DORSEY COLLEGE HOLDINGS (EIN 922890279) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

DENISE BOCK

Phone

2485859200

Tax Period

2024-07-01 to 2025-06-30

DORSEY COLLEGE HOLDINGS, founded in 2023, is a mid-sized nonprofit in the Education sector that reported $52.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

DORSEY COLLEGE IS COMMITTED TO PROVIDING QUALITY CAREER EDUCATION AND POSITIVE REINFORCEMENT TO ENABLE THE DEVELOPMENT OF SELF-ESTEEM, SELF-RELIANCE, PROFESSIONALISM AND CONFIDENCE IN ALL STUDENTS COUPLED WITH AN OBLIGATION TO SUPPORT THE DIVERSE COMMUNITIES IN WHICH THEY LIVE AND WORK. DORSEY COLLEGE REMAINS A COMMITTED CAREER TRAINING SCHOOL THAT PREPARES INDIVIDUALS FOR PROMISING CAREER OPPORTUNITIES IN THE NURSING, HEALTHCARE, EMERGENCY MEDICAL SERVICES, CULINARY ARTS, SKILLED TRADES, AND BEAUTY FIELDS.

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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 $0

Program Service Revenue $51,548,224

Investment Income $0

Other Revenue $560,795

TOTAL REVENUE $52,109,019

Expense Breakdown

Grants Paid $859,935

Salaries & Benefits $25,127,461

Fundraising Expenses $0

Program Expenses $43,409,899

Other Expenses $25,807,771

TOTAL EXPENSES $51,795,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,109,019	$48,103,648	+0.1%
Expenses	$51,795,167	$50,352,906	+0.0%
Net Income	$313,852	$-2,249,258	-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

631

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

$2,339,758

Total Directors

Key Employees

$1,012,239

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD TUTTLE	CHAIRMAN	1.00	Director	$0	$0	$0
JO ANNA POLLOCK	VICE CHAIRMAN	1.00	Director	$0	$0	$0
CHERYL MATEJKA	TREASURER/COMMITTEE CHAIR	1.00	Director	$0	$0	$0
HARRY CHIP PETERSON	SECRETARY/COMMITTEE CHAIR	1.00	Director	$0	$0	$0
LASHANA BARNES	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN FOUST	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA FRISINA	BOARD MEMBER (THRU 8/2024)	1.00	Director	$0	$0	$0
HAL GENTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM GLOSIER	BOARD MEMBER (AS OF 10/2024)	1.00	Director	$0	$0	$0
DAVID MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
T SHANE MCDONALD	BOARD MEMBER (AS OF 10/2024)	1.00	Director	$0	$0	$0
ELIJAH MURRELL	BOARD MEMBER (AS OF 10/2024)	1.00	Director	$0	$0	$0
PATRICIA PENKOSKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY SCHEIDEGGER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PORTER	CORPORATE PRESIDENT/PRESIDENT (LES)	5.00	Officer	$0	$32,993	$871,743
MARK FALKOWSKI	CORPORATE SECRETARY/GENERAL COUNSEL	5.00	Officer	$0	$28,948	$477,593
JOHN BARNES	CORPORATE VP/PRESIDENT & CEO	40.00	Officer	$356,722	$3,572	$360,294
DENISE BOCK	CORPORATE VICE TREASURER/CFO	40.00	Officer	$255,415	$15,416	$270,831
JOHN KAUFHOLD	CORPORATE TREASURER/CFO (LES)	5.00	Officer	$0	$16,986	$359,297
RICHARD REED	CHIEF ADMISSIONS OFFICER	40.00	Key Emp	$250,790	$19,389	$270,179
KIM PECK	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$206,014	$2,182	$208,196
LANCE A CRAVEN	SENIOR VP OF CAMPUS OPERATIONS	40.00	Key Emp	$182,922	$1,951	$184,873
KAWESI PRICE	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Key Emp	$164,235	$14,268	$178,503
MARCHELLE MCLEAN	VP EDUCATION AND CAREER SERVICES	40.00	Key Emp	$163,074	$7,414	$170,488
AMANDA GLOVER	SENIOR MANAGING DIRECTOR	40.00	Highest	$125,851	$26,345	$152,196
CHAD WILSON	CONTROLLER	40.00	Highest	$132,719	$12,508	$145,227
TODD BREADON	SENIOR MANAGING DIRECTOR	40.00	Highest	$126,282	$13,963	$140,245
VINCENT DERITA	SENIOR MANAGING DIRECTOR	40.00	Highest	$127,637	$1,398	$129,035
JOHN O'SULLIVAN	VICE PRESIDENT OF MARKETING	40.00	Highest	$129,902	$7,082	$136,984

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	$52,109,019	$51,795,167	$43,627,466	$313,852
2024	No data	No data	No data	No data
2023	$12,733,590	$12,903,894	$45,993,893	$-170,304

DORSEY COLLEGE HOLDINGS