KENOSHA, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CARTHAGE COLLEGE, founded in 1870, is a major nonprofit in the Education sector that reported $124.0M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Net assets of $293.8M represent 28 months of operating reserves.
THE PRESIDENT OF THE ORGANIZATION IS THE ONLY RECIPIENT OF THE STATED BENEFITS APART FROM SOCIAL CLUB DUES. THE PRESIDENT AND THE DIRECTOR OF ATHLETICS ARE MEMBERS OF SOCIAL CLUBS FOR THE PURPOSE OF RAISING FUNDS FOR THE COLLEGE. THIS EXPENSE IS NOT INCLUDED IN THEIR TAXABLE BENEFITS AS ITS PURPOSE IS TO BENEFIT THE COLLEGE. THE PRESIDENT'S WIFE SOMETIMES ACCOMPANIES HIM TO FUNDRAISING EVENTS. THE COLLEGE HAS DETERMINED THAT THESE EXPENSES ARE COSTS FOR FUNDRAISING AND ARE NOT CONSIDERED TAXABLE BENEFITS. THE PRESIDENT LIVES IN COLLEGE-OWNED HOUSING AND THE COLLEGE PROVIDES REGULAR LIGHT CLEANING TO THE HOME. THE VALUE OF THE HOUSING AND THE CLEANING ARE CONSIDERED NONTAXABLE FRINGE BENEFITS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $123,979,926 | $132,470,161 | -0.1% |
| Expenses | $128,346,938 | $124,024,073 | +0.0% |
| Net Income | $-4,367,012 | $8,446,088 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALAN MILLS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW PALMEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES SUTTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE HOBBS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID WIERS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FREDERICK JOHN KRULL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY WILSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GINA MADRIGRANO FRIEBUS | FIRST VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HON CYNTHIA WALKER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HOYT HARPER II | SECOND VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF HAMAR | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF NEUBAUER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SWALLOW | PRESIDENT AND CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$634,994 | $104,639 | $739,633 |
| LEANN PEDERSEN POPE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LOREN SEMLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LUCY BROWN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIO NALYWAYKO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY BISHOP | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS PINCHUK | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK ANDERSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV DR PAUL ERICKSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV WAYNE MILLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD CHRISTMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD LABERGE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LEE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN HOPP | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS KELLEY III | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS KIESO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS MARTINEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENTE CEJA | VP FOR FINANCE AND CFO | 40.00 |
Officer
|
$154,216 | $21,755 | $175,971 |
| ABIGAIL HANNA | EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION | 40.00 |
Key Emp
|
$180,329 | $43,245 | $223,574 |
| BRIDGET HAGGERTY | VICE PRESIDENT OF ADVANCEMENT | 40.00 |
Key Emp
|
$176,954 | $24,253 | $201,207 |
| DAVID TIMMERMAN | PROVOST AND CHIEF OPERATING OFFICER | 40.00 |
Key Emp
|
$225,084 | $67,329 | $292,413 |
| MICHELE HANCOCK | VICE PRESIDENT FOR COLLEGE CULTURE FOR INCLUSION | 40.00 |
Key Emp
|
$188,455 | $9,740 | $198,195 |
| NICHOLAS MULVEY | VICE PRESIDENT FOR ENROLLMENT | 40.00 |
Key Emp
|
$163,877 | $54,859 | $218,736 |
| ASHLEY HANSON | VP FOR ENROLLMENT | 40.00 |
Highest
|
$117,204 | $59,422 | $176,626 |
| CORINNE NESS | DEAN, DIVISION OF ARTS AND HUMANITIES; PROGRAM DIR | 40.00 |
Highest
|
$126,793 | $33,712 | $160,505 |
| DAVID GARCIA | PROFESSOR - ENGLISH | 40.00 |
Highest
|
$126,256 | $46,201 | $172,457 |
| KEVIN CROSBY | DIRECTOR FOR THE WISCONSIN SPACE GRANT CONSORTIUM; | 40.00 |
Highest
|
$202,347 | $53,015 | $255,362 |
| NANCY REESE | DIRECTOR, NURSING ; DEPARTMENT CHAIR, NURSING; ASS | 40.00 |
Highest
|
$136,330 | $9,540 | $145,870 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $123,979,926 | $128,346,938 | $411,918,213 | $-4,367,012 |
| 2022 | $132,470,161 | $124,024,073 | $389,285,696 | $8,446,088 |
| 2021 | $125,157,339 | $114,873,777 | $408,772,143 | $10,283,562 |
| 2020 | $147,961,776 | $149,611,948 | $324,316,773 | $-1,650,172 |
| 2019 | $149,287,973 | $152,919,245 | $324,089,073 | $-3,631,272 |
| 2018 | $144,344,191 | $149,442,023 | $325,139,764 | $-5,097,832 |
| 2018 | $144,344,191 | $149,442,023 | $325,139,764 | $-5,097,832 |
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