COLGATE UNIVERSITY

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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

1819

Legal Domicile

Principal Officer

BRIAN W CASEY

Phone

3152287422

Tax Period

2024-07-01 to 2025-06-30

COLGATE UNIVERSITY, founded in 1819, is a major nonprofit in the Education sector that reported $490.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136.5M, a strong 28% operating margin.

Mission

COLGATE UNIVERSITY'S MISSION IS TO PROVIDE A DEMANDING, EXPANSIVE EDUCATIONAL EXPERIENCE TO A SELECT GROUP OF DIVERSE, TALENTED, INTELLECTUALLY SOPHISTICATED STUDENTS WHO ARE CAPABLE OF CHALLENGING THEMSELVES, THEIR PEERS AND THEIR TEACHERS IN A SETTING THAT BRINGS TOGETHER LIVING AND LEARNING. THE EDUCATIONAL MISSION OF THE UNIVERSITY IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL THINKERS AND PERCEPTIVE LEADERS BY ENCOURAGING YOUNG MEN AND WOMEN TO FULFILL THEIR POTENTIAL THROUGH RESIDENCE IN A COMMUNITY THAT VALUES ALL FORMS OF INTELLECTUAL RIGOR AND RESPECTS THE COMPLEXITY OF HUMAN UNDERSTANDING.

Program Service Accomplishments

Program 1

Expenses: $309,309,884 Revenue: $278,500,886

TO PROVIDE A WORLD-CLASS AND DEMANDING UNDERGRADUATE EDUCATIONAL EXPERIENCE FOR A TALENTED AND DIVERSE GROUP OF APPROXIMATELY 3,000 STUDENTS. THE PURPOSE IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL...

TO PROVIDE A WORLD-CLASS AND DEMANDING UNDERGRADUATE EDUCATIONAL EXPERIENCE FOR A TALENTED AND DIVERSE GROUP OF APPROXIMATELY 3,000 STUDENTS. THE PURPOSE IS TO DEVELOP WISE, THOUGHTFUL, CRITICAL THINKERS AND PERCEPTIVE LEADERS BY ENCOURAGING YOUNG MEN AND WOMEN TO FULFILL THEIR POTENTIAL THROUGH RESIDENCE IN A COMMUNITY THAT VALUES ALL FORMS OF INTELLECTUAL RIGOR AND RESPECTS THE COMPLEXITY OF HUMAN UNDERSTANDING.

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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 $122,932,260

Program Service Revenue $278,500,886

Investment Income $87,847,850

Other Revenue $1,368,351

TOTAL REVENUE $490,649,347

Expense Breakdown

Grants Paid $92,384,204

Salaries & Benefits $149,187,654

Fundraising Expenses $12,736,317

Program Expenses $309,309,884

Other Expenses $112,586,129

TOTAL EXPENSES $354,157,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,649,347	$407,300,710	+0.2%
Expenses	$354,157,987	$337,796,200	+0.0%
Net Income	$136,491,360	$69,504,510	+1.0%

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

3336

Volunteers

2000

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

$2,544,679

Total Directors

$1,420,097

Key Employees

$3,510,820

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN W CASEY	PRESIDENT	60.00	Officer Director	$1,299,445	$120,652	$1,420,097
THOMAS S BOZZUTO JR	CHAIR	10.00	Director	$0	$0	$0
CHRISTINE J CHAO	VICE CHAIR	6.00	Director	$0	$0	$0
JOSEPH P MCGRATH JR	VICE CHAIR	5.00	Director	$0	$0	$0
MICHELE ALEXANDRE	TRUSTEE	3.00	Director	$0	$0	$0
ERIC ANDERSEN	TRUSTEE	3.00	Director	$0	$0	$0
PATRICIA APELIAN AITKEN	TRUSTEE	3.00	Director	$0	$0	$0
SUSIE BECKER GOULD	TRUSTEE	3.00	Director	$0	$0	$0
DANIEL C BENTON	TRUSTEE	3.00	Director	$0	$0	$0
MELISSA J COLEY	TRUSTEE	4.00	Director	$0	$0	$0
JEAN-PIERRE CONTE	TRUSTEE	3.00	Director	$0	$0	$0
CHAD COOLEY	TRUSTEE	3.00	Director	$0	$0	$0
GIOVANNI CUTAIA	TRUSTEE	4.00	Director	$0	$0	$0
UDAYAN DAS ROY	TRUSTEE	3.00	Director	$0	$0	$0
TERESA DELGADO	TRUSTEE	5.00	Director	$0	$0	$0
CARMINE DISIBIO	TRUSTEE	4.00	Director	$0	$0	$0
THERESA DONAHUE EGLER	TRUSTEE	5.00	Director	$0	$0	$0
JULIAN W FARRIOR III	TRUSTEE	5.00	Director	$0	$0	$0
YVONNE M GYIMAH	TRUSTEE	3.00	Director	$0	$0	$0
KIMBERLY HUFFARD	TRUSTEE	5.00	Director	$0	$0	$0
BECKY B HURLEY	TRUSTEE	4.00	Director	$0	$0	$0
CHRISTIAN B JOHNSON	TRUSTEE	3.00	Director	$0	$0	$0
DENNISTON M REID	TRUSTEE	3.00	Director	$0	$0	$0
TAL-EE ROBERTS	TRUSTEE	3.00	Director	$0	$0	$0
GABRIEL SCHWARTZ	TRUSTEE	3.00	Director	$0	$0	$0
LESLIE SEIDMAN	TRUSTEE	3.00	Director	$0	$0	$0
CLARISSA V SHAH	TRUSTEE	4.00	Director	$0	$0	$0
JEFFREY W SHARP	TRUSTEE	3.00	Director	$0	$0	$0
GARFIELD SMITH	TRUSTEE	3.00	Director	$0	$0	$0
ANDREW W SWEET	TRUSTEE	4.00	Director	$0	$0	$0
THOMAS B TYREE JR	TRUSTEE	3.00	Director	$0	$0	$0
AMY VULLO MACMILLAN	TRUSTEE	3.00	Director	$0	$0	$0
CARLTON W WALKER	TRUSTEE	3.00	Director	$0	$0	$0
NOAH WINTROUB	TRUSTEE	3.00	Director	$0	$0	$0
JOSEPH S HOPE	SR. VP-FIN, CIO, TREASURER	50.00	Officer	$904,411	$51,091	$955,502
ANGELA CARRIZOSA APARICIO	SECRETARY	50.00	Officer	$145,590	$23,490	$169,080
LESLEIGH CUSHING	PROVOST & DEAN OF THE FACULTY	50.00	Key Emp	$415,215	$110,952	$526,167
KARL CLAUSS	VP FOR ADVANCEMENT (THRU 2/28/25)	50.00	Key Emp	$418,793	$74,014	$492,807
PAUL MCLOUGHLIN	VP & DEAN OF THE COLLEGE	50.00	Key Emp	$360,442	$96,443	$456,885
YARIV AMIR	VP & ATHLETIC DIRECTOR	50.00	Key Emp	$380,702	$40,166	$420,868
CHRISTOPHER WELLS	VICE PRESIDENT ADMINISTRATION	50.00	Key Emp	$336,547	$61,304	$397,851
L HAZEL JACK	VP, CHIEF OF STAFF	50.00	Key Emp	$336,203	$51,254	$387,457
GARY ROSS	VP & DEAN OF ADMISSIONS	50.00	Key Emp	$258,634	$45,225	$303,859
RENEE MADISON	VP FOR EQUITY & INCLUSION	50.00	Key Emp	$239,689	$43,101	$282,790
DANIEL DEVRIES	VP OF COMMUNICATIONS	50.00	Key Emp	$224,483	$17,653	$242,136
MATTHEW LANGEL	HEAD COACH MENS BASKETBALL	50.00	Highest	$773,088	$49,366	$822,454
KIMBERLY HARRIS	SENIOR AVP, ADV & CAMPAIGN DIRECTOR	50.00	Highest	$341,649	$64,994	$406,643
GANIYAT ADEDUNTAN	HEAD COACH WOMENS BASKETBALL	50.00	Highest	$299,640	$37,098	$336,738
DANIEL PARTIGIANONI	SR. AVP FOR FIN/ADMIN	50.00	Highest	$229,172	$101,134	$330,306
MICHAEL HARDER	HEAD COACH MENS ICE HOCKEY	50.00	Highest	$287,636	$41,500	$329,136

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	$490,649,347	$354,157,987	$2,305,580,517	$136,491,360
2024	No data	No data	No data	No data
2023	$350,003,915	$322,510,679	$2,054,890,955	$27,493,236
2022	$411,729,686	$306,052,582	$1,947,674,649	$105,677,104
2021	$378,114,548	$273,568,957	$1,984,946,016	$104,545,591
2020	$307,542,955	$271,798,207	$1,634,406,536	$35,744,748
2019	$340,740,479	$278,168,182	$1,617,539,810	$62,572,297
2018	$314,987,362	$263,670,572	$1,566,369,868	$51,316,790