THE TRUSTEES OF GRINNELL COLLEGE (EIN 420680387) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1846

Legal Domicile

Principal Officer

GERMAINE GROSS

Phone

6412699700

Tax Period

2023-07-01 to 2024-06-30

THE TRUSTEES OF GRINNELL COLLEGE, founded in 1846, is a major nonprofit in the Education sector that reported $397.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $149.7M, a strong 38% operating margin.

Mission

TO EDUCATE STUDENTS IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,104,838

Program Service Revenue $131,669,818

Investment Income $250,201,756

Other Revenue $3,460,169

TOTAL REVENUE $397,436,581

Expense Breakdown

Grants Paid $74,231,930

Salaries & Benefits $99,763,628

Fundraising Expenses $6,870,345

Program Expenses $218,318,480

Other Expenses $73,526,857

TOTAL EXPENSES $247,771,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,436,581	$364,446,425	+0.1%
Expenses	$247,771,574	$236,823,739	+0.0%
Net Income	$149,665,007	$127,622,686	+0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2532

Volunteers

1338

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

$2,505,376

Total Directors

Key Employees

$1,180,443

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAINEN THAYER	CHIEF INVESTMENT OFFICER	60.00	Officer	$1,033,208	$72,831	$1,106,039
ANNE HARRIS	PRESIDENT	60.00	Officer	$627,118	$160,926	$788,044
VALBONA SCHWAB	DEPUTY CHIEF INVESTMENT OFFICER	50.00	Highest	$619,746	$61,078	$680,824
GERMAINE Y GROSS	VP FINANCE & TREASURER	60.00	Officer	$409,550	$54,438	$463,988
LACEY F JOHNSON	MANAGING DIRECTOR	50.00	Highest	$401,394	$45,322	$446,716
BERONDA L MONTGOMERY	DEAN & VP ACADEMIC AFFAIRS	60.00	Key Emp	$307,129	$51,388	$358,517
JOSEPH P BAGNOLI	VP ENROLLMENT & DEAN OF ADMISSION	60.00	Key Emp	$275,996	$55,941	$331,937
ROBERT WELCH	DIRECTOR OF INVESTMENTS	50.00	Highest	$254,890	$27,910	$282,800
ELLEN F DE GRAFFENREID	VP COMMUNICATION & MARKETING	60.00	Highest	$229,703	$48,656	$278,359
HENRY W MOYER	PROFESSOR OF POLITICAL SCIENCE	50.00	Highest	$236,632	$35,373	$272,005
NANCY L COMBS	ASSOCIATE VP FINANCE & ASST TREASURER	50.00		$217,431	$44,748	$262,179
MYRNA Y HERNANDEZ	CHIEF OF STAFF & VP ADMINISTRATION	60.00	Key Emp	$212,283	$32,935	$245,218
JANA L GRIMES	VP HUMAN RESOURCES	60.00	Key Emp	$212,067	$32,704	$244,771
ELAINE M MARZLUFF	PROFESSOR OF CHEMISTRY	50.00		$177,651	$29,568	$207,219
MARGARET E BAIR	DIRECTOR OF BOARD RELATIONS	50.00	Officer	$109,637	$37,668	$147,305
MICHAEL B KAHN	TRUSTEE & BOARD CHAIR	7.00	Officer Director	$0	$0	$0
CHRISTINA R CUTLIP	TRUSTEE & VICE-CHAIR	4.00	Officer Director	$0	$0	$0
MATTHEW E WELCH	TRUSTEE & VICE-CHAIR	4.00	Officer Director	$0	$0	$0
ODILE DISCH-BHADKAMKAR	TRUSTEE	3.00	Director	$0	$0	$0
JEETANDER DULANI	TRUSTEE	2.00	Director	$0	$0	$0
SHELLEY FLOYD	TRUSTEE	3.00	Director	$0	$0	$0
JULIE GOSSELINK	TRUSTEE	2.00	Director	$0	$0	$0
JON GRAY	TRUSTEE	2.00	Director	$0	$0	$0
GRACIELA GUZMAN	TRUSTEE	2.00	Director	$0	$0	$0
BERNARD JACKSON JR	TRUSTEE & ALUMNI COUNCIL PRESIDENT	2.00	Director	$0	$0	$0
KEITH A JANTZEN	TRUSTEE	3.00	Director	$0	$0	$0
BRUCE KOFF	TRUSTEE	2.00	Director	$0	$0	$0
KIMBERLY A KUNCL	TRUSTEE	2.00	Director	$0	$0	$0
TOBI KLEIN MARCUS	TRUSTEE	3.00	Director	$0	$0	$0
DAVID E MAXWELL	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN MOHRMAN	TRUSTEE (UNTIL 5/24)	2.00	Director	$0	$0	$0
GEORGE MOOSE	TRUSTEE	2.00	Director	$0	$0	$0
JEANNE MYERSON	TRUSTEE	3.00	Director	$0	$0	$0
YUKI NARULA	TRUSTEE	2.00	Director	$0	$0	$0
ANGELA ONWUACHI-WILLIG	TRUSTEE	3.00	Director	$0	$0	$0
STEVE PICKLE	TRUSTEE	2.00	Director	$0	$0	$0
NANCY L RADERMECHER	TRUSTEE	3.00	Director	$0	$0	$0
GABE RODRIGUEZ	TRUSTEE	2.00	Director	$0	$0	$0
LAURA SANDER	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN SANDQUIST	TRUSTEE	2.00	Director	$0	$0	$0
W ED SENN	TRUSTEE (UNTIL 3/24)	2.00	Director	$0	$0	$0
HAM SERUNJOGI	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN STOUT	TRUSTEE	3.00	Director	$0	$0	$0
SHERYL WALTER	TRUSTEE	2.00	Director	$0	$0	$0
ERIC E WHITAKER	TRUSTEE (UNTIL 5/24)	2.00	Director	$0	$0	$0
CONNIE WIMER	TRUSTEE	2.00	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	No data	No data	No data	No data
2024	$397,436,581	$247,771,574	$3,191,620,072	$149,665,007
2023	$364,446,425	$236,823,739	$3,023,180,797	$127,622,686
2022	$351,194,994	$212,302,506	$2,988,511,926	$138,892,488
2021	$273,975,826	$189,967,576	$3,450,447,819	$84,008,250
2020	$211,551,563	$194,924,984	$2,534,031,984	$16,626,579
2019	$267,187,903	$191,682,544	$2,516,901,391	$75,505,359
2018	$247,077,229	$174,668,946	$2,439,522,215	$72,408,283

THE TRUSTEES OF GRINNELL COLLEGE