THOMAS AQUINAS COLLEGE (EIN 941698615) - 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

1971

Legal Domicile

Principal Officer

DENNIS MCCARTHY

Phone

8055254417

Tax Period

2022-07-01 to 2023-06-30

THOMAS AQUINAS COLLEGE, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $36.1M in total revenue in fiscal year 2022. Expenses of $40.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

POST SECONDARY EDUCATION-EDUCATIONAL ACTIVITIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $16,063,696

Program Service Revenue $18,623,983

Investment Income $697,094

Other Revenue $684,461

TOTAL REVENUE $36,069,234

Expense Breakdown

Grants Paid $3,970,829

Salaries & Benefits $20,319,232

Fundraising Expenses $1,101,777

Program Expenses $34,760,784

Other Expenses $16,365,764

TOTAL EXPENSES $40,705,228

Year-over-Year Comparison

	2022	2021	Change
Revenue	$36,069,234	$36,779,950	0.0%
Expenses	$40,705,228	$37,701,711	+0.1%
Net Income	$-4,635,994	$-921,761	+4.0%

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

733

Volunteers

N/A

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

$476,020

Total Directors

$816,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KELLY	TUTOR, SECRETARY, BOARD MEMBER	40.00	Officer Director	$129,889	$36,986	$166,875
MICHAEL MCLEAN	PRESIDENT, TUTOR, BOARD MEMBER	40.00	Officer Director	$115,959	$27,809	$143,768
PETER DELUCA	VICE PRESIDENT, BOARD MEMBER	0.00	Officer Director	$0	$0	$0
R SCOTT TURICCHI	BOARD MEMBER, CHAIRMAN	0.00	Officer Director	$0	$0	$0
DIETER HUCKESTEIN	BOARD MEMBER, VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
ROBERT J BARBERA	BOARD MEMBER	0.00	Director	$0	$0	$0
ANGELA Y CONNELLY	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT W ANDREWS	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVEN J CAIN	DEAN, TUTOR, BOARD MEMBER	40.00	Director	$130,779	$37,099	$167,878
MILTON F DAILY JR	BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL K GRACE	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN GUINEE	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS R KRAUSE	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK E MONTGOMERY	BOARD MEMBER	0.00	Director	$0	$0	$0
BERNARDA NEAL	BOARD MEMBER	0.00	Director	$0	$0	$0
LLOYD NOBLE II	BOARD MEMBER	0.00	Director	$0	$0	$0
DONALD E SWARTZ	BOARD MEMBER	0.00	Director	$0	$0	$0
ESTHER WACHTELL	BOARD MEMBER	0.00	Director	$0	$0	$0
R JAMES WENSLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
MARTHA REICHERT	BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD SPENCER	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDREW W ZEPEDA	BOARD MEMBER	0.00	Director	$0	$0	$0
THOMAS J KAISER	TUTOR, BOARD MEMBER	40.00	Director	$133,885	$29,673	$163,558
R GLEN COUGHLIN	TUTOR, BOARD MEMBER	40.00	Director	$136,575	$37,571	$174,146
DENNIS MCCARTHY	VP FOR FINANCE, TREASURER	40.00	Officer	$135,703	$29,674	$165,377
JESSE JOHN BAER	TUTOR	40.00	Highest	$154,748	$36,968	$191,716
JON DALY	DIRECTOR OF ADMISSIONS	40.00	Highest	$150,438	$37,185	$187,623
CHRISTOPHER WEINKOPF	EXECUTIVE DIRECTOR OF COLLEGE RELATIONS	40.00	Highest	$147,197	$37,132	$184,329
PAUL O'REILLY	TUTOR, VP FOR DEVELOPMENT, BOARD MEMBER	40.00	Highest	$144,508	$37,364	$181,872
JOHN GOYETTE	DEAN, TUTOR, BOARD MEMBER	40.00	Highest	$143,940	$37,381	$181,321

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$36,069,234	$40,705,228	$144,911,282	$-4,635,994
2022	$36,779,950	$37,701,711	$141,655,485	$-921,761
2021	$42,264,663	$32,352,238	$146,165,892	$9,912,425
2020	$24,709,172	$28,761,005	$136,623,649	$-4,051,833
2019	$29,007,138	$25,415,013	$138,498,095	$3,592,125
2018	$36,023,629	$22,525,456	$130,098,714	$13,498,173

THOMAS AQUINAS COLLEGE