Aquinas College

EIN: 381367080 501(c)(3) Education

Grand Rapids, MI

Total Revenue
$59,580,396
Total Expenses
$61,128,137
Total Assets
$126,721,704
Net Assets
$86,067,086
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1892
Legal Domicile
MI
Phone
6166328900
Tax Period
2024-07-01 to 2025-06-30

Aquinas College, founded in 1892, is a mid-sized nonprofit in the Education sector that reported $59.6M in total revenue in fiscal year 2024.

Mission

AQUINAS COLLEGE STRIVES TO BE AMONG THE PREMIER CATHOLIC COLLEGES IN THE MIDWEST RECOGNIZED FOR ITS EXCELLENCE IN PREPARING THE WHOLE PERSON TO LEAD A LIFE OF PURPOSE AND SUCCESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,322,343
Program Service Revenue $47,498,329
Investment Income $3,367,574
Other Revenue $392,150
TOTAL REVENUE $59,580,396

Expense Breakdown

Grants Paid $24,958,384
Salaries & Benefits $18,718,894
Fundraising Expenses $940,627
Program Expenses $51,538,926
Other Expenses $17,431,841
TOTAL EXPENSES $61,128,137

Year-over-Year Comparison

2024 2023 Change
Revenue $59,580,396 $57,216,114 +0.0%
Expenses $61,128,137 $61,505,561 0.0%
Net Income $-1,547,741 $-4,289,447 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
832
Volunteers
15

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
7
$585,134
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN LOWERY Chair 0.6
Officer Director
$0 $0 $0
MARGARET KENNEDY Treasurer 0.6
Officer Director
$0 $0 $0
ROBERT WOODHOUSE JR Vice Chair 0.6
Officer Director
$0 $0 $0
ANDOLA MATHIS TRUSTEE 0.6
Director
$0 $0 $0
CONOR DUGAN TRUSTEE 0.6
Director
$0 $0 $0
Hillary Roelofs Trustee 0.6
Director
$0 $0 $0
JOE MURPHY TRUSTEE 0.6
Director
$0 $0 $0
Michael Gagnon Trustee 0.6
Director
$0 $0 $0
NAZAR MASSOUH TRUSTEE 0.6
Director
$0 $0 $0
RICK HEUVELMAN TRUSTEE 0.6
Director
$0 $0 $0
SR BARBARA REID OP TRUSTEE 0.6
Director
$0 $0 $0
Sr Megan McElroy OP Trustee 0.6
Director
$0 $0 $0
Sr Nathalie Meyer OP Trustee 0.6
Director
$0 $0 $0
ALICIA CORDOBA PRESIDENT (LEFT 04/25) 40.0
Officer
$296,877 $35,656 $332,533
Sr Maureen Geary OP President (Start 04/25) 40.0
Officer
$0 $0 $0
TERRY KELLER PROVOST 40.0
Officer
$89,585 $9,773 $99,358
TIMOTHY STAFFORD Vice President for Finance 40.0
Officer
$123,440 $29,803 $153,243
Brian Divita Associate Professor Business Administration 40.0
Highest
$136,701 $29,153 $165,854
Brian Matzke Vice President for Enrollment Management 40.0
Highest
$123,440 $32,397 $155,837
David Cunningham Director, NetVUE 40.0
Highest
$157,239 $23,259 $180,498
Kelly Scott AVP FOR FINANCE AND HUMAN RESOURCES 40.0
Highest
$120,348 $11,754 $132,102
SCOTT TRAVIS VICE PRESIDENT FOR ADVANCEMENT 40.0
Highest
$106,934 $19,059 $125,993
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 $59,580,396 $61,128,137 $126,721,704 $-1,547,741
2024 $57,216,114 $61,505,561 $126,439,005 $-4,289,447
2023 $52,349,488 $62,364,652 $128,075,406 $-10,015,164
2022 $60,566,331 $62,222,103 $130,597,146 $-1,655,772
2021 $65,312,354 $59,946,129 $140,086,964 $5,366,225
2020 $57,861,871 $61,599,079 $134,653,902 $-3,737,208
2019 $58,852,733 $62,211,496 $132,164,257 $-3,358,763
2018 $64,923,645 $61,439,544 $125,363,978 $3,484,101
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Aquinas College with other nonprofits in Michigan and across the country.