FRANKLIN & MARSHALL COLLEGE

🔒

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

1787

Legal Domicile

Principal Officer

BARBARA ALTMANN

Phone

7173583925

Tax Period

2022-07-01 to 2023-06-30

FRANKLIN & MARSHALL COLLEGE, founded in 1787, is a major nonprofit in the Education sector that reported $187.0M in total revenue in fiscal year 2022. Net assets of $622.9M represent 40 months of operating reserves.

Mission

FRANKLIN & MARSHALL COLLEGE IS A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION. ITS AIMS ARE TO INSPIRE IN YOUNG PEOPLE OF HIGH PROMISE AND DIVERSE BACKGROUNDS A GENUINE AND ENDURING LOVE FOR LEARNING, TO TEACH THEM TO READ, WRITE, AND THINK CRITICALLY, TO INSTILL IN THEM THE CAPACITY FOR BOTH INDEPENDENT AND COLLABORATIVE ACTION, AND TO EDUCATE THEM TO EXPLORE AND UNDERSTAND THE NATURAL, SOCIAL, AND CULTURAL WORLDS IN WHICH THEY LIVE. IN SO DOING, THE COLLEGE SEEKS TO FOSTER IN ITS STUDENTS QUALITIES OF INTELLECT, CREATIVITY, AND CHARACTER, THAT THEY MAY LIVE FULFILLING LIVES AND CONTRIBUTE MEANINGFULLY TO THEIR OCCUPATIONS, THEIR COMMUNITIES, AND THEIR WORLD.

Program Service Accomplishments

Program 1

Expenses: $61,303,177 Revenue: $0

FINANCIAL AID: THE COLLEGE'S STRATEGIC PLAN INCLUDES A COMMITMENT TO MEET 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. TO THAT END, THE COLLEGE...

FINANCIAL AID: THE COLLEGE'S STRATEGIC PLAN INCLUDES A COMMITMENT TO MEET 100% OF EVERY STUDENT'S INSTITUTIONALLY DETERMINED NEED FOR ALL FOUR YEARS OF THEIR EDUCATION. TO THAT END, THE COLLEGE PROVIDES FINANCIAL AID TO 64.8% OF OUR STUDENTS, ALLOWING US TO RECRUIT EXTRAORDINARY TALENT FROM ALL BACKGROUNDS. THE CLASS OF 2027 ENROLLED 553 STUDENTS. THEY BOAST AN AVERAGE SAT SCORE OF 1376.

Program 2

Expenses: $38,269,578 Revenue: $132,065,551

INSTRUCTION: THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES IN 60 FIELDS OF STUDY, WITH A FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF 1,966 DURING THE 2023 ACADEMIC YEAR. THE COLLEGE OFFERS AN...

INSTRUCTION: THE COLLEGE GRANTS BACHELOR OF ARTS DEGREES IN 60 FIELDS OF STUDY, WITH A FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENT OF 1,966 DURING THE 2023 ACADEMIC YEAR. THE COLLEGE OFFERS AN INTEGRATED LEARNING ENVIRONMENT WHERE STUDENTS ENGAGE THE VALUES OF THE LIBERAL ARTS - BOTH THROUGH THE CURRICULUM AND IN THEIR LIVES OUTSIDE THE FORMAL CLASSROOM. OUR CURRENT STUDENT TO FACULTY RATIO IS 9 STUDENTS TO EVERY 1 FACULTY MEMBER, WITH AN AVERAGE CLASS SIZE OF 18 STUDENTS.

Program 3

Expenses: $21,315,783 Revenue: $0

STUDENT SERVICES: THE COLLEGE OFFERS A VARIETY OF ACTIVITIES AND EXPERIENCES TO COMPLEMENT THE ACADEMIC PURSUITS OF OUR STUDENTS. THE OFFICE OF STUDENT ENGAGEMENT & LEADERSHIP OFFERS STUDENTS THE...

STUDENT SERVICES: THE COLLEGE OFFERS A VARIETY OF ACTIVITIES AND EXPERIENCES TO COMPLEMENT THE ACADEMIC PURSUITS OF OUR STUDENTS. THE OFFICE OF STUDENT ENGAGEMENT & LEADERSHIP OFFERS STUDENTS THE OPPORTUNITY TO PARTICIPATE IN DIPLOMATIC CONGRESS, CLUB COUNCIL, THE COLLEGE ENTERTAINMENT COMMITTEE, AND/OR ANY OF OVER 100 STUDENT CLUBS. STUDENTS MAY ALSO PARTICIPATE IN OVER 27 VARSITY, 5 INTRAMURAL, AND NUMEROUS CLUB SPORTS TEAMS. THE COLLEGE'S GREEK LIFE AND COLLEGE HOUSE SYSTEM PROMOTE A SENSE OF COMMUNITY AMONG ALL STUDENTS.

🔒

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 $18,418,428

Program Service Revenue $154,655,819

Investment Income $11,359,293

Other Revenue $2,517,638

TOTAL REVENUE $186,951,178

Expense Breakdown

Grants Paid $61,465,127

Salaries & Benefits $71,105,009

Fundraising Expenses $5,052,202

Program Expenses $145,541,657

Other Expenses $57,370,141

TOTAL EXPENSES $189,940,277

Year-over-Year Comparison

	2022	2021	Change
Revenue	$186,951,178	$196,116,735	0.0%
Expenses	$189,940,277	$189,880,020	+0.0%
Net Income	$-2,989,099	$6,236,715	-1.5%

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

2183

Volunteers

1278

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

$3,176,979

Total Directors

$786,678

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA K ALTMANN PHD	PRESIDENT	60.00	Officer Director	$679,845	$106,833	$786,678
ERIC W NOLL	CHAIR	14.00	Officer Director	$0	$0	$0
SUSAN KLINE KLEHR	TRUSTEE - SENIOR VICE CHAIR	4.00	Officer Director	$0	$0	$0
H ART TAYLOR ESQ	TRUSTEE - SENIOR VICE CHAIR	4.00	Officer Director	$0	$0	$0
PATRICIA E HARRIS	TRUSTEE - VICE CHAIR	4.00	Officer Director	$0	$0	$0
KENNETH B MEHLMAN	TRUSTEE - VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARY L SCHAPIRO LHD	TRUSTEE - VICE CHAIR	4.00	Officer Director	$0	$0	$0
MOHAMMED A ANJARWALA	TRUSTEE	2.00	Director	$0	$0	$0
SAMEER ARORA	TRUSTEE	3.00	Director	$0	$0	$0
JONATHAN E BABKOW	TRUSTEE	2.00	Director	$0	$0	$0
MARGERY A BRITTAIN	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT J BROOKS SR	TRUSTEE	3.00	Director	$0	$0	$0
PAUL R BROWN PHD	TRUSTEE	2.00	Director	$0	$0	$0
MODIA J BUTLER	TRUSTEE	2.00	Director	$0	$0	$0
PAIGE A COSTIGAN	TRUSTEE	2.00	Director	$0	$0	$0
NEIL B DAVIDOWITZ ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW N DESCHAMPS	TRUSTEE	3.00	Director	$0	$0	$0
DR JOAN M FALLON	TRUSTEE	2.00	Director	$0	$0	$0
ANNE W FASS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN W GREENE JR	TRUSTEE	3.00	Director	$0	$0	$0
AKBAR HOSSAIN	TRUSTEE	2.00	Director	$0	$0	$0
SHAWN M JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
FATOUMATA KEITA	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT M KRASNE ESQ	TRUSTEE	2.00	Director	$0	$0	$0
DAVID H LEHMAN	TRUSTEE	2.00	Director	$0	$0	$0
LES J LIEBERMAN	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS J MCCORMACK ESQ	TRUSTEE	2.00	Director	$0	$0	$0
JUDITH C FISHLOW MINTER	TRUSTEE	2.00	Director	$0	$0	$0
MATTHEW J MURPHY	TRUSTEE	2.00	Director	$0	$0	$0
RICARDO G RIVERS	TRUSTEE	2.00	Director	$0	$0	$0
RAYMOND A SANSEVERINO	TRUSTEE	3.00	Director	$0	$0	$0
STUART FARWELL SMITH	TRUSTEE	2.00	Director	$0	$0	$0
KATHY HAY STINE	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD D VAN DOLSEN	TRUSTEE	3.00	Director	$0	$0	$0
COLLEEN ROSS WEIS	TRUSTEE	3.00	Director	$0	$0	$0
JIMMIE A FOSTER	VP FOR ENROLLMENT MANAG (RES. 6/30)	60.00	Officer	$221,454	$45,527	$266,981
GRETCHEL L HATHAWAY	VP-DIVERSITY, EQUITY, INCLUSION	60.00	Officer	$182,509	$27,156	$209,665
MARGARET HAZLETT	VP & DEAN OF STUD. AFF. (RES. 5/23)	60.00	Officer	$247,407	$47,025	$294,432
CARRIE E RAMPP	VP & CHIEF INFORMATION OFFICER	60.00	Officer	$207,169	$36,565	$243,734
ALAN CANIGLIA	VP FOR STRATEGIC INITIATIVES	60.00	Officer	$196,958	$34,918	$231,876
BARBARA S STAMBAUGH	VP FOR COMMUNICATIONS	60.00	Officer	$212,814	$30,431	$243,245
CAMERON B WESSON	PROV. & DEAN OF THE FAC. (RES. 6/30)	60.00	Officer	$305,422	$45,969	$351,391
CYNTHIA GORMAN	VP FOR COLLEGE ADVANCEMENT	60.00	Officer	$240,713	$32,844	$273,557
V LATOSHA DEXTER	GENERAL COUNSEL	60.00	Officer	$274,958	$462	$275,420
BETH L THRONE	AVP STUDENT & POST-GRAD. DEVEL.	40.00	Highest	$184,173	$18,552	$202,725
ALAN S GLAZER	PROFESSOR OF BUSINESS	40.00	Highest	$180,222	$27,333	$207,555
DOROTHY J MERRITTS	PROFESSOR OF CHEMISTRY	40.00	Highest	$158,589	$23,616	$182,205
MALCOLM GREEN HAYNES	AVP OF FINANCE	40.00	Highest	$195,958	$15,194	$211,152
KIRK MILLER	PROFESSOR OF GOVERNMENT	40.00	Highest	$158,370	$30,016	$188,386
MATTHEW K EYNON	VP COLLEGE ADVANCEMENT (RES. 6/22)	60.00		$250,520	$26,001	$276,521
MICHAEL J TODD	VP FINANCE & ADMINIST. (RES. 6/22)	60.00		$191,460	$27,669	$219,129

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	$186,951,178	$189,940,277	$822,891,438	$-2,989,099
2022	$196,116,735	$189,880,020	$830,931,551	$6,236,715
2021	$209,519,207	$190,172,005	$899,256,737	$19,347,202
2020	$176,394,107	$193,956,044	$780,280,025	$-17,561,937
2019	$209,031,036	$199,260,345	$733,363,144	$9,770,691
2018	$205,634,738	$195,861,861	$717,438,968	$9,772,877