BENEDICT COLLEGE (EIN 570314365) - 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

1894

Legal Domicile

Principal Officer

ROSLYN CLARK ARTIS

Phone

8037054730

Tax Period

2022-07-01 to 2023-06-30

BENEDICT COLLEGE, founded in 1894, is a mid-sized nonprofit in the Education sector that reported $69.7M in total revenue in fiscal year 2022. Expenses of $65.4M left a modest 6% surplus.

Mission

BENEDICT COLLEGE WILL BE A POWER FOR GOOD IN SOCIETY. THE COLLEGE IS A FULL OPPORTUNITY COLLEGE WITH HIGH QUALITY PROGRAMS OF TEACHING, RESEARCH, AND PUBLIC SERVICE. THESE PROGRAMS PROVIDE THE STUDENTS AND COMMUNITY WITH KNOWLEDGE, SKILLS, UNDERSTANDING, AND VALUES REQUIRED TO EMPOWER THEM TO CREATE A BETTER WORLD. THE COLLEGE SEEKS GEOGRAPHIC, INTERNATIONAL, AND RACIAL DIVERSITY IN THE STUDENT BODY WHILE CONTINUING TO FACILITATE EMPOWERMENT, ENHANCEMENT, AND FULL PARTICIPATION OF AFRICAN AMERICANS IN A GLOBAL SOCIETY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $23,288,369

Program Service Revenue $45,273,783

Investment Income $903,768

Other Revenue $226,417

TOTAL REVENUE $69,692,337

Expense Breakdown

Grants Paid $15,311,739

Salaries & Benefits $20,651,334

Fundraising Expenses $0

Program Expenses $45,571,194

Other Expenses $29,441,166

TOTAL EXPENSES $65,404,239

Year-over-Year Comparison

	2022	2021	Change
Revenue	$69,692,337	$72,326,986	0.0%
Expenses	$65,404,239	$68,030,606	0.0%
Net Income	$4,288,098	$4,296,380	0.0%

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

450

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

$622,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHARLIE W JOHNSON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
G TYRONE BONDS	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
DR ELSIE KING HAMLER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY T BURROUGHS	DIRECTOR	1.00	Director	$0	$0	$0
TYRONE A BURROUGHS	DIRECTOR	1.00	Director	$0	$0	$0
VALORIA CHEEK	DIRECTOR	1.00	Director	$0	$0	$0
HILDA D GADSDEN	DIRECTOR	1.00	Director	$0	$0	$0
MARY GAFFNEY	DIRECTOR	1.00	Director	$0	$0	$0
CEDELLE E GATES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
REV DR SOLOMON JACKSON JR	DIRECTOR	1.00	Director	$0	$0	$0
DR GAIL M MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
RICH PANNER	DIRECTOR	1.00	Director	$0	$0	$0
DR HAYWOOD L STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM L THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE J TYSON	DIRECTOR	1.00	Director	$0	$0	$0
EMORY L WATERS	DIRECTOR	1.00	Director	$0	$0	$0
DR DOROTHY BUCKHANAN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DR ROSLYN CLARK ARTIS	PRESIDENT & CEO	40.00	Officer	$449,636	$49,500	$499,136
CHRISTOPHER THOMPSON	VP FOR BUSINESS & FINANCE-PART YEAR	40.00	Officer	$123,235	$0	$123,235
LEANDRA HAYES-BURGESS	VP FOR INSTITUTIONAL ADVAN	40.00	Highest	$157,590	$0	$157,590
CHENNIS C BERRY	ATHLETICS-FOOTBALL COACH	40.00	Highest	$156,578	$0	$156,578
GODWIN E MBAMALU	SPONSORED PROGRAMS	40.00	Highest	$154,500	$0	$154,500
JANEEN P WITTY TUCKER	VP FOR ACADEMIC AFFAIRS	40.00	Highest	$154,500	$0	$154,500
VERNA FAYLON ORR	VP/CHIEF OF STAFF	40.00	Highest	$140,000	$0	$140,000

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
2023	$69,692,337	$65,404,239	$142,804,025	$4,288,098
2022	$72,326,986	$68,030,606	$139,749,707	$4,296,380
2021	$103,963,423	$54,459,932	$125,168,900	$49,503,491
2020	$61,010,211	$60,352,428	$122,453,279	$657,783
2019	$60,502,776	$58,805,791	$120,889,665	$1,696,985
2018	$65,561,566	$65,216,817	$115,438,092	$344,749

BENEDICT COLLEGE