Simpson College (EIN 420680389) - 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

1860

Legal Domicile

Phone

5159616251

Tax Period

2024-06-01 to 2025-05-31

Simpson College, founded in 1860, is a mid-sized nonprofit in the Education sector that reported $83.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

A RESIDENTIAL, COEDUCATION, UNDERGRADUATE LIBERAL ARTS COLLEGE.

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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 $8,133,768

Program Service Revenue $65,292,368

Investment Income $7,977,401

Other Revenue $2,369,939

TOTAL REVENUE $83,773,476

Expense Breakdown

Grants Paid $36,895,567

Salaries & Benefits $23,713,035

Fundraising Expenses $1,454,388

Program Expenses $76,628,158

Other Expenses $24,749,795

TOTAL EXPENSES $85,358,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,773,476	$66,698,073	+0.3%
Expenses	$85,358,397	$78,665,274	+0.1%
Net Income	$-1,584,921	$-11,967,201	-0.9%

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

1030

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

$890,658

Total Directors

$388,532

Key Employees

$174,800

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deanna Strable-Soethout	Treasurer	0.5	Officer Director	$0	$0	$0
Jay N Byers	President through 4/2025 - Deceased	40.0	Officer Director	$360,968	$27,564	$388,532
Susan E Voss	Secretary	0.5	Officer Director	$0	$0	$0
Terry W Handley	Board Chair	0.5	Officer Director	$0	$0	$0
Barbara A Miller	Trustee	0.5	Director	$0	$0	$0
Ben F Gaumer	Trustee	0.5	Director	$0	$0	$0
Bishop Kennetha Bigham-Tsai	Trustee	0.5	Director	$0	$0	$0
D Robert Downing	Trustee	0.5	Director	$0	$0	$0
Denise M Griffey	Trustee	0.5	Director	$0	$0	$0
Elizabeth Raymond Nigut	Trustee	0.5	Director	$0	$0	$0
Garrett Piklapp	Trustee	0.5	Director	$0	$0	$0
Hank Norem	Trustee	0.5	Director	$0	$0	$0
Izaah JB Knox	Trustee	0.5	Director	$0	$0	$0
James C Spooner	Trustee	0.5	Director	$0	$0	$0
Jay T Marshall	Trustee	0.5	Director	$0	$0	$0
Jessica Boltinghouse	Trustee	0.5	Director	$0	$0	$0
Joe Sorenson	Trustee	0.5	Director	$0	$0	$0
John R Norris	Trustee	0.5	Director	$0	$0	$0
John T Lawlor	Trustee	0.5	Director	$0	$0	$0
Juli M Willeman	Trustee	0.5	Director	$0	$0	$0
Kamie Downing-Haynes	Trustee	0.5	Director	$0	$0	$0
Kevin Halterman	Trustee	0.5	Director	$0	$0	$0
Kirk J Tyler	Trustee	0.5	Director	$0	$0	$0
Laura Howe	Trustee	0.5	Director	$0	$0	$0
Manuel A Cornell	Trustee	0.5	Director	$0	$0	$0
Maribeth Wright	Trustee	0.5	Director	$0	$0	$0
Mark L Hill	Trustee	0.5	Director	$0	$0	$0
Martha Davis-Goldstein	Trustee	0.5	Director	$0	$0	$0
Nick Andersen	Trustee	0.5	Director	$0	$0	$0
Nicole L Crain	Trustee	0.5	Director	$0	$0	$0
Nile D Ramsbottom	Trustee	0.5	Director	$0	$0	$0
Rick W Exline	Trustee	0.5	Director	$0	$0	$0
Robert G Riley	Trustee	0.5	Director	$0	$0	$0
Ron Carlson	Trustee	0.5	Director	$0	$0	$0
Ronald L Keller	Trustee	0.5	Director	$0	$0	$0
Sean M Kennedy	Trustee	0.5	Director	$0	$0	$0
Steven C Fiterman	Trustee	0.5	Director	$0	$0	$0
Steven G Johnson	Trustee	0.5	Director	$0	$0	$0
Terrance J Lillis	Trustee	0.5	Director	$0	$0	$0
Thomas J Keating	Trustee	0.5	Director	$0	$0	$0
Tim Bonney	Trustee	0.5	Director	$0	$0	$0
Trent Murphy	Trustee	0.5	Director	$0	$0	$0
Virginia Lauridsen	Trustee	0.5	Director	$0	$0	$0
BRET MILLS	VP OF FINANCE/BUSINESS ADMINISTRATION, CFO	40.0	Officer	$172,632	$14,291	$186,923
CoryAnne Harrington	Academic Dean	40.0	Officer	$137,445	$15,043	$152,488
John Woell	Academic Dean - END 09/2024	40.0	Officer	$155,294	$7,421	$162,715
Jared Bienenmann	Vice President - College Advancement - END 06/2025	40.0	Key Emp	$147,973	$26,827	$174,800
Christopher Goodale	VP-Sr Director - Advancement	40.0	Highest	$131,038	$13,611	$144,649
Leigh D Mlodzik	VP - Enrollment	40.0	Highest	$138,566	$26,094	$164,660
Mark Bell	Director - Athletics - END 12/2025	40.0	Highest	$110,148	$13,653	$123,801
Roger Degerman	VP - Marketing & Strategic Communications	40.0	Highest	$136,257	$15,225	$151,482
Tracie Pavon	Asst VP- Enrollment & Financial Aid	40.0	Highest	$112,488	$14,201	$126,689

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	$83,773,476	$85,358,397	$141,701,919	$-1,584,921
2024	$66,698,073	$78,665,274	$145,451,082	$-11,967,201
2023	$63,596,291	$76,041,583	$152,836,299	$-12,445,292
2022	$65,440,867	$68,948,594	$164,069,372	$-3,507,727
2021	$82,646,983	$65,066,415	$180,912,943	$17,580,568
2020	$61,218,401	$64,380,608	$150,227,314	$-3,162,207
2019	$64,583,672	$65,247,098	$151,049,652	$-663,426
2018	$67,020,938	$64,011,170	$157,999,908	$3,009,768

Simpson College