Harvey Mudd College

EIN: 951911219 501(c)(3) Education

Claremont, CA

Total Revenue
$120,148,671
Total Expenses
$111,257,604
Total Assets
$675,267,142
Net Assets
$598,721,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
CA
Principal Officer
Harriet B Nembhard
Phone
9096218043
Tax Period
2023-07-01 to 2024-06-30

Harvey Mudd College, founded in 1955, is a major nonprofit in the Education sector that reported $120.1M in total revenue in fiscal year 2023. Expenses of $111.3M left a modest 7% surplus.

Mission

HMC is one of the premier math, science and engineering liberal arts colleges in the nation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,469,930
Program Service Revenue $84,094,395
Investment Income $22,520,207
Other Revenue $64,139
TOTAL REVENUE $120,148,671

Expense Breakdown

Grants Paid $22,451,494
Salaries & Benefits $50,156,370
Fundraising Expenses $5,238,890
Program Expenses $96,125,691
Other Expenses $38,649,740
TOTAL EXPENSES $111,257,604

Year-over-Year Comparison

2023 2022 Change
Revenue $120,148,671 $122,013,429 0.0%
Expenses $111,257,604 $107,261,135 +0.0%
Net Income $8,891,067 $14,752,294 -0.4%
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

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Governance

Voting Members
41
Independent Members
40
Employees
1210
Volunteers
569

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
11
$2,726,346
Total Directors
41
$458,687
Key Employees
4
$1,509,633
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Harriet B Nembhard President 50.00
Officer Director
$362,345 $96,342 $458,687
James C Bean Chair of the Board 1.00
Officer Director
$0 $0 $0
Laura A Larson Vice Chair of the Board 1.00
Officer Director
$0 $0 $0
Michael P Schubmehl Vice Chair of the Board 1.00
Officer Director
$0 $0 $0
John Benediktsson Trustee 1.00
Director
$0 $0 $0
Justin Christian Trustee 1.00
Director
$0 $0 $0
Doo Chung Trustee 1.00
Director
$0 $0 $0
Pat Copeland Trustee 1.00
Director
$0 $0 $0
Michael Curtis Trustee 1.00
Director
$0 $0 $0
Bruce L DePriester Trustee 1.00
Director
$0 $0 $0
Howard C Deshong III Trustee 1.00
Director
$0 $0 $0
Jason Fennell Trustee 1.00
Director
$0 $0 $0
Matthew Ferri Trustee 1.00
Director
$0 $0 $0
Kathleen Fisher Trustee 1.00
Director
$0 $0 $0
Scott Fraser Trustee 1.00
Director
$0 $0 $0
Kacyn Fujii Trustee 1.00
Director
$0 $0 $0
Laurie Girand Trustee 1.00
Director
$0 $0 $0
Murray Goldberg Trustee 1.00
Director
$0 $0 $0
Robert Gould Trustee 1.00
Director
$0 $0 $0
Shamit Grover Trustee 1.00
Director
$0 $0 $0
Mar Hershenson Trustee 1.00
Director
$0 $0 $0
Dylan Hixon Trustee 1.00
Director
$0 $0 $0
Robert Hulse Trustee 1.00
Director
$0 $0 $0
Albert Lee Trustee 1.00
Director
$0 $0 $0
Allan Leinwand Trustee 1.00
Director
$0 $0 $0
Tony Li Trustee 1.00
Director
$0 $0 $0
Curtis Mewbourne Trustee 1.00
Director
$0 $0 $0
Tyler Mingst Trustee 1.00
Director
$0 $0 $0
Karen Morrison Trustee 1.00
Director
$0 $0 $0
Justin Peterson Trustee 1.00
Director
$0 $0 $0
Autumn Preskill Trustee 1.00
Director
$0 $0 $0
Gregory Rae Trustee 1.00
Director
$0 $0 $0
Amyn Rajan Trustee 1.00
Director
$0 $0 $0
Sunil Rajasekar Trustee 1.00
Director
$0 $0 $0
Murray Rode Trustee 1.00
Director
$0 $0 $0
Jessica Skon Trustee 1.00
Director
$0 $0 $0
Yvonne Wassenaar Trustee 1.00
Director
$0 $0 $0
Michael G Wilson Trustee 1.00
Director
$0 $0 $0
Terence Wong Trustee 1.00
Director
$0 $0 $0
Bruce Worster Trustee 1.00
Director
$0 $0 $0
Lindsay Wray Trustee 1.00
Director
$0 $0 $0
Andrew Dorantes - VPChief Operating Officer & Treasurer 50.00
Officer
$427,073 $65,774 $492,847
Hieu Nguyen VP for Advancement 50.00
Officer
$336,296 $80,799 $417,095
Tom Donnelly - VP for Academic Affairs & Dean of Faculty 50.00
Officer
$276,454 $75,110 $351,564
Thyra Briggs VP for Admissions and Financial Aid 50.00
Officer
$261,586 $51,998 $313,584
Timothy Hussey - Chief Communic Officer & Asst Sec to Board 50.00
Officer
$190,990 $56,596 $247,586
Mia Alonzo Asst VP/Controller 4.00
Officer
$0 $46,238 $235,239
Karen Angemi Chief of Staff & Secretary to Board 50.00
Officer
$148,994 $60,750 $209,744
Maria Klawe Former President 50.00
Key Emp
$577,908 $89,210 $667,118
Joseph Vaughan - Chief Infomat Officer & VP of Comp and Info Servic 50.00
Key Emp
$261,894 $59,059 $320,953
Kimberly Stafford Interim VP for Advancement 40.00
Key Emp
$208,628 $81,934 $290,562
Marco Valenzuela - VP Student Affairs & Dean of Students 40.00
Key Emp
$212,499 $18,501 $231,000
Zachary Dodds Faculty 40.00
Highest
$234,767 $84,668 $319,435
Haydee Lindo Faculty 40.00
Highest
$234,164 $37,181 $271,345
Matthew Spencer Faculty 40.00
Highest
$231,127 $39,005 $270,132
Alfonso Castro Faculty 40.00
Highest
$205,057 $56,334 $261,391
Jamie Haddock Faculty 40.00
Highest
$224,867 $27,900 $252,767
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 $120,148,671 $111,257,604 $675,267,142 $8,891,067
2023 $122,013,429 $107,261,135 $634,073,455 $14,752,294
2022 $135,401,536 $97,791,014 $620,812,431 $37,610,522
2021 $77,731,780 $78,166,837 $659,151,438 $-435,057
2020 $92,164,752 $93,685,743 $530,392,219 $-1,520,991
2019 $97,006,334 $92,943,737 $516,739,706 $4,062,597
2018 $112,549,527 $86,988,118 $501,358,279 $25,561,409
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