BEACON COLLEGE INC

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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

1989

Legal Domicile

Principal Officer

DR FREDERIC S GORE

Phone

3523651135

Tax Period

2024-07-01 to 2025-06-30

BEACON COLLEGE INC, founded in 1989, is a mid-sized nonprofit that reported $41.0M in total revenue in fiscal year 2024. Expenses of $39.6M left a modest 3% surplus.

Mission

BEACON COLLEGE IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION WITH AN ENTREPRENEURIAL ETHOS AND HOLISTIC FOCUS, UNIQUELY SERVING THE EDUCATION NEEDS OF NEURODIVERGENT STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $33,323,132 Revenue: $36,181,699

BEACON WAS FOUNDED BY PARENTS IN ORDER TO MAKE A SUPERIOR HIGHER EDUCATION ACCESSIBLE TO STUDENTS WITH LEARNING DIFFERENCES. WHEN ESTABLISHED IN 1989, THE COLLEGE WAS GRANTED THE APPROVAL OF THE...

BEACON WAS FOUNDED BY PARENTS IN ORDER TO MAKE A SUPERIOR HIGHER EDUCATION ACCESSIBLE TO STUDENTS WITH LEARNING DIFFERENCES. WHEN ESTABLISHED IN 1989, THE COLLEGE WAS GRANTED THE APPROVAL OF THE FLORIDA DEPARTMENT OF EDUCATION TO OFFER A FOCUSED LIBERAL ARTS-BASED CURRICULUM ALIGNED SPECIFICALLY TO THE LEARNING STYLES, SPECIALIZED INSTRUCTIONAL AND LIFESTYLE DEVELOPMENT NEEDS OF THESE STUDENTS. BEACON IS A FULLY ACCREDITATED FOUR-YEAR PRIVATE LIBERAL ARTS COLLEGE FOR STUDENTS SEEKING ASSOCIATE'S AND BACHELOR'S DEGREES. BEACON'S CAMPUS IN LEESBURG, FLORIDA CURRENTLY SERVES MORE THAN 500 DEGREE-SEEKING STUDENTS AND HUNDREDS MORE IN ITS TRANSITIONAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,081,108

Program Service Revenue $36,181,699

Investment Income $404,572

Other Revenue $293,725

TOTAL REVENUE $40,961,104

Expense Breakdown

Grants Paid $10,185,274

Salaries & Benefits $15,042,981

Fundraising Expenses $634,352

Program Expenses $33,323,132

Other Expenses $14,394,909

TOTAL EXPENSES $39,623,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,961,104	$39,773,891	+0.0%
Expenses	$39,623,164	$37,033,268	+0.1%
Net Income	$1,337,940	$2,740,623	-0.5%

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

362

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

$1,053,068

Total Directors

Key Employees

$435,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR GEORGE J HAGERTY	PRESIDENT	50.00	Officer	$440,517	$99,405	$539,922
DR BRAD HOUGH	CIO	50.00	Highest	$174,117	$63,254	$237,371
RICHARD KILLION	VP OF INSTITUTIONAL ADVANCEMENT	50.00	Key Emp	$180,372	$38,311	$218,683
DALE HEROLD	VP OF ADMISSIONS & ENROLLMENT	50.00	Key Emp	$171,244	$45,583	$216,827
DR FRED GORE	CFO	50.00	Officer	$159,520	$47,463	$206,983
DR BRENT BETIT	COO	50.00	Officer	$163,098	$19,165	$182,263
DR OKSANA HAGERTY	DEAN OF STUDENT SUCCESS	50.00	Highest	$145,862	$32,839	$178,701
DANA MANZO	VP OF STUDENT AFFAIRS	50.00	Highest	$133,189	$32,115	$165,304
DR KEVIN REILLY	VP OF ACADEMICS	50.00	Officer	$104,616	$19,284	$123,900
DR DANIEL AVERBECK	BOARD CHAIR	8.00	Officer Director	$0	$0	$0
SARAH FLANAGAN	VICE CHAIR	6.00	Officer Director	$0	$0	$0
JOHN ROGERS	SECRETARY/TREASURER	6.00	Officer Director	$0	$0	$0
DR JENNIFER BRAATEN	TRUSTEE	4.00	Director	$0	$0	$0
PETER GIAMALVA	TRUSTEE	4.00	Director	$0	$0	$0
JOHN R GILL	TRUSTEE	4.00	Director	$0	$0	$0
DR MARK GRIFFIN	TRUSTEE	4.00	Director	$0	$0	$0
DR SHELDON H HOROWITZ	TRUSTEE	4.00	Director	$0	$0	$0
NANCY D JUDGE	TRUSTEE	4.00	Director	$0	$0	$0
DR ALFRED MOFFETT	TRUSTEE	4.00	Director	$0	$0	$0
JANET MORROW	TRUSTEE	4.00	Director	$0	$0	$0
DEBBIE RESNICK	TRUSTEE	4.00	Director	$0	$0	$0
HUGH W THOMPSON III	TRUSTEE	4.00	Director	$0	$0	$0
CHARO UCEDA	TRUSTEE	4.00	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
2025	$40,961,104	$39,623,164	$40,741,397	$1,337,940
2024	$39,773,891	$37,033,268	$38,815,523	$2,740,623
2023	$35,901,560	$32,534,708	$36,914,716	$3,366,852
2022	$30,570,342	$28,524,688	$34,273,982	$2,045,654
2021	$26,689,160	$25,054,155	$31,945,680	$1,635,005
2020	$23,924,953	$22,499,441	$29,665,092	$1,425,512
2019	$21,902,178	$21,118,698	$28,213,697	$783,480
2018	$18,881,498	$17,554,920	$21,625,162	$1,326,578