OLIVET 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

1920

Legal Domicile

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

TO PROVIDE A UNIQUE LIBERAL ARTS EDUCATION ALLOWING STUDENTS TO ENGAGE IN BOTH CURRICULAR AND CO CURRICULAR PROGRAMS THAT COMBINE REAL WORLD EXPERIENCES WITH LECTURES AND SERVICE LEARNING.

Program Service Accomplishments

Program 1

Expenses: $17,453,997

FINANCIAL AID IN VARIOUS FORMS TO ASSIST INDIVIDUALS IN FINANCING THEIR UNDERGRAUATE EDUCATION. 944 STUDENTS BENEFITTED.

Program 2

Expenses: $9,663,840 Revenue: $7,898,978

NON-EDUCATIONAL EVENTS FOR STUDENTS - CO-CURRICULAR PROGRAMS OFFERED TO STUDENTS. THIS INCLUDES ATHLETICS AND STUDENT LIFE EVENTS TO ENHANCE THE EDUCATIONAL EXPERIENCE.

Program 3

Expenses: $8,420,052 Revenue: $28,231,189

INSTRUCTION AND RELATED SUPPORT - PROVIDING A LIBERAL ARTS UNDERGRADUATE EDUCATION. 851 UNDERGRADUATE STUDENTS ENROLLED IN FISCAL YEAR 2024-25.

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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 $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

Governance

Voting Members

Independent Members

Employees

588

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

Total Directors

Key Employees

Highest Compensated

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