Greensboro College (EIN 560532144) - 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

1938

Legal Domicile

Phone

3362727102

Tax Period

2023-07-01 to 2024-06-30

Greensboro College, founded in 1938, is a mid-sized nonprofit in the Education sector that reported $23.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $27.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

An academic and social community that unites the liberal arts and Judeo-Christian values.

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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 $2,099,988

Program Service Revenue $19,122,903

Investment Income $1,387,309

Other Revenue $506,867

TOTAL REVENUE $23,117,067

Expense Breakdown

Grants Paid $4,625,982

Salaries & Benefits $10,363,013

Fundraising Expenses $565,464

Program Expenses $21,178,618

Other Expenses $12,414,066

TOTAL EXPENSES $27,403,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,117,067	$20,027,431	+0.2%
Expenses	$27,403,061	$26,856,774	+0.0%
Net Income	$-4,285,994	$-6,829,343	-0.4%

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

369

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

$744,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
kenneth C Mayer Jr	Second Vice Chair	1.0	Officer Director	$0	$0	$0
Kevin M Green	Secretary	1.0	Officer Director	$0	$0	$0
Martha F Bradberry	Chair	1.0	Officer Director	$0	$0	$0
Thomas W Clawson	First Vice Chair	1.0	Officer Director	$0	$0	$0
Allie Petrova	Board Member	1.0	Director	$0	$0	$0
Andreas Mosby	Board Member	1.0	Director	$0	$0	$0
Ashley D Roseboro	Board Member	1.0	Director	$0	$0	$0
Betty Jane Farrell Williams	Emeriti	1.0	Director	$0	$0	$0
Brittany S Carroll	Board Member	1.0	Director	$0	$0	$0
C Brent DeVore	Emeriti	1.0	Director	$0	$0	$0
Candace Lambeth Kime	Emeriti	1.0	Director	$0	$0	$0
Connie Shelton	Non-voting ex-officio member	1.0	Director	$0	$0	$0
Daniel Martin	Board Member Rolled Off 12/31/2023	1.0	Director	$0	$0	$0
Elizabeth Fonorow	Board Member	1.0	Director	$0	$0	$0
Frederick A Davie Jr	Board Member	1.0	Director	$0	$0	$0
Frederick Fred T Jones Jr	Life Emeriti Non-voting member, Deceased January 2024	1.0	Director	$0	$0	$0
Gail B Huggins	Emeriti	1.0	Director	$0	$0	$0
Gregory Gonzales	Board Member Rolled Off 12/31/2023	1.0	Director	$0	$0	$0
J Alexander S Barrett	Board Member Joined 1/01/2024	1.0	Director	$0	$0	$0
John A Tricoli III	Board Member Rolled Off 12/31/2023	1.0	Director	$0	$0	$0
Joshua M Noblitt	Board Member	1.0	Director	$0	$0	$0
Karen Riegel Anzola	Board Member	1.0	Director	$0	$0	$0
Kathrine S Peele	ex-officio voting member	1.0	Director	$0	$0	$0
Ken Carter	Non-voting ex-officio member	1.0	Director	$0	$0	$0
Lorraine Orr	Board Member	1.0	Director	$0	$0	$0
Lynn L Lane	Emeriti	1.0	Director	$0	$0	$0
Nickolay N Bochilo	Board Member Rolled Off 12/31/2023	1.0	Director	$0	$0	$0
Otto D Harris	Board Member Joined 1/01/2024	1.0	Director	$0	$0	$0
Russell R Myers	Emeriti	1.0	Director	$0	$0	$0
Shannon Scales	Board Member	1.0	Director	$0	$0	$0
Wilson Lester	Board Member	1.0	Director	$0	$0	$0
Anne Hurd	VP Chief Advancement Offic	40.0	Officer	$134,185	$0	$134,185
Christopher Elmore	VP Chief Financial Officer	40.0	Officer	$135,684	$0	$135,684
Daniel Malotky	VP for Academic Affairs Te	40.0	Officer	$117,550	$0	$117,550
Lawrence D Czarda	Non-voting ex-officio member	40.0	Officer	$245,999	$0	$245,999
Randy Doss	VP for Enrollment	40.0	Officer	$111,268	$0	$111,268

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	$23,117,067	$27,403,061	$49,827,917	$-4,285,994
2023	$20,027,431	$26,856,774	$48,075,606	$-6,829,343
2022	$26,829,326	$24,057,014	$51,991,502	$2,772,312
2021	$24,514,416	$22,520,282	$58,271,296	$1,994,134
2020	$22,917,334	$22,440,165	$51,722,374	$477,169
2019	$29,901,870	$28,743,569	$50,906,661	$1,158,301
2018	$29,657,561	$28,730,506	$49,295,852	$927,055

Greensboro College