TRUSTEES OF HAMILTON 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

1812

Legal Domicile

Principal Officer

David Wippman

Phone

3158594011

Tax Period

2022-07-01 to 2023-06-30

TRUSTEES OF HAMILTON COLLEGE, founded in 1812, is a major nonprofit in the Education sector that reported $223.9M in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year. Net assets of $1.5B represent 81 months of operating reserves.

Mission

A liberal arts college chartered in 1812, Hamilton College has an enrollment of approximately 2,000 students, representing 48 states and 56 countries, and offers 57 areas of study in the liberal arts, science, and mathematics. Hamilton also offers pre-professional/cooperative programs in business, education, engineering, law, and medicine, and the opportunity to study abroad in numerous foreign destinations. The College's open curriculum gives students the freedom to shape their own liberal arts education within a research and writing-intensive framework. The College also sponsors 29 varsity athletic programs affiliated with the NCAA Division III, in addition to many club and intramural sports offerings. More than 125 other student clubs and organizations in a variety of interests and disciplines help to further enrich student development.

Program Service Accomplishments

Program 1

Expenses: $189,727,377 Revenue: $157,511,305

Providing a liberal arts education to approximately 1927 undergraduate students, Hamilton College is committed to its tradition of being a school of opportunity and provides financial aid packages to approximately 50% of its students. The College's full time faculty was 199 and most hold the highest obtainable degree in their field. Summer recreation programs that provide opportunities for children and students to participate in team and individual sports and develop character and sportsmanship.

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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 (2022)

Revenue Breakdown

Contributions & Grants $33,100,081

Program Service Revenue $157,511,305

Investment Income $33,174,517

Other Revenue $117,994

TOTAL REVENUE $223,903,897

Expense Breakdown

Grants Paid $52,406,824

Salaries & Benefits $92,620,063

Fundraising Expenses $7,015,832

Program Expenses $189,727,377

Other Expenses $86,624,149

TOTAL EXPENSES $231,651,036

Year-over-Year Comparison

	2022	2021	Change
Revenue	$223,903,897	$276,640,361	-0.2%
Expenses	$231,651,036	$219,205,437	+0.1%
Net Income	$-7,747,139	$57,434,924	-1.1%

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

2495

Volunteers

927

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

$1,743,670

Total Directors

$1,018,336

Key Employees

$2,945,518

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren K Jacobson	Chief Investment Officer	40	Key Emp	$516,139	$649,960	$1,166,099
David Wippman	President	40	Officer Director	$674,840	$343,496	$1,018,336
Alexander B Doucette	Director of Investments	40	Highest	$521,751	$53,847	$575,598
Sara T Orr	Director of Investments	40	Highest	$464,045	$33,462	$497,507
Karen L Leach	VP Admin & Finance	40	Officer	$377,699	$118,198	$495,897
Monica C Inzer	VP Enrollment Management	40	Key Emp	$309,024	$112,167	$421,191
Lori R Dennison	VP Comm & Development	40	Key Emp	$327,357	$83,829	$411,186
Melissa F Richards	VP Communications	40	Key Emp	$233,633	$62,008	$295,641
Frank M Anechiario	Professor	40	Highest	$260,741	$33,895	$294,636
Spencer Polaske	Director of Investments	40	Highest	$237,176	$41,346	$278,522
Barbara J Tewksbury	Professor	40	Highest	$239,543	$33,053	$272,596
Joseph M Shelley	VP for Library and Information Technology	40	Key Emp	$234,048	$26,174	$260,222
Gillian M King	Chief of Staff and Secretary	40	Officer	$200,531	$28,906	$229,437
Margaret Gentry	Professor, former key employee (ended 6/30/18)	40		$192,977	$27,846	$220,823
Suzanne P Keen	VP Academic Affairs	40	Key Emp	$155,838	$52,152	$207,990
Ngonidzashe Munemo	VP Academic Affiars	40	Key Emp	$152,976	$30,213	$183,189
Aditya Bhasin	Trustee	2	Director	$0	$0	$0
Alexander C Sacerdote	Trustee	3	Director	$0	$0	$0
Amy Owens Goodfriend	Trustee	2	Director	$0	$0	$0
Aron J Ain	Trustee	2	Director	$0	$0	$0
Betsy G Bacot	Trustee	2	Director	$0	$0	$0
Carol T Friscia	Trustee	2	Director	$0	$0	$0
Christopher P Marshall	Trustee	2	Director	$0	$0	$0
Daniel Fielding	Trustee	2	Director	$0	$0	$0
Daniel I Rifkin	Trustee	2	Director	$0	$0	$0
Daniel T Nye	Trustee	2	Director	$0	$0	$0
David M Solomon	Chair	5	Officer Director	$0	$0	$0
David P Hess	Trustee	2	Director	$0	$0	$0
Eric F Grossman	Trustee	2	Director	$0	$0	$0
Gregory T Hoogkamp	Trustee	2	Director	$0	$0	$0
Imad I Qasim	Trustee	2	Director	$0	$0	$0
Jack R Selby	Trustee	2	Director	$0	$0	$0
John F Hadity	Trustee	2	Director	$0	$0	$0
Julia K Cowles	Trustee	2	Director	$0	$0	$0
Kathleen Corsi	Trustee	2	Director	$0	$0	$0
Lea Haber Kuck	Trustee	2	Director	$0	$0	$0
Linda E Johnson	Vice Chair	5	Officer Director	$0	$0	$0
Lindsey L Rotolo	Trustee	2	Director	$0	$0	$0
Manal Ataya	Trustee	2	Director	$0	$0	$0
Marc Randolph	Trustee	2	Director	$0	$0	$0
Mark T Fedorcik	Trustee	2	Director	$0	$0	$0
Mason P Ashe	Trustee	2	Director	$0	$0	$0
Monique Holloway	Trustee	2	Director	$0	$0	$0
Montgomery G Pooley	Trustee	2	Director	$0	$0	$0
Nancy Roob	Trustee	2	Director	$0	$0	$0
Peter B Coffin	Trustee	2	Director	$0	$0	$0
Philip L Hawkins	Trustee	2	Director	$0	$0	$0
Phyllis A Breland	Trustee	2	Director	$0	$0	$0
R Christopher Regan	Trustee	2	Director	$0	$0	$0
Richard Bernstein	Trustee	3	Director	$0	$0	$0
Robert S Morris	Trustee	2	Director	$0	$0	$0
Robert V Delaney Jr	Vice Chair	5	Officer Director	$0	$0	$0
Ronald R Pressman	Trustee	2	Director	$0	$0	$0
Sharon D Madison	Trustee	2	Director	$0	$0	$0
Sharon S Walker	Trustee	2	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$223,903,897	$231,651,036	$1,710,788,338	$-7,747,139
2022	$276,640,361	$219,205,437	$1,694,478,041	$57,434,924
2021	$278,888,070	$204,503,205	$1,847,174,576	$74,384,865
2020	$220,131,728	$199,798,977	$1,394,895,135	$20,332,751
2019	$217,730,469	$192,141,241	$1,366,030,571	$25,589,228
2018	$211,794,354	$183,021,955	$1,372,367,274	$28,772,399