HENDRIX 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

1876

Legal Domicile

Principal Officer

Dr Karen Petersen

Phone

5014501333

Tax Period

2024-06-01 to 2025-05-31

HENDRIX COLLEGE, founded in 1876, is a mid-sized nonprofit in the Education sector that reported $88.0M in total revenue in fiscal year 2024. Expenses of $77.2M left a modest 12% surplus.

Mission

Hendrix College cultivates empathy, creativity, self-understanding, rigorous inquiry, informed deliberation, and active learning across the liberal arts, toward the development of the whole person. Through engagement that links the classroom with the world, and a commitment to diversity, inclusion, justice, and sustainable living, the Hendrix community inspires students to lead lives of accomplishment, integrity, service, and joy.

Program Service Accomplishments

Program 1

Expenses: $13,958,431 Revenue: $0

Instruction (1096 Students)

Program 2

Expenses: $30,614,471 Revenue: $0

Student Aid (1096 Students)

Program 3

Expenses: $12,378,655 Revenue: $0

Student Services (1096 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,500,059

Program Service Revenue $58,003,119

Investment Income $9,755,913

Other Revenue $2,691,186

TOTAL REVENUE $87,950,277

Expense Breakdown

Grants Paid $30,614,471

Salaries & Benefits $24,379,013

Fundraising Expenses $1,020,932

Program Expenses $56,951,557

Other Expenses $22,246,458

TOTAL EXPENSES $77,239,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,950,277	$89,248,247	0.0%
Expenses	$77,239,942	$83,569,066	-0.1%
Net Income	$10,710,335	$5,679,181	+0.9%

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

1073

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

$737,665

Total Directors

Key Employees

$155,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Petersen	President	40	Officer	$377,603	$0	$377,603
Kesha Baoua	VP for Diversity and Inclusion	40		$200,000	$0	$200,000
Terri Bonebright	Professor	40	Highest	$175,420	$0	$175,420
Meredith Brunen	VP for Advancement	40	Key Emp	$155,182	$0	$155,182
Bernadette Hinkle	VP for Finance and CFO	40	Officer	$128,983	$0	$128,983
Sam Nichols	VP for Technology Services	40	Highest	$127,734	$0	$127,734
Vicki Lynn	VP of Human Resources	40	Highest	$127,380	$0	$127,380
Amy Weaver	Director of Athletics	40	Highest	$127,207	$0	$127,207
David Sutherland	Provost & Dean of the College	40	Officer	$122,342	$0	$122,342
Teresa Garrett	Provost and Dean of the College	40	Officer	$108,737	$0	$108,737
Elizabeth S Small	Trustee	1	Director	$0	$0	$0
Reverend Roy P Smith	Trustee	1	Director	$0	$0	$0
Darrin L Williams	Trustee	1	Director	$0	$0	$0
Dr Hayden Franks	Trustee	1	Director	$0	$0	$0
Joe R Goyne III	Trustee	1	Director	$0	$0	$0
Dr Joe G Hollyfield	Trustee	1	Director	$0	$0	$0
Bishop Laura Merrill	Trustee	1	Director	$0	$0	$0
Terry Joe Ticey	Trustee	1	Director	$0	$0	$0
William H Wilcox	Trustee	1	Director	$0	$0	$0
Susan Deboard	Trusteee	1	Director	$0	$0	$0
Luke B Duffield	Trustee	1	Director	$0	$0	$0
Reverend Mark Norman	Trustee	1	Director	$0	$0	$0
Reverend Sara Pair	Trustee	1	Director	$0	$0	$0
Derrick Smith	Trustee	1	Director	$0	$0	$0
Jo Ann Biggs	Trustee	1	Director	$0	$0	$0
Dr Charles Chappell	Trustee	1	Director	$0	$0	$0
Kim Evans	Trustee	1	Director	$0	$0	$0
Kenneth A Gunderman	Trustee	1	Director	$0	$0	$0
Jan N Hundley	Trustee	1	Director	$0	$0	$0
Dr John C Byrd	Trustee	1	Director	$0	$0	$0
Latoya M Goree Smith	Trustee	1	Director	$0	$0	$0
R Eric Jackson	Trustee	1	Director	$0	$0	$0
Dr Marquita S Norman	Trustee	1	Director	$0	$0	$0
Heather Gardner	Trustee	1	Director	$0	$0	$0
Dr John C Robbins	Trustee	1	Director	$0	$0	$0
Michael D Malone	Trustee	1	Director	$0	$0	$0
Carolyn L Miller	Trustee	1	Director	$0	$0	$0
Henry E Neely	Trustee	1	Director	$0	$0	$0
Walter Owen Pryor	Trustee	1	Director	$0	$0	$0
Martin W Shell	Trustee	1	Director	$0	$0	$0
Teresa Osam	Trustee	1	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	$87,950,277	$77,239,942	$313,900,422	$10,710,335
2024	$89,248,247	$83,569,066	$308,546,839	$5,679,181
2023	$97,458,898	$84,270,905	$300,216,797	$13,187,993
2022	$98,419,951	$87,649,795	$318,329,586	$10,770,156
2021	$88,969,197	$87,517,067	$336,428,695	$1,452,130
2020	$79,351,340	$84,297,121	$295,762,226	$-4,945,781
2019	$94,138,967	$90,979,112	$305,337,825	$3,159,855
2018	$100,615,476	$88,973,364	$321,611,581	$11,642,112