FERRUM COLLEGE (EIN 540506457) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1914

Legal Domicile

Principal Officer

DR MIRTA M MARTIN

Phone

5403654231

Tax Period

2024-07-01 to 2025-06-30

FERRUM COLLEGE, founded in 1914, is a mid-sized nonprofit in the Education sector that reported $51.3M in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year.

Mission

FERRUM COLLEGE IS A PRIVATE LIBERAL ARTS INSTITUTION THAT PROVIDES BOTH UNDERGRADUATE AND GRADUATE DEGREES. WE ARE A DYNAMIC LEARNING COMMUNITY WHERE STUDENTS ENTER WITH PROMISE AND LEAVE WITH PURPOSE. THE MISSION IS SUPPORTED BY OUR VISION TO INSPIRE EVERYONE TO DO GOOD WORK, BUILD GOOD FUTURES, AND LIVE GOOD LIVES. THROUGH GENEROSITY OF SPIRIT, BEING A COMMUNITY THAT CONNECTS AND INSPIRES, PROVIDING OPPORTUNITY, REGARDLESS OF BACKGROUND, AND EXHIBITING RESILIENCE THROUGH INNOVATION AND RESOURCEFULNESS, WE STRENGTHEN OUR MISSION AND VISION. OUR ONE PRIORITY IS TO FULFILL THE PROMISE OF COLLEGE BY PROVIDING PATHWAYS TO MEANINGFUL WORK, MAKING EDUCATION ATTAINABLE, AND STAYING CONNECTED FOR A LIFETIME.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,990,855

Program Service Revenue $29,110,736

Investment Income $1,829,784

Other Revenue $114,549

TOTAL REVENUE $40,045,924

Expense Breakdown

Grants Paid $13,172,106

Salaries & Benefits $14,364,869

Fundraising Expenses $467,647

Program Expenses $35,214,971

Other Expenses $13,905,401

TOTAL EXPENSES $41,442,376

Year-over-Year Comparison

	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%

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

643

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

$323,906

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

FERRUM COLLEGE