FERRUM, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FERRUM COLLEGE, founded in 1914, is a mid-sized nonprofit in the Education sector that reported $40.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $103.3M represent 31 months of operating reserves.
OUR STUDENTS ENTER WITH PROMISE AND LEAVE WITH PURPOSE. WE FOSTER PERSONAL GROWTH, ACADEMIC EXCELLENCE, CAREER-READY SKILLS, AND A COMPASSION FOR SERVICE GROUNDED IN FAITH. WE EMPOWER INDIVIDUALS TO LEAD PURPOSEFUL LIVES, GUIDED BY FERRUM COLLEGE VALUES AND A COMMITMENT TO IMPACT THEIR COMMUNITIES AND THE WORLD.
INSTRUCTION - FERRUM MAINTAINS A TRADITION OF OFFERING A COMPREHENSIVE ACADEMIC PROGRAM IN ACCORD WITH A LIBERAL ARTS CORE. WE STRIVE TO PROVIDE EDUCATION AND TO MAXIMIZE STUDENTS' CHANCES FOR...
INSTRUCTION - FERRUM MAINTAINS A TRADITION OF OFFERING A COMPREHENSIVE ACADEMIC PROGRAM IN ACCORD WITH A LIBERAL ARTS CORE. WE STRIVE TO PROVIDE EDUCATION AND TO MAXIMIZE STUDENTS' CHANCES FOR SUCCESS BY PROVIDING ONE-ON-ONE SUPPORT, INDIVIDUAL ATTENTION AND POSITIVE REINFORCEMENT. THE CURRICULUM INCLUDES OPPORTUNITIES FOR CAREER PREPARATION AS WELL AS PERSONAL DEVELOPMENT IN ORDER TO HELP EACH STUDENT FULFILL HIS OR HER PERSONAL EDUCATIONAL GOALS. FERRUM COLLEGE OFFERS 32 MAJORS AND 41 MINORS, AS WELL AS A STUDENT-FACULTY RATIO OF 11:1. THE COLLEGE STRIVES TO PROVIDE PRE-PROFESSIONAL LEARNING OPPORTUNITIES BY OFFERING A WIDE ARRAY OF INTERNSHIPS IN ITS MAJORS. THE COLLEGE ALSO OFFERS SEVERAL GRADUATE PROGRAMS. FERRUM COLLEGE PROVIDES ONE-ON-ONE SUPPORT THROUGH TUTORING, ACADEMIC ADVISING AND ACADEMIC COUNSELING THROUGH THE CARTER CENTER FOR ACADEMIC SUCCESS. THE COLLEGE ALSO OPERATES A FITNESS CENTER THAT PROVIDES OPPORTUNITIES FOR STUDENTS TO PUT INTO PRACTICE WHAT THEY ARE LEARNING IN THE CLASSROOM.
ACADEMIC SUPPORT STANLEY LIBRARY CONSISTS OF THE 21ST CENTURY LEARNING AREA WHICH HOUSES OUR LEARNING ENGAGEMENT AND PRACTICE (LEAP) STUDIO FOR LIBRARY INSTRUCTION, OUR DIGITAL MEDIA CENTER, OUR...
ACADEMIC SUPPORT STANLEY LIBRARY CONSISTS OF THE 21ST CENTURY LEARNING AREA WHICH HOUSES OUR LEARNING ENGAGEMENT AND PRACTICE (LEAP) STUDIO FOR LIBRARY INSTRUCTION, OUR DIGITAL MEDIA CENTER, OUR DIGITAL AUDIO LAB, AND OUR "GREEN SCREEN" ROOM. THE LIBRARY ALSO HAS A SUFFICIENT PRINT COLLECTION, A LEARNING COMMONS STUDY AREA, FULL RANGE OF RESOURCE SHARING SERVICES, AND OTHER QUIET STUDY AREAS. THE MICHAEL CHRISTIAN '63 FOR FIRST-YEAR EXPERIENCE IS DESIGNED TO HELP STUDENTS ADJUST TO FERRUM COLLEGE AND OBTAIN THE NECESSARY SKILLS TO BECOME A SUCCESSFUL COLLEGE STUDENT. THE PROGRAM ENGAGES NEW STUDENTS TO CULTIVATE A BETTER UNDERSTANDING OF THE LEARNING PROCESS, AND TO TAKE ADVANTAGE OF THE CAMPUS RESOURCES AND COMMUNITY AVAILABLE TO THEM. THE STATE CENTER FOR BLUE RIDGE FOLKLORE, FERRUM COLLEGE'S BLUE RIDGE INSTITUTE AND MUSEUM (BRIM) HAS DOCUMENTED THE FOLKWAYS OF THE PEOPLE LIVING IN AND AROUND THE BLUE RIDGE MOUNTAINS. THE BRIM ADDS A UNIQUE ELEMENT TO FERRUM COLLEGE'S MODERN ACADEMIC PROGRAMS. THESE SERVICES ARE PROVIDED FREE OF CHARGE TO STUDENTS. THE BLUE RIDGE INSTITUTE FARM MUSEUM IS AVAILABLE TO THE GENERAL PUBLIC FOR A SMALL FEE.
STUDENT SERVICES - STUDENT LEADERSHIP AND ENGAGEMENT FACILITATES A DIVERSE CALENDAR OF EVENTS THAT ENHANCES AND COMPLIMENTS THE CURRICULUM AND CO-CURRICULUM; SUPPORTS CLUBS AND ORGANIZATIONS THAT NOT...
STUDENT SERVICES - STUDENT LEADERSHIP AND ENGAGEMENT FACILITATES A DIVERSE CALENDAR OF EVENTS THAT ENHANCES AND COMPLIMENTS THE CURRICULUM AND CO-CURRICULUM; SUPPORTS CLUBS AND ORGANIZATIONS THAT NOT ONLY INVOLVE, BUT ENGAGES STUDENTS, AND PROMOTES SERVICE LEARNING. ATHLETICS - FERRUM COLLEGE CONSIDERS INTERCOLLEGIATE ATHLETICS TO BE AN INTEGRAL PART OF THE COLLEGE EXPERIENCE AND SEEKS TO PROVIDE POSITIVE AND ENRICHING PROGRAMS THAT COMPLEMENT AND REINFORCE THE EDUCATIONAL PURSUITS, ACADEMIC SUCCESS, AND ATHLETIC EXCELLENCE OF STUDENT ATHLETES. ADMISSIONS PROMOTES FERRUM COLLEGE THROUGH VARIOUS MARKETING PROGRAMS INCLUDING MAILINGS, ATTENDANCE AT VARIOUS HIGH SCHOOL COLLEGE FAIRS, AND PERSONAL TOURS OF THE CAMPUS IN ORDER TO ENROLL STUDENTS. FINANCIAL AID COMPLEMENTS THE ADMISSIONS PROCESS BY WORKING WITH FAMILIES TO SECURE FINANCIAL RESOURCES REQUIRED FOR ATTENDANCE. REGISTRAR ASSISTS AS WELL BY VERIFYING THE ACADEMIC CREDENTIALS OF POTENTIAL STUDENTS AND THEN FOLLOWS THE STUDENT THROUGH THEIR ACADEMIC PROGRESS TO GRADUATION. TRI-AREA COMMUNITY HEALTH CENTER (3RD PARTY PARTNER) AND FERRUM COLLEGE COUNSELING SERVICES PROVIDE HEALTH SERVICES TO OUR STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $40,045,924 | $43,150,167 | -0.1% |
| Expenses | $41,442,376 | $47,747,076 | -0.1% |
| Net Income | $-1,396,452 | $-4,596,909 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| D SCOTT SHOWALTER | CHAIR OF THE BOARD OF TRUS | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| W JEFFREY BOOKER | 1ST VICE CHAIR | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| EVERETT FOXX | 2ND VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| AMANDA COX | SECRETARY | 0.80 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID ARRINGTON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| REV DR SARAH CALVERT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JOHN P COUGILL | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| F ABE DYMOND | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JAMIE GREEN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| CLYDE HOLLAND PERDUE III | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GERARD ROBINSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BISHOP SUE HAUPERT-JOHNSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GLENN LOOPE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| DR KAREN MCELFISH | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JUDSON MASON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANNITA P NELSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| BAXTER F PHILLIPS JR | TRUSTEE | 0.80 |
Director
|
$0 | $0 | $0 |
| NANCY WALSH | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| FRANCES DYMOND | CHIEF LEGAL OFFICER | 20.00 |
Officer
|
$5,216 | $0 | $5,216 |
| JESSICA LUTHER | ASSOC CHIEF ACCOUNTING OFFICER/CFO | 55.00 |
Officer
|
$84,509 | $10,926 | $95,435 |
| DR MIRTA M MARTIN | PRESIDENT | 55.00 |
Officer
|
$204,188 | $19,067 | $223,255 |
| LISA BOWLING | VP FOR INSTITUTIONAL ADVAN | 40.00 |
Highest
|
$130,049 | $12,313 | $142,362 |
| MARK POORE | VICE PRESIDENT OF TECHNOLOGY | 40.00 |
Highest
|
$125,879 | $505 | $126,384 |
| DELIA HECK | PROVOST | 55.00 |
Highest
|
$111,138 | $12,580 | $123,718 |
| JASON POWELL | ASSOC VP ACADEMIC AFFAIRS | 40.00 |
Highest
|
$104,215 | $12,580 | $116,795 |
| MELODY SHARP | DIRECTOR OF NURSING | 40.00 |
Highest
|
$100,836 | $7,989 | $108,825 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $40,045,924 | $41,442,376 | $127,530,844 | $-1,396,452 |
| 2024 | $43,150,167 | $47,747,076 | $124,498,875 | $-4,596,909 |
| 2023 | $43,486,308 | $48,426,770 | $126,357,545 | $-4,940,462 |
| 2022 | $48,896,269 | $51,555,496 | $126,663,415 | $-2,659,227 |
| 2021 | $55,095,232 | $50,724,669 | $138,488,654 | $4,370,563 |
| 2020 | $50,862,337 | $53,101,585 | $125,611,329 | $-2,239,248 |
| 2019 | $52,056,769 | $53,791,127 | $124,844,640 | $-1,734,358 |
| 2018 | $51,272,796 | $53,566,276 | $125,074,857 | $-2,293,480 |
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