HOBART AND WILLIAM SMITH COLLEGES

🔒

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

Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

MR MARK D GEARAN

Phone

3157813337

Tax Period

2022-07-01 to 2023-06-30

HOBART AND WILLIAM SMITH COLLEGES, founded in 1943, is a major nonprofit in the Education sector that reported $148.6M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $169.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

HOBART AND WILLIAM SMITH COLLEGES HAVE A MISSION OF PROVIDING A STUDENT-CENTERED RESIDENTIAL LEARNING ENVIRONMENT GROUNDED IN THE VALUES OF EQUITY AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $148,884,270 Revenue: $119,079,858

THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS IN GENEVA, NY, THE HEART OF THE FINGER LAKES REGION. HOBART AND WILLIAM SMITH STUDENTS CAN OBTAIN A BACHELOR OF ARTS...

THE COLLEGES ARE LOCATED AT THE SHORE OF SENECA LAKE ON A 320-ACRE CAMPUS IN GENEVA, NY, THE HEART OF THE FINGER LAKES REGION. HOBART AND WILLIAM SMITH STUDENTS CAN OBTAIN A BACHELOR OF ARTS, BACHELOR OF SCIENCE, OR A MASTER OF ARTS IN TEACHING DEGREE. A RICH INTERDISCIPLINARY PROGRAM AND LIMITLESS OPPORTUNITIES FOR SELF-DISCOVERY ARE HALLMARKS OF ACADEMICS AT THE COLLEGES. HOBART AND WILLIAM SMITH COLLEGES ARE ALSO KNOWN FOR AN AMBITIOUS EMPHASIS ON INTERNATIONAL STUDY AND PROGRAMS IN COMMUNITY ENGAGEMENT AND SERVICE-LEARNING. MORE THAN 60-PERCENT OF HOBART AND WILLIAM SMITH STUDENTS HAVE THE OPPORTUNITY TO STUDY ABROAD IN NEARLY 50 LOCATIONS AROUND THE WORLD. THE COLLEGES VIEW CIVIC RESPONSIBILITY, COMMUNITY ENGAGEMENT, AND INTERNATIONAL EDUCATION AS INTEGRAL COMPONENTS OF A LIBERAL ARTS EDUCATION.

🔒

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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $22,091,911

Program Service Revenue $119,079,858

Investment Income $7,461,126

Other Revenue $2,146

TOTAL REVENUE $148,635,041

Expense Breakdown

Grants Paid $63,260,847

Salaries & Benefits $52,687,946

Fundraising Expenses $4,226,927

Program Expenses $148,884,270

Other Expenses $53,623,704

TOTAL EXPENSES $169,572,497

Year-over-Year Comparison

	2022	2021	Change
Revenue	$148,635,041	$179,596,964	-0.2%
Expenses	$169,572,497	$162,105,656	+0.0%
Net Income	$-20,937,456	$17,491,308	-2.2%

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

Governance

Voting Members

Independent Members

Employees

1688

Volunteers

2528

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

$721,681

Total Directors

$358,897

Key Employees

$358,767

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSANDRA NAYLOR BROOKS	TRUSTEE/VICE CHAIR	5.00	Officer Director	$0	$0	$0
CALVIN R CARVER JR	TRUSTEE/TREASURER	5.00	Officer Director	$0	$0	$0
JAMES B ROBINSON	TRUSTEE/SECRETARY	5.00	Officer Director	$0	$0	$0
CRAIG R STINE	TRUSTEE/CHAIR	5.00	Officer Director	$0	$0	$0
LINDA D ARRINGTON	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD R COOPER	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW L GAINES	TRUSTEE	2.00	Director	$0	$0	$0
AILEEN DIVINEY GLEASON	TRUSTEE	2.00	Director	$0	$0	$0
JOHN J HOGAN III	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM A MARGILOFF	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT J MASON	TRUSTEE	2.00	Director	$0	$0	$0
HERBERT J MCCOOEY JR	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW G MCMASTER JR	TRUSTEE	2.00	Director	$0	$0	$0
ALLISON MORROW	TRUSTEE	2.00	Director	$0	$0	$0
DR RICHARD SOLOMON	TRUSTEE	2.00	Director	$0	$0	$0
ERIC J STEIN	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH C STEIN	TRUSTEE	2.00	Director	$0	$0	$0
SAMUEL A STERN	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM T WHITAKER JR	TRUSTEE	2.00	Director	$0	$0	$0
WARREN K ZOLA	TRUSTEE	2.00	Director	$0	$0	$0
DR MARGUERITTE MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPHINE GRAYSON	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY A COONEY ESQ	TRUSTEE	2.00	Director	$0	$0	$0
DR PAULA MILTENBERGER	TRUSTEE	2.00	Director	$0	$0	$0
MEHRNAZ VAHID-AHDIEH	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN WONG	TRUSTEE	2.00	Director	$0	$0	$0
DR RICHARD L WASSERMAN	TRUSTEE	2.00	Director	$0	$0	$0
MARK GEARAN	PRESIDENT, AS OF JULY, 2022	50.00	Officer Director	$263,245	$29,237	$292,482
ZAHEER BOWEN	STUDENT TRUSTEE, THROUGH MAY 2023	2.00	Director	$1,152	$25,000	$26,152
DR KIRRA GUARD	TRUSTEE	2.00	Director	$0	$0	$0
RT REV STEPHEN LANE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL E RAWLINS	TRUSTEE	2.00	Director	$0	$0	$0
JULIE BAZAN D'ANGELO	TRUSTEE	2.00	Director	$0	$0	$0
LUDWIG P GAINES	TRUSTEE	2.00	Director	$0	$0	$0
GARRETT A MATHIESON ENDED AUGUST 22	TRUSTEE	2.00	Director	$0	$0	$0
TERESA AMOTT	TRUSTEE	2.00	Director	$0	$0	$0
IRINI KONSTANTINOU	STUDENT TRUSTEE, THROUGH MAY 2023	2.00	Director	$2,263	$38,000	$40,263
LOUIS GUARD	GEN COUNSEL & ASST SEC	50.00	Officer	$175,123	$14,690	$189,813
MARK EDWARDS	VP FINANCE & ADMINISTRATION/ CFO	50.00	Officer	$205,919	$33,467	$239,386
SARAH KIRK	PROVOST	50.00	Key Emp	$270,413	$88,354	$358,767
ROBERT O'CONNOR	VP INSTITUTIONAL ADVANCEME	50.00	Highest	$258,607	$104,973	$363,580
ALFRED DAMIANO	VP STRATEGIC INITIATIVES	50.00	Highest	$216,154	$37,710	$253,864
CATHERINE WILLIAMS	VP MARKETING/COMMUNICATION	50.00	Highest	$220,652	$20,675	$241,327
BECCA BARILE	ASSOC. VP AND DEAN OF STUD	50.00	Highest	$179,186	$55,704	$234,890
JAMIE MAKINSTER	ASSOCIATE PROVOST	50.00	Highest	$158,259	$16,097	$174,356
JOYCE P JACOBSEN	PRESIDENT, THROUGH JULY, 2022	50.00		$664,996	$46,860	$711,856
CAROLEE WHITE	FORMER VP FIN&ADMIN & ASST. TREAS	50.00		$235,342	$31,247	$266,589

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
2023	$148,635,041	$169,572,497	$419,967,529	$-20,937,456
2022	$179,596,964	$162,105,656	$429,979,096	$17,491,308
2021	$164,697,451	$152,172,651	$492,561,526	$12,524,800
2020	$162,311,021	$162,452,019	$410,660,089	$-140,998
2019	$163,264,763	$172,588,397	$408,333,068	$-9,323,634
2018	$178,113,378	$169,317,971	$417,824,892	$8,795,407