BELLIN COLLEGE INC

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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

1988

Legal Domicile

Principal Officer

CONNIE BOERST

Phone

9204336631

Tax Period

2024-07-01 to 2025-06-30

BELLIN COLLEGE INC, founded in 1988, is a mid-sized nonprofit that reported $19.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

BELLIN COLLEGE IS DEDICATED TO EDUCATING HEALTHCARE PROFESSIONALS THROUGH INNOVATION, LEADERSHIP, AND SERVICE THAT PROMOTES LIFELONG LEARNING AND EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $15,985,455 Revenue: $15,431,676

BELLIN COLLEGE, INC. IS DEDICATED TO EDUCATING AND GRADUATING HEALTHCARE PROFESSIONALS. THE COLLEGE IS AN INDEPENDENT, ACCREDITED, COEDUCATIONAL BACCALAUREATE, MASTERS, AND DOCTORATE DEGREE GRANTING INSTITUTION. OUR GRADUATES ARE PREPARED TO ADDRESS THE HEALTHCARE NEEDS OF A DIVERSE, GLOBAL SOCIETY AND ITS INDIVIDUALS, AND ARE COMMITTED TO ADVANCING THE PROFESSION. THE COLLEGE GRADUATED 216 STUDENTS DURING THE YEAR.

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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 $1,331,969

Program Service Revenue $16,027,103

Investment Income $1,704,293

Other Revenue $346

TOTAL REVENUE $19,063,711

Expense Breakdown

Grants Paid $3,062,489

Salaries & Benefits $11,533,371

Fundraising Expenses $178,891

Program Expenses $15,985,455

Other Expenses $5,042,504

TOTAL EXPENSES $19,638,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,063,711	$17,396,899	+0.1%
Expenses	$19,638,364	$18,552,634	+0.1%
Net Income	$-574,653	$-1,155,735	-0.5%

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

259

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

$1,381,219

Total Directors

$3,322,998

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WOLESKE	BOARD MEMBER/CEO-BELLIN (THRU 5/25)	1.00	Director	$0	$37,909	$1,926,448
MIKE VAN ASTEN	CHAIRPERSON/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
LUELLEN OSKEY	VICE CHAIRPERSON/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
MARK HIGGINS	TREASURER/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DEBORAH BREUNIG	SECRETARY/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
TERRY FULWILER	MEMBER AT LARGE (THRU 7/24)	1.00	Officer Director	$0	$0	$0
LAURA HIEB	AT-LARGE/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KAREN BRUKARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CLAUSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ELIOT ELFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANNON GUYETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN HASSELBLAD PASCALE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS PRUST	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SCOTT RATHGABER	BOARD MEMBER (THRU 6/25)/BGHS CEO	1.00	Director	$0	$72,275	$1,396,550
DONALD SALMON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR FREDERIC SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW WILD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CONNIE J BOERST	PRESIDENT/CEO	40.00	Officer	$264,223	$48,102	$312,325
GINGER KRUMMEN SCHRAVEN	VP OF BUSINESS AND FINANCE	40.00	Officer	$108,126	$8,350	$116,476
JOHN CEELEN	BGHS CFO	1.00	Officer	$0	$54,245	$742,562
STEVE LITTLE	BMH CFO (THRU 2/24)	1.00	Officer	$0	$0	$209,856
MARK BAKE	CHIEF ACADEMIC OFFICER	40.00	Highest	$162,427	$42,822	$205,249
ERIC CHACONAS	ASSOCIATE DEAN OF PHYSICAL THERAPY	40.00	Highest	$166,492	$39,412	$205,904
MARK SHEPHERD	PROGRAM DIRECTOR-ORTHO MANUAL PT	40.00	Highest	$135,616	$10,380	$145,996
AMANDA HOGAN	ASSOCIATE DEAN OF UNDERGRADUATE ALLIED HEALTH SCIE	40.00	Highest	$125,862	$38,429	$164,291
CASEY RENTMEESTER	ASSOCIATE DEAN OF ACADEMIC SUCCESS	40.00	Highest	$128,454	$50,506	$178,960

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	$19,063,711	$19,638,364	$54,420,112	$-574,653
2024	$17,396,899	$18,552,634	$53,437,463	$-1,155,735
2023	$17,083,298	$17,171,179	$50,222,404	$-87,881
2022	$20,329,050	$16,012,601	$47,047,540	$4,316,449
2021	$15,163,582	$15,115,265	$39,042,736	$48,317
2020	$14,450,334	$14,407,636	$34,826,693	$42,698
2019	$12,910,386	$13,000,741	$35,222,579	$-90,355