Paine College (EIN 237434499) - Form 990 Financial Analysis & Trantor Score

🔒

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

1905

Legal Domicile

Principal Officer

Willie Hughey

Phone

7068218200

Tax Period

2024-07-01 to 2025-06-30

Paine College, founded in 1905, is a mid-sized nonprofit in the Education sector that reported $15.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To provide a liberal arts education of the highest quality that emphasizes academic excellence, ethical and spiritual values, social responsibility, and personal development.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $7,091,389

Program Service Revenue $7,130,095

Investment Income $456,119

Other Revenue $1,038,227

TOTAL REVENUE $15,715,830

Expense Breakdown

Grants Paid $1,353,028

Salaries & Benefits $303,107

Fundraising Expenses $0

Program Expenses $11,248,289

Other Expenses $14,728,948

TOTAL EXPENSES $16,385,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,715,830	$13,684,610	+0.1%
Expenses	$16,385,083	$14,875,757	+0.1%
Net Income	$-669,253	$-1,191,147	-0.4%

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

300

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

$303,107

Total Directors

$121,567

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Lester McCorn	President	040.00	Officer Director	$121,567	$0	$121,567
Mr Leroy Summers Jr	Vice President of Administration and Fiscal Affairs	040.00	Officer	$110,014	$0	$110,014
Ms Helene Carter	Vice President of Institutional Advancement	040.00	Officer	$71,526	$0	$71,526
Ms Barbara E Bouknight	Trustee	001.00	Director	$0	$0	$0
Ms Sharyn Doanes-Bergin	Trustee	001.00	Director	$0	$0	$0
Reverend James Cason	Trustee	001.00	Director	$0	$0	$0
Dr Carmichael Crutchfield	Secretary	001.00	Officer Director	$0	$0	$0
Dr Lenalda R Corley	Trustee	001.00	Director	$0	$0	$0
Mr J R Henderson	Trustee	001.00	Director	$0	$0	$0
Dr Barbara Burns Hall	Trustee	001.00	Director	$0	$0	$0
Dr Charles G Larke	Trustee	001.00	Director	$0	$0	$0
Mr Adams Roberts	Trustee	001.00	Director	$0	$0	$0
Reverend Jerry D Woodfork Sr	Trustee	001.00	Director	$0	$0	$0
Mr Okoroafor Nzeh	Trustee	001.00	Director	$0	$0	$0
Mr Michael L Thurmond	Chair	001.00	Officer Director	$0	$0	$0
Reverend Dr Tyrone Davis	Trustee	001.00	Director	$0	$0	$0
Bishop Sue Haupert-Johnson	Trustee	001.00	Director	$0	$0	$0
Reverend John Thompson	Trustee	001.00	Director	$0	$0	$0
Bishop Thomas L Brown Sr	Chair-Elect	001.00	Officer Director	$0	$0	$0
Dr Lester G Jackson	Vice Chair	001.00	Officer Director	$0	$0	$0
Ms Robin Dease	Trustee	001.00	Director	$0	$0	$0
Mr David Graves	Trustee	001.00	Director	$0	$0	$0
Mr Derrick Gross	Trustee	001.00	Director	$0	$0	$0
Mr Melvin W Lindsey	Trustee	001.00	Director	$0	$0	$0
Ms Tomekia Starks	Trustee	001.00	Director	$0	$0	$0
Ms Jacqueline I Scott	Trustee	001.00	Director	$0	$0	$0
Mr Victor Taylor	Trustee	001.00	Director	$0	$0	$0

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	$15,715,830	$16,385,083	$38,824,269	$-669,253
2024	$13,684,610	$14,875,757	$36,913,873	$-1,191,147
2023	$12,450,981	$13,237,853	$37,000,346	$-786,872
2022	$15,043,450	$13,772,542	$37,921,402	$1,270,908
2021	$10,570,569	$10,112,266	$39,651,651	$458,303
2020	$17,609,115	$16,614,108	$38,832,676	$995,007
2019	$16,282,255	$17,688,163	$37,979,810	$-1,405,908
2018	$15,311,156	$14,485,367	$34,669,856	$825,789

Paine College