DAVIS & ELKINS COLLEGE (EIN 550357021) - 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

1904

Legal Domicile

Principal Officer

DIANA L WHITE

Phone

3046371250

Tax Period

2023-07-01 to 2024-06-30

DAVIS & ELKINS COLLEGE, founded in 1904, is a mid-sized nonprofit in the Education sector that reported $37.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $125.7M represent 40 months of operating reserves.

Mission

TO PREPARE AND INSPIRE STUDENTS FOR SUCCESS AND FOR THOUGHTFUL ENGAGEMENT IN THE WORLD.

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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 $6,170,263

Program Service Revenue $27,060,624

Investment Income $4,006,237

Other Revenue $680,606

TOTAL REVENUE $37,917,730

Expense Breakdown

Grants Paid $14,185,950

Salaries & Benefits $12,341,802

Fundraising Expenses $1,033,523

Program Expenses $34,234,398

Other Expenses $12,579,895

TOTAL EXPENSES $39,107,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,917,730	$55,435,506	-0.3%
Expenses	$39,107,647	$37,234,460	+0.1%
Net Income	$-1,189,917	$18,201,046	-1.1%

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

667

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

$1,021,269

Total Directors

$283,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHRIS A WOOD	PRESIDENT	37.50	Officer Director	$233,997	$49,945	$283,942
MR DAVID E CUTLIP	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MR BARRY A GREENE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MR REGINALD OWENS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
MS BARBARA PORTER	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
MS JOYCE B ALLEN	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR MARK S BARBER	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR JAMES BIALEK	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS SARAH BILLER	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR NATHANIEL BONNELL	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS MELANIE DEMPSEY	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS NANCY EVANS-BENNETT	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DR KIMBERLY M FARRY	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR WILLIAM N JOHNSTON	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR HENRY M MOORE	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS JUNE B MYLES	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR WILLIAM W NUTTALL	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DR JOHN OCHSENDORF	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DR NICOLAAS P PRONK	BOARD TRUSTEE	1.00	Director	$0	$0	$0
DR ROBERT G SMITH	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR LOUIS W STARK	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR PAUL S STIRRUP	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR LEONARD J TIMMS	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS AMBER VINEYARD	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS KAREN H BERNER	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MR JAMES S MCDONNELL III	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS DOROTHY H WAMSLEY	BOARD TRUSTEE	1.00	Director	$0	$0	$0
MS ROBIN PRICE	BOARD TRUSTEE	1.00	Director	$0	$0	$0
ROSEMARY M THOMAS	EXECUTIVE VICE PRESIDENT	37.50	Officer	$149,531	$17,422	$166,953
ROBERT J PHILLIPS	PROVOST AND VP FOR ACADEMIC AFFAIRS	37.50	Officer	$126,400	$31,628	$158,028
SCOTT D GOODARD	VP FOR INSTITUTIONAL ADVANCEMENT	37.50	Officer	$107,238	$17,877	$125,115
ROBERT O HARDMAN	VP FOR BUSINESS AND ADMINISTRATION	37.50	Officer	$94,610	$15,826	$110,436
PATRICK M SNIVELY	ATHLETIC DIRECTOR	37.50	Officer	$77,798	$13,593	$91,391
KATHERINE GARLICK	DEAD OF STUDENTS	37.50	Officer	$67,449	$17,955	$85,404

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	$37,917,730	$39,107,647	$130,338,127	$-1,189,917
2023	$55,435,506	$37,234,460	$124,538,810	$18,201,046
2022	$34,399,350	$34,639,883	$103,831,288	$-240,533
2021	$52,569,179	$33,263,743	$113,637,613	$19,305,436
2020	$39,097,334	$35,472,458	$85,047,985	$3,624,876
2019	$32,943,324	$34,934,850	$81,571,131	$-1,991,526
2018	$39,495,566	$35,360,431	$80,439,109	$4,135,135

DAVIS & ELKINS COLLEGE