KING'S COLLEGE

EIN: 240804602 501(c)(3) Education

WILKESBARRE, PA

Total Revenue
$92,619,731
Total Expenses
$97,584,566
Total Assets
$264,342,123
Net Assets
$196,160,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
PA
Principal Officer
THOMAS P LOONEY CSC
Phone
5702085900
Tax Period
2023-07-01 to 2024-06-30

KING'S COLLEGE, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $92.6M in total revenue in fiscal year 2023. Net assets of $196.2M represent 25 months of operating reserves.

Mission

PROVIDES STUDENTS WITH A LIBERAL ARTS EDUCATION ENABLING THEM TO LEAD MEANINGFUL & SATISFYING LIVES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,865,263
Program Service Revenue $82,474,864
Investment Income $-1,042,276
Other Revenue $321,880
TOTAL REVENUE $92,619,731

Expense Breakdown

Grants Paid $36,529,223
Salaries & Benefits $34,917,698
Fundraising Expenses $1,398,218
Program Expenses $88,073,866
Other Expenses $26,137,645
TOTAL EXPENSES $97,584,566

Year-over-Year Comparison

2023 2022 Change
Revenue $92,619,731 $95,600,968 0.0%
Expenses $97,584,566 $96,085,562 +0.0%
Net Income $-4,964,835 $-484,594 +9.2%
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

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Governance

Voting Members
39
Independent Members
38
Employees
1010
Volunteers
100

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
5
$216,088
Total Directors
41
$0
Key Employees
4
$838,470
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS R SMITH CHAIR 3.00
Officer Director
$0 $0 $0
KATHLEEN MCCARTHY LAMBERT VICE CHAIR 3.00
Officer Director
$0 $0 $0
PATRICIA E SINEX SECRETARY 3.00
Officer Director
$0 $0 $0
RICHARD A ALLEY MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL W BUKOSKY DIRECTOR 1.00
Director
$0 $0 $0
CASSANDRA I COLEMAN DIRECTOR (AS OF 10/23) 1.00
Director
$0 $0 $0
REV JOHN F DENNING CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
BRENDAN P DOUGHER DIRECTOR 1.00
Director
$0 $0 $0
JOHN DOWD DIRECTOR 1.00
Director
$0 $0 $0
JIMMY D EDWARDS DIRECTOR 1.00
Director
$0 $0 $0
JANE B FEINSTEIN DIRECTOR 1.00
Director
$0 $0 $0
REV JAMES FOSTER CSC MD DIRECTOR 1.00
Director
$0 $0 $0
HEIDI GERDING DIRECTOR 1.00
Director
$0 $0 $0
REV DANIEL GROODY CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
MAUREEN A HANLON ESQ DIRECTOR 1.00
Director
$0 $0 $0
SCOTT HENRY DIRECTOR 1.00
Director
$0 $0 $0
FRANCIS J HOEGEN ESQ DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN HOSEY MD DIRECTOR 1.00
Director
$0 $0 $0
EDWARD F KEARNEY DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH E KLUGER ESQ DIRECTOR 1.00
Director
$0 $0 $0
ANN M KOLANOWSKI PHD DIRECTOR 1.00
Director
$0 $0 $0
REV WILLIAM LIES CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
PAUL J MANGANIELLO JR DIRECTOR 1.00
Director
$0 $0 $0
FRANK J MATTEI DIRECTOR (AS OF 10/23) 1.00
Director
$0 $0 $0
GARY MAZUR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL D MOLEWSKI DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY J MORRIS DIRECTOR 1.00
Director
$0 $0 $0
JOHN C MUTARELLI DIRECTOR 1.00
Director
$0 $0 $0
JOHN G NACKLEY DIRECTOR 1.00
Director
$0 $0 $0
JOHN D OBRIEN DIRECTOR 1.00
Director
$0 $0 $0
REV GERARD OLINGER CSC JD DIRECTOR 1.00
Director
$0 $0 $0
REV DANIEL PARRISH CSC DIRECTOR 1.00
Director
$0 $0 $0
REV MARK POORMAN CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
DAVID A SCHANKWEILER DIRECTOR 1.00
Director
$0 $0 $0
JAMES V SCHNEIDER DIRECTOR 1.00
Director
$0 $0 $0
BRO DONALD STABROWSKI CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
REV ANTHONY V SZAKALY CSC DIRECTOR 1.00
Director
$0 $0 $0
SUSAN E UNVARSKY DIRECTOR 1.00
Director
$0 $0 $0
REV OLIVER WILLIAMS CSC PHD DIRECTOR 1.00
Director
$0 $0 $0
DAVID J SELINGO ESQ DIRECTOR (UNTIL 10/23) 1.00
Director
$0 $0 $0
EBERHARD FABER DIRECTOR (UNTIL 10/23) 1.00
Director
$0 $0 $0
REV THOMAS P LOONEY CSC PRESIDENT 40.00
Officer
$0 $15,833 $15,833
JANET KOBYLSKI VP BUSINESS AFFAIRS/CFO/TREASURER 40.00
Officer
$177,832 $22,423 $200,255
CHRIS DEARTH VP ENROLLMENT MGMT AND MARKETING 40.00
Key Emp
$199,884 $23,092 $222,976
FREDERICK A PETTIT ESQ VP INSTUTIONAL ADV. (UNTIL 10/23) 40.00
Key Emp
$197,556 $3,906 $201,462
JOSEPH M EVAN PROVOST/VP ACADEMIC AFFAIRS 40.00
Key Emp
$181,901 $40,711 $222,612
ANITRA MCSHEA VP STUDENT AFFAIRS 40.00
Key Emp
$152,032 $39,388 $191,420
TARA SHAWVER PROFESSOR OF ACCOUNTING 40.00
Highest
$142,320 $2,800 $145,120
BARRY H WILLIAMS ESQ DEAN, BUSINESS SCHOOL 40.00
Highest
$139,200 $4,241 $143,441
PAUL J MORAN AVP IITS/CIO 40.00
Highest
$136,060 $26,749 $162,809
JILL YURKO PROFESSOR OF EDUCATION 40.00
Highest
$138,146 $2,317 $140,463
DARA SOLJAGA ASSOCIATE DEAN OF EDUCATION 40.00
Highest
$128,410 $2,939 $131,349
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 No data No data No data No data
2024 $92,619,731 $97,584,566 $264,342,123 $-4,964,835
2023 $95,600,968 $96,085,562 $259,989,612 $-484,594
2022 $93,732,066 $103,468,593 $268,680,451 $-9,736,527
2021 $118,353,435 $103,504,066 $274,438,730 $14,849,369
2020 $107,533,222 $103,090,997 $231,421,349 $4,442,225
2019 $107,525,898 $98,143,429 $231,221,358 $9,382,469
2018 $104,184,904 $93,183,579 $221,655,075 $11,001,325
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