Allegheny College

Nonprofit profile at a glance

EIN
250965212
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Meadville, PA, USA
Phone
8143324790
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

Reported finances

Revenue
$139,329,636
Expenses
$131,645,480
Assets
$468,360,473
Liabilities
$68,887,020

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

50 people listed

Executive titles in this filing

  • RONALD B COLE PHD (PRESIDENT & CEO)

Highest reported compensation

  • RONALD B COLE PHD (PRESIDENT & CEO): $406,845 total reported compensation
  • LINDA S WETSELL (CFO/ VP OF FINANCE/ TREASURER): $285,276 total reported compensation
  • MATTHEW STINSON (VP FOR INSTITUTIONAL ADVANCEMENT): $274,675 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Allegheny's undergraduate residential education prepares young adults for successful, meaningful lives by promoting students' intellectual, moral, and social development and encouraging personal and civic responsibility.allegheny's faculty and staff combine high academic standards and a commitment to the exchange of knowledge with a supportive approach to learning. Graduates are equipped to think critically and creatively, write clearly, speak persuasively, and meet challenges in a diverse, interconnected world.

What it reported doing in 2024

In fy 25, allegheny college opened alic @ bessemer, its branch campus created to build the regional manufacturing workforce. In 2025, we developed and launched 21 technical training courses on technologies such as cnc machining, robotics, automation, programmable logic controls, industrial electrical systems, and professional development tools such as excel and leadership strategies. The components of alic @ bessemer:- technical training facilityalic @ bessemer offers high-tech, advanced manufacturing processes and operations training programs for incumbent workers, recent high school graduates, and underemployed individuals. See continuation on schedule o.alic was recently granted accreditation through the middle states commission on higher education, allowing our courses to be credit-bearing starting in the fall of 2025.- venture studioswhere we, alongside industry partners, ideate on the future of manufacturing, spinning off startups to solve near-future challenges.- applied research laboratoriesour four-year students from across campus will work alongside industry partners on applied research opportunities. They will deploy the theoretical knowledge gained through their rigorous allegheny education to real-world applications defined by our industry partners.- shared use - alic @ bessemer equipment will be available for our industry partners to rent time on, alleviating internal capacity issues and giving them access to high-end machinery that might otherwise be out of reach.

Operating model

Revenue model
Earned-program. 61% 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 61% for direct work, and 39% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 75
  • Accountability: 91
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.8%; rating input score 91
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $12.97 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 41st percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.5%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 3.56; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 9th percentile among comparable filings
  • Revenue growth: 1% per year; rating input score 100; 8th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 90.8% of revenue deployed · 88.9% of spending went to programs
  • Governance: 36 of 39 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $117.1M in reported program spending
  • Leadership: top reported pay $407K · 50 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $13.4M reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.