GOUCHER COLLEGE

EIN: 520591613 501(c)(3) Education

Baltimore, MD

Total Revenue
$139,553,594
Total Expenses
$110,917,845
Total Assets
$477,504,242
Net Assets
$352,039,602
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Financial Trends

Organization Details

Formation Year
1885
Legal Domicile
MD
Principal Officer
Kent Deveraux
Phone
4103376000
Tax Period
2023-07-01 to 2024-06-30

GOUCHER COLLEGE, founded in 1885, is a major nonprofit in the Education sector that reported $139.6M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.6M, a strong 21% operating margin.

Mission

Goucher College provides an innovative liberal arts education that prepares students with a broad, humane perspective for a life of inquiry, creativity, and critical and analytical thinking. The College's vision is to become a top-100 national liberal arts college known for offering a transformational education that delivers graduates who can solve complex problems within a diverse, global community.

Program Service Accomplishments

Program 1
Expenses: $84,289,331 Revenue: $60,176,636

The College provided an Undergraduate Arts and Sciences education to 965 students. Goucher's academic philosophy is focused on 3Rs: relationships, resilience, and reflection, and coursework reflects...

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The College provided an Undergraduate Arts and Sciences education to 965 students. Goucher's academic philosophy is focused on 3Rs: relationships, resilience, and reflection, and coursework reflects the core values of a liberal arts education: proficiency in English composition and in a foreign language, solid foundations in history, abstract reasoning, scientific discovery and experimentation, problem-solving, social structures, and environmental sustainability. A highlight of Goucher's unique liberal arts curriculum is the requirement that all undergraduates must study abroad at least once before graduation, making the College among the first in the nation to make such a bold move in globalized education. Goucher strives to educate the whole student and promotes a broad education over narrow career training. This gives graduates a wide range of professional options and increased ability to take advantage of new opportunities in developing fields-and even the capability to change careers. Goucher students master a range of knowledge, including the communication, critical thinking, and quantitative reasoning skills that U.S. employers overwhelmingly say they want job candidates to have.

Program 2
Expenses: $6,803,598 Revenue: $5,553,840

The College provided a graduate education to 536 students. The Welch Center for Graduate and Professional Studies offers a diverse range of academic programs, including: Master of Arts and Master of...

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The College provided a graduate education to 536 students. The Welch Center for Graduate and Professional Studies offers a diverse range of academic programs, including: Master of Arts and Master of Fine Arts degrees in areas such as education, teaching, historic preservation, arts administration, cultural sustainability, digital arts, nonfiction, management, and environmental sustainability, plus a post-baccalaureate premedical program. These programs are led by industry leaders who help students strengthen their skills, add to their knowledge base, and create professional opportunities wherever their passions lead.

Program 3
Expenses: $427,220 Revenue: $449,990

The College provided credit and non-credit continuing studies course work for 601 participants. Goucher is home to the College Board's Advanced Placement (AP) Summer Institute, training teachers in...

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The College provided credit and non-credit continuing studies course work for 601 participants. Goucher is home to the College Board's Advanced Placement (AP) Summer Institute, training teachers in AP courses from across the country and around the world. The Advanced Placement Summer Institute allows teachers to earn graduate credit while gaining College Board-certified preparation in most subject areas offered through AP programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $67,499,783
Program Service Revenue $66,180,376
Investment Income $5,252,955
Other Revenue $620,480
TOTAL REVENUE $139,553,594

Expense Breakdown

Grants Paid $34,892,743
Salaries & Benefits $38,873,199
Fundraising Expenses $2,624,825
Program Expenses $91,520,149
Other Expenses $37,151,903
TOTAL EXPENSES $110,917,845

Year-over-Year Comparison

2023 2022 Change
Revenue $139,553,594 $84,585,565 +0.6%
Expenses $110,917,845 $108,259,060 +0.0%
Net Income $28,635,749 $-23,673,495 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
32
Independent Members
31
Employees
1396
Volunteers
211

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
6
$928,395
Total Directors
32
$667,517
Key Employees
5
$1,125,809
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kent Devereaux President 40.00
Officer Director
$450,411 $217,106 $667,517
Michele Y Ewing VP for Advancement 40.00
Key Emp
$236,567 $40,506 $277,073
Elaine Meyer-Lee Provost 40.00
Officer
$230,583 $30,295 $260,878
Jonathan Lindsay VP for Enrollment Management 40.00
Key Emp
$204,511 $19,109 $223,620
Noel Ward Associate VP of Finance and Controller 40.00
Highest
$188,699 $27,336 $216,035
Aarika Camp Vice President of Student Affairs 40.00
Key Emp
$185,289 $30,295 $215,584
Lisa Van Riper VP of Marketing and Communications 40.00
Key Emp
$180,411 $28,716 $209,127
Erik Thompson VP for Campus Operations 40.00
Key Emp
$194,276 $6,129 $200,405
Kristi Yowell Associate VP for Human Resources 40.00
Highest
$181,122 $9,266 $190,388
Daniele Bananto Sr. Director of Information Technology App & Projects 40.00
Highest
$135,672 $16,676 $152,348
David Grossman Associate Professor 40.00
Highest
$141,734 $6,404 $148,138
German Mora Associate Provost for Curriculum 40.00
Highest
$129,588 $7,111 $136,699
Lisa Lyden Stromberg Class of 1983 Trustee, Chair 25.00
Officer Director
$0 $0 $0
Faye Polayes Class of 1973 Trustee, Vice Chair 20.00
Officer Director
$0 $0 $0
Janet Farrell Class of 1973 Trustee, Treasurer 10.00
Officer Director
$0 $0 $0
Jocelyn Reader Class of 2002 Trustee, Secretary 10.00
Officer Director
$0 $0 $0
Tara Abdullah-Nri Class of 2022 Trustee 5.00
Director
$0 $0 $0
Patricia Batza Class of 1991 Trustee 5.00
Director
$0 $0 $0
Robert Lee Bull Jr Class of 1993 Trustee 10.00
Director
$0 $0 $0
Melinda J Burdette Class of 1972 Trustee 10.00
Director
$0 $0 $0
Tinisha J Cheatham Trustee 5.00
Director
$0 $0 $0
Marc Cousins Trustee 5.00
Director
$0 $0 $0
Elizabeth Ellers Class of 1981 Trustee 5.00
Director
$0 $0 $0
Leda Fuller Favor Class of 1979 Trustee 5.00
Director
$0 $0 $0
Stefano Fiore Class of 2022 Trustee 5.00
Director
$0 $0 $0
Deanna Galer Class of 2017 Trustee 5.00
Director
$0 $0 $0
Linda K Himmelberger Class of 1974 Trustee 5.00
Director
$0 $0 $0
Miriam Brown Hutchins Class of 1973 Trustee 5.00
Director
$0 $0 $0
Miriam E Katowitz Class of 1973 Trustee 5.00
Director
$0 $0 $0
Marcus Loveland Trustee 5.00
Director
$0 $0 $0
Dr Michael Okoroafor Trustee 5.00
Director
$0 $0 $0
Alice G Pinderhughes Class of 1973 Trustee 5.00
Director
$0 $0 $0
Rosana Roig Class of 1978 Trustee 5.00
Director
$0 $0 $0
Madalyn Romberger Class of 2021 Trustee 5.00
Director
$0 $0 $0
Jonathan Schoenfeld Class of 1997 Trustee 5.00
Director
$0 $0 $0
Kim Shaffir Class of 1983 Trustee 5.00
Director
$0 $0 $0
Stewart Thomsen Trustee 5.00
Director
$0 $0 $0
Cindy Truitt Class of 1988 Trustee 5.00
Director
$0 $0 $0
Marilyn S Warshawsky Class of 1968 Trustee 5.00
Director
$0 $0 $0
Craig Watson Trustee 5.00
Director
$0 $0 $0
Betsy Weingarten Class of 1988 Trustee 5.00
Director
$0 $0 $0
Jonathan Wexler Class of 1994 Trustee 5.00
Director
$0 $0 $0
Wendy S White Class of 1972 Trustee 5.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $139,553,594 $110,917,845 $477,504,242 $28,635,749
2023 $84,585,565 $108,259,060 $430,325,294 $-23,673,495
2022 $98,173,295 $105,351,079 $435,635,122 $-7,177,784
2021 $93,532,964 $89,639,463 $461,840,721 $3,893,501
2020 $93,748,228 $110,448,701 $394,278,148 $-16,700,473
2019 $100,707,670 $115,582,283 $412,296,969 $-14,874,613
2018 $111,694,347 $109,092,301 $427,212,082 $2,602,046
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