Council of Public Liberal Arts Colleges

EIN: 411921743 501(c)(3) Education

Asheville, NC

Total Revenue
$378,164
Total Expenses
$372,851
Total Assets
$328,958
Net Assets
$290,333
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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
1994
Legal Domicile
NC
Principal Officer
Jeanine Went
Phone
8282587879
Tax Period
2024-07-01 to 2025-06-30

Council of Public Liberal Arts Colleges, founded in 1994, is a small nonprofit in the Education sector that reported $378K in total revenue in fiscal year 2024.

Mission

COPLAC advances the aims of its member institutions and drives awareness of the value of high-quality, public liberal arts education in a student-centered, residential environment.

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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 $19,183
Program Service Revenue $351,425
Investment Income $7,556
Other Revenue $0
TOTAL REVENUE $378,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,699
Fundraising Expenses $0
Program Expenses $291,023
Other Expenses $91,152
TOTAL EXPENSES $372,851

Year-over-Year Comparison

2024 2023 Change
Revenue $378,164 $360,337 +0.0%
Expenses $372,851 $367,680 +0.0%
Net Income $5,313 $-7,343 -1.7%
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
N/A
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
5
$183,554
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Cole Woodcox Exiting Executive Director 40.00
Officer
$0 $42,766 $183,554
Jeanine Went Executive Director (started 2-3-25) 40.00
Officer
$0 $0 $0
Dr Tuajuanda Jordan President 1.00
Officer Director
$0 $0 $0
Dr Melinda Treadwell Executive Committee At Large Member 1.00
Director
$0 $0 $0
Dr James Birge President-Elect 1.00
Officer Director
$0 $0 $0
Dr Jeffrey McClurken Executive Committee At Large Member 1.00
Director
$0 $0 $0
Janet Schrunk Ericksen Executive Committee at Large Member 1.00
Director
$0 $0 $0
Amir Mohammadi Treasurer 0.50
Officer Director
$0 $0 $0
Nolan Atkins Member 0.50
Director
$0 $0 $0
Denise Battles Member 0.50
Director
$0 $0 $0
Courtney Bentley Member 0.50
Director
$0 $0 $0
John Carmichael Member 0.50
Director
$0 $0 $0
Cathy Cox Member 0.50
Director
$0 $0 $0
Tierra Freeman Member 0.50
Director
$0 $0 $0
Janet Gooch Member 0.50
Director
$0 $0 $0
Kayla Hale Member 0.50
Director
$0 $0 $0
Stacia Haynie Member 0.50
Director
$0 $0 $0
Daniel Heimmermann Member 0.50
Director
$0 $0 $0
Karim Ismaili Member 0.50
Director
$0 $0 $0
Scott Jones Member 0.50
Director
$0 $0 $0
Mario Martinez Member 0.50
Director
$0 $0 $0
Joseph McDonnell Member 0.50
Director
$0 $0 $0
Michael Middleton Member 0.50
Director
$0 $0 $0
Karen Moranski Member 0.50
Director
$0 $0 $0
John Parkins Member 0.50
Director
$0 $0 $0
Jesse Peters Member 0.50
Director
$0 $0 $0
Donna Price Henry Member 0.50
Director
$0 $0 $0
Nora Roberts Miller Member 0.50
Director
$0 $0 $0
Gretchen Sechrist Member 0.50
Director
$0 $0 $0
Sue Thomas Member 0.50
Director
$0 $0 $0
Renee Wachter Member 0.50
Director
$0 $0 $0
Mike Wanous Member 0.50
Director
$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 $378,164 $372,851 $328,958 $5,313
2024 $360,337 $367,680 $332,206 $-7,343
2023 $320,631 $325,513 $324,260 $-4,882
2022 $301,923 $282,354 $342,357 $19,569
2021 $275,006 $267,846 $311,352 $7,160
2020 $271,645 $281,641 $305,067 $-9,996
2019 $351,400 $441,277 $330,994 $-89,877
2018 $301,578 $452,630 $409,625 $-151,052
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