GOLDEY-BEACOM COLLEGE

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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

1951

Legal Domicile

Principal Officer

SUSAN MANNERING

Phone

3029988814

Tax Period

2024-07-01 to 2025-06-30

GOLDEY-BEACOM COLLEGE, founded in 1951, is a mid-sized nonprofit in the Education sector that reported $34.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 16% operating margin.

Mission

EMPOWERING LEARNERS TO ACHIEVE EXCELLENCE BY LINKING KNOWLEDGE TO PRACTICE.

Program Service Accomplishments

Program 1

Expenses: $12,580,436 Revenue: $14,611,790

PROGRAMS OF STUDY DAY AND EVENING ACADEMIC PROGRAMS WHICH PROVIDE TRAINING AND EDUCATION TO 779 FULLTIME STUDENTS AND 444 PART-TIME STUDENTS.

Program 2

Expenses: $4,608,339 Revenue: $3,905,266

AUXILIARY ENTERPRISES - RESIDENCE HALLS, DINING SERVICE AND RELATED SUMMER PROGRAMS INCLUDING MODERN APARTMENTS LOCATED ADJACENT TO THE ACADEMIC BUILDING PROVIDING HOUSING FOR 276 STUDENTS DURING THE FALL SEMESTER AND 251 STUDENTS DURING THE SPRING SEMESTER. DININGSERVICE FACILITIES AND OTHER RELATED SERVICES AVAILABLE FOR STUDENTS AND SUMMER PROGRAM ATTENDEES.

Program 3

Expenses: $6,199,603 Revenue: $68,435

THE CAMPUS STORE SELLS SCHOOL SUPPLIES, COLLEGE APPAREL, AND SMALL MISCELLANEOUS ITEMS TO STUDENTS TO ASSIST IN PROVIDING A COLLEGIATE EXPERIENCE.

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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 $2,143,364

Program Service Revenue $18,524,331

Investment Income $13,120,493

Other Revenue $365,165

TOTAL REVENUE $34,153,353

Expense Breakdown

Grants Paid $5,894,145

Salaries & Benefits $10,678,295

Fundraising Expenses $688,950

Program Expenses $23,388,378

Other Expenses $12,271,491

TOTAL EXPENSES $28,843,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,153,353	$26,268,953	+0.3%
Expenses	$28,843,931	$28,089,811	+0.0%
Net Income	$5,309,422	$-1,820,858	-3.9%

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

309

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

$1,121,236

Total Directors

$412,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORNELIA N WINNER EDD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOAN VERBONITZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARCIA B WOOD CPA CGMA	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
LEE H BURSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
JAVED GILANI MD	TRUSTEE	2.00	Director	$0	$0	$0
DORRELL GREEN	TRUSTEE	2.00	Director	$0	$0	$0
R JEFFREY JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
ERIKA JORGENSEN	TRUSTEE	2.00	Director	$0	$0	$0
NOREEN D LASORSA	TRUSTEE	2.00	Director	$0	$0	$0
MARK R OLAZAGASTI	TRUSTEE	2.00	Director	$0	$0	$0
JOHN J PATTERSON III	TRUSTEE	2.00	Director	$0	$0	$0
MELODY PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
LOURDES I PUIG PHD	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE SEEBER	TRUSTEE	2.00	Director	$0	$0	$0
COLLEEN PERRY KEITH	PRESIDENT	40.00	Officer Director	$378,315	$34,395	$412,710
CHARLES HAMMOND	VP OPERATIONS AND PLANNING	40.00	Officer	$202,614	$17,835	$220,449
SUSAN MANNERING	VP FINANCE/CFO	40.00	Officer	$185,168	$57,798	$242,966
JOEL WORDEN	VP ACADEMIC AFFAIRS/PROVOS	40.00	Officer	$186,130	$58,981	$245,111
PETER RYSAVY	CIO	40.00	Highest	$146,630	$26,795	$173,425
WILLIAM RIVERS	ASSOCIATE PROFESSOR	40.00	Highest	$109,451	$33,276	$142,727
LARRY EBY	EX. DIR. INSTITUTIONAL ADV	40.00	Highest	$112,864	$44,219	$157,083
JEREMY BENOIT	ATHLETIC DIRECTOR	40.00	Highest	$120,763	$22,277	$143,040
FATMA ABDEL-RAOUF	PROFESSOR	40.00	Highest	$109,303	$43,470	$152,773

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	$34,153,353	$28,843,931	$251,793,007	$5,309,422
2024	No data	No data	No data	No data
2023	$32,095,791	$26,631,819	$228,247,251	$5,463,972
2022	$32,727,269	$27,004,539	$221,938,935	$5,722,730
2021	$43,134,922	$36,498,338	$256,322,879	$6,636,584
2020	$38,163,949	$33,799,669	$221,275,268	$4,364,280
2019	$41,174,469	$35,283,887	$189,555,020	$5,890,582
2018	$46,887,644	$35,686,550	$176,007,656	$11,201,094