CENTRE COLLEGE

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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

1819

Legal Domicile

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 A SMALL, INDEPENDENT, AND SELECTIVE EDUCATIONAL COMMUNITY DEDICATED TO STUDY IN THE LIBERAL ARTS AS A MEANS TO DEVELOP THE INTELLECTUAL, PERSONAL, AND MORAL POTENTIAL OF ITS STUDENTS. CENTRE NURTURES IN ITS STUDENTS THE ABILITY TO THINK LOGICALLY AND CRITICALLY, TO WORK CREATIVELY, TO ANALYZE AND COMPARE VALUES, AND TO WRITE AND SPEAK WITH CLARITY AND GRACE. IT ACQUAINTS STUDENTS WITH THE RANGE OF ACCOMPLISHMENTS OF THE HUMAN MIND AND SPIRIT IN A VARIETY OF ARTS AND THEORETICAL DISCIPLINES. IT ENABLES STUDENTS TO CHOOSE AND FULFILL SIGNIFICANT RESPONSIBILITIES IN SOCIETY. IN SHORT, CENTRE'S HIGHEST PRIORITY IS TO PREPARE ITS STUDENTS FOR LIVES OF LEARNING, LEADERSHIP AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $123,717,956 Revenue: $94,443,786

FOUNDED IN 1819, THE SOLE MISSION OF CENTRE, A NATIONALLY RANKED RESIDENTIAL CO-ED PRIVATE LIBERAL ARTS COLLEGE, IS TO PROVIDE EXCEPTIONAL POST-SECONDARY UNDERGRADUATE EDUCATION TO ITS STUDENTS. WE GUARANTEE THE OPPORTUNITY TO STUDY ABROAD, TO HAVE AN INTERNSHIP, AND TO GRADUATE IN FOUR YEARS. TO DEVELOP A GLOBAL PERSPECTIVE, ABOUT 85 PERCENT OF OUR STUDENTS STUDY ABROAD, WITH CENTRE PROFESSORS, AT LEAST ONCE. COUPLED WITH SMALL CLASSES, HIGH GRADUATION RATES, ENGAGED PROFESSORS, AND REAL-WORLD PREPARATION FOR CAREER, GRADUATES ENJOY A HIGH SUCCESS RATE FOR EMPLOYMENT OR GRADUATE DEGREE ACCEPTANCE.

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

Governance

Voting Members

Independent Members

Employees

1426

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

$2,672,823

Total Directors

Key Employees

$423,237

Highest Compensated

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