OLIVET COLLEGE

EIN: 381459365 501(c)(3) Education

OLIVET, MI

Total Revenue
$45,312,869
Total Expenses
$49,296,924
Total Assets
$79,301,204
Net Assets
$36,281,651
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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
1920
Legal Domicile
MI
Phone
2697497000
Tax Period
2024-07-01 to 2025-06-30

OLIVET COLLEGE, founded in 1920, is a mid-sized nonprofit in the Education sector that reported $45.3M in total revenue in fiscal year 2024.

Mission

PROVIDE UNDERGRADUATE AND GRADUATE INSTRUCTION, BOTH IN PERSON AND ONLINE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,545,169
Program Service Revenue $37,623,215
Investment Income $4,094,344
Other Revenue $50,141
TOTAL REVENUE $45,312,869

Expense Breakdown

Grants Paid $17,543,997
Salaries & Benefits $15,692,153
Fundraising Expenses $688,020
Program Expenses $42,531,556
Other Expenses $16,060,774
TOTAL EXPENSES $49,296,924

Year-over-Year Comparison

2024 2023 Change
Revenue $45,312,869 $43,013,011 +0.1%
Expenses $49,296,924 $46,924,444 +0.1%
Net Income $-3,984,055 $-3,911,433 +0.0%
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

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Governance

Voting Members
31
Independent Members
31
Employees
588
Volunteers
31

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
10
$0
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MARGARET DIMOND VICE CHAIR 2.0
Officer Director
$0 $0 $0
DR SHARON HOBBS SECRETARY 2.0
Officer Director
$0 $0 $0
DR TIMOTHY HODGE CHAIR 2.0
Officer Director
$0 $0 $0
JEFF WILDERN TREASURER 3.0
Officer Director
$0 $0 $0
ALBERT ROSENTHALER TRUSTEE 2.0
Director
$0 $0 $0
AUDRA CARSON TRUSTEE 2.0
Director
$0 $0 $0
BREANNA O'KEEFE TRUSTEE 2.0
Director
$0 $0 $0
CHUCK MEFFORD TRUSTEE 2.0
Director
$0 $0 $0
DAVID LABRECQUE TRUSTEE AT-LARGE 2.0
Director
$0 $0 $0
DENISE P HOOD TRUSTEE 2.0
Director
$0 $0 $0
DR ALYSSA KENISTON TRUSTEE 2.0
Director
$0 $0 $0
DR DARLENE LEE TRUSTEE 2.0
Director
$0 $0 $0
DR JOHN SCHWARZ TRUSTEE 2.0
Director
$0 $0 $0
DR JUSTIN KLAMERUS TRUSTEE 2.0
Director
$0 $0 $0
DR STEPHEN BURTON TRUSTEE 2.0
Director
$0 $0 $0
G ASENATH ANDREWS TRUSTEE 2.0
Director
$0 $0 $0
JAMES ROSE JR TRUSTEE 2.0
Director
$0 $0 $0
JAMEY FITZPATRICK TRUSTEE 2.0
Director
$0 $0 $0
JASON CONKIN TRUSTEE 2.0
Director
$0 $0 $0
JOHN JONES TRUSTEE AT-LARGE 2.0
Director
$0 $0 $0
KAREN PRESTON TRUSTEE 2.0
Director
$0 $0 $0
KAY KOSSEN TRUSTEE 2.0
Director
$0 $0 $0
LINDA HARLESTON-EATON TRUSTEE AT-LARGE 2.0
Director
$0 $0 $0
MIKE DIETERLE TRUSTEE 2.0
Director
$0 $0 $0
PAMELA HEOS TRUSTEE 2.0
Director
$0 $0 $0
ROD HATHAWAY TRUSTEE 2.0
Director
$0 $0 $0
SARA WALLACE TRUSTEE 2.0
Director
$0 $0 $0
SARAH JENNINGS TRUSTEE 2.0
Director
$0 $0 $0
SUE TOPPING TRUSTEE 2.0
Director
$0 $0 $0
THOMAS BURKE TRUSTEE 2.0
Director
$0 $0 $0
VERONICA MURFF TRUSTEE 2.0
Director
$0 $0 $0
CORNELIUS DARCY VP ENROLLMENT MANAGEMENT 40.0
Officer
$0 $0 $0
DR STEVEN COREY PRESIDENT 40.0
Officer
$0 $0 $0
MARK DERUITER VP/CFO 40.0
Officer
$0 $0 $0
PAUL BURKHARDT PROVOST 40.0
Officer
$0 $0 $0
RYAN SHOCKEY VP/CHIEF OF STAFF 40.0
Officer
$0 $0 $0
VICKI STOUFFER VP FOR ADVANCEMENT 40.0
Officer
$0 $0 $0
BARRY POULSON FACULTY 40.0
Highest
$0 $0 $0
DENNIS FRANK PROGRAM DIRECTOR, COUNSELING 40.0
Highest
$0 $0 $0
KAREN CHANEY ASSOC. PROVOST 40.0
Highest
$0 $0 $0
KIRK HENDERSHOTT-KRAETZER FACULTY 40.0
Highest
$0 $0 $0
PHILLIP REED FACULTY 40.0
Highest
$0 $0 $0
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 $45,312,869 $49,296,924 $79,301,204 $-3,984,055
2024 $43,013,011 $46,924,444 $78,829,826 $-3,911,433
2023 $38,755,787 $42,204,101 $64,213,247 $-3,448,314
2022 $41,045,976 $40,347,156 $55,278,439 $698,820
2021 $40,757,054 $39,367,738 $61,240,143 $1,389,316
2020 $37,903,463 $38,782,907 $58,476,879 $-879,444
2019 $35,663,921 $38,661,522 $60,466,366 $-2,997,601
2018 $39,566,327 $37,076,875 $61,002,165 $2,489,452
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