ALVERNO COLLEGE (EIN 390806263) - Form 990 Financial Analysis & Trantor Score

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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

1940

Legal Domicile

Principal Officer

CHRISTY BROWN

Phone

4143826000

Tax Period

2022-07-01 to 2023-06-30

ALVERNO COLLEGE, founded in 1940, is a mid-sized nonprofit in the Education sector that reported $41.6M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $55.1M exceeded revenue, resulting in a 33% operating deficit.

Mission

ALVERNO OFFERS UNDERGRADUATE PROGRAMS FOR WOMEN, AND ADULT AND GRADUATE PROGRAMS FOR WOMEN & MEN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,719,781

Program Service Revenue $35,227,517

Investment Income $613,083

Other Revenue $0

TOTAL REVENUE $41,560,381

Expense Breakdown

Grants Paid $11,291,845

Salaries & Benefits $23,706,074

Fundraising Expenses $884,761

Program Expenses $48,832,268

Other Expenses $20,053,140

TOTAL EXPENSES $55,098,893

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,560,381	$50,194,378	-0.2%
Expenses	$55,098,893	$53,907,225	+0.0%
Net Income	$-13,538,512	$-3,712,847	+2.6%

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

925

Volunteers

432

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

$1,177,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE M HUDSON	CHAIR	10.00	Officer Director	$0	$0	$0
KRISTINE OBRECHT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
S KATHLEEN O'BRIEN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ABIGAIL J NASH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA A KLUKA	BOARD MEMBER	8.00	Director	$0	$0	$0
BRUCE MYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
CECELIA I GORE	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD W LAYDEN JR	BOARD MEMBER (TERM 12/2023)	2.00	Director	$0	$0	$0
ELLEN HOPPER	BOARD MEMBER (JOINED 06/2023)	1.00	Director	$0	$0	$0
GINA SPANG	BOARD MEMBER	2.00	Director	$0	$0	$0
JACQUELYN FREDRICK	BOARD MEMBER (TERM 06/2023)	1.00	Director	$0	$0	$0
JIM MCKEOWN	BOARD MEMBER (TERM 06/2023)	1.00	Director	$0	$0	$0
JOVITA CARRANZA	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHLEEN FLANAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY MCCORMACK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARI-ANNE HECHMANN	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIANNE LUBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE GOLANOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARSHA SEHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHELLE WEBB DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT VENABLE	BOARD MEMBER	5.00	Director	$0	$0	$0
S MARY C SCHNEIDER	BOARD MEMBER	2.00	Director	$0	$0	$0
S MARY DIEZ	BOARD MEMBER (JOINED 06/2023)	1.00	Director	$0	$0	$0
SAMATHA MALDONADO	BOARD MEMBER	2.00	Director	$0	$0	$0
SYNEATHIA LAGRANT	BOARD MEMBER (JOINED 03/2023)	1.00	Director	$0	$0	$0
TAMMY BELTON-DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIA VERNON	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA CHANG	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH FOY	INTERIM PRESIDENT (AS OF 07/2022)	40.00	Officer	$209,215	$16,763	$225,978
DAWN PETERSON	CFO	40.00	Officer	$148,321	$23,821	$172,142
JILL DESMOND FORD	VP & CHIEF OF STAFF (TERM 12/2022)	40.00	Officer	$145,221	$8,060	$153,281
HEIDI ANDERSON-ISAACSON	VP OF STUDENT DEVELOPMENT & SUCCESS	40.00	Officer	$122,354	$26,003	$148,357
KATHERINE LUNDEEN	VP OF ENROLLMENT & MARKETING	40.00	Officer	$105,227	$26,182	$131,409
JODI EASTBERG INTERIM VP	OF ACADEMIC AFFAIRS (AS OF 11/2022)	40.00	Officer	$105,428	$22,533	$127,961
KIMBERLY MUENCH INTERIM VP	OF ADVANCEMENT (AS OF 09/2022)	40.00	Officer	$92,498	$20,926	$113,424
CHRISTA SHIELDS	VP OF ADVANCEMENT (TERM 09/2022)	40.00	Officer	$98,023	$6,442	$104,465
LAURIE KUNKEL-JORDAN	DEAN, SCHOOL OF NURSING	40.00	Highest	$147,251	$16,930	$164,181
PATRICIA VARGA	PROFESSOR OF NURSING	40.00	Highest	$115,018	$15,192	$130,210
JUSTIN LAMANNA	PROFESSOR OF BIOLOGY	40.00	Highest	$111,174	$14,434	$125,608
LINDA SHANTA	PROGRAM DIRECTOR DEMSN MESA	40.00	Highest	$109,703	$12,110	$121,813
KRISTIN VASQUEZ	PROFESSOR OF PSYCHOLOGY	40.00	Highest	$107,561	$5,792	$113,353

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$41,560,381	$55,098,893	$93,867,906	$-13,538,512
2022	$50,194,378	$53,907,225	$104,950,852	$-3,712,847
2021	$57,198,043	$52,681,453	$116,321,822	$4,516,590
2020	$48,396,806	$50,712,775	$101,890,326	$-2,315,969
2019	$50,194,339	$52,057,858	$99,613,485	$-1,863,519
2018	$49,967,181	$52,388,696	$100,838,834	$-2,421,515

ALVERNO COLLEGE