMATION WITH COLLABORATORS AROUND THE GLOBE.
FOUNDED IN 1997, FRANKLIN W. OLIN COLLEGE OF ENGINEERING, INC. (OLIN OR THE COLLEGE) IS AN UNDERGRADUATE ENGINEERING INSTITUTION WITH A MISSION TO TRANSFORM ENGINEERING EDUCATION TOWARD A WORLD IN...
FOUNDED IN 1997, FRANKLIN W. OLIN COLLEGE OF ENGINEERING, INC. (OLIN OR THE COLLEGE) IS AN UNDERGRADUATE ENGINEERING INSTITUTION WITH A MISSION TO TRANSFORM ENGINEERING EDUCATION TOWARD A WORLD IN WHICH ENGINEERING SERVES EVERYONE. THE COLLEGE HAS APPROXIMATELY 387 STUDENTS FROM AROUND THE WORLD AND HAS ATTRACTED 1,154 APPLICANTS FOR THE FALL 2025 ENTERING CLASS. OLIN'S INNOVATIVE APPROACH TO ENGINEERING EDUCATION STRESSES PROJECT-BASED, INTERDISCIPLINARY LEARNING AND FOCUSES ON HELPING ENGINEERS UNDERSTAND THE REAL-WORLD IMPACT OF THEIR WORK, AS WELL AS DEVELOP SKILLS TO TACKLE THE WORLD'S MOST IMPORTANT PROBLEMS, AND BE PASSIONATE ABOUT SERVING PEOPLE, SOCIETY, AND THE PLANET. EVERY ADMITTED STUDENT RECEIVES AN EIGHT SEMESTER HALF TUITION MERIT SCHOLARSHIP OVER FOUR YEARS. THE COLLEGE IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION (FORMERLY A PART OF NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES) AND THE COLLEGE'S THREE DEGREE PROGRAMS ARE ACCREDITED BY ABET, THE ACCREDITING ORGANIZATION FOR ENGINEERING PROGRAMS.
OLIN IS COMMITTED TO ADVANCING A VISION OF ENGINEERING FOR EVERYONE THROUGH IMPACT-CENTERED EDUCATION, WHICH FOCUSES NOT ONLY ON PREPARING STUDENTS TO HAVE IMPACT BUT ALSO ON ENGAGING STUDENTS IN...
OLIN IS COMMITTED TO ADVANCING A VISION OF ENGINEERING FOR EVERYONE THROUGH IMPACT-CENTERED EDUCATION, WHICH FOCUSES NOT ONLY ON PREPARING STUDENTS TO HAVE IMPACT BUT ALSO ON ENGAGING STUDENTS IN CREATING AUTHENTIC IMPACT AND IN MAKING THE WORLD A BETTER PLACE. AS PART OF THIS STRATEGY, OLIN ENGAGES IN COLLABORATIVE ACTIVITIES WITH INDUSTRY PARTNERS, COMMUNITY ORGANIZATIONS, AND ACADEMIC INSTITUTIONS AROUND THE WORLD (INCLUDING NEIGHBORING BABSON AND WELLESLEY COLLEGES). OLIN'S EXTERNALLY FACING PROGRAMS INCLUDE FACULTY DEVELOPMENT WORKSHOPS, EDUCATIONAL CONSULTING SERVICES, AND LIFELONG LEARNING EXPERIENCES FOR ALUMNI AND ENGINEERING PROFESSIONALS. THROUGH THESE PROGRAMS AND PARTNERSHIPS, OLIN FULFILLS ITS ASPIRATION TO BE AN IMPORTANT AND CONSTANT CONTRIBUTOR TO THE ADVANCEMENT OF ENGINEERING EDUCATION AND TO DO GOOD FOR HUMANKIND.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $40,842,979 | $38,962,247 | +0.0% |
| Expenses | $66,181,192 | $62,639,905 | +0.1% |
| Net Income | $-25,338,213 | $-23,677,658 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GILDA BARABINO | PRESIDENT/TRUSTEE (EX-OFFICIO) | 50.00 |
Officer
Director
|
$736,571 | $56,391 | $792,962 |
| JEANNIE DIEFENDERFER | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE MILNE JR | VICE CHAIR (UNTIL OCT 2024) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRUCE HERRING | VICE CHAIR (SINCE OCT 2024) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD T ROCA | CLERK (UNTIL OCT 2024) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS WALLACE | CLERK (SINCE OCT 2024) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAIA BITTNER | TRUSTEE (UNTIL OCT 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| AL BUNSHAFT | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| CHEE CHEW | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LEE EDWARDS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT HARRIS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LUKE MORRIS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM B NORDEN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| GILL PRATT | TRUSTEE (SINCE APR 2025) | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL SUTTON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| NATE SMITH | TRUSTEE (SINCE JULY 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| ALYSON GOODROW | CHIEF MARKETING & COMM. OFFICER | 50.00 |
Officer
|
$178,571 | $13,946 | $192,517 |
| DONNA GOLEMME | VP FOR FINANCE & ADMINISTRATION | 50.00 |
Officer
|
$329,721 | $54,468 | $384,189 |
| NICHOLAS MACKE | CHIEF HR OFFICER | 50.00 |
Officer
|
$194,003 | $29,903 | $223,906 |
| ALBERT SACCO JR | CHIEF ACADMEIC OFFICER & PROVOST | 50.00 |
Officer
|
$452,880 | $27,036 | $479,916 |
| LAUREN TAAFFE | VICE PRESIDENT & CHIEF OF STAFF | 50.00 |
Officer
|
$225,356 | $17,471 | $242,827 |
| CHRISTOPHER LEE | ASSOCIATE DEAN | 50.00 |
Highest
|
$189,021 | $54,608 | $243,629 |
| RICHARD OSTERBERG | CHIEF INFORMATION OFFICER | 50.00 |
Highest
|
$198,149 | $30,718 | $228,867 |
| JENNIFER EDMONDS | ASSOCIATE VP FOR FINANCE/CONTROLLER | 50.00 |
Highest
|
$186,852 | $57,552 | $244,404 |
| ROBERT MARTELLO | PROFESSOR | 50.00 |
Highest
|
$179,598 | $48,837 | $228,435 |
| CHARLES JASON WOODARD | PROFESSOR | 50.00 |
Highest
|
$171,987 | $50,959 | $222,946 |
| ALISHA SARANG-SIEMINSKI | FORMER DEAN OF THE COLLEGE | 50.00 |
|
$218,233 | $19,052 | $237,285 |
| JESSICA TOWNSEND | FORMER INTERIM ACAD VP FOR EXT ENG | 50.00 |
|
$203,914 | $43,528 | $247,442 |
| JEREMY GOODMAN | FMR. VP ADMIN SERVICES & INNOVATION | 50.00 |
|
$171,077 | $18,048 | $189,125 |
| MARK SOMERVILLE | FORMER PROVOST | 50.00 |
|
$122,045 | $35,888 | $157,933 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $40,842,979 | $66,181,192 | $511,011,583 | $-25,338,213 |
| 2024 | $38,962,247 | $62,639,905 | $500,657,439 | $-23,677,658 |
| 2023 | $32,983,159 | $59,796,651 | $487,410,086 | $-26,813,492 |
| 2022 | $40,612,767 | $57,804,167 | $496,793,977 | $-17,191,400 |
| 2021 | $38,091,225 | $55,042,896 | $541,438,077 | $-16,951,671 |
| 2020 | $37,180,553 | $55,527,397 | $461,193,357 | $-18,346,844 |
| 2019 | $35,158,267 | $54,202,251 | $478,512,867 | $-19,043,984 |
| 2018 | $38,110,679 | $53,522,914 | $479,648,629 | $-15,412,235 |
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