Oberlin 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

1834

Legal Domicile

Phone

4407758460

Tax Period

2024-07-01 to 2025-06-30

Oberlin College, founded in 1834, is a major nonprofit in the Education sector that reported $363.0M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $344.4M left a modest 5% surplus.

Mission

Oberlin College and Conservatory educate students for lives of intellectual, musical and artistic rigor and breadth, sustained inquiry, creativity and innovation, and leadership. Oberlin aims to prepare graduates with the knowledge, skills, and perspectives essential to confront complex issues and to create change and value in the world. Oberlin is committed to educational access and opportunity, embraces a diverse and inclusive residential learning environment defined by a free and respectful exchange of ideas, and shares an enduring commitment to a sustainable and just society.

Program Service Accomplishments

Program 1

Expenses: $321,221,432 Revenue: $256,127,556

Oberlin College is a liberal arts institution made up of the College of Arts & Sciences and the Conservatory of Music. The College served 2,886 full-time equivalent undergraduate students, awarding scholarships to 2,957 of them. The average student received $37,555 in financial aid. The College is essentially residential. The balance of the student body is housed in private off campus housing within the City of Oberlin, Ohio.

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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 $31,984,608

Program Service Revenue $256,127,556

Investment Income $74,819,327

Other Revenue $43,109

TOTAL REVENUE $362,974,600

Expense Breakdown

Grants Paid $111,342,784

Salaries & Benefits $118,716,597

Fundraising Expenses $5,628,306

Program Expenses $321,221,432

Other Expenses $114,385,158

TOTAL EXPENSES $344,444,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$362,974,600	$467,773,605	-0.2%
Expenses	$344,444,539	$320,890,254	+0.1%
Net Income	$18,530,061	$146,883,351	-0.9%

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

2985

Volunteers

431

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

$4,324,771

Total Directors

$879,781

Key Employees

$1,577,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMEN AMBAR	PRESIDENT	40.0	Officer Director	$592,962	$286,819	$879,781
CHARLENE DREW JARVIS	TRUSTEE	2.0	Director	$0	$0	$0
CHUCK BIRENBAUM	TRUSTEE	2.0	Director	$0	$0	$0
CYNTHIA HOGAN	TRUSTEE	2.0	Director	$0	$0	$0
DAVID E SHIPLEY	TRUSTEE	2.0	Director	$0	$0	$0
DAVID ROSTOV	TRUSTEE	2.0	Director	$0	$0	$0
DAVID S KRISCHER	TRUSTEE	4.0	Director	$0	$0	$0
ED HELMS	TRUSTEE	2.0	Director	$0	$0	$0
ELIZABETH Barajas-Romn	TRUSTEE	2.0	Director	$0	$0	$0
ERIC R KATZMAN	TRUSTEE	2.0	Director	$0	$0	$0
FRANCISCO X DOMINGUEZ	TRUSTEE	2.0	Director	$0	$0	$0
GEORGIA YUAN	TRUSTEE	4.0	Director	$0	$0	$0
Hozefa Lokhandwala	TRUSTEE	4.0	Director	$0	$0	$0
Isabel Tadmiri	TRUSTEE	2.0	Director	$0	$0	$0
JACOB A GAYLE	TRUSTEE	2.0	Director	$0	$0	$0
JULIA STEYN	TRUSTEE	2.0	Director	$0	$0	$0
KOFI ASARE	TRUSTEE	2.0	Director	$0	$0	$0
LEE KOONCE	TRUSTEE	2.0	Director	$0	$0	$0
LILLIE JOHNSON EDWARDS	Board Vice Chair	8.0	Director	$0	$0	$0
LISA YVETTE WALLER	TRUSTEE	2.0	Director	$0	$0	$0
MAGHAN KEITA	TRUSTEE	2.0	Director	$0	$0	$0
MANDY TUONG	TRUSTEE	2.0	Director	$0	$0	$0
MENNA DEMESSIE	TRUSTEE	2.0	Director	$0	$0	$0
MINSOK PAK	TRUSTEE	2.0	Director	$0	$0	$0
MOLLY HORST RAPHAEL	TRUSTEE	2.0	Director	$0	$0	$0
PETER FLINT	TRUSTEE	2.0	Director	$0	$0	$0
ROBIN S BLACK	TRUSTEE	2.0	Director	$0	$0	$0
SEAN P GAVIN	TRUSTEE	4.0	Director	$0	$0	$0
Srimoyi Gunja SARKAR	TRUSTEE	2.0	Director	$0	$0	$0
STEPHAN FARBER	TRUSTEE	2.0	Director	$0	$0	$0
T CHRIS CANAVAN	Board Chair	8.0	Director	$0	$0	$0
DAVID HERTZ	Chief of Staff & Strategy Officer	40.0	Officer	$228,480	$56,473	$284,953
DAVID KAMITSUKA	DEAN OF ARTS & SCIENCES	40.0	Officer	$262,184	$112,697	$374,881
JOSHUA JENSEN	Vice President, Communications	40.0	Officer	$202,880	$36,939	$239,819
JULIENNE MELVIN	Associate Vice President for Finance and Administration	40.0	Officer	$183,300	$56,653	$239,953
KAREN GOFF	Vice President and Dean of Students	40.0	Officer	$252,243	$125,945	$378,188
MANUEL CARBALLO	Vice President/Dean of Admissions & Financial Aid	40.0	Officer	$235,942	$70,806	$306,748
MATTHEW LAHEY	Vice President, Gen Counsel & Secretary	40.0	Officer	$281,689	$74,037	$355,726
MICHAEL GRZESIAK	Vice President, Advancement	40.0	Officer	$268,315	$64,170	$332,485
NATALIE WINKELFOOS	Director Athletics & Physical Ed; Assoc VP Ath	40.0	Officer	$202,849	$44,208	$247,057
REBECCA VAZQUEZ-SKILLINGS	Vice President for Finance and Administration	40.0	Officer	$287,608	$75,093	$362,701
WILLIAM QUILLEN	DEAN OF CONSERVATORY	40.0	Officer	$257,742	$64,737	$322,479
JOSEPH VITALE JR	CHIEF HUMAN RESOURCES OFFICER	40.0	Key Emp	$194,766	$39,903	$234,669
JUN YANG	CHIEF INVESTMENT OFFICER	40.0	Key Emp	$755,043	$87,625	$842,668
KEVIN BROWN	CHIEF FACILITIES OFFICER	40.0	Key Emp	$209,560	$21,542	$231,102
MARCEL MUTSINDASHYAKA	Chief Information Officer	40.0	Key Emp	$205,040	$64,031	$269,071
JOHN DUCA	PROFESSOR	40.0	Highest	$226,902	$22,896	$249,798
KATARZYNA KARAPUDA	Associate Director of Investments	40.0	Highest	$272,505	$22,618	$295,123
LAURA BAUDOT	PROFESSOR	40.0	Highest	$195,673	$45,479	$241,152
MARIA MILLER	James Monroe Professor	40.0	Highest	$187,913	$17,790	$205,703
PETER SLOWIK	Professor	40.0	Highest	$198,264	$20,333	$218,597

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	$362,974,600	$344,444,539	$2,233,785,743	$18,530,061
2024	$467,773,605	$320,890,254	$2,117,814,822	$146,883,351
2023	$343,982,974	$309,146,279	$1,896,950,617	$34,836,695
2022	$421,346,096	$286,125,914	$1,820,320,492	$135,220,182
2021	$275,432,722	$251,268,793	$1,803,581,224	$24,163,929
2020	$305,531,376	$257,878,609	$1,432,118,020	$47,652,767
2019	$287,828,818	$260,014,745	$1,412,767,578	$27,814,073
2018	$271,435,973	$250,606,345	$1,384,458,402	$20,829,628