CATAWBA COLLEGE (EIN 560530251) - 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

1851

Legal Domicile

Principal Officer

BOB WALLETT

Phone

7046454853

Tax Period

2024-06-01 to 2025-05-31

CATAWBA COLLEGE, founded in 1851, is a major nonprofit in the Education sector that reported $310.5M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $215.3M, a strong 69% operating margin.

Mission

CATAWBA COLLEGE WAS FOUNDED IN NEWTON, NORTH CAROLINA, IN 1851 BY THE GERMAN REFORMED CHURCH. THE COLLEGE - WHICH IS TODAY AFFILIATED WITH THE UNITED CHURCH OF CHRIST - MOVED TO ITS PRESENT LOCATION IN SALISBURY IN 1925. THE COLLEGE ENDEAVORS TO ATTRACT STUDENTS BOTH NATIONALLY AND INTERNATIONALLY OF GOOD ABILITY AND CHARACTER. A PRIVATE, CO-EDUCATIONAL INSTITUTION, CATAWBA OFFERS THE BACHELOR OF ARTS, BACHELOR OF ARTS-EDUCATION, BACHELOR OF BUSINESS ADMINISTRATION, BACHELOR OF FINE ARTS, BACHELOR OF SCIENCE, AND MASTER OF EDUCATION TO TRADITIONAL AND NON-TRADITIONAL STUDENTS. THE COLLEGE ALSO SERVES THE PUBLIC THROUGH EDUCATIONAL OUTREACH AND VOLUNTEER SERVICE PROGRAMS FOR THE WORLD COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $254,774,703

Program Service Revenue $50,776,155

Investment Income $4,859,624

Other Revenue $95,644

TOTAL REVENUE $310,506,126

Expense Breakdown

Grants Paid $30,113,533

Salaries & Benefits $29,680,227

Fundraising Expenses $1,632,824

Program Expenses $66,860,554

Other Expenses $35,354,657

TOTAL EXPENSES $95,170,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$310,506,126	$119,840,475	+1.6%
Expenses	$95,170,917	$78,537,233	+0.2%
Net Income	$215,335,209	$41,303,242	+4.2%

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

765

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

$993,478

Total Directors

Key Employees

$604,932

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA L MARSHALL	VICE CHAIR (TERM'D 3/25/25)/CHAIR (BEGAN 3/25/25)	1.00	Officer Director	$0	$0	$0
ROBERT B ARNOLD JR	CHAIR (TERM'D 3/25/25)	1.00	Officer Director	$0	$0	$0
GERALD FRANCIS	DIRECTOR/VICE CHAIR (BEGAN 3/25/25)	1.00	Officer Director	$0	$0	$0
RONALD J MACCARONI	TREASURER	1.00	Officer Director	$0	$0	$0
DR RANDALL S CRUMPLER	SECRETARY	1.00	Officer Director	$0	$0	$0
C SHUFORD ABERNETHY III	DIRECTOR (TERM'D 3/25/25)	1.00	Director	$0	$0	$0
GREGORY M ALCORN	DIRECTOR (TERM'D 3/25/25)	1.00	Director	$0	$0	$0
MARK ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
GWIN BARR	DIRECTOR	1.00	Director	$0	$0	$0
GARY BLABON	DIRECTOR	1.00	Director	$0	$0	$0
TOM BURDETTE	DIRECTOR	1.00	Director	$0	$0	$0
TINA COSTINO JONES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CRUMEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STOKES DENNARD	DIRECTOR (TERM'D 3/25/25)	1.00	Director	$0	$0	$0
BART EDGE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM M GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
GLEN LLOYD	DIRECTOR (BEGAN 3/25/25)	1.00	Director	$0	$0	$0
NICK MEANS	DIRECTOR (BEGAN 3/25/25)	1.00	Director	$0	$0	$0
MARVIN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SEIWELL	DIRECTOR	1.00	Director	$0	$0	$0
FRED J STANBACK JR	DIRECTOR	1.00	Director	$0	$0	$0
LEE SYRIA	DIRECTOR	1.00	Director	$0	$0	$0
BILL WAGONER	DIRECTOR	1.00	Director	$0	$0	$0
MONA WALLACE	DIRECTOR (TERM'D 3/25/25)	1.00	Director	$0	$0	$0
SALLY WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID P NELSON	PRESIDENT	40.00	Officer	$328,357	$33,495	$361,852
MONICA COWART	EVP & PROVOST	40.00	Officer	$244,900	$20,011	$264,911
MARGARET K DEES	VP OF DEVELOPMENT	40.00	Officer	$228,379	$2,447	$230,826
SANDRA QUAYE	VP PF FINANCE AND ADMIN	40.00	Officer	$126,500	$9,389	$135,889
IMRAN G CHOWDHURY	DEAN OF SCHOOL OF BUSINESS	40.00	Key Emp	$221,583	$16,583	$238,166
LEE BALL	VP OF SUSTAINABILITY/EXEC	40.00	Key Emp	$176,353	$15,788	$192,141
CAYCE C WILL	CHIEF INFORMATION OFFICER	40.00	Key Emp	$158,105	$16,520	$174,625
JOHN E MORRISON	EXECUTIVE DIRECTOR, CLEAN	40.00	Highest	$149,817	$15,137	$164,954
MICHELLE P CADDIGAN	VP OF ATHLETICS	40.00	Highest	$147,982	$7,640	$155,622
VALERIE RAKES	CHAIR OF NURSING DEPARTMENT	40.00	Highest	$145,191	$16,520	$161,711
CHRISTINE LYNN	ASSOC. DEAN OF SCHOOL OF BUSINESS	40.00	Highest	$143,950	$7,203	$151,153
JARED TICE	SVP & CHIEF STRATEGY OFFICER	40.00	Highest	$140,977	$14,715	$155,692

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	$310,506,126	$95,170,917	$833,178,617	$215,335,209
2024	$119,840,475	$78,537,233	$557,500,506	$41,303,242
2023	$98,707,113	$67,931,220	$442,162,950	$30,775,893
2022	$275,797,439	$61,529,338	$404,243,208	$214,268,101
2021	$93,252,723	$57,550,510	$214,355,781	$35,702,213
2020	$66,906,876	$59,922,353	$180,170,732	$6,984,523
2019	$75,906,143	$59,206,506	$165,328,150	$16,699,637
2018	$64,281,199	$57,693,468	$150,476,316	$6,587,731

CATAWBA COLLEGE