Newberry College (EIN 570314404) - 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

1856

Legal Domicile

Phone

8032765010

Tax Period

2023-07-01 to 2024-06-30

Newberry College, founded in 1856, is a mid-sized nonprofit in the Education sector that reported $61.3M in total revenue in fiscal year 2023.

Mission

Provide undergraduate education for approximately 1,000 students.

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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 $3,632,939

Program Service Revenue $57,384,213

Investment Income $209,390

Other Revenue $35,367

TOTAL REVENUE $61,261,909

Expense Breakdown

Grants Paid $24,214,221

Salaries & Benefits $17,638,516

Fundraising Expenses $1,264,559

Program Expenses $60,479,773

Other Expenses $25,326,319

TOTAL EXPENSES $67,179,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,261,909	$62,705,043	0.0%
Expenses	$67,179,056	$59,361,003	+0.1%
Net Income	$-5,917,147	$3,344,040	-2.8%

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

634

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

$501,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Lenna Young	Secretary (Part Year)/Board Chair	10.0	Officer Director	$0	$0	$0
Mr Eric Wells	Board Vice Chair (Part Year)	5.0	Officer Director	$0	$0	$0
Mr Jon Hart	Treasurer	5.0	Officer Director	$0	$0	$0
Mr Kevin Steelman	Trustee (Part Year)/Vice Chair	10.0	Officer Director	$0	$0	$0
Mr Robert Best	Board Chair (Part Year)/Trustee	5.0	Officer Director	$0	$0	$0
Ms Mary Grate-Pyos	Trustee (Part Year)/Secretary	8.0	Officer Director	$0	$0	$0
Dr Trey Castles	Trustee/Exe Comm at Large	5.0	Director	$0	$0	$0
Keith Avery	Trustee	5.0	Director	$0	$0	$0
Mr DD Boyd	Trustee	5.0	Director	$0	$0	$0
Mr Hugo A Pearce III	Trustee	10.0	Director	$0	$0	$0
Mr James P Coggins	Trustee	5.0	Director	$0	$0	$0
Mr Jerome Singleton	Trustee	5.0	Director	$0	$0	$0
Mr Joe Trainor	Trustee	5.0	Director	$0	$0	$0
Mr Joel Carter	Trustee (Part Year)	5.0	Director	$0	$0	$0
Mr John Winarchick	Trustee	5.0	Director	$0	$0	$0
Mr Kevin Raines	Trusteee	5.0	Director	$0	$0	$0
Mr Kevin Strickland	Trustee	5.0	Director	$0	$0	$0
Mr Lamont Wells	Trustee/ELCA Rep	5.0	Director	$0	$0	$0
Mr Larry Dibiase	Trustee (Part Year)	5.0	Director	$0	$0	$0
Mr Mark Hammond	Trustee	5.0	Director	$0	$0	$0
Mr Ned Tupper	Trustee	5.0	Director	$0	$0	$0
Mr Richard Herrington	Trustee (Part Year)	5.0	Director	$0	$0	$0
Mr Sylvester Coleman	Trustee	5.0	Director	$0	$0	$0
Mr Todd Sanders	Trustee/Athletic Club Rep	5.0	Director	$0	$0	$0
Mr William Steen	Trustee	5.0	Director	$0	$0	$0
Ms Jessica Shealy	Trustee/Alimni Rep	5.0	Director	$0	$0	$0
Ms Lisa Wagner	Trustee	5.0	Director	$0	$0	$0
Ms Patricia Pearson	Trustee	5.0	Director	$0	$0	$0
Ms Sara Peters	Trustee/Faculty Rep	5.0	Director	$0	$0	$0
Dr Maurice Scherrens	President	37.5	Officer	$304,640	$19,911	$324,551
Mr David Sayers	VP Admin Affairs & CFO (Part Year)	37.5	Officer	$122,653	$0	$122,653
Mr Joe Botana	VP Admin Affairs & CFO	20.0	Officer	$0	$0	$0
Mr Jon Kokos	VP Admin Affairs & CFO (Part Year)	37.5	Officer	$45,669	$8,321	$53,990
Dr David Harpool	Advisor to the President	37.5	Highest	$114,824	$27,485	$142,309
Dr Sidney H Parrish	VPAA & Dean of College (Part Year)	37.5	Highest	$181,575	$28,222	$209,797
Mr Barry McClanahan	VP Student Affairs	37.5	Highest	$127,044	$6,650	$133,694
Mr Sean Johnson	Athletics Director	37.5	Highest	$122,426	$43,394	$165,820
Mr Todd Knight	Head Coach, Football	37.5	Highest	$125,440	$26,140	$151,580

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	$61,261,909	$67,179,056	$79,661,514	$-5,917,147
2023	$62,705,043	$59,361,003	$79,179,675	$3,344,040
2022	$51,709,482	$57,528,731	$71,038,341	$-5,819,249
2021	$54,024,496	$51,166,246	$69,782,907	$2,858,250
2020	$52,885,956	$49,307,343	$63,850,251	$3,578,613
2019	$48,203,628	$47,413,784	$56,637,293	$789,844
2018	$45,137,360	$44,448,332	$55,367,450	$689,028

Newberry College