KING'S COLLEGE

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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

1946

Legal Domicile

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

KING'S COLLEGE, A CATHOLIC COLLEGE IN THE HOLY CROSS TRADITION, PROVIDES STUDENTS WITH A BROAD-BASED LIBERAL ARTS EDUCATION WHICH OFFERS THE INTELLECTUAL, MORAL, AND SPIRITUAL PREPARATION THAT ENABLES THEM TO LEAD MEANINGFUL AND SATISFYING LIVES.

Program Service Accomplishments

Program 1

Expenses: $88,073,866 Revenue: $82,475,094

KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS...

KING'S COLLEGE IS A NOT-FOR-PROFIT EDUCATIONAL INSTITUTION WHICH PROVIDES UNDERGRADUATE, GRADUATE, AND PROFESSIONAL EDUCATION TO ITS STUDENTS. THE COLLEGE WAS FOUNDED IN 1946 AND WELCOMES STUDENTS INTO ITS COMMUNITY WITHOUT REGARD TO GENDER, RACE, RELIGION, DISABILITY, OR NATIONAL ORIGIN AND SEEKS TO ASSIST TALENTED STUDENTS OF MODEST FINANCIAL MEANS.THE COLLEGE HAS APPROXIMATELY 1,940 STUDENTS, OF WHICH 1,600 ARE FULL-TIME UNDERGRADUATES. APPROXIMATELY 92% OF THE COLLEGE'S PRESENT FULL-TIME UNDERGRADUATE STUDENT BODY IS COMPRISED OF RESIDENTS FROM PENNSYLVANIA, NEW YORK, AND NEW JERSEY.CONTINUED ON SCHEDULE O.DURING THE YEAR ENDED JUNE 30, 2024, THE COLLEGE PROVIDED STUDENT FINANCIAL AID FROM INTERNAL RESOURCES OF $36,004,000.

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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 (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

Governance

Voting Members

Independent Members

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

$216,088

Total Directors

Key Employees

$838,470

Highest Compensated

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