CAMBRIDGE COLLEGE INC (EIN 510163080) - 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

1974

Legal Domicile

Principal Officer

DENNIS MADIGAN

Phone

6178681000

Tax Period

2023-09-01 to 2024-08-31

CAMBRIDGE COLLEGE INC, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $19.4M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $33.7M exceeded revenue, resulting in a 74% operating deficit.

Mission

THE MISSION OF CAMBRIDGE COLLEGE IS TO PROVIDE ACADEMICALLY EXCELLENT (CONTINUED ON SCHEDULE O)

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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 (2023)

Revenue Breakdown

Contributions & Grants $419,812

Program Service Revenue $16,937,948

Investment Income $1,929,032

Other Revenue $88,495

TOTAL REVENUE $19,375,287

Expense Breakdown

Grants Paid $4,118,710

Salaries & Benefits $16,186,816

Fundraising Expenses $393,051

Program Expenses $26,447,122

Other Expenses $13,360,136

TOTAL EXPENSES $33,701,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,375,287	$35,337,289	-0.5%
Expenses	$33,701,062	$39,512,844	-0.1%
Net Income	$-14,325,775	$-4,175,555	+2.4%

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

525

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

$1,614,440

Total Directors

$876,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH C JACKSON	PRESIDENT (THRU 12/2023)	60.00	Officer Director	$361,279	$51,354	$412,633
STEPHEN E HEALEY	INTERIM PRESIDENT (THRU 07/2024)	50.00	Officer Director	$231,822	$18,482	$250,304
DENNIS MADIGAN	PRESIDENT & VP OF FINANCE & ADMIN.	50.00	Officer Director	$197,776	$15,771	$213,547
KEVIN MCCALL	CHAIR	1.50	Officer Director	$0	$0	$0
STEPHANIE BROWNE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES L ANDERSON MD	TREASURER (THRU 07/2024)	1.00	Officer Director	$0	$0	$0
JAMES SEGEL	CLERK (THRU 07/2024)	1.00	Officer Director	$0	$0	$0
MARCELA ALDAZ-MATOS	TRUSTEE (THRU 07/2024)	1.00	Director	$0	$0	$0
KENNETH JOHNSON	TRUSTEE (THRU 10/2023)	1.00	Director	$0	$0	$0
TERENCE MCCOURT	TRUSTEE (THRU 10/2023)	1.00	Director	$0	$0	$0
JESSE SOLOMON	TRUSTEE (THRU 10/2023)	1.00	Director	$0	$0	$0
NITI SETH	PROVOST	50.00	Officer	$200,902	$13,660	$214,562
LAURETTA D SIGGERS - VP OF	HR & TALENT DEV. (THRU 06/2024)	50.00	Officer	$166,530	$15,668	$182,198
PHILLIP E PAGE - VP OF	STRATEGIC P'SHIPS. (THRU 06/2024)	50.00	Officer	$131,064	$49,474	$180,538
THOMAS J CAHILL JR - VP OF	INSTIT. ADVANCEMENT (THRU 06/2024)	50.00	Officer	$148,815	$11,843	$160,658
JOSEPH CULLEN	CONTROLLER	50.00	Highest	$129,068	$70,858	$199,926
JAMES S LEE - DEAN SCHOOL OF	UNDERGRADUATE STUDIES	50.00	Highest	$133,982	$48,233	$182,215
MICHAEL E MARRAPODI - ASSOC	PROVOST FOR ONLINE PROGRAMS	50.00	Highest	$135,917	$21,855	$157,772
PAULA G BRAMANTE - AVP FOR	TEACHING & LEARNING TECHNOLOGIES	50.00	Highest	$138,486	$14,862	$153,348
DORIS A VAN GORDER-MCGOFF	INT. DEAN, SCHOOL OF EDU. & COUNS.	50.00	Highest	$137,390	$8,975	$146,365

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
2024	$19,375,287	$33,701,062	$9,490,560	$-14,325,775
2023	$35,337,289	$39,512,844	$110,868,797	$-4,175,555
2022	$31,368,471	$40,781,120	$66,113,929	$-9,412,649
2021	$41,615,020	$42,594,798	$83,415,943	$-979,778
2020	$31,052,296	$38,878,588	$85,856,712	$-7,826,292
2019	$26,598,478	$34,084,385	$86,138,396	$-7,485,907
2018	$24,712,688	$33,336,712	$92,483,700	$-8,624,024

CAMBRIDGE COLLEGE INC