College of St Joseph
Nonprofit profile at a glance
- EIN
- 030213180
- IRS 990 coverage
- 2010–2016
- Forms available
- Form 990 2016
- Location
- Rutland, VT, USA
- Phone
- 8027735900
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- University or Technological Institute
- Affiliation
- Christianity
Reported finances
- Revenue
- $8,187,262
- Expenses
- $11,687,349
- Assets
- $10,833,548
- Liabilities
- $7,145,621
Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- LAWRENCE G JENSEN (President & CEO)
- RICHARD B LLOYD (President & CEO)
Highest reported compensation
- RICHARD B LLOYD (President & CEO): $111,484 total reported compensation
- KRISTIE JOHNSON (VP OF BUSINESS): $82,849 total reported compensation
- LAWRENCE G JENSEN (President & CEO): $74,250 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The College of St. Joseph is a private, non-profit, independent Catholic College governed by an independent Board of Trustees. The College offers associate, bachelor, and master degrees to full and part-time students. The College is accredited by the New England Association of Schools and Colleges, Inc. and is approved through state exemption to operate in Vermont. The College is certified by the United States government to participate and receive aid through the federal Title IV programs.
What it reported doing in 2016
Educational and auxiliary enterprises - providing and maintaining instruction and support for approximately 200 students and providing and maintaining dorms, dining halls, and other miscellaneous services for approximately 200 students.
Operating model
- Revenue model
- Earned-program. 87% 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 65% for direct work, and 35% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 100
- Accountability: 90
- Sustainability: 23
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.3%; rating input score 97
- Program expense ratio: 68.2%; rating input score 68
- Fundraising efficiency: $6.88 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.5%; rating input score 90; 21st 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: -42.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 19th percentile among comparable filings
Details
- Where the money goes: 97.3% of revenue deployed · 68.2% of spending went to programs
- Governance: 19 of 21 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $8M in reported program spending
- Leadership: top reported pay $111K · 24 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2010 to 2016
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.