BARTON COLLEGE (EIN 560529933) - 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

1902

Legal Domicile

Principal Officer

DOUGLAS N SEARCY

Phone

2523996314

Tax Period

2023-07-01 to 2024-06-30

BARTON COLLEGE, founded in 1902, is a mid-sized nonprofit in the Education sector that reported $58.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $52.1M left a modest 11% surplus.

Mission

FOUNDED IN 1902, BARTON COLLEGE IS A FOUR-YEAR, PRIVATE, LIBERAL ARTS COLLEGE LOCATED IN WILSON, N.C. THE BARTON EXPERIENCE FOCUSES ON ACADEMIC EXCELLENCE WITHIN A WIDE RANGE OF PROFESSIONAL AND LIBERAL ARTS PROGRAMS LEADING TO BACCALAUREATE AND MASTER'S DEGREES. BARTON CELEBRATES BOLD THINKING AMONG FACULTY AND STAFF AS THE COLLEGE NURTURES BOLD LEADERSHIP DEVELOPMENT AMONG STUDENTS. BARTON OFFERS PURPOSEFUL INTERNSHIPS AND PRACTICUMS IN ACADEMIC DISCIPLINES, ENGAGING CO-CURRICULAR COHORTS, MEANINGFUL INTERNATIONAL TRAVEL AND STUDY, RESEARCH AND PRESENTATION THROUGH THE DAY OF SCHOLARSHIP, OPPORTUNITIES TO GIVE BACK THROUGH COMMUNITY SERVICE, AN IMPRESSIVE ARRAY OF CULTURAL EVENTS, AND DIVERSE ATHLETIC COMPETITION AMONG MORE THAN 20 COLLEGIATE TEAMS.

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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 $10,539,437

Program Service Revenue $42,518,973

Investment Income $5,021,515

Other Revenue $454,812

TOTAL REVENUE $58,534,737

Expense Breakdown

Grants Paid $19,584,823

Salaries & Benefits $16,264,717

Fundraising Expenses $839,860

Program Expenses $46,629,248

Other Expenses $16,285,339

TOTAL EXPENSES $52,134,879

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,534,737	$49,943,456	+0.2%
Expenses	$52,134,879	$51,126,790	+0.0%
Net Income	$6,399,858	$-1,183,334	-6.4%

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

638

Volunteers

N/A

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

$595,111

Total Directors

Key Employees

$349,465

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR ERIC WAYNE SELLERS BOARD CHAIR	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MR BARRY F DILLEHAY	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
MR WILLIAM DENNIS ADAMS III	TRUSTEE	2.00	Director	$0	$0	$0
DR FRANK T BATTEN	TRUSTEE	2.00	Director	$0	$0	$0
DR GREGG A DEMAR	TRUSTEE	2.00	Director	$0	$0	$0
MS AMY DENTON	ALUMNI BOARD CHAIR	2.00	Director	$0	$0	$0
MR JAMES C FARTHING	TRUSTEE	2.00	Director	$0	$0	$0
MR G CHARLES FINKLEA JR	TRUSTEE	2.00	Director	$0	$0	$0
MR STUART FRANZ	TRUSTEE	2.00	Director	$0	$0	$0
DR HARLOW Z HEAD	TRUSTEE	2.00	Director	$0	$0	$0
MR GARLAND R HOMES JR	TRUSTEE	2.00	Director	$0	$0	$0
MR GARETH CARL HOSFORD	TRUSTEE	2.00	Director	$0	$0	$0
MRS PHYLLIS PARISH HOWARD	TRUSTEE	2.00	Director	$0	$0	$0
MR JOHN FLOYD LEE	TRUSTEE	2.00	Director	$0	$0	$0
DR DANIEL MICHALAK	TRUSTEE	2.00	Director	$0	$0	$0
MR CRAIG MYERS	TRUSTEE	2.00	Director	$0	$0	$0
MR THOMAS E QUINN	TRUSTEE	2.00	Director	$0	$0	$0
MR RHINE SHARP	TRUSTEE	2.00	Director	$0	$0	$0
MR MICHAEL SLEDGE	TRUSTEE	2.00	Director	$0	$0	$0
MR DAVID A TURNAGE	TRUSTEE	2.00	Director	$0	$0	$0
DR GRANTHAM D WARREN	TRUSTEE	2.00	Director	$0	$0	$0
DR GARNETT WHITEHURST	TRUSTEE	2.00	Director	$0	$0	$0
DR DOUGLAS SEARCY	PRESIDENT	50.00	Officer	$401,270	$26,334	$427,604
DANNY DAVIS	VP FOR ADMINISTRATION AND	50.00	Officer	$154,078	$13,429	$167,507
DENNIS MATTHEWS	VP FOR ENROLLMENT AND MARK	50.00	Key Emp	$179,697	$3,625	$183,322
VICTORIA MORRIS	VP OF PEOPLE & SUPPORT	50.00	Key Emp	$150,638	$15,505	$166,143
KEVIN PENNINGTON	PROVOST & VP FOR ACADEMIC	50.00	Highest	$149,677	$12,797	$162,474
AMANDA METTS	VP FOR ADMISSION/STUDENT ENGAGEMENT	50.00	Highest	$116,038	$1,215	$117,253
JOHN BETHUNE	PROFESSOR	50.00	Highest	$103,937	$2,195	$106,132
KELLY TARANTO	VP FOR INSTITUTIONAL ADVANCEMENT	50.00	Highest	$142,164	$1,491	$143,655

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	$58,534,737	$52,134,879	$94,665,332	$6,399,858
2023	$49,943,456	$51,126,790	$93,066,777	$-1,183,334
2022	$52,350,546	$50,522,882	$93,087,460	$1,827,664
2021	$47,073,555	$47,573,129	$97,394,035	$-499,574
2020	$49,833,272	$45,530,330	$91,610,927	$4,302,942
2019	$40,030,720	$43,378,382	$89,091,400	$-3,347,662
2018	$42,019,090	$39,209,008	$89,097,515	$2,810,082

BARTON COLLEGE