GRINNELL, IA
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Sign In — Free (10 views/day)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.
WHEN GRINNELL COLLEGE FRAMED ITS CHARTER IN THE IOWA TERRITORY OF THE UNITED STATES IN 1846, IT SET FORTH A MISSION TO EDUCATE ITS STUDENTS "FOR THE DIFFERENT PROFESSIONS AND FOR THE HONORABLE DISCHARGE OF THE DUTIES OF LIFE." THE COLLEGE PURSUES THAT MISSION BY PROVIDING AN EDUCATION IN THE LIBERAL ARTS THROUGH FREE INQUIRY AND THE OPEN EXCHANGE OF IDEAS. AS A TEACHING AND LEARNING COMMUNITY, THE COLLEGE HOLDS THAT KNOWLEDGE IS A GOOD TO BE PURSUED BOTH FOR ITS OWN SAKE AND FOR THE INTELLECTUAL, MORAL, AND PHYSICAL WELL-BEING OF INDIVIDUALS AND OF SOCIETY AT LARGE. THE COLLEGE EXISTS TO PROVIDE A LIVELY ACADEMIC COMMUNITY OF STUDENTS AND TEACHERS OF HIGH SCHOLARLY QUALIFICATIONS FROM DIVERSE SOCIAL AND CULTURAL CIRCUMSTANCES. THE COLLEGE AIMS TO GRADUATE INDIVIDUALS WHO CAN THINK CLEARLY, WHO CAN SPEAK AND WRITE PERSUASIVELY AND EVEN ELOQUENTLY, WHO CAN EVALUATE CRITICALLY BOTH THEIR OWN AND OTHERS' IDEAS, WHO CAN ACQUIRE NEW KNOWLEDGE, AND WHO ARE PREPARED IN LIFE AND WORK TO USE THEIR KNOWLEDGE AND THEIR ABILITIES TO SERVE THE COMMON GOOD.
INSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 16 CONCENTRATIONS AND A 1:9 FACULTY...
INSTRUCTIONAL PROGRAMS AT THE PRIVATE 4-YEAR RESIDENTIAL COLLEGE INCLUDE THE LIBERAL ARTS AND SCIENCES. GRINNELL OFFERS A BACHELOR OF ARTS IN 27 MAJOR FIELDS WITH 16 CONCENTRATIONS AND A 1:9 FACULTY TO STUDENT RATIO. GRINNELL COLLEGE HAS APPROXIMATELY 1,700 STUDENTS GENERALLY FROM ALL STATES AND ABOUT 50 OTHER COUNTRIES. AT THE CENTER OF A GRINNELL EDUCATION IS THE COLLEGE'S INDIVIDUALLY ADVISED CURRICULUM. IT COMBINES INTENSE FACULTY MENTORING WITH AN UNCOMMON LEVEL OF STUDENT RESPONSIBILITY FOR CHOOSING THEIR OWN UNIQUE SET OF COURSES.MENTORING BEGINS IN THE FIRST-YEAR TUTORIAL, THE ONLY REQUIRED COURSE AT GRINNELL COLLEGE. FACULTY MEMBERS FROM ALL ACADEMIC DEPARTMENTS TEACH THE TUTORIAL AND THEIR TOPICS VARY WIDELY, BUT EVERY TUTORIAL EMPHASIZES WRITING, CRITICAL THINKING AND ANALYSIS, DISCUSSION SKILLS, AND INFORMATION LITERACY.EACH TUTOR ALSO SERVES AS ADVISER TO THE TUTORIAL STUDENTS UNTIL THEY DECLARE A MAJOR FIELD OF STUDY, OFFERING GUIDANCE FROM AN INSTRUCTOR WITH PERSONAL KNOWLEDGE OF THEIR ACADEMIC INTERESTS, APTITUDES, AND NEEDS.THE TUTORIAL IS USUALLY LIMITED TO 14 STUDENTS, MAKING IT SMALLER THAN THE AVERAGE CLASS, THOUGH SIMILAR IN INTENSITY TO THE REST OF THE CURRICULUM. IN FACT, GRINNELL CLASSES GENERALLY ARE SMALL, WITH AN AVERAGE ENROLLMENT OF 16 AND FEWER THAN 5 PERCENT OF CLASSES ABOVE 30 STUDENTS.MANY ACADEMIC PROGRAMS OFFER A MENTORED ADVANCED PROJECT (MAP), EITHER AS INDEPENDENT STUDY OR IN THE CONTEXT OF A SEMINAR. THE MAP, CLOSELY GUIDED BY A FACULTY DIRECTOR, GIVES UPPER-LEVEL STUDENTS OPPORTUNITY TO CULMINATE A SEQUENCE OF ACADEMIC WORK BY COMPLETING AN ADVANCED PROJECT IN RESEARCH OR CREATIVE ARTS.AT ALL LEVELS OF THE CURRICULUM, GRINNELL COLLEGE STUDENTS RECEIVE AN EDUCATION ROOTED IN ACTIVE EXPERIENCE. FOR EXAMPLE, STUDENTS IN SCIENCE CLASSES ENGAGE IN DISCOVERY-BASED LEARNING, EVEN AT THE INTRODUCTORY LEVEL. EACH AREA OF THE FINE ARTS OFFERS OPPORTUNITIES FOR CREATIVE PRACTICE ALONGSIDE THE STUDY OF HISTORY, THEORY, AND FORMAL ANALYSIS.OUTSIDE THE CLASSROOM, THE CENTER FOR CAREERS, LIFE, AND SERVICE HAS COORDINATED MORE THAN 500 COLLEGE-FUNDED SUMMER INTERNSHIPS FOR STUDENTS OVER THE PAST FIVE YEARS. ABOUT A THIRD OF STUDENTS PARTICIPATE IN INTERCOLLEGIATE ATHLETICS THROUGH MEMBERSHIP ON VARSITY TEAMS.STUDENT-REGULATED RESIDENCE LIFE, ANOTHER IMPORTANT FEATURE OF A GRINNELL EDUCATION, TEACHES STUDENTS THE PRAGMATIC SOCIAL SKILLS OF SELF-GOVERNANCE AS THEY LIVE TOGETHER IN COMMUNITY.THE COLLEGE OFFERS A CALENDAR PACKED WITH CULTURAL EVENTS AND ACTIVITIES, INCLUDING CONCERTS, LECTURES, THEATRE, FILMS, AND OPPORTUNITIES FOR VOLUNTEER AND CIVIC INVOLVEMENT. GRINNELL HAS NEVER HAD FRATERNITIES OR SORORITIES; SOCIAL EVENTS ARE OPEN TO ALL MEMBERS OF THE COLLEGE.GRINNELL'S EMPHASIS ON ACTIVE LEARNING EXTENDS TO PARTICIPATION IN THE GLOBAL COMMUNITY. WITH INTERNATIONAL STUDENTS MAKING UP NEARLY 20 PERCENT OF THE STUDENT BODY AND DOMESTIC STUDENTS REPRESENTING EVERY STATE, GRINNELL OFFERS A GEOGRAPHICALLY AND CULTURALLY DIVERSE ENVIRONMENT FOR LIVING AND LEARNING. A FLOURISHING INSTITUTE FOR GLOBAL ENGAGEMENT COORDINATES AND HIGHLIGHTS THE MANY COURSES AND PROGRAMS AT GRINNELL COLLEGE WITH A GLOBAL PERSPECTIVE. EVEN WITHOUT A LANGUAGE REQUIREMENT, NEARLY ALL STUDENTS ELECT TO STUDY A FOREIGN LANGUAGE. MORE THAN HALF OF GRINNELL STUDENTS (A NUMBER MATCHED BY VERY FEW OTHER COLLEGES) SPEND A SEMESTER IN OFF-CAMPUS STUDY. NEARLY ALL OF THESE STUDENTS DECIDE TO LIVE AND STUDY OUTSIDE OF THE UNITED STATES.INTENSIVE TEACHING, ACTIVE LEARNING, RESIDENCE IN A COMMUNITY OF CULTURAL AND GLOBAL DIVERSITY, AND SELF-GOVERNANCE IN BOTH SOCIAL AND ACADEMIC LIFE--THESE ELEMENTS COME TOGETHER AT GRINNELL COLLEGE TO FORM A DISTINCTIVE EXPERIENCE OF LIBERAL EDUCATION.
ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF...
ACADEMIC AND INSTITUTIONAL SUPPORT INCLUDES LIBRARY, FACULTY DEVELOPMENT, COMPUTER SERVICES, PUBLIC RELATIONS, PRINTING SERVICES, MAIL SERVICES, AND OTHER EXPENDITURES TO SUPPORT THE ACTIVITIES OF THE COLLEGE.
STUDENT SERVICES INCLUDES REGISTRATION, COUNSELING, ADMISSION AND FINANCIAL AID, HEALTH SERVICES, INTERCOLLEGIATE ATHLETICS, LECTURES, CONVOCATIONS AND OTHER STUDENT PROGRAMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE TRUSTEES OF GRINNELL COLLEGE with other nonprofits in Iowa and across the country.