Mount Saint Mary 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

1960

Legal Domicile

Phone

8455610800

Tax Period

2024-07-01 to 2025-06-30

Mount Saint Mary College, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $75.7M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

As reflected in its motto "Doce Me Veritatem" (Teach me the Truth), Mount Saint Mary College is an independent, coeducational institution committed to providing students with a liberal arts education to prepare them for lives of leadership and service. Through a variety of majors and professional programs, students are also prepared for career entry or graduate and professional studies. Consistent with Judeo-Christian values and the Dominican tradition of education that values the inherent worth of the individual, the mission of Mount Saint Mary College is to create an environment which fosters close student-faculty interaction that enables students to reach their full potential as lifelong learners. Mount Saint Mary College strives to provide a stimulating environment that promotes the intellectual and personal growth of undergraduate, graduate and continuing education students.

Program Service Accomplishments

Program 1

Expenses: $51,631,321 Revenue: $49,455,847

MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,986 FULL AND PART TIME STUDENTS, REPRESENTING OVER 22 STATES AND 27...

MOUNT SAINT MARY COLLEGE, A HIGHER EDUCATION INSTITUTION, PROVIDES UNDERGRADUATE AND GRADUATE EDUCATION FOR APPROXIMATELY 2,986 FULL AND PART TIME STUDENTS, REPRESENTING OVER 22 STATES AND 27 COUNTRIES.

Program 2

Expenses: $13,732,567 Revenue: $5,922,337

ROOM AND BOARD: THE COLLEGE SEEKS TO OFFER OUR STUDENTS INCLUSIVE COMMUNITIES, SOCIAL, AND EDUCATIONAL OPPORTUNITIES, AND SAFE AND WELL-MAINTAINED RESIDENCE FACILITIES. ALL OF OUR RESIDENCE HALLS ARE NEWLY BUILT OR RECENTLY RENOVATED. APPROXIMATELY 320 STUDENTS CALL OUR RESIDENCE HALLS HOME.

Program 3

Expenses: $2,117,653 Revenue: $1,878,734

BISHOP DUNN MEMORIAL SCHOOL: ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY...

BISHOP DUNN MEMORIAL SCHOOL: ELEMENTARY SCHOOL OPERATIONS, AN ADJUNCT FACILITY ON THE MOUNT SAINT MARY COLLEGE CAMPUS, WHERE THE MOUNT'S EDUCATION STUDENTS ASSIST AND OBSERVE IN TEACHING, AND MAY COMPLETE FIELD WORK. THIS ON-CAMPUS SCHOOL IS A COMBINED ELEMENTARY SCHOOL AND MIDDLE SCHOOL FOR PRE-K THROUGH GRADE 8 STUDENTS. IT OFFERS A VARIETY OF PROGRAMS, INCLUDING ENRICHMENT FOR HONORS STUDENTS, SPECIAL EDUCATION, VIRTUAL FIELD TRIPS AND OTHER CREATIVE USES OF TECHNOLOGY. INDIVIDUALLY GIFTED PROGRAMS, ON BOTH PRIMARY AND MIDDLE LEVELS, ARE CONDUCTED HERE, AS WELL AS CLASSES FOR CHILDREN WITH LEARNING DISABILITIES.

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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 $4,555,558

Program Service Revenue $58,479,739

Investment Income $654,387

Other Revenue $12,005,957

TOTAL REVENUE $75,695,641

Expense Breakdown

Grants Paid $21,476,703

Salaries & Benefits $28,480,112

Fundraising Expenses $603,964

Program Expenses $67,481,541

Other Expenses $27,530,504

TOTAL EXPENSES $77,487,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,695,641	$86,163,480	-0.1%
Expenses	$77,487,319	$80,555,688	0.0%
Net Income	$-1,791,678	$5,607,792	-1.3%

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

795

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

$928,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ludwig H Bach	Chair	6.0	Officer Director	$0	$0	$0
Philip DeAngelo	Vice Chair	10.0	Officer Director	$0	$0	$0
Anne Marie Murray PhD	Board Member	3.0	Director	$0	$0	$0
Beth Jennings	Board Member	1.0	Director	$0	$0	$0
Christina Bart Bilsky	Board Member	10.0	Director	$0	$0	$0
Christofer Guarino	Board Member	1.0	Director	$0	$0	$0
Claude D'Alessandro	Board Member	1.0	Director	$0	$0	$0
Jake Kosack	Board Member	1.0	Director	$0	$0	$0
Jeremy Smith	Board Member	2.0	Director	$0	$0	$0
Jonathan H Gatsik	Board Member	2.0	Director	$0	$0	$0
Liam O'Brien Esq	Board Member (through Sept 2024)	1.0	Director	$0	$0	$0
Michael Horodyski	Board Member	5.0	Director	$0	$0	$0
Sister Constance Kelly OP '95	Board Member	1.5	Director	$0	$0	$0
Sister Constance Koch OP '71	Board Member	2.0	Director	$0	$0	$0
Sister Patricia Magee OP 88	Board Member	2.0	Director	$0	$0	$0
Sister Patricia Sullivan OP	Board Member	1.0	Director	$0	$0	$0
Sr Catherine McDonnell OP	Board Member	6.0	Director	$0	$0	$0
Stephen McCarthy	Board Member	1.0	Director	$0	$0	$0
Valerie Bryant	Board Member	1.0	Director	$0	$0	$0
William Fioravanti	Board Member	3.0	Director	$0	$0	$0
Arthur D Glass MBA CPA	Vice President for Finance & Administration (through Oct 2024)	35.0	Officer	$239,913	$12,911	$252,824
Brian Moore	Executive Director of College Operations	35.0	Officer	$117,336	$6,614	$123,950
Dr Robert Gervasi	President	35.0	Officer	$187,327	$33,626	$220,953
Evan Merkhofer	Interim Vice President for Academic Affairs	35.0	Officer	$161,317	$34,426	$195,743
Susan Shea	Chief Financial Officer	35.0	Officer	$127,662	$7,238	$134,900
Elaine A O'Grady MBA	Vice President for Students	35.0	Highest	$181,063	$9,753	$190,816
Kelly Walsh	Chief Information and Security Officer	35.0	Highest	$184,589	$900	$185,489
Kimberly Strano	Vice President of Enrollment Management	35.0	Highest	$155,216	$8,606	$163,822
Marilyn Lashlee	Interim Dean of Nursing	35.0	Highest	$134,173	$26,889	$161,062
Nidhi Khurana-Baugh	Vice President Advancement	35.0	Highest	$162,370	$34,475	$196,845
Fr Gregoire Fluet	Former Interim President	35.0		$127,720	$15,838	$143,558
Tiffany Gagliano	Former Chief of Staff	0.0		$195,675	$10,294	$205,969

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	$75,695,641	$77,487,319	$161,030,971	$-1,791,678
2024	$86,163,480	$80,555,688	$175,053,841	$5,607,792
2023	$80,826,221	$80,803,480	$181,995,919	$22,741
2022	$69,539,396	$75,548,934	$192,615,143	$-6,009,538
2021	$87,358,285	$80,848,398	$218,302,494	$6,509,887
2020	$81,437,175	$83,262,815	$205,914,688	$-1,825,640
2019	$81,360,197	$82,022,049	$214,172,836	$-661,852
2018	$81,324,528	$79,834,766	$215,135,461	$1,489,762