GRADUATE MANAGEMENT ADMISSION COUNCIL (EIN 237084339) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

JOY JONES

Phone

7036689600

Tax Period

2023-01-01 to 2023-12-31

GRADUATE MANAGEMENT ADMISSION COUNCIL, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $97.0M in total revenue in fiscal year 2018.

Mission

TO CREATE A WORLD WHERE EVERY PERSON CAN BENEFIT FROM THE BEST BUSINESS EDUCATION FOR THEM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $57,533,693

Investment Income $6,101,400

Other Revenue $105,606

TOTAL REVENUE $63,740,699

Expense Breakdown

Grants Paid $561,568

Salaries & Benefits $24,905,079

Fundraising Expenses $0

Program Expenses $55,014,352

Other Expenses $48,480,397

TOTAL EXPENSES $73,947,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,740,699	$63,026,606	+0.0%
Expenses	$73,947,044	$69,629,243	+0.1%
Net Income	$-10,206,345	$-6,602,637	+0.5%

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

116

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

$3,206,417

Total Directors

$875,837

Key Employees

$484,175

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY JONES	CHIEF PRODUCT OFFICER & GENERAL MGR.	40.00	Officer Director	$824,671	$51,166	$875,837
JON ERICKSON	CHAIR (TO 7/1/23)	1.00	Officer Director	$0	$0	$0
THEMIN SUWARDY	DIRECTOR (TO 7/1/23); CHAIR	1.00	Officer Director	$0	$0	$0
ISABELLE BAJEUX-BESNAINOU	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN BOEHM	DIRECTOR	1.00	Director	$0	$0	$0
MUKESH BUTANI	DIRECTOR	1.00	Director	$0	$0	$0
ITZIAR DE ROS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE DELMONICO	DIRECTOR	1.00	Director	$0	$0	$0
YUAN DING	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE DUGGAN	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS FERGUSON	DIRECTOR (FROM 7/1/23)	1.00	Director	$0	$0	$0
SANJIV KAPUR	DIRECTOR	1.00	Director	$0	$0	$0
KATY MONTGOMERY	DIRECTOR (TO 6/30/23)	1.00	Director	$0	$0	$0
JAY NIBBE	DIRECTOR	1.00	Director	$0	$0	$0
FRANCOIS ORTALO-MAGNE	DIRECTOR	1.00	Director	$0	$0	$0
ANA MARIA ZERMENO PADILLA	DIRECTOR (FROM 7/1/23)	1.00	Director	$0	$0	$0
GIUSEPPE SODA	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY WILBON	DIRECTOR	1.00	Director	$0	$0	$0
ASHISH BHARDWAJ	SR VP & HEAD, MARKET DEVELOPMENT	40.00	Officer	$548,700	$51,582	$600,282
JENNIFER MARTIN	CFO & HEAD, CORPORATE DEVELOPMENT	40.00	Officer	$523,741	$44,158	$567,899
KEVIN LEFEW	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$501,071	$26,725	$527,796
MAITE SALAZAR	CHIEF MARKETING OFFICER (TO 4/24/23)	40.00	Officer	$242,492	$15,109	$257,601
ADAM WITWER	CHIEF PRODUCT OFFICER (FROM 6/19/23)	40.00	Officer	$171,741	$19,056	$190,797
SARAH BENNETT	CHIEF MARKETING OFC. (FROM 6/15/23)	40.00	Officer	$162,341	$23,864	$186,205
ASHOK SARATHY	VP, PRODUCT MANAGEMENT OPERATIONS	40.00	Key Emp	$435,894	$48,281	$484,175
ROBIN EVERETT	VP, LEGAL	40.00	Highest	$424,843	$49,440	$474,283
SABRINA WHITE	VP, SCHOOL & INDUSTRY ENGAGEMENT	40.00	Highest	$442,425	$25,717	$468,142
KYUNGTYEK HAN	SR DIR, PSYCHOMETRICIAN	40.00	Highest	$261,532	$40,581	$302,113
ELAINE ALBERS	SR DIR, PRODUCT MANAGEMENT	40.00	Highest	$259,604	$24,205	$283,809
DAVID EELMAN	SR DIR, GLOBAL CONTROLLER	40.00	Highest	$252,366	$24,369	$276,735
SANGEET CHOWFLA	FORMER SR ADVISOR TO BOARD	40.00		$748,417	$5,004	$753,421

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
2024	No data	No data	No data	No data
2023	$63,740,699	$73,947,044	$191,084,951	$-10,206,345
2022	$63,026,606	$69,629,243	$191,283,214	$-6,602,637
2021	$77,127,681	$67,246,312	$230,212,828	$9,881,369
2020	$72,686,376	$76,079,385	$227,111,983	$-3,393,009
2019	$95,385,559	$101,133,934	$203,899,196	$-5,748,375
2018	$96,959,120	$95,373,780	$191,024,106	$1,585,340

GRADUATE MANAGEMENT ADMISSION COUNCIL