Spelman College (EIN 580566243) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1881

Legal Domicile

Phone

4046813643

Tax Period

2023-07-01 to 2024-06-30

Spelman College is a 501(c)(3) with EIN 580566243, based in ATLANTA, GA. Founded in 1881, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $288,422,165 in total revenue and $171,469,550 in total expenses, with net assets of $927,817,695.

Mission

SPELMAN COLLEGE, A HISTORICALLY BLACK COLLEGE AND GLOBAL LEADER IN THE EDUCATION OF WOMEN OF AFRICAN DESCENT, IS DEDICATED TO THE ACADEMIC EXCELLENCE OF ITS STUDENTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $134,904,040

Program Service Revenue $111,199,806

Investment Income $41,688,146

Other Revenue $630,173

TOTAL REVENUE $288,422,165

Expense Breakdown

Grants Paid $28,649,995

Salaries & Benefits $88,211,104

Fundraising Expenses $5,441,208

Program Expenses $139,695,069

Other Expenses $54,573,451

TOTAL EXPENSES $171,469,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,422,165	$194,372,216	+0.5%
Expenses	$171,469,550	$160,810,189	+0.1%
Net Income	$116,952,615	$33,562,027	+2.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

1496

Volunteers

813

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

$2,421,628

Total Directors

$934,026

Key Employees

$232,225

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colleen J Taylor	VICE-CHAIR	2.0	Officer Director	$0	$0	$0
Gwendolyn Adams Norton	SECRETARY	2.0	Officer Director	$0	$0	$0
Helene Gayle	President	35.0	Officer Director	$621,225	$47,091	$668,316
Lovette T Russell	CHAIR	2.0	Officer Director	$0	$0	$0
Ronda E Stryker	VICE-CHAIR	2.0	Officer Director	$0	$0	$0
Allegra Lawrence-Hardy	TRUSTEE	2.0	Director	$0	$0	$0
Bonnie Shelton Carter	TRUSTEE	2.0	Director	$0	$0	$0
Breah Banks	STUDENT REPRESENTATIVE	2.0	Director	$0	$0	$0
Cara Johnson Hughes	TRUSTEE	2.0	Director	$0	$0	$0
Carmen D Harris	TRUSTEE	2.0	Director	$0	$0	$0
Cheryl Mayberry McKissack	TRUSTEE	2.0	Director	$0	$0	$0
Claire Arnold	TRUSTEE	2.0	Director	$0	$0	$0
Cynthia E Jackson	TRUSTEE	2.0	Director	$0	$0	$0
Elizabeth Mccormack	TRUSTEE	2.0	Director	$0	$0	$0
Frank Baker	TRUSTEE	2.0	Director	$0	$0	$0
G G Michelson	TRUSTEE	2.0	Director	$0	$0	$0
Helen Smith Price	TRUSTEE	2.0	Director	$0	$0	$0
Janine Brown	TRUSTEE	2.0	Director	$0	$0	$0
June Gary Hopps	TRUSTEE	2.0	Director	$0	$0	$0
Kamau Bobb	TRUSTEE	2.0	Director	$0	$0	$0
Karen Brakke PHD	Faculty Trustee/Professor	35.0	Director	$108,587	$13,710	$122,297
Kathy N Waller	TRUSTEE	2.0	Director	$0	$0	$0
Kaye Foster	TRUSTEE	2.0	Director	$0	$0	$0
Keva Wright Berry	ALUMNA REPRESENTATIVE	2.0	Director	$0	$0	$0
Lawrence M Schall	TRUSTEE	2.0	Director	$0	$0	$0
Lisa Hibbard	Faculty Representative	2.0	Director	$132,313	$11,100	$143,413
Loren K Robinson	TRUSTEE	2.0	Director	$0	$0	$0
Marian Wright Edelman	TRUSTEE	2.0	Director	$0	$0	$0
Pauletta Washington	TRUSTEE	2.0	Director	$0	$0	$0
Peggy Dulany	TRUSTEE	2.0	Director	$0	$0	$0
Rosalind G Brewer	Chair Emerita	2.0	Director	$0	$0	$0
Russell Edgerton PHD	TRUSTEE	2.0	Director	$0	$0	$0
Sherina Maye Edwards	Alumna Trustee	2.0	Director	$0	$0	$0
Susan Dunn	TRUSTEE	2.0	Director	$0	$0	$0
Suzanne F Shank	TRUSTEE	2.0	Director	$0	$0	$0
Theodore R Aronson	TRUSTEE	2.0	Director	$0	$0	$0
Vicki Palmer	Trustee	2.0	Director	$0	$0	$0
Yvonne R Jackson	TRUSTEE	2.0	Director	$0	$0	$0
Zoe Shepard	Student Trustee	2.0	Director	$0	$0	$0
Darryl Holloman	VP of Academic Affairs	35.0	Officer	$209,413	$43,171	$252,584
Dawn Alston	CFO and SVP of Business and Financial Affairs	35.0	Officer	$324,635	$46,886	$371,521
Ingrid Hayes	SVP of Enrollment Management	35.0	Officer	$254,635	$41,527	$296,162
John Wilson	VP and Chief Information Officer	35.0	Officer	$222,633	$42,055	$264,688
Myra Burnett	VP Institutional Resarch	35.0	Officer	$230,230	$31,104	$261,334
Terri Reed	Secretary of the College	35.0	Officer	$273,607	$33,416	$307,023
Lydia Sermons	VP for Public Relations & Communications	35.0	Key Emp	$187,230	$44,995	$232,225
Beverly Guy-Sheftall	Professor	35.0	Highest	$211,827	$27,861	$239,688
Dolores Bradley	Professor	35.0	Highest	$224,296	$39,444	$263,740
Grant Warner	Professor	35.0	Highest	$242,201	$43,705	$285,906
Jessie Brooks	VP of Institutional Advancement (THRU 9/29/2023)	35.0	Highest	$251,869	$16,816	$268,685
Raquel Hill	Professor	35.0	Highest	$204,768	$7,587	$212,355
Mary Schmidt Campbell PHD	Former President/Trustee (THRU 6/30/2022)	0.0		$37,208	$896	$38,104

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	$288,422,165	$171,469,550	$993,511,573	$116,952,615
2023	$194,372,216	$160,810,189	$870,926,521	$33,562,027
2022	$204,393,744	$145,583,655	$821,952,118	$58,810,089
2021	$182,970,731	$117,097,563	$855,779,306	$65,873,168
2020	$194,986,172	$123,089,218	$668,899,439	$71,896,954
2019	$136,754,272	$118,980,032	$625,620,827	$17,774,240
2018	$168,157,416	$119,244,779	$615,801,515	$48,912,637

Spelman College