Rhodes College

EIN: 620476301 501(c)(3) Education

Memphis, TN

Total Revenue
$177,972,908
Total Expenses
$168,465,381
Total Assets
$665,617,008
Net Assets
$555,847,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1905
Legal Domicile
TN
Phone
9018433760
Tax Period
2024-07-01 to 2025-06-30

Rhodes College, founded in 1905, is a major nonprofit in the Education sector that reported $178.0M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $168.5M left a modest 5% surplus.

Mission

Rhodes is a national four-year, private, coeducational, residential college committed to the Liberal Arts and Sciences.

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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 $10,586,550
Program Service Revenue $127,151,755
Investment Income $4,999,118
Other Revenue $35,235,485
TOTAL REVENUE $177,972,908

Expense Breakdown

Grants Paid $66,868,917
Salaries & Benefits $56,673,272
Fundraising Expenses $3,128,353
Program Expenses $155,245,753
Other Expenses $44,923,192
TOTAL EXPENSES $168,465,381

Year-over-Year Comparison

2024 2023 Change
Revenue $177,972,908 $187,561,164 -0.1%
Expenses $168,465,381 $165,923,027 +0.0%
Net Income $9,507,527 $21,638,137 -0.6%
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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Governance

Voting Members
27
Independent Members
27
Employees
1610
Volunteers
635

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
10
$3,104,107
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Collins Jennifer President 037.50
Officer
$474,651 $109,285 $583,936
Wade Jennifer G VP for Development 037.50
Officer
$309,815 $49,399 $359,214
Huebner Timothy S Provost VP Academic Affairs 037.50
Officer
$310,378 $44,595 $354,973
Villanueva Gil VP for Enrollment 037.50
Officer
$246,691 $98,749 $345,440
Webb Kyle VP for Fin Business Affairs 037.50
Officer
$282,913 $42,869 $325,782
Bonnin Linda VP for Marketing and Communications 037.50
Officer
$244,675 $29,106 $273,781
Beard Anne Chief of Staff 037.50
Officer
$187,675 $57,131 $244,806
Johnson Nicole VP for Student Life 037.50
Officer
$209,295 $31,218 $240,513
Bassard Katherine Professor 037.50
Highest
$202,823 $29,274 $232,097
Bailey Wendy Associate Professor 037.50
Highest
$189,196 $24,717 $213,913
Person Natalie Dean of Community Engagement 037.50
Highest
$189,562 $23,019 $212,581
Miller Mary Professor 037.50
Highest
$177,743 $27,943 $205,686
Turner Sherry VP for Strategic Initiatives 037.50
Officer
$182,221 $20,130 $202,351
Dan Sujan Dean for Post-Graduate and Special Programs 037.50
Highest
$173,766 $19,346 $193,112
Duncan III James Director of Athletics 037.50
Officer
$144,388 $28,923 $173,311
Kinder Marie L Trustee 002.00
Director
$0 $0 $0
Lainoff Steven R Trustee 002.00
Director
$0 $0 $0
Michaelcheck William J Trustee 002.00
Director
$0 $0 $0
Huffman Susan L Trustee 002.00
Director
$0 $0 $0
Hurley Elizabeth Trustee 002.00
Director
$0 $0 $0
Kimbrough Marcus Trustee 002.00
Director
$0 $0 $0
Robertson Charles W Trustee 002.00
Director
$0 $0 $0
Solomon Josh D Trustee 002.00
Director
$0 $0 $0
Johnson Barry Trustee 002.00
Director
$0 $0 $0
Moore Johnny B Trustee 002.00
Director
$0 $0 $0
Mori Anne T Trustee 002.00
Director
$0 $0 $0
Hatzenbuehler Daniel B Trustee 002.00
Director
$0 $0 $0
Bryan John H III Trustee 002.00
Director
$0 $0 $0
Cardwell Christopher W Trustee 002.00
Director
$0 $0 $0
Cobbins Darrell Trustee 002.00
Director
$0 $0 $0
Downing James R Trustee 002.00
Director
$0 $0 $0
Crosby Meg Trustee 002.00
Director
$0 $0 $0
Craddock Deborah L Trustee 002.00
Director
$0 $0 $0
Pearce Elizabeth R Trustee 002.00
Director
$0 $0 $0
Heinz Sally J Trustee 002.00
Director
$0 $0 $0
Sullivan Joellyn F Trustee 002.00
Director
$0 $0 $0
Hill Wilton D Trustee 002.00
Director
$0 $0 $0
Ward Hallie M Trustee 002.00
Director
$0 $0 $0
Wigginton Russell T Trustee 002.00
Director
$0 $0 $0
Furman Elizabeth Trustee 002.00
Director
$0 $0 $0
Karmin Peter Trustee 002.00
Director
$0 $0 $0
Stevens M Gray Trustee 002.00
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 $177,972,908 $168,465,381 $665,617,008 $9,507,527
2024 $187,561,164 $165,923,027 $656,538,822 $21,638,137
2023 $165,430,903 $157,766,913 $641,026,108 $7,663,990
2022 $109,419,730 $156,423,454 $639,671,029 $-47,003,724
2021 $221,639,171 $136,543,203 $688,010,533 $85,095,968
2020 $126,618,541 $145,518,474 $583,153,249 $-18,899,933
2019 $133,583,609 $141,988,385 $605,363,667 $-8,404,776
2018 $162,460,097 $139,798,848 $615,049,050 $22,661,249
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