ALLEGHENY 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

1817

Legal Domicile

Principal Officer

RONALD B COLE PHD

Phone

8143324790

Tax Period

2024-07-01 to 2025-06-30

ALLEGHENY COLLEGE, founded in 1817, is a major nonprofit in the Education sector that reported $139.3M in total revenue in fiscal year 2024. Expenses of $131.6M left a modest 6% surplus.

Mission

ALLEGHENY'S UNDERGRADUATE RESIDENTIAL EDUCATION PREPARES YOUNG ADULTS FOR SUCCESSFUL, MEANINGFUL LIVES BY PROMOTING STUDENTS' INTELLECTUAL, MORAL, AND SOCIAL DEVELOPMENT AND ENCOURAGING PERSONAL AND CIVIC RESPONSIBILITY.ALLEGHENY'S FACULTY AND STAFF COMBINE HIGH ACADEMIC STANDARDS AND A COMMITMENT TO THE EXCHANGE OF KNOWLEDGE WITH A SUPPORTIVE APPROACH TO LEARNING. GRADUATES ARE EQUIPPED TO THINK CRITICALLY AND CREATIVELY, WRITE CLEARLY, SPEAK PERSUASIVELY, AND MEET CHALLENGES IN A DIVERSE, INTERCONNECTED WORLD.

Program Service Accomplishments

Program 1

Expenses: $101,349,068 Revenue: $62,113,340

INSTRUCTION & SCHOLARSHIP EXPENDITURES: FOUNDED IN 1815, ALLEGHENY COLLEGE IS ONE OF THE NATION'S MOST HISTORIC AND INNOVATIVE FOUR-YEAR COLLEGES. WITH THE DISTINCT REQUIREMENT OF COMPLETING A MAJOR AND MINOR IN DIFFERENT ACADEMIC AREAS AND GUARANTEED RESEARCH EXPERIENCES, STUDENTS RECEIVE MULTIDISCIPLINARY LEARNING THAT DEVELOPS CAREER-READY SKILLS, EQUIPPING GRADUATES FOR A LIFE OF PURPOSE AND IMPACT. THE COLLEGE IS REPEATEDLY RECOGNIZED BY THE U.S. NEWS & WORLD REPORT FOR ITS FIRST-YEAR EXPERIENCE, SENIOR CAPSTONE, UNDERGRADUATE RESEARCH AND TEACHING, AND AS A TOP PERFORMER IN SOCIAL MOBILITY. SEE CONTINUATION ON SCHEDULE O.THE COLLEGE PROVIDED $45 MILLION TO FINANCIALLY ASSIST STUDENTS ATTAIN THEIR DEGREE FROM GIFTS, GRANTS, ENDOWMENT INCOME AND COLLEGE RESOURCES.ALLEGHENY ACHIEVED CLIMATE NEUTRALITY IN 2020. THERE ARE 40 MAJOR BUILDINGS ON CAMPUS, A CENTRAL CAMPUS AREA OF 79 ACRES, A RECREATION AREA AROUND CAMPUS OF 203 ACRES, AND THE BOUSSON FOREST NATURE PRESERVE OF 283 ACRES.

Program 2

Expenses: $13,974,478 Revenue: $17,285,651

AUXILIARY ENTERPRISES: THE COLLEGE'S AUXILIARIES EXIST PRIMARILY TO FURNISH GOODS AND SERVICES TO ENROLLED STUDENTS, FACULTY AND STAFF. THESE SERVICES PRIMARILY CONSIST OF ON-CAMPUS HOUSING SERVICES...

Program 3

Expenses: $1,765,153 Revenue: $11,500

IN FY 25, ALLEGHENY COLLEGE OPENED ALIC @ BESSEMER, ITS BRANCH CAMPUS CREATED TO BUILD THE REGIONAL MANUFACTURING WORKFORCE. IN 2025, WE DEVELOPED AND LAUNCHED 21 TECHNICAL TRAINING COURSES ON...

IN FY 25, ALLEGHENY COLLEGE OPENED ALIC @ BESSEMER, ITS BRANCH CAMPUS CREATED TO BUILD THE REGIONAL MANUFACTURING WORKFORCE. IN 2025, WE DEVELOPED AND LAUNCHED 21 TECHNICAL TRAINING COURSES ON TECHNOLOGIES SUCH AS CNC MACHINING, ROBOTICS, AUTOMATION, PROGRAMMABLE LOGIC CONTROLS, INDUSTRIAL ELECTRICAL SYSTEMS, AND PROFESSIONAL DEVELOPMENT TOOLS SUCH AS EXCEL AND LEADERSHIP STRATEGIES. THE COMPONENTS OF ALIC @ BESSEMER:- TECHNICAL TRAINING FACILITYALIC @ BESSEMER OFFERS HIGH-TECH, ADVANCED MANUFACTURING PROCESSES AND OPERATIONS TRAINING PROGRAMS FOR INCUMBENT WORKERS, RECENT HIGH SCHOOL GRADUATES, AND UNDEREMPLOYED INDIVIDUALS. SEE CONTINUATION ON SCHEDULE O.ALIC WAS RECENTLY GRANTED ACCREDITATION THROUGH THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION, ALLOWING OUR COURSES TO BE CREDIT-BEARING STARTING IN THE FALL OF 2025.- VENTURE STUDIOSWHERE WE, ALONGSIDE INDUSTRY PARTNERS, IDEATE ON THE FUTURE OF MANUFACTURING, SPINNING OFF STARTUPS TO SOLVE NEAR-FUTURE CHALLENGES.- APPLIED RESEARCH LABORATORIESOUR FOUR-YEAR STUDENTS FROM ACROSS CAMPUS WILL WORK ALONGSIDE INDUSTRY PARTNERS ON APPLIED RESEARCH OPPORTUNITIES. THEY WILL DEPLOY THE THEORETICAL KNOWLEDGE GAINED THROUGH THEIR RIGOROUS ALLEGHENY EDUCATION TO REAL-WORLD APPLICATIONS DEFINED BY OUR INDUSTRY PARTNERS.- SHARED USE - ALIC @ BESSEMER EQUIPMENT WILL BE AVAILABLE FOR OUR INDUSTRY PARTNERS TO RENT TIME ON, ALLEVIATING INTERNAL CAPACITY ISSUES AND GIVING THEM ACCESS TO HIGH-END MACHINERY THAT MIGHT OTHERWISE BE OUT OF REACH.

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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 $46,371,850

Program Service Revenue $79,410,491

Investment Income $13,495,169

Other Revenue $52,126

TOTAL REVENUE $139,329,636

Expense Breakdown

Grants Paid $45,761,701

Salaries & Benefits $38,842,927

Fundraising Expenses $3,575,275

Program Expenses $117,088,699

Other Expenses $47,040,852

TOTAL EXPENSES $131,645,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,329,636	$141,186,287	0.0%
Expenses	$131,645,480	$128,591,001	+0.0%
Net Income	$7,684,156	$12,595,286	-0.4%

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

1323

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

$1,069,926

Total Directors

$406,845

Key Employees

$274,675

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD B COLE PHD	PRESIDENT & CEO	50.00	Officer Director	$367,492	$39,353	$406,845
MARY FEELEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVEN D LEVINSKY	CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTIAN L ALLISON	TRUSTEE	2.00	Director	$0	$0	$0
MARY AMSDELL	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA STEINER BALL	TRUSTEE (ENTERED 2/25)	2.00	Director	$0	$0	$0
KEVIN BAIRD	TRUSTEE	2.00	Director	$0	$0	$0
ED BORKOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
MARK CAMPBELL	TRUSTEE	2.00	Director	$0	$0	$0
CAROL ST CLAIR CHLYSTEK	TRUSTEE	2.00	Director	$0	$0	$0
CURT A CRAMER	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER DAURORA	TRUSTEE	2.00	Director	$0	$0	$0
ANTONIO DIAS	TRUSTEE	2.00	Director	$0	$0	$0
GARY ELLIOT	TRUSTEE (EXITED 9/24)	2.00	Director	$0	$0	$0
TERRENCE L HARTFORD	TRUSTEE	2.00	Director	$0	$0	$0
ALY KASSAM-REMTULLA	TRUSTEE	2.00	Director	$0	$0	$0
DUSTY E KIRK	TRUSTEE	2.00	Director	$0	$0	$0
JOHN KUTZ	TRUSTEE	2.00	Director	$0	$0	$0
VICTORIA A LIPNIC	TRUSTEE	2.00	Director	$0	$0	$0
MARK MARUSZEWSKI	TRUSTEE	2.00	Director	$0	$0	$0
BISHOP CYNTHIA MOORE-KOIKIO	TRUSTEE	2.00	Director	$0	$0	$0
AFUA OSEI	TRUSTEE	2.00	Director	$0	$0	$0
DERRICK OWENS	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS J SADVARY	TRUSTEE	2.00	Director	$0	$0	$0
JULIE G SKATTUM	TRUSTEE	2.00	Director	$0	$0	$0
SUE STEVEN	TRUSTEE	2.00	Director	$0	$0	$0
HAYES C STOVER	TRUSTEE	2.00	Director	$0	$0	$0
JOHN F SUTPHEN	TRUSTEE	2.00	Director	$0	$0	$0
EDDIE TAYLOR JR	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE R THOMPSON	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA BUSH TIPPIE	TRUSTEE	2.00	Director	$0	$0	$0
ALBERT R TREZZA	TRUSTEE	2.00	Director	$0	$0	$0
KAREN UBELHART	TRUSTEE	2.00	Director	$0	$0	$0
SEAN P WARD	TRUSTEE	2.00	Director	$0	$0	$0
JAMES O WIBLE	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA WYCOFF	TRUSTEE	2.00	Director	$0	$0	$0
ELLEN YOUNT	TRUSTEE	2.00	Director	$0	$0	$0
NANCY A YOVETICH	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS F ZIEGLER	TRUSTEE	2.00	Director	$0	$0	$0
LANCE ZINGALE JR	TRUSTEE	2.00	Director	$0	$0	$0
LINDA S WETSELL	CFO/ VP OF FINANCE/ TREASURER	50.00	Officer	$252,356	$32,920	$285,276
ANGELA HADDAD PROVOST AND	DEAN OF COLLEGE (EXITED 8/24)	50.00	Officer	$183,409	$21,304	$204,713
DEBRA L FITZSIMONSPHD	CFO/ VP/TREASURER (ENTERED 2/25)	50.00	Officer	$0	$0	$0
JENNIFER DEARDEN	INTERIM PROVOST, SECRETARY	50.00	Officer	$163,353	$9,739	$173,092
MATTHEW STINSON	VP FOR INSTITUTIONAL ADVANCEMENT	50.00	Key Emp	$253,196	$21,479	$274,675
KATRINA COPELAND-YEUNG	CIO	50.00	Highest	$169,399	$21,323	$190,722
IAN BINNINGTON	DEAN FOR STUDENT SUCCESS	50.00	Highest	$161,980	$10,320	$172,300
HEATHER ROBERSON DEAN OF	STUDENT & COMMUNITY DEVELOPMENT	50.00	Highest	$137,642	$16,229	$153,871
JOSEPH MICHAEL	DIRECTOR OF FACILITIES	50.00	Highest	$161,487	$9,535	$171,022
JENNIFER WINGE	VP ENROLLMENT	50.00	Highest	$137,891	$12,699	$150,590

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	$139,329,636	$131,645,480	$468,360,473	$7,684,156
2024	$141,186,287	$128,591,001	$439,967,356	$12,595,286
2023	$116,596,893	$131,364,869	$415,584,668	$-14,767,976
2022	$130,249,949	$135,407,744	$421,873,412	$-5,157,795
2021	$127,179,647	$127,599,686	$456,702,968	$-420,039
2020	$133,276,189	$132,597,375	$394,705,721	$678,814
2019	$138,171,379	$129,002,892	$397,585,888	$9,168,487
2018	$135,115,141	$133,397,426	$385,272,210	$1,717,715