COLLEGE OF THE ATLANTIC (EIN 237032625) - 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

1969

Legal Domicile

Principal Officer

SYLVIA TORTI

Phone

2072885015

Tax Period

2024-07-01 to 2025-06-30

COLLEGE OF THE ATLANTIC, founded in 1969, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2024. Net assets of $136.3M represent 51 months of operating reserves.

Mission

OPERATION OF A FOUR YEAR ACCREDITED DEGREE COLLEGE, OPERATION OF A SMALL GRADUATE PROGRAM AND OTHER SUMMER EDUCATION PROGRAMS.

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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 $9,924,808

Program Service Revenue $19,870,920

Investment Income $1,353,366

Other Revenue $790,646

TOTAL REVENUE $31,939,740

Expense Breakdown

Grants Paid $11,546,450

Salaries & Benefits $12,323,053

Fundraising Expenses $1,396,440

Program Expenses $28,596,689

Other Expenses $10,802,476

TOTAL EXPENSES $34,671,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,939,740	$29,623,992	+0.1%
Expenses	$34,671,979	$32,044,121	+0.1%
Net Income	$-2,732,239	$-2,420,129	+0.1%

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

596

Volunteers

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

$629,784

Total Directors

$629,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN ELIZABETH GARDINER	CHAIR	4.00	Officer Director	$0	$0	$0
MARTHANN SAMEK	VICE CO-CHAI	4.00	Officer Director	$0	$0	$0
HENRY LP SCHMELZER	VICE CO-CHAI	4.00	Officer Director	$0	$0	$0
RONALD E BEARD	SECRETARY	4.00	Officer Director	$4,200	$0	$4,200
BARCLAY CORBUS	TREASURER	8.00	Officer Director	$0	$0	$0
CYNTHIA BAKER	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY BASS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL BOLAND	TRUSTEE	2.00	Director	$0	$0	$0
JOYCE CACHO	TRUSTEE	2.00	Director	$0	$0	$0
ALYNE CISTONE	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER RICHARDS EVANS	TRUSTEE	2.00	Director	$0	$0	$0
ALLISON FUNDIS	TRUSTEE	2.00	Director	$0	$0	$0
MARIE GRIFFITH	TRUSTEE	2.00	Director	$0	$0	$0
NINA HORNER	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS LAPHAM	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD LAPSLEY	TRUSTEE	2.00	Director	$0	$0	$0
CASEY MALLINCKRODT	TRUSTEE	2.00	Director	$0	$0	$0
CHANDREYEE MITRA	TRUSTEE	2.00	Director	$0	$0	$0
ROLAND REYNOLDS	TRUSTEE	2.00	Director	$0	$0	$0
LAURA MCGIFFERT SLOVER	TRUSTEE	2.00	Director	$0	$0	$0
LAURA STONE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN W SULLENS	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDIA TURNBULL	TRUSTEE	2.00	Director	$0	$0	$0
DARRON COLLINS	PRESIDENT	35.00	Officer Director	$356,407	$22,214	$378,621
SYLVIA TORTI	PRESIDENT	35.00	Officer Director	$219,591	$27,372	$246,963
CARLYLE PAUL	ADMIN DEAN	35.00	Highest	$142,884	$36,234	$179,118
KENNETH HILL	ACADEMIC DEA	35.00	Highest	$117,219	$35,553	$152,772
TODD LITTLE-SIEBOLD	FACULTY	35.00	Highest	$114,111	$35,420	$149,531
HEATHER ALBERT-KNOPP	DEAN OF ADMI	35.00	Highest	$109,393	$28,144	$137,537
JOHN ANDERSON	FACULTY	35.00	Highest	$108,195	$20,215	$128,410

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	$31,939,740	$34,671,979	$155,722,122	$-2,732,239
2024	$29,623,992	$32,044,121	$150,222,816	$-2,420,129
2023	$28,002,873	$30,245,448	$141,928,490	$-2,242,575
2022	$26,542,064	$28,198,825	$133,676,028	$-1,656,761
2021	$29,857,761	$26,344,322	$141,147,121	$3,513,439
2020	$29,827,745	$26,293,076	$121,729,056	$3,534,669
2019	$37,373,999	$25,696,669	$115,439,208	$11,677,330

COLLEGE OF THE ATLANTIC