SKIDMORE 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

1903

Legal Domicile

Principal Officer

MARC C CONNER

Phone

5185805000

Tax Period

2024-06-01 to 2025-05-31

SKIDMORE COLLEGE, founded in 1903, is a major nonprofit in the Education sector that reported $286.9M in total revenue in fiscal year 2024. Expenses of $268.2M left a modest 7% surplus.

Mission

THE EDUCATION OF PREDOMINANTLY FULL-TIME UNDERGRADUATES, A DIVERSE POPULATION OF TALENTED STUDENTS WHO ARE EAGER TO ENGAGE ACTIVELY IN THE LEARNING PROCESS. THE COLLEGE SEEKS TO PREPARE LIBERALLY EDUCATED GRADUATES TO CONTINUE THEIR QUEST FOR KNOWLEDGE AND TO MAKE THE CHOICES REQUIRED OF INFORMED, RESPONSIBLE CITIZENS. SKIDMORE FACULTY AND STAFF CREATE A CHALLENGING YET SUPPORTIVE ENVIRONMENT THAT CULTIVATES STUDENTS' INTELLECTUAL AND PERSONAL EXCELLENCE, ENCOURAGING THEM TO EXPAND THEIR EXPECTATIONS OF THEMSELVES WHILE THEY ENRICH THEIR ACADEMIC UNDERSTANDING.

Program Service Accomplishments

Program 1

Expenses: $58,745,173 Revenue: $180,380,144

INSTRUCTION AND RESEARCH: INCLUDES ALL EXPENSES FOR ALL ACTIVITIES THAT ARE A PART OF THE COLLEGE'S INSTRUCTIONAL PROGRAM. THE COLLEGE PROVIDES LIBERAL ARTS EDUCATION TO APPROXIMATELY 2700 STUDENTS...

Program 2

Expenses: $77,175,000 Revenue: $8,626

STUDENT AID: INCLUDES EXPENSES FOR SCHOLARSHIPS IN THE FORM OF GRANTS TO STUDENTS, RESULTING FROM SELECTION BY THE INSTITUTION FROM A NEEDS-BASED PROGRAM. CURRENTLY, APPROXIMATELY 54.6% OF SKIDMORE STUDENTS ARE RECEIVING SCHOLARSHIPS, GRANTS, LOANS, AND/OR WORK AWARDS WHICH ARE OFFERED SINGLY OR IN VARIOUS COMBINATIONS.

Program 3

Expenses: $28,729,161

INSTITUTIONAL SUPPORT: INCLUDES EXPENSES FOR CENTRAL ADMINISTRATIVE LEVEL ACTIVITIES CONCERNED WITH MANAGEMENT OF THE ENTIRE INSTITUTION. ORGANIZATIONAL UNITS INCLUDE FISCAL OPERATIONS, PLANNING AND...

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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 $27,822,530

Program Service Revenue $229,644,795

Investment Income $29,082,739

Other Revenue $396,012

TOTAL REVENUE $286,946,076

Expense Breakdown

Grants Paid $77,224,000

Salaries & Benefits $114,477,086

Fundraising Expenses $6,580,516

Program Expenses $225,630,113

Other Expenses $76,456,800

TOTAL EXPENSES $268,157,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,946,076	$292,647,632	0.0%
Expenses	$268,157,886	$262,713,031	+0.0%
Net Income	$18,788,190	$29,934,601	-0.4%

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

3195

Volunteers

1327

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

$3,400,286

Total Directors

$790,429

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC CONNER	PRESIDENT	35.00	Officer Director	$664,356	$126,073	$790,429
DANIEL KONSTALID	VP FINANCE & ADMIN, TREASURER	35.00	Officer	$332,447	$58,108	$390,555
DOROTHY KNIGHT-MOSBY	DEAN & VP FOR ACADEMIC AFFAIRS	35.00	Officer	$321,969	$35,600	$357,569
CAREY ANNE ZUCCA	VP FOR ADVANCEMENT	35.00	Officer	$298,372	$58,841	$357,213
JOSHUA WOODFORK	VP STRATEGIC PLAN/INST DEVELOPMENT	35.00	Officer	$300,054	$43,881	$343,935
ADRIAN BAUTISTA	VP/DEAN STUDENT AFFAIRS	35.00	Officer	$275,947	$46,123	$322,070
MICHAEL ORR	PROFESSOR	35.00		$244,727	$47,656	$292,383
SARAH VERO	VP HR/GENERAL COUNSEL	35.00	Officer	$239,113	$53,209	$292,322
JESSICA RICKER	VP ENROLLMENT/DEAN ADMISSIONS & FIN	35.00	Officer	$228,042	$51,126	$279,168
ELIZABETH STAUDERMAN	VP COMMUNICATIONS AND MARKETING	35.00	Officer	$230,024	$37,001	$267,025
WILLIAM BRESLIN	PROFESSOR	35.00		$212,067	$45,122	$257,189
GAIL CUMMINGS-DANSON	AVP STUDENT AFFAIRS/DIR ATHLETICS	35.00		$191,844	$47,459	$239,303
ROBERT BOYERS	PROFESSOR	35.00	Highest	$204,206	$21,848	$226,054
BERNARD POSSIDENTE	PROFESSOR	35.00	Highest	$216,755	$0	$216,755
LORI EASTMAN	ASSOCIATE VP FOR ADVANCEMENT	35.00	Highest	$184,453	$29,778	$214,231
JOHN CHAPLIN	DIRECTOR OF PRINCIPAL GIFTS	35.00		$159,566	$43,668	$203,234
WINSTON GRADY-WILLIS	PROFESSOR	35.00	Highest	$177,030	$20,131	$197,161
PUSHKALA PRASAD	PROFESSOR	35.00	Highest	$189,321	$0	$189,321
SHELDON SOLOMON	PROFESSOR	35.00		$157,161	$31,329	$188,490
JONATHAN ACHENBAUM	TRUSTEE	3.00	Director	$0	$0	$0
DANIEL ALLEN	TRUSTEE	3.00	Director	$0	$0	$0
SUSAN GOTTLIEB BECKERMAN	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM CALEO	TRUSTEE	3.00	Director	$0	$0	$0
MOLLY DYSON-SCHWERY	TRUSTEE	3.00	Director	$0	$0	$0
JUDY EISNNER	TRUSTEE	3.00	Director	$0	$0	$0
ALAN GILBERT	TRUSTEE	3.00	Director	$0	$0	$0
KATHRYN HERBST	TRUSTEE	3.00	Director	$0	$0	$0
ANDREW HUGHES	TRUSTEE	3.00	Director	$0	$0	$0
MAXINE ISAACS	TRUSTEE	3.00	Director	$0	$0	$0
DAVID LEVINE	TRUSTEE	3.00	Director	$0	$0	$0
JEFFREY MARON	TRUSTEE	3.00	Director	$0	$0	$0
KATHERINE POHLAD MCMILLAN	TRUSTEE	3.00	Director	$0	$0	$0
BARBARA KAHN MOLLER	TRUSTEE	3.00	Director	$0	$0	$0
JONATHAN BRESTROFF PARKER	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT RESNICK	TRUSTEE	3.00	Director	$0	$0	$0
KENNETH RUSCIO	TRUSTEE	3.00	Director	$0	$0	$0
ANNE SCHAPPS SCHAFFER	TRUSTEE	3.00	Director	$0	$0	$0
NIGEL SMITH	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT WYCKOFF	TRUSTEE	3.00	Director	$0	$0	$0
KIM ROY TOFALLI	TRUSTEE	3.00	Director	$0	$0	$0
HANNAH TRAORE	TRUSTEE	3.00	Director	$0	$0	$0
JULIANNE CARTWRIGHT TRAYLOR	TRUSTEE	3.00	Director	$0	$0	$0
MARGARET VALENTINE	TRUSTEE	3.00	Director	$0	$0	$0
ARGYRIS VASSILIOU	TRUSTEE	3.00	Director	$0	$0	$0
KIM WACHENHEIM WAGMAN	TRUSTEE	3.00	Director	$0	$0	$0
WINNIE WAN	TRUSTEE	3.00	Director	$0	$0	$0
WENDY WILSON	TRUSTEE	3.00	Director	$0	$0	$0
JAMES ZANKEL	TRUSTEE	3.00	Director	$0	$0	$0
NANCY HAMILTON	BOARD CHAIR	10.00	Officer 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	$286,946,076	$268,157,886	$1,073,469,922	$18,788,190
2024	$292,647,632	$262,713,031	$1,047,776,018	$29,934,601
2023	$269,416,859	$246,552,284	$973,831,106	$22,864,575
2022	$268,742,242	$229,279,348	$987,033,808	$39,462,894
2021	$226,382,858	$206,984,049	$1,020,080,435	$19,398,809
2020	$241,450,091	$214,496,097	$826,455,911	$26,953,994
2019	$241,973,208	$214,903,408	$827,574,391	$27,069,800
2018	$243,998,217	$206,320,093	$817,071,712	$37,678,124