BENNETT COLLEGE

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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

1889

Legal Domicile

Principal Officer

SUZANNE WALSH

Phone

3365172100

Tax Period

2023-07-01 to 2024-06-30

BENNETT COLLEGE, founded in 1889, is a mid-sized nonprofit in the Education sector that reported $16.6M in total revenue in fiscal year 2023. Expenses of $16.0M left a modest 4% surplus.

Mission

TO OFFER WOMEN AN EDUCATION CONDUCIVE TO EXCELLENCE IN SCHOLARLY PURSUITS, PREPARATION FOR LEADERSHIP ROLES IN THE WORKPLACE, SOCIETY, AND THE WORLD, AND LIFE-LONG LEARNING IN A TECHNOLOGICALLY ADVANCED, COMPLEX GLOBAL SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $6,826,340 Revenue: $3,031,747

TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD. A TOTAL OF 374 STUDENTS WERE...

TO SUSTAIN A LEARNING COMMUNITY IN WHICH STUDENTS CAN PREPARE ACADEMICALLY, SOCIALLY, AND SPIRITUALLY FOR LEADERSHIP IN A COMPLEX, DIVERSE, AND RAPIDLY CHANGING WORLD. A TOTAL OF 374 STUDENTS WERE ENROLLED DURING THE FALL AND SPRING SEMESTERS.

Program 2

Expenses: $1,235,525 Revenue: $1,257,186

AUXILIARY ENTERPRISE SUPPORTS THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES...

AUXILIARY ENTERPRISE SUPPORTS THE COLLEGE'S MISSION OF PROVIDING QUALITY EDUCATIONAL OPPORTUNITIES. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, FOOD SERVICES, CAMPUS HOUSING, POSTAL SERVICES, PARKING, VENDING, CAMPUS STORES AND ATHLETICS.

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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 $11,425,702

Program Service Revenue $4,006,362

Investment Income $888,578

Other Revenue $248,826

TOTAL REVENUE $16,569,468

Expense Breakdown

Grants Paid $2,641,861

Salaries & Benefits $4,838,459

Fundraising Expenses $590,090

Program Expenses $8,061,865

Other Expenses $8,504,466

TOTAL EXPENSES $15,984,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,569,468	$16,836,615	0.0%
Expenses	$15,984,786	$16,186,107	0.0%
Net Income	$584,682	$650,508	-0.1%

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

216

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

$1,260,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERMON M BAFATY	TRUSTEE	1.00	Director	$0	$0	$0
DR ANNA HARRISON	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
DR RONALD L CARTER	TRUSTEE	1.00	Director	$0	$0	$0
REV RODVEGAS MARC INGRAM SR	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
DR CHARLENE GREEN	TRUSTEE	1.00	Director	$0	$0	$0
ATTY CASSANDRA JONES HARVARD	TRUSTEE	1.00	Director	$0	$0	$0
ZAKYA JONES-WALKER	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
DR PAMELA CV JOLLY	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
DEBRA CLARK JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
DR MARK MILLIRON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATALIE RENEE PARKER	TRUSTEE	1.00	Director	$0	$0	$0
SENATOR GLADYS ASHE ROBINSON PHD	CHAIR	1.00	Officer Director	$0	$0	$0
DR MELBA GOODE	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
ATTY NICOLE WASHINGTON	TRUSTEE	1.00	Director	$0	$0	$0
ATTY MADIEU WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
MIGNON ESPY EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
MELANI WALKER DZIIRE CPA	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL PARQUET	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE E WALSH	PRESIDENT	40.00	Officer	$298,020	$14,271	$312,291
ELIZABETH WAUGH	CFO AND VICE PRESIDENT OF BUSINESS	40.00	Officer	$126,629	$24,049	$150,678
YVETTE WIMBERLY	ASSISTANT VICE PRESIDENT, ENROLLMENT	40.00	Officer	$109,498	$21,013	$130,511
SANTIBA CAMPBELL	ASSOCIATE PROFESSOR, PSYCHOLOGY	40.00	Officer	$65,696	$18,633	$84,329
JERMAINE THOMAS	EXECUTIVE DIRECTOR, CAMPUS SAFETY AND HEALTH	40.00	Officer	$99,690	$21,932	$121,622
FRANK MCCAIN	VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT	40.00	Officer	$42,214	$10,974	$53,188
LAURA MCCLEAN	VICE PRESIDENT, ACADEMIC AFFAIRS	40.00	Officer	$128,083	$22,640	$150,723
PHANALPHIE RHUE	VICE PRESIDENT, INSTITUTIO	40.00	Officer	$122,723	$23,780	$146,503
SHEMRICO ROMAN STANLEY	VICE PRESIDENT, ENROLLEMEN	40.00	Officer	$102,809	$7,883	$110,692

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	No data	No data	No data	No data
2024	$16,569,468	$15,984,786	$45,502,241	$584,682
2023	$16,836,615	$16,186,107	$42,982,121	$650,508
2022	$19,731,439	$16,688,976	$43,688,043	$3,042,463
2021	$40,377,386	$15,751,196	$45,162,174	$24,626,190
2020	$15,339,187	$18,821,637	$51,386,635	$-3,482,450
2019	$26,806,803	$21,747,839	$54,526,958	$5,058,964
2018	$18,360,983	$18,578,973	$50,983,822	$-217,990