FRANKLIN & MARSHALL COLLEGE (EIN 231352635) - Form 990 Financial Analysis & Trantor Score

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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

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

A RESIDENTIAL COLLEGE DEDICATED TO EXCELLENCE IN UNDERGRADUATE LIBERAL ARTS EDUCATION.

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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 $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

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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

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

FRANKLIN & MARSHALL COLLEGE