BERRY COLLEGE INC (EIN 580566133) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

Stephen R Briggs

Phone

7062362239

Tax Period

2023-07-01 to 2024-06-30

BERRY COLLEGE INC is a 501(c)(3) with EIN 580566133, based in Mount Berry, GA. Founded in 1903, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $208,400,299 in total revenue and $170,493,533 in total expenses, with net assets of $1,527,900,183.

Mission

Berry College is a private liberal arts college placing emphasis on the importance of a comprehensive and balanced education that unites a challenging academic program with opportunities for meaningful work experience, spiritual and moral growth, and significant service to others.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,155,605

Program Service Revenue $121,183,180

Investment Income $50,963,563

Other Revenue $6,097,951

TOTAL REVENUE $208,400,299

Expense Breakdown

Grants Paid $57,478,470

Salaries & Benefits $63,601,163

Fundraising Expenses $2,796,151

Program Expenses $146,438,530

Other Expenses $49,413,900

TOTAL EXPENSES $170,493,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,400,299	$202,833,401	+0.0%
Expenses	$170,493,533	$168,099,944	+0.0%
Net Income	$37,906,766	$34,733,457	+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

3012

Volunteers

N/A

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

$1,505,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen R Briggs	President	40	Officer	$683,246	$75,490	$758,736
Brian I Erb	Treasurer/V P for Finance	40	Officer	$473,536	$80,190	$553,726
Nancy Rewis	V P for Marketing and Communication	40	Highest	$217,911	$69,728	$287,639
Andrew Bressette	V P for Enrollment	40	Highest	$207,349	$46,639	$253,988
Caroline Reilly	Director of the Division of Nursing	40	Highest	$168,713	$45,243	$213,956
John Grout	Professor of Business Administration	40	Highest	$169,764	$43,556	$213,320
David Slade	Provost	40	Highest	$168,901	$43,457	$212,358
R Daniel Price	Secretary	40	Officer	$160,748	$32,720	$193,468
Mairo Akpose-Simpson	Trustee	0	Director	$0	$0	$0
Sheila Allen	Trustee	0	Director	$0	$0	$0
David Asbury	Trustee	0	Director	$0	$0	$0
D Randolph Berry	Trustee	0	Director	$0	$0	$0
Brian Brodrick	Trustee	0	Director	$0	$0	$0
Brandon D Bushnell	Trustee	0	Director	$0	$0	$0
Steven J Cage	Trustee	0	Director	$0	$0	$0
Peter J Capponi	Trustee	0	Director	$0	$0	$0
Aaron Chastain	Trustee	0	Director	$0	$0	$0
G Bert Clark Jr	Trustee	0	Director	$0	$0	$0
John Coleman	Trustee	0	Director	$0	$0	$0
John D Eadie	Trustee	0	Director	$0	$0	$0
Richard W Gilbert	Trustee	0	Director	$0	$0	$0
Vincent L Griffith	Trustee	0	Director	$0	$0	$0
Craig Heyl	Trustee	0	Director	$0	$0	$0
Karen Houghton	Trustee	0	Director	$0	$0	$0
Kathleen Kelly	Trustee	0	Director	$0	$0	$0
Angie Lewis	Trustee	0	Director	$0	$0	$0
Roger W Lusby III	Trustee	0	Director	$0	$0	$0
Araya Mesfin	Trustee	0	Director	$0	$0	$0
Peter M Musser	Trustee	0	Director	$0	$0	$0
Brent D Ragsdale	Trustee	0	Director	$0	$0	$0
Meredith Roberts	Trustee	0	Director	$0	$0	$0
Robert Swarthout	Trustee	0	Director	$0	$0	$0
Fred J Tharpe	Trustee	0	Director	$0	$0	$0
Roger C Tutterow	Trustee	0	Director	$0	$0	$0
Martha Berry Walstad	Trustee	0	Director	$0	$0	$0
Sarah Warren	Trustee	0	Director	$0	$0	$0
Alexander Whitaker	Trustee	0	Director	$0	$0	$0
Cecil B Wright III	Trustee	0	Director	$0	$0	$0

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
2024	$208,400,299	$170,493,533	$1,644,625,423	$37,906,766
2023	$202,833,401	$168,099,944	$1,506,743,308	$34,733,457
2022	$204,171,222	$162,479,283	$1,464,693,687	$41,691,939
2021	$178,933,031	$145,202,921	$1,445,846,752	$33,730,110
2020	$156,251,145	$137,345,616	$1,203,857,602	$18,905,529
2019	$147,417,478	$136,279,474	$1,271,980,707	$11,138,004
2018	$158,793,465	$132,531,022	$1,182,320,944	$26,262,443

BERRY COLLEGE INC