HARCUM 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

1915

Legal Domicile

Principal Officer

JON JAY DETEMPLE PHD

Phone

6105254100

Tax Period

2024-07-01 to 2025-06-30

HARCUM COLLEGE, founded in 1915, is a mid-sized nonprofit in the Education sector that reported $57.4M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.6M, a strong 39% operating margin.

Mission

Program Service Accomplishments

Program 1

Expenses: $27,633,095 Revenue: $26,134,500

HARCUM COLLEGE PROVIDES ITS STUDENTS WITH AN OPPORTUNITY FOR OUTSTANDING ACADEMIC, CAREER, AND LIFE PREPARATION. WE TEACH, MENTOR, AND PREPARE STUDENTS FOR SUCCESS IN THEIR CHOSEN PROFESSIONS IN AN EXPERIENTIAL ENVIRONMENT. HARCUM'S CORE VALUES OF EXCELLENCE, CIVILITY, EMPOWERMENT, INTEGRITY, COMMUNITY SERVICE, AND RESPECT FOR DIVERSITY ASSURE THAT EVERY STUDENT IS VALUED AND SUPPORTED. HARCUM COLLEGE IS A PRIVATE, COEDUCATIONAL, FULLY ACCREDITED, RESIDENTIAL AND COMMUTER COLLEGE IN BRYN MAWR, PA WHICH OFFERS 27 CAREER-READY ASSOCIATE'S DEGREE PROGRAMS. CAREER-INFORMED PROGRAMS ARE OFFERED ON CAMPUS, ONLINE AND OFF-CAMPUS AT PARTNERSHIP SITES THROUGHOUT PENNSYLVANIA. STUDENT ATHLETES COMPETE AT THE NJCAA IN VARIOUS SPORTS. THE COLLEGE CURRENTLY SERVES APPROXIMATELY 1,200 STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,824,733

Program Service Revenue $26,134,500

Investment Income $4,193,300

Other Revenue $225,638

TOTAL REVENUE $57,378,171

Expense Breakdown

Grants Paid $9,538,156

Salaries & Benefits $15,468,464

Fundraising Expenses $788,926

Program Expenses $27,633,095

Other Expenses $9,799,915

TOTAL EXPENSES $34,806,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,378,171	$42,304,375	+0.4%
Expenses	$34,806,535	$33,465,869	+0.0%
Net Income	$22,571,636	$8,838,506	+1.6%

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

537

Volunteers

190

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

$322,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M JACOBSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KARL THALLNER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
THEODORE ROSEN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DENIS C BOYLE	TREASURER	1.00	Officer Director	$0	$0	$0
CARMEN RIVE	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ALEXANDER KLEIN	TRUSTEE	1.00	Director	$0	$0	$0
AMY COPELAND	TRUSTEE	1.00	Director	$0	$0	$0
SHARON MANKER	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL HIRSCHFELD	TRUSTEE	1.00	Director	$0	$0	$0
J MICHAEL MCNAMARA	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN DOW	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA BOSHA	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY JONES	TRUSTEE	1.00	Director	$0	$0	$0
JON JAY DETEMPLE	PRESIDENT, PH.D., MBA	40.00	Officer	$252,737	$69,970	$322,707
RACHEL BOWEN	VP OF ENROLLMENT MANAGEMENT	40.00	Highest	$115,601	$8,040	$123,641
BROOKE WALKER	VP OF INSTITUTIONAL ADVANCEMENT	40.00	Highest	$127,042	$15,343	$142,385
JULIA INGERSOLL	EXECUTIVE VP, CAO & COLLEGE COUNSEL	40.00	Highest	$148,842	$11,760	$160,602
PAULA LEHRBERGER	ASSISTANT VP OF FINANCIAL AID	40.00	Highest	$104,743	$9,021	$113,764
TIMOTHY ELY	EXECUTIVE DIRECTOR OF SP&IR	40.00	Highest	$105,318	$13,212	$118,530

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	$57,378,171	$34,806,535	$54,102,809	$22,571,636
2024	$42,304,375	$33,465,869	$38,064,181	$8,838,506
2023	$27,732,022	$32,828,251	$28,087,750	$-5,096,229
2022	$36,107,752	$34,361,943	$30,870,966	$1,745,809
2021	$34,826,587	$32,571,785	$27,006,424	$2,254,802
2020	$35,104,131	$37,258,987	$24,678,431	$-2,154,856
2019	$33,672,552	$34,417,952	$23,879,466	$-745,400
2018	$36,152,530	$34,999,428	$24,345,873	$1,153,102