BELOIT COLLEGE (EIN 390808497) - 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

1846

Legal Domicile

Principal Officer

DR ERIC BOYNTON

Phone

6083632250

Tax Period

2024-07-01 to 2025-06-30

BELOIT COLLEGE, founded in 1846, is a mid-sized nonprofit in the Education sector that reported $99.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $90.6M left a modest 9% surplus.

Mission

BELOIT COLLEGE IS A RESIDENTIAL, INDEPENDENT, NATIONAL LIBERAL ARTS COLLEGE AND WISCONSIN'S OLDEST CONTINUOUS INSTITUTION OF HIGHER LEARNING. THE COLLEGE IS A NATIONAL LEADER IN DELIVERING A RIGOROUS, TIME-TESTED LIBERAL ARTS EXPERIENCE THAT STUDENTS ARE REQUIRED TO APPLY AND TEST IN THEIR CHOSEN FIELDS OF STUDY, LOCAL COMMUNITY, SOCIAL ORGANIZATIONS AND AROUND THE WORLD. THE COLLEGE'S COMMITMENT TO ITS STUDENTS, FACULTY, STAFF, NAMESAKE CITY AND WORLD ARE CALLED OUT IN ITS MISSION STATEMENT, A STUDENT-RATIFIED STATEMENT OF CULTURE, AS WELL AS ITS PUBLIC COMMITMENTS TO INCLUSIVITY AND DIVERSITY, ACCESS, AND THE PUBLIC GOOD. TO LEARN MORE ABOUT BELOIT, VISIT WWW.BELOIT.EDU/OUR-STORY/.

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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 $16,103,792

Program Service Revenue $62,332,967

Investment Income $4,546,768

Other Revenue $16,738,385

TOTAL REVENUE $99,721,912

Expense Breakdown

Grants Paid $39,376,676

Salaries & Benefits $23,569,814

Fundraising Expenses $2,261,720

Program Expenses $72,535,430

Other Expenses $27,703,447

TOTAL EXPENSES $90,649,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,721,912	$82,394,916	+0.2%
Expenses	$90,649,937	$85,855,097	+0.1%
Net Income	$9,071,975	$-3,460,181	-3.6%

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

1019

Volunteers

144

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

$2,041,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DONALD CARSON	CHAIR	1.00	Officer Director	$0	$0	$0
MR CHRISTOPHER D BARTOL	TRUSTEE	1.00	Director	$0	$0	$0
MR ALEX CATALAN	TRUSTEE	1.00	Director	$0	$0	$0
MR STEVE ELDRED	TRUSTEE	1.00	Director	$0	$0	$0
MR RAJ FERNANDO	TRUSTEE	1.00	Director	$0	$0	$0
MR BILL FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
MR PAUL FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
MS LESLEY FREEMAN	TRUSTEE	1.00	Director	$0	$0	$0
MS JO FROMAN	TRUSTEE	1.00	Director	$0	$0	$0
MR ALAN GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
MR AL GERHARDSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
MR PHEE BOON KANG	TRUSTEE	1.00	Director	$0	$0	$0
MR DONALD KENT	TRUSTEE	1.00	Director	$0	$0	$0
MS TORI J KEY	TRUSTEE	1.00	Director	$0	$0	$0
MS JOANNA KUTTER	TRUSTEE	1.00	Director	$0	$0	$0
MR STEPHEN MAHLE	TRUSTEE	1.00	Director	$0	$0	$0
MR JONATHAN MASON	TRUSTEE	1.00	Director	$0	$0	$0
MS CECILY MAJERUS	TRUSTEE	1.00	Director	$0	$0	$0
MR TIM MCKEVETT	TRUSTEE	1.00	Director	$0	$0	$0
MR ZACH MESSITTE	TRUSTEE	1.00	Director	$0	$0	$0
MS JUDITH MILLER	TRUSTEE	1.00	Director	$0	$0	$0
MR DICK NIEMIEC	TRUSTEE	1.00	Director	$0	$0	$0
MS SUDHA PAVULURI QUAMME MD	TRUSTEE	1.00	Director	$0	$0	$0
MS ANGELA RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
MR ROY SCHNEIDERMAN	TRUSTEE	1.00	Director	$0	$0	$0
MR ROBERT SHAW	TRUSTEE	1.00	Director	$0	$0	$0
MR THOMAS WALCOTT	TRUSTEE	1.00	Director	$0	$0	$0
MS NINA WEISSBERG	TRUSTEE	1.00	Director	$0	$0	$0
MR DON WYATT	TRUSTEE	1.00	Director	$0	$0	$0
MR ERIC BOYNTON	PRESIDENT	40.00	Officer	$336,926	$61,173	$398,099
MR DANIEL SCHOOFF	VP DEVELOPMENT UNTIL 2/18/25	40.00	Officer	$185,426	$51,163	$236,589
MR CECIL YOUNGBLOOD	DEAN OF STUDENTS UNTIL 12/31/24	40.00	Officer	$178,880	$26,597	$205,477
MS DONNA OLIVER INTERIM	PROVOST AND DEAN OF THE COLLEGE	40.00	Officer	$182,024	$24,735	$206,759
MS TIFFANY CIPOLLONE	VP OF DEVELOPMENT	40.00	Officer	$134,698	$31,863	$166,561
MS LORRAINE RHEAD	VICE PRESIDENT FOR HR & OPERATIONS	40.00	Officer	$179,491	$0	$179,491
MR TIMOTHY J LESLIE VP OF	FINANCE, STRATEGY & OPERATIONS	40.00	Officer	$121,176	$42,853	$164,029
MS ELLENOR ANDERBYRNE	SECRETARY/CHIEF OF STAFF	40.00	Officer	$90,155	$49,436	$139,591
MS KAREN SCHEDIN	VP FOR ENROLLMENT	40.00	Officer	$173,731	$22,570	$196,301
MS BETH YOUNG	VP, CFO & TREASURER AS OF 11/24	40.00	Officer	$16,250	$1,138	$17,388
MR RONGAL WATSON	DEAN OF STUDENTS & ASSOC. PROVOST	40.00	Officer	$90,495	$40,417	$130,912
MR EDWARD WILDER	CHIEF INFORMATION CENTER	40.00	Highest	$136,839	$43,759	$180,598
MS ELIZABETH CONLISK	CHIEF COMMUNICATIONS OFFICER	40.00	Highest	$133,875	$0	$133,875
MR OSWALDO VOYSEST	ASSOC. PROFESSOR, MOD. LANG. & LIT.	40.00	Highest	$110,765	$26,614	$137,379
MS MARTHA STOLZE	DIRECTOR OF ADMISSIONS	40.00	Highest	$107,444	$44,634	$152,078
MS YAFFA GROSSMAN	REGISTRAR	40.00	Highest	$105,584	$24,876	$130,460
DR H SCOTT BIERMAN	FORMER PRESIDENT	0.00		$191,338	$25,754	$217,092

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	$99,721,912	$90,649,937	$201,652,842	$9,071,975
2024	No data	No data	No data	No data
2023	$79,216,298	$84,824,256	$208,467,553	$-5,607,958
2022	$86,166,985	$83,989,322	$210,386,491	$2,177,663
2021	$75,213,044	$77,674,978	$218,918,881	$-2,461,934
2020	$76,424,376	$78,535,765	$197,195,962	$-2,111,389
2019	$94,391,172	$86,617,633	$225,318,936	$7,773,539
2018	$104,073,571	$89,320,609	$255,528,681	$14,752,962

BELOIT COLLEGE