GOLDEY-BEACOM COLLEGE

EIN: 510109178 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$34,153,353
Total Expenses
$28,843,931
Total Assets
$251,793,007
Net Assets
$232,434,221
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
DE
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

TO CONFER THE ASSOCIATE, BACCALAUREATE AND GRADUATE DEGREES ON QUALIFIED STUDENTS.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

Governance

Voting Members
15
Independent Members
14
Employees
309
Volunteers
36

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
7
$1,121,236
Total Directors
15
$412,710
Key Employees
0
$0
Highest Compensated
5
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
Explore More Nonprofits
→Top 100 Nonprofits in Delaware →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GOLDEY-BEACOM COLLEGE with other nonprofits in Delaware and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.