CENTRE COLLEGE

EIN: 610444671 501(c)(3) Education

DANVILLE, KY

Total Revenue
$139,089,920
Total Expenses
$137,751,557
Total Assets
$704,006,525
Net Assets
$513,847,873
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1819
Legal Domicile
KY
Phone
8592385451
Tax Period
2024-07-01 to 2025-06-30

CENTRE COLLEGE, founded in 1819, is a major nonprofit in the Education sector that reported $139.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $513.8M represent 44 months of operating reserves.

Mission

CENTRE COLLEGE IS AN EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,467,097
Program Service Revenue $94,241,179
Investment Income $3,179,037
Other Revenue $202,607
TOTAL REVENUE $139,089,920

Expense Breakdown

Grants Paid $52,391,758
Salaries & Benefits $42,682,508
Fundraising Expenses $3,326,725
Program Expenses $123,717,956
Other Expenses $42,677,291
TOTAL EXPENSES $137,751,557

Year-over-Year Comparison

2024 2023 Change
Revenue $139,089,920 $122,219,600 +0.1%
Expenses $137,751,557 $136,532,261 +0.0%
Net Income $1,338,363 $-14,312,661 -1.1%
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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Governance

Voting Members
26
Independent Members
26
Employees
1426
Volunteers
66

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
12
$2,672,823
Total Directors
27
$0
Key Employees
2
$423,237
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN BEATON SECRETARY 1.0
Officer Director
$0 $0 $0
CRIT LUALLEN VICE-CHAIR 1.0
Officer Director
$0 $0 $0
MARK E NUNNELLY BOARD CHAIR 1.0
Officer Director
$0 $0 $0
ANGIE MCDONALD TRUSTEE 1.0
Director
$0 $0 $0
ANITA M BRITTON TRUSTEE 1.0
Director
$0 $0 $0
BETH P KLEIN TRUSTEE 1.0
Director
$0 $0 $0
BRIAN MEFFORD TRUSTEE 1.0
Director
$0 $0 $0
BRIANA LATHON BLUFORD TRUSTEE - TERM ENDED 1.0
Director
$0 $0 $0
CJ DONALD TRUSTEE 1.0
Director
$0 $0 $0
CRAIG HILLE TRUSTEE 1.0
Director
$0 $0 $0
EDDY ROBERTS JR TRUSTEE 1.0
Director
$0 $0 $0
GREG W CAUDILL TRUSTEE 1.0
Director
$0 $0 $0
JAMES A SMITH TRUSTEE 1.0
Director
$0 $0 $0
JANE HOPKINS TRUSTEE 1.0
Director
$0 $0 $0
JEFFREY MACKIN TRUSTEE 1.0
Director
$0 $0 $0
JENNIE P CARLSON TRUSTEE 1.0
Director
$0 $0 $0
JOHN FARRIS TRUSTEE 1.0
Director
$0 $0 $0
LEA STROMIRE JOHNSON TRUSTEE 1.0
Director
$0 $0 $0
LEONARD NAPOLITANO TRUSTEE 1.0
Director
$0 $0 $0
MARK FISHMAN TRUSTEE 1.0
Director
$0 $0 $0
PEGGY P PATTERSON TRUSTEE 1.0
Director
$0 $0 $0
PRASHANT CHAKRADHAR TRUSTEE 1.0
Director
$0 $0 $0
SHEILA A BURKS TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN HODGES TRUSTEE 1.0
Director
$0 $0 $0
SUSAN STOCKTON TRUSTEE 1.0
Director
$0 $0 $0
WIJDAN JREISAT TRUSTEE 1.0
Director
$0 $0 $0
WILLIAM S BOWMER III TRUSTEE 1.0
Director
$0 $0 $0
BARBARA LOMONACO VP FOR STUDENT LIFE 50.0
Officer
$188,556 $20,916 $209,472
BRIAN HUTZLEY VP, CFO AND TREASURER 50.0
Officer
$484,770 $4,808 $489,578
CHAD SPENCER VP FOR ENROLLMENT MANAGEMENT 50.0
Officer
$229,691 $28,716 $258,407
ELLEN GOLDEY VP FOR ACADEMIC AFFAIRS 50.0
Officer
$219,136 $24,970 $244,106
JAMES P LEAHEY VP FOR LEGAL AFFAIRS 50.0
Officer
$169,417 $23,998 $193,415
KAY DRAKE VP FOR HUMAN RESOURCES - TERM ENDED 50.0
Officer
$145,212 $16,168 $161,380
KELLY KNETSCHE VP FOR DEVELOPMENT AND ALUMNI 50.0
Officer
$261,488 $23,358 $284,846
MILTON MORELAND PRESIDENT 50.0
Officer
$519,977 $45,216 $565,193
SARAH NOLAN VP STRATEGIC MARKETING AND COMMUNICATIONS 50.0
Officer
$238,472 $27,954 $266,426
LESLEY BILBY EXECUTIVE DIRECTOR FOR STRATEGIC INITIATIVES & EXTERNAL RELATIONS 50.0
Key Emp
$174,724 $24,208 $198,932
PAMELA BAUGHMAN VP FOR STUDENT SUCCESS AND ADVANCEMENT 50.0
Key Emp
$195,526 $28,779 $224,305
ALEX MCALLISTER ASSOCIATE DEAN FOR ACADEMIC AFFAIRS 50.0
Highest
$148,314 $21,424 $169,738
DAVID ANDERSON PAUL G BLAZER PROFESSOR OF ECONOMICS & BUSINESS 50.0
Highest
$139,796 $20,416 $160,212
STEVEN HOFFMAN EXECUTIVE DIRECTOR FOR NORTON CENTER 50.0
Highest
$143,158 $19,640 $162,798
WILLIAM B FIELDS DIRECTOR OF ATHLETICS 50.0
Highest
$135,855 $25,999 $161,854
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 $139,089,920 $137,751,557 $704,006,525 $1,338,363
2024 No data No data No data No data
2023 $105,077,497 $130,151,264 $669,389,150 $-25,073,767
2022 $111,828,380 $115,422,258 $664,328,460 $-3,593,878
2021 $215,283,093 $113,369,051 $677,636,297 $101,914,042
2020 $91,020,340 $104,670,727 $511,808,579 $-13,650,387
2019 $103,921,151 $101,805,595 $513,736,308 $2,115,556
2018 $100,367,385 $98,728,257 $462,594,453 $1,639,128
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