LAFAYETTE COLLEGE (EIN 240795686) - 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

1826

Legal Domicile

Principal Officer

NICOLE FARMER HURD

Phone

6103305136

Tax Period

2024-07-01 to 2025-06-30

LAFAYETTE COLLEGE, founded in 1826, is a major nonprofit in the Education sector that reported $335.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $292.3M left a modest 13% surplus.

Mission

PROVISION OF EDUCATIONAL SERVICES AS AN ACCREDITED FOUR-YEAR UNDERGRADUATE COLLEGE.

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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 $43,415,297

Program Service Revenue $222,680,307

Investment Income $65,249,617

Other Revenue $3,881,440

TOTAL REVENUE $335,226,661

Expense Breakdown

Grants Paid $74,332,949

Salaries & Benefits $113,419,523

Fundraising Expenses $4,704,393

Program Expenses $254,907,363

Other Expenses $103,939,386

TOTAL EXPENSES $292,271,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$335,226,661	$262,517,308	+0.3%
Expenses	$292,271,663	$278,282,629	+0.1%
Net Income	$42,954,998	$-15,765,321	-3.7%

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

2602

Volunteers

3961

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

$1,782,457

Total Directors

$1,133,570

Key Employees

$2,129,492

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE F HURD	PRESIDENT	50.00	Officer Director	$1,027,882	$105,688	$1,133,570
ROBERT E SELL	CHAIR	5.00	Officer Director	$0	$0	$0
LINDA ASSANTE CARRASCO	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ANGEL L MENDEZ	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES R BIRLE JR	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
ANTONIO F FERNANDEZ	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
SUSAN L FOX	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
LEO A HELMERS	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
JEFFERSON W KIRBY	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
PAMELA S PASSMAN	EXECUTIVE COMMITTEE	3.00	Director	$0	$0	$0
JAMES L BENJAMIN	TRUSTEE	2.00	Director	$0	$0	$0
KIMBERLY W BENSTON	TRUSTEE	2.00	Director	$0	$0	$0
HARRY S CHERKEN	TRUSTEE	2.00	Director	$0	$0	$0
SEBASTIAN J CRAPANZANO	TRUSTEE	2.00	Director	$0	$0	$0
TANUJA MAJUMDAR DEHNE	TRUSTEE	2.00	Director	$0	$0	$0
LANETA J DORFLINGER	TRUSTEE	2.00	Director	$0	$0	$0
JOHNATHAN S ELLIS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN A FRY	TRUSTEE	2.00	Director	$0	$0	$0
KIRSTI WELLS GOODWIN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL C HEANEY	TRUSTEE	2.00	Director	$0	$0	$0
HAROLD N KAMINE	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDINE D LILIEN	TRUSTEE	2.00	Director	$0	$0	$0
JUDSON C LINVILLE	TRUSTEE	2.00	Director	$0	$0	$0
KAMAKA R MARTIN	TRUSTEE	2.00	Director	$0	$0	$0
D CHRISTIAN MCCUMBER	TRUSTEE	2.00	Director	$0	$0	$0
QUINCY L MILLER	TRUSTEE	2.00	Director	$0	$0	$0
JB REILLY	TRUSTEE	2.00	Director	$0	$0	$0
JOSE A RODRIGUEZ	TRUSTEE	2.00	Director	$0	$0	$0
DAVID M ROTH	TRUSTEE	2.00	Director	$0	$0	$0
PETER S RUGGIERO	TRUSTEE	2.00	Director	$0	$0	$0
JOHN C SANTOS JR	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM H SPENCE	TRUSTEE	2.00	Director	$0	$0	$0
WYNNE A WHITMAN	TRUSTEE	2.00	Director	$0	$0	$0
ALVIN M YEARWOOD	TRUSTEE	2.00	Director	$0	$0	$0
AUDRA J KAHR	EVP FINANCE & ADMINISTRATION	50.00	Officer	$413,852	$50,002	$463,854
LAURA MCGRANE	PROVOST (AS OF 07/2024)	50.00	Officer	$147,375	$37,658	$185,033
KRISHNA MEMANI	CHIEF INVESTMENT OFFICER	50.00	Key Emp	$960,549	$49,239	$1,009,788
SHERRYTA FREEMAN	DIRECTOR OF ATHLETICS	50.00	Key Emp	$308,955	$36,679	$345,634
FORREST STUART	VP ENROLLMENT MANAGEMENT	50.00	Key Emp	$254,706	$40,221	$294,927
ALMA SCOTT-BUCZAK	ASSOC VP HUMAN RESOURCES	50.00	Key Emp	$203,574	$33,275	$236,849
SARAH MOSCHENROSS	VP FOR STUDENT LIFE	50.00	Key Emp	$205,321	$36,973	$242,294
JOHN R DAILEY	DIRECTOR OF INVESTMENTS	50.00	Highest	$482,908	$43,447	$526,355
LI ZHAO	DIR. OF INVESTMENTS (THRU 05/2025)	50.00	Highest	$468,437	$27,572	$496,009
JOHN D TROXELL	HEAD COACH - FOOTBALL	50.00	Highest	$274,818	$43,504	$318,322
BRUCE A MURPHY	KIRBY PROFESSOR OF GOVERNMENT & LAW	50.00	Highest	$287,659	$43,759	$331,418
JOHN KINCAID - MEYNER PROF	OF GOV.& PUBLIC SVCS.	50.00	Highest	$279,876	$34,961	$314,837
JOHN E MEIER	PROVOST (THRU 06/2024)	50.00		$189,256	$49,637	$238,893
JOHN L O'KEEFE - VP CHIEF	INFORMATION OFFICER (THRU 10/2024)	50.00		$215,026	$34,997	$250,023
LESLIE MUHLFELDER	FORMER GENERAL COUNSEL (THRU 06/2024	50.00		$184,548	$0	$184,548

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	$335,226,661	$292,271,663	$1,841,384,079	$42,954,998
2024	No data	No data	No data	No data
2023	$258,966,915	$258,407,731	$1,649,595,334	$559,184
2022	$266,381,429	$241,181,437	$1,574,043,978	$25,199,992
2021	$234,245,342	$205,645,124	$1,615,001,306	$28,600,218
2020	$228,460,340	$228,590,896	$1,381,563,896	$-130,556
2019	$234,681,594	$229,795,481	$1,387,145,011	$4,886,113
2018	$262,865,295	$215,351,015	$1,376,620,355	$47,514,280

LAFAYETTE COLLEGE