FRANKLIN W OLIN COLLEGE OF ENGINEERING INC (EIN 061519057) - 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

1997

Legal Domicile

Principal Officer

R MAY LEE

Phone

7812922300

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

HIGHLY SELECTIVE FOUR-YEAR UNDERGRADUATE ENGINEERING COLLEGE WITH A UNIQUE INTERDISCIPLINARY, PROJECT-BASED CURRICULUM EMPHASIZING ENTREPRENEURSHIP, LIBERAL ARTS, AND RIGOROUS SCIENCE AND ENGINEERING FUNDAMENTALS.

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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 $2,666,248

Program Service Revenue $31,959,200

Investment Income $4,669,229

Other Revenue $1,548,302

TOTAL REVENUE $40,842,979

Expense Breakdown

Grants Paid $17,064,393

Salaries & Benefits $21,930,947

Fundraising Expenses $1,276,685

Program Expenses $51,915,496

Other Expenses $27,185,852

TOTAL EXPENSES $66,181,192

Year-over-Year Comparison

	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%

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

456

Volunteers

157

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

$2,316,317

Total Directors

$792,962

Key Employees

Highest Compensated

reported

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

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	$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

FRANKLIN W OLIN COLLEGE OF ENGINEERING INC