Albertus Magnus College
Nonprofit profile at a glance
- EIN
- 060646520
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- New Haven, CT, USA
- Phone
- 2037738516
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $62,216,973
- Expenses
- $53,558,794
- Assets
- $82,223,346
- Liabilities
- $35,810,891
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- MARC M CAMILLE ED D (PRESIDENT/TRUSTEE)
- BRIAN FERNANDEZ (VICE PRESIDENT FOR ENROLLMENT MANAGEMENT)
Highest reported compensation
- MARC M CAMILLE ED D (PRESIDENT/TRUSTEE): $500,277 total reported compensation
- LAURI STRIMKOVSKY (VP FOR FINANCE AND ADMINISTRATION): $254,028 total reported compensation
- WILLIAM ANISKOVICH (DEAN OF THE TAGLIATELA SCHOOL PF BUSINESS AND LEAD): $237,366 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To maintain and operate an institution of higher learning which provides instruction in the liberal arts and sciences and confers degrees upon the completion of curricula prescribed by the college in accordance with its charter and the laws of the state of Connecticut.
What it reported doing in 2024
Student services and auxiliary (student support) services consisting of housing, food service, laundry service, infirmary and counseling of approximately 1,350 college students.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 85
- Accountability: 93
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.6%; rating input score 94
- Program expense ratio: 84.5%; rating input score 84
- Fundraising efficiency: $1.03 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.3%; rating input score 99; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88%; rating input score 88; 35th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13.9%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 3.5%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 93.6% of revenue deployed · 84.5% of spending went to programs
- Governance: 22 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $45.3M in reported program spending
- Leadership: top reported pay $500K · 31 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.9M reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 3/100.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.