ITHACA COLLEGE

EIN: 150532204 501(c)(3) Education

ITHACA, NY

Total Revenue
$332,654,613
Total Expenses
$344,860,620
Total Assets
$897,011,757
Net Assets
$738,997,060
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1892
Legal Domicile
NY
Principal Officer
LA JERNE TERRY CORNISH
Phone
6072743118
Tax Period
2024-07-01 to 2025-06-30

ITHACA COLLEGE, founded in 1892, is a major nonprofit in the Education sector that reported $332.7M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Net assets of $739.0M represent 27 months of operating reserves.

Mission

TO PROVIDE A FOUNDATION FOR A LIFETIME OF LEARNING, ITHACA COLLEGE IS DEDICATED TO FOSTERING INTELLECTUAL GROWTH, AESTHETIC APPRECIATION, AND CHARACTER DEVELOPMENT IN OUR STUDENTS. THE ITHACA COLLEGE COMMUNITY THRIVES ON THE PRINCIPLES THAT KNOWLEDGE IS ACQUIRED THROUGH DISCIPLINE, COMPETENCE IS ESTABLISHED WHEN KNOWLEDGE IS TEMPERED BY EXPERIENCE, AND CHARACTER IS DEVELOPED WHEN COMPETENCE IS EXERCISED FOR THE BENEFIT OF OTHERS. A COMPREHENSIVE COLLEGE THAT SINCE ITS FOUNDING HAS RECOGNIZED THE VALUE OF COMBINING THEORY AND PERFORMANCE, ITHACA PROVIDES A RIGOROUS EDUCATION BLENDING LIBERAL ARTS AND PROFESSIONAL PROGRAMS OF STUDY. OUR TEACHING AND SCHOLARSHIP ARE MOTIVATED BY THE NEED TO BE INFORMED BY, AND TO CONTRIBUTE TO, THE WORLD'S SCIENTIFIC AND HUMANISTIC ENTERPRISES. LEARNING AT ITHACA EXTENDS BEYOND THE CLASSROOM TO ENCOMPASS A BROAD RANGE OF RESIDENTIAL, PROFESSIONAL, AND EXTRACURRICULAR OPPORTUNITIES. OUR UNDERGRADUATE AND GRADUATE STUDENTS, FACULTY, STAFF, AND ALUMNI ALL CONTRIBUTE TO THE LEARNING PROCESS. ITHACA COLLEGE IS COMMITTED TO CREATING AN INCLUSIVE ENVIRONMENT AND ATTRACTING A DIVERSE BODY OF STUDENTS, FACULTY, AND STAFF. ALL MEMBERS OF THE COLLEGE COMMUNITY ARE ENCOURAGED TO ACHIEVE EXCELLENCE IN THEIR CHOSEN FIELDS AND TO SHARE THE RESPONSIBILITIES OF CITIZENSHIP AND SERVICE IN THE GLOBAL COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $205,823,915 Revenue: $238,149,055

INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE IS A PRIVATE, NONSECTARIAN, COEDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN ITHACA, NEW YORK. THE PRINCETON REVIEW CONSISTENTLY NAMES THE...

Read more

INSTRUCTION, RESEARCH, AND PUBLIC SERVICE: ITHACA COLLEGE IS A PRIVATE, NONSECTARIAN, COEDUCATIONAL LIBERAL ARTS COLLEGE LOCATED IN ITHACA, NEW YORK. THE PRINCETON REVIEW CONSISTENTLY NAMES THE COLLEGE AMONG THE BEST COLLEGES IN THE NATION, WITH "THE BEST 391 COLLEGES: 2026 EDITION" AWARDING THE COLLEGE HIGH RANKINGS ON LISTS FOR BEST COLLEGE NEWSPAPER, BEST COLLEGE RADIO STATION, BEST COLLEGE THEATER, AND TOP 50 GREEN COLLEGES. IN FALL 2025, THE COLLEGE ENROLLED 4,205 UNDERGRADUATE STUDENTS AND 586 GRADUATE STUDENTS. ROY H. PARK SCHOOL OF COMMUNICATIONS: THE SCHOOL OF COMMUNICATIONS, RECOGNIZED AS A LEADING UNDERGRADUATE COMMUNICATIONS SCHOOL, IS KNOWN FOR ITS PROMINENT STUDENT-RUN MEDIA VEHICLES, INCLUDING: THE ITHACAN, THE COLLEGE'S OFFICIAL WEEKLY NEWSPAPER; ITHACA COLLEGE TELEVISION; AND THE WICB RADIO STATION. THE SCHOOL ALSO OFFERS THE LOS ANGELES PROGRAM, AN INTERNSHIP-BASED PROGRAM THAT PROVIDES STUDENTS WITH PROFESSIONAL EXPERIENCE IN THEIR CHOSEN FIELD WHILE TAKING INDUSTRY-RELATED COURSES AT THE JAMES B. PENDLETON CENTER, LOCATED MINUTES FROM BURBANK AND HOLLYWOOD. SCHOOL OF BUSINESS: ACCREDITED BY THE ASSOCIATION OF ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB), THE SCHOOL OF BUSINESS OFFERS A RIGOROUS PROFESSIONAL EDUCATION, OFFERING A RANGE OF UNDERGRADUATE PROGRAMS, CONCENTRATIONS, AND MINORS, AS WELL AS GRADUATE LEVEL AND CERTIFICATE PROGRAMS. STUDENTS PARTICIPATE IN THE PROFESSIONS PROGRAM, A PROFESSIONAL DEVELOPMENT CURRICULUM THAT ALLOWS STUDENTS TO DEVELOP PROGRESSIVE SKILLS AND GAIN EXPERIENCES THAT WILL PREPARE THEM FOR COMPETITIVE INTERNSHIPS AND CAREERS. SCHOOL OF MUSIC, THEATRE, AND DANCE: TRACING ITS ROOTS TO THE COLLEGE'S FOUNDING IN 1892 AS A CONSERVATORY OF MUSIC, THE SCHOOL OF MUSIC PROVIDES STATE-OF-THE-ART FACILITIES, FEATURES A VARIETY OF ENSEMBLES, AND PRESENTS HUNDREDS OF PERFORMANCES ANNUALLY. THE SCHOOL IS HOST TO SEVERAL SUMMER MUSIC OPPORTUNITIES TO MUSICIANS OF ALL AGES, INCLUDING THE SUMMER MUSIC ACADEMY AND THE SUMMER PIANO INSTITUTE, AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF MUSIC. THE DEPARTMENT OF THEATRE ARTS DRAWS STUDENTS FROM ACROSS THE UNITED STATES AND THE WORLD AND IS ACCREDITED BY THE NATIONAL ASSOCIATION OF SCHOOLS OF THEATRE. SCHOOL OF HUMANITIES & SCIENCES (H&S): A LIBERAL ARTS EDUCATION IN THE SCHOOL OF H&S PREPARES STUDENTS FOR LIFE IN A RAPIDLY CHANGING, MULTICULTURAL, AND GLOBALLY INCLUSIVE WORLD. H&S STUDENTS RECEIVE A BROAD FOUNDATIONAL UNDERSTANDING OF ISSUES FACING THE HUMAN COMMUNITY. STUDENTS BUILD THEIR OWN INTEGRATIVE AND CROSS-DISCIPLINARY VERSION OF AN H&S EDUCATION. SCHOOL OF HEALTH SCIENCES AND HUMAN PERFORMANCE (HSHP): THE SCHOOL OF HSHP'S STUDENTS TOUCH PEOPLE'S LIVES AS CLINICIANS, THERAPISTS, RESEARCHERS, ADMINISTRATORS, AND SPORT PROFESSIONALS. HSHP STUDENTS CHOOSE FROM A ROBUST ARRAY OF ORGANIZATIONS ACROSS THE NATION TO ENGAGE IN INTERNSHIPS AND FIELDWORK, AND CAN HELP CLIENTS AT ONE OF FOUR ON-CAMPUS CLINICS. THE SCHOOL OFFERS A RANGE OF UNDERGRADUATE PROGRAMS, AS WELL AS GRADUATE PROGRAMS IN AREAS OF EXERCISE AND SPORT SCIENCES, OCCUPATIONAL THERAPY, PHYSICAL THERAPY, PHYSICIAN ASSISTANT STUDIES AND SPEECH-LANGUAGE PATHOLOGY AND AUDIOLOGY. STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ONE OF THE COLLEGE'S MANY STUDY ABROAD OPPORTUNITIES. THE COLLEGE OPERATES THE ITHACA COLLEGE LONDON CENTER, WHICH IS LOCATED IN THE HEART OF THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA AND IS AMONG THE LONGEST-STANDING STUDY ABROAD PROGRAMS IN LONDON. THE COLLEGE PROVIDES STUDENTS WITH OPPORTUNITIES TO ENGAGE IN EXPERIENTIAL LEARNING THROUGH SCHOLARSHIP, RESEARCH, AND CREATIVE PERFORMANCE WITH FACULTY AND STAFF MEMBERS. RESEARCH IS FUNDED SUBSTANTIALLY BY PRIVATE AND GOVERNMENTAL AGENCIES. FOR THE 3RD CONSECUTIVE YEAR, IN JUNE 2025, ITHACA COLLEGE HOSTED THE SUMMER GAMES OF THE SPECIAL OLYMPICS OF NEW YORK, BRINGING TOGETHER HUNDREDS OF ATHLETICS FROM ACROSS NEW YORK STATE, THEIR COACHES AND THEIR FAMILIES.

Program 2
Expenses: $48,519,823 Revenue: $62,683,032

FINANCIAL AID NETTED WITH STUDENT RELATED REVENUES 126,004,776. COST OF GOODS SOLD (CAMPUS STORE) -603,933.

Program 3
Expenses: $29,088,665 Revenue: $1,498,087

STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, AND ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO...

Read more

STUDENT SERVICES: STUDENT SERVICES INCLUDES EXPENSES INCURRED FOR OFFICES OF ADMISSIONS AND THE REGISTRAR, STUDENT AID ADMINISTRATION, AND ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. STUDENT SERVICES ALSO INCLUDES THE COLLEGE'S MULTITUDE OF ATHLETICS PROGRAMS. THE COLLEGE'S VARSITY TEAMS COMPETE AT THE DIVISION III LEVEL OF THE NCAA. THE COLLEGE IS ALSO A MEMBER OF THE EASTERN COLLEGE ATHLETIC CONFERENCE AND THE LIBERTY LEAGUE. INTERCOLLEGIATE SPORTS INCLUDE BASEBALL, BASKETBALL, CREW, CROSS COUNTRY RUNNING, FIELD HOCKEY, FOOTBALL, GOLF, GYMNASTICS, LACROSSE, SCULLING, SOCCER, SOFTBALL, SWIMMING & DIVING, TENNIS, TRACK & FIELD, VOLLEYBALL, AND WRESTLING. THE COLLEGE ALSO HAS A LARGE INTRAMURAL SPORTS PROGRAM, IN WHICH APPROXIMATELY 20% OF STUDENTS PARTICIPATE, AND WHICH OFFERS A VARIETY OF SPORTS INCLUDING SOCCER, VOLLEYBALL, FLAG FOOTBALL, AND BASKETBALL, IN ADDITION TO SINGLE DAY EVENTS SUCH AS TENNIS TOURNAMENTS AND BATTLESHIP. THE COLLEGE IS ALSO HOME TO MORE THAN 60 CLUB SPORTS, MANY OF WHICH COMPETE REGULARLY AGAINST OTHER COLLEGES IN LEAGUES AND TOURNAMENTS. STUDENT SERVICES ALSO INCLUDES EXPENSES FOR THE OFFICE OF STUDENT ENGAGEMENT, WHICH PROVIDES THE FIRST-YEAR EXPERIENCE AND ORIENTATION, AND OVERSEES STUDENT ACTIVITIES, MULTICULTURAL EVENTS, AND STUDENT ORGANIZATIONS. THE CENTER FOR CAREER EXPLORATION AND DEVELOPMENT, SERVING BOTH STUDENTS AND ALUMNI, PROVIDES CAREER-RELATED EDUCATION, EXPERIENTIAL LEARNING, PROFESSIONAL DEVELOPMENT, AND POST-GRADUATE OPPORTUNITIES FOR THE BENEFIT OF STUDENTS AND ALUMNI.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,062,869
Program Service Revenue $301,760,244
Investment Income $14,335,912
Other Revenue $1,495,588
TOTAL REVENUE $332,654,613

Expense Breakdown

Grants Paid $126,798,357
Salaries & Benefits $135,804,233
Fundraising Expenses $3,367,405
Program Expenses $304,880,846
Other Expenses $82,103,985
TOTAL EXPENSES $344,860,620

Year-over-Year Comparison

2024 2023 Change
Revenue $332,654,613 $369,578,460 -0.1%
Expenses $344,860,620 $332,498,680 +0.0%
Net Income $-12,206,007 $37,079,780 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
26
Independent Members
22
Employees
3899
Volunteers
22

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
11
$2,937,482
Total Directors
27
$975,347
Key Employees
6
$1,450,260
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LA JERNE TERRY CORNISH PRESIDENT 40.00
Officer Director
$605,968 $146,126 $752,094
MUREEN S DOHERTY TRUSTEE, STUDENT (AS OF 07/24) 1.00
Director
$0 $0 $0
JOHN NEESON CHAIR (AS OF 07/24) 1.00
Officer Director
$0 $0 $0
CHRISTOPHER D PALMIERI VICE CHAIR (AS OF 07/24) 1.00
Officer Director
$0 $0 $0
KIMBERLY W ALLEN TRUSTEE (AS OF 07/24) 1.00
Director
$0 $0 $0
ROSANNA AYBAR TRUSTEE (THRU 06/30/2025) 1.00
Director
$0 $0 $0
LUVELLE BROWN TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL J CONOVER TRUSTEE 1.00
Director
$0 $0 $0
NANCY L DANIELS TRUSTEE 1.00
Director
$0 $0 $0
JACK H DEMBOW TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL J DEVITO TRUSTEE 1.00
Director
$0 $0 $0
JERRY S DIETZ TRUSTEE (AS OF 07/24) 1.00
Director
$0 $0 $0
KENNETH FISHER TRUSTEE (THRU 06/30/2025) 1.00
Director
$0 $0 $0
DAVID FLEISHER II TRUSTEE 1.00
Director
$0 $0 $0
KIRK HARBINGER TRUSTEE (THRU 06/30/2025) 1.00
Director
$0 $0 $0
TRACI HUGHES TRUSTEE 1.00
Director
$0 $0 $0
DAVID T MEBERG TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN R MUENZEN TRUSTEE 1.00
Director
$0 $0 $0
CARLOS W PERKINS TRUSTEE 1.00
Director
$0 $0 $0
PAULA M ROONEY TRUSTEE (THRU 09/24) 1.00
Director
$0 $0 $0
JEFFREY J SELINGO TRUSTEE 1.00
Director
$0 $0 $0
PETER R TAFFAE TRUSTEE 1.00
Director
$0 $0 $0
JAMES E TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS M WEISMAN TRUSTEE (THRU 06/30/2025) 1.00
Director
$0 $0 $0
MONICA L BERTINO WOODEN TRUSTEE 1.00
Director
$0 $0 $0
SARA J HAEFELI TRUSTEE, FACULTY (AS OF 07/24) 1.00
Director
$76,865 $29,945 $106,810
SCOTT S DOYLE TRUSTEE, STAFF (AS OF 07/24) 1.00
Director
$105,413 $11,030 $116,443
TIMOTHY C DOWNS VP FINANCE & ADMINISTRATION, CFO 40.00
Officer
$305,827 $50,545 $356,372
MELANIE STEIN PROVOST & SENIOR VP ACADEMIC AFFAIRS 40.00
Officer
$313,894 $25,165 $339,059
RAKIN 'ROCK' HALL VP ENROLLMENT MGMT & STUDENT SUCCESS 40.00
Officer
$217,832 $39,310 $257,142
STANLEY BAZILE AS OF 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 40.00
Officer
$148,211 $25,772 $173,983
DAVID L WEIL - VP CHIEF INFORMATION AND ANALYTICS OFFICER 40.00
Officer
$231,796 $34,189 $265,985
EMILY ROCKETT VP GENERAL COUNSEL & BOARD SECRETARY 40.00
Officer
$237,846 $28,123 $265,969
LAINE NORTON VP ADVANCEMENT 40.00
Officer
$231,272 $36,154 $267,426
MARK EYERLY VP MARKETING & COMMUNICATIONS 40.00
Officer
$221,428 $38,024 $259,452
MICHAEL JOHNSON-CRAMER DEAN, BUSINESS 40.00
Key Emp
$249,208 $47,276 $296,484
CHRISTINA S MOYLAN DEAN, HS&HP 40.00
Key Emp
$208,983 $16,330 $225,313
STEVE TENEYCK AS OF 0325 DEAN, MUSIC THEATRE & DANCE 40.00
Key Emp
$166,307 $12,692 $178,999
AMY FALKNER DEAN, COMMUNICATIONS 40.00
Key Emp
$230,611 $46,926 $277,537
CLAIRE GLEITMAN DEAN, H&S 40.00
Key Emp
$210,282 $28,003 $238,285
KIRRA A MICHELER ASSOCIATE VP, CHIEF HUMAN RESOURCES 40.00
Key Emp
$197,380 $36,262 $233,642
JAMES A YAGGIE PROFESSOR, DIRECTOR HS&HP 40.00
Highest
$186,788 $75,926 $262,714
MARIE C BLOUIN ASSOCIATE PROFESSOR & CHAIR 40.00
Highest
$183,587 $42,395 $225,982
STEVEN GINSBERG ASSOCIATE PROFESSOR 40.00
Highest
$182,232 $22,393 $204,625
MARGARET B SHACKELL ASSOCIATE PROFESSOR & DIRECTOR 40.00
Highest
$177,840 $12,999 $190,839
MARC R ISRAEL AVP BUSINESS & FINANCE 40.00
Highest
$192,211 $24,948 $217,159
BONNIE PRUNTY THRU 0624 VP STUDENT AFFAIRS & CAMPUS LIFE 0.00
$138,022 $16,445 $154,467
NICOLE EVERSLEY BRADWELL EXECUTIVE DIRECTOR, ADMISSION 40.00
$125,746 $20,029 $145,775
LINDA PETROSINO DEAN, HS&HP (THRU 06/23) 0.00
$119,348 $19,652 $139,000
ANNE HOGAN THRU 0624 DEAN, MUSIC THEATRE AND DANCE 0.00
$379,746 $16,268 $396,014
ALKA BRAMHANDKAR PROFESSOR 40.00
$144,811 $24,452 $169,263
JOHN I POWERS PROFESSOR 40.00
$127,502 $40,586 $168,088
KEITH A KAISER PROFESSOR 40.00
$135,470 $45,248 $180,718
DIANE M GAYESKI PROFESSOR 40.00
$113,259 $19,036 $132,295
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 $332,654,613 $344,860,620 $897,011,757 $-12,206,007
2024 No data No data No data No data
2023 $358,076,074 $321,970,603 $849,515,520 $36,105,471
2022 $353,413,943 $313,023,511 $835,496,702 $40,390,432
2021 $309,746,342 $312,551,035 $909,282,506 $-2,804,693
2020 $365,679,639 $370,493,665 $834,703,732 $-4,814,026
2018 $370,878,479 $365,317,228 $829,643,495 $5,561,251
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ITHACA COLLEGE with other nonprofits in New York and across the country.