LAGRANGE COLLEGE

EIN: 580566199 501(c)(3) Education

LAGRANGE, GA

Total Revenue
$42,101,524
Total Expenses
$38,867,454
Total Assets
$160,254,834
Net Assets
$120,494,889
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1831
Legal Domicile
GA
Principal Officer
DR SUSANNA BAXTER
Phone
7708808000
Tax Period
2023-07-01 to 2024-06-30

LAGRANGE COLLEGE, founded in 1831, is a mid-sized nonprofit in the Education sector that reported $42.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $38.9M left a modest 8% surplus.

Mission

EDUCATION - LAGRANGE COLLEGE CHALLENGES THE MINDS AND INSPIRES THE SOULS OF ITS STUDENTS. FOUNDED IN 1831 AND COMMITTED TO ITS RELATIONSHIP WITH THE UNITED METHODIST CHURCH AND ITS WESLEYAN AND LIBERAL ARTS TRADITIONS, THE COLLEGE SUPPORTS STUDENTS IN THEIR SEARCH FOR TRUTH IN AN ETHICAL AND CARING COMMUNITY VALUING CIVILITY, DIVERSITY, SERVICE AND EXCELLENCE. LAGRANGE COLLEGE PREPARES STUDENTS TO BECOME SUCCESSFUL, RESPONSIBLE CITIZENS WHO ASPIRE TO LIVE LIVES OF INTEGRITY AND MORAL COURAGE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,969,514
Program Service Revenue $27,236,811
Investment Income $5,922,755
Other Revenue $1,972,444
TOTAL REVENUE $42,101,524

Expense Breakdown

Grants Paid $12,021,706
Salaries & Benefits $11,473,452
Fundraising Expenses $585,587
Program Expenses $32,103,934
Other Expenses $15,372,296
TOTAL EXPENSES $38,867,454

Year-over-Year Comparison

2023 2022 Change
Revenue $42,101,524 $45,219,631 -0.1%
Expenses $38,867,454 $50,554,648 -0.2%
Net Income $3,234,070 $-5,335,017 -1.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
36
Independent Members
35
Employees
568
Volunteers
100

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
5
$511,668
Total Directors
36
$327,103
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSANNA BAXTER PRESIDENT 40.00
Officer Director
$303,415 $23,688 $327,103
KATHY R MCCOLLUM TRUSTEE-CHAIR 1.00
Officer Director
$0 $0 $0
WILLIAM PLYBON TRUSTEE-VICE CHAIR 1.00
Officer Director
$0 $0 $0
LAURANNE BUCHANAN TRUSTEE-SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL T BROWN TRUSTEE 1.00
Director
$0 $0 $0
DEEDEE G WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
EDWARD A MONTAG TRUSTEE 1.00
Director
$0 $0 $0
EDWARD D SMITH TRUSTEE 1.00
Director
$0 $0 $0
GEORGE F WHEELOCK III TRUSTEE 1.00
Director
$0 $0 $0
GEORGE W BAKER JR TRUSTEE 1.00
Director
$0 $0 $0
H SPEER BURDETTE III TRUSTEE 1.00
Director
$0 $0 $0
J KENNERLY BOATWRIGHT III TRUSTEE 1.00
Director
$0 $0 $0
JAMES M WOOD III TRUSTEE 1.00
Director
$0 $0 $0
JOE F RAGLAND JR TRUSTEE 1.00
Director
$0 $0 $0
KEITH SHURBUTT TRUSTEE 1.00
Director
$0 $0 $0
KELLY D CAIN TRUSTEE 1.00
Director
$0 $0 $0
LINDA BUCHANAN TRUSTEE 1.00
Director
$0 $0 $0
LINDA COLE TRUSTEE 1.00
Director
$0 $0 $0
TERNISHA MILES JONES TRUSTEE 1.00
Director
$0 $0 $0
MIRIAM HARRIS TRUSTEE 1.00
Director
$0 $0 $0
JANE COOLEY TRUSTEE 1.00
Director
$0 $0 $0
STUART COUNTESS TRUSTEE 1.00
Director
$0 $0 $0
MITCHELL T KEY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL FAY TRUSTEE 1.00
Director
$0 $0 $0
OLUGBENGA O OBASANJO TRUSTEE 1.00
Director
$0 $0 $0
PAUL S PENN III TRUSTEE 1.00
Director
$0 $0 $0
R COLEMAN FOSS TRUSTEE 1.00
Director
$0 $0 $0
NANCY STEVENS TRUSTEE 1.00
Director
$0 $0 $0
RICHARD S SIMMONS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT L CARMICHAEL JR TRUSTEE 1.00
Director
$0 $0 $0
SCOTT D HAWKINS TRUSTEE 1.00
Director
$0 $0 $0
SONYA S GAITHER TRUSTEE 1.00
Director
$0 $0 $0
SUE MARIE WADDELL TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM M HODGES TRUSTEE 1.00
Director
$0 $0 $0
GEORGE LANKFORD TRUSTEE 1.00
Director
$0 $0 $0
LISA TUNSTALL TRUSTEE 1.00
Director
$0 $0 $0
JERRY FORSTER VP - FINANCE AND OPERATIONS 40.00
Officer
$161,334 $23,231 $184,565
BRIAN PETERSON VP - ACADEMIC AFFAIRS 40.00
Highest
$155,500 $23,398 $178,898
JOHN HEAD VP - ENROLLMENT MANAGEMENT 40.00
Highest
$140,500 $12,826 $153,326
REBECCA NICKS VP - ADVANCEMENT 40.00
Highest
$131,000 $12,342 $143,342
MARANAH SAUTER ASSOCIATE VPAA, PROFESSOR - NURSING 40.00
Highest
$113,343 $10,892 $124,235
GREG MCCLANAHAN SR. ASSOCIATE VPAA, PROFESSOR-MATHEMATICS 40.00
Highest
$106,768 $24,078 $130,846
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 $42,101,524 $38,867,454 $160,254,834 $3,234,070
2023 $45,219,631 $50,554,648 $154,921,141 $-5,335,017
2022 $43,475,079 $37,474,230 $157,765,322 $6,000,849
2021 $43,354,732 $39,666,558 $157,918,154 $3,688,174
2020 $46,295,995 $45,987,874 $147,326,476 $308,121
2019 $52,689,831 $45,958,893 $148,013,497 $6,730,938
2018 $45,408,667 $46,500,421 $147,217,293 $-1,091,754
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