Defiance College
Nonprofit profile at a glance
- EIN
- 344430762
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Defiance, OH, USA
- Phone
- 4197832317
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $24,838,658
- Expenses
- $25,990,216
- Assets
- $40,654,726
- Liabilities
- $8,400,172
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- Dr Richanne C Mankey (President)
Highest reported compensation
- Dr Richanne C Mankey (President): $295,271 total reported compensation
- Dr Agnes I Caldwell (Executive VP and Academic Dean): $190,294 total reported compensation
- Dr Thomas Stuckey (VP for Finance and Administration): $169,367 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Defiance College graduates students to lead distinctive lives in their chosen professions through a spirit of service by preparing them to Know, To Understand, To Lead, and To Serve.
What it reported doing in 2024
Defiance College is a post-secondary, four-year private liberal arts, residential college accredited by the Higher Learning Commission (HLC) of the North Central Association of Colleges and Universities serving approximately 600 students on a 150 acre campus in Northwest, Ohio. Degrees awarded are Associated of Arts, Bachelor of Science, Bachelor of Arts, Masters of Arts in Education, and Masters in Business Administration. The college support is derived from student tuition, fees, grants, private gifts and auxiliary services.
Operating model
- Revenue model
- Other-operating. 79% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 96
- Accountability: 100
- Sustainability: 37
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.3%; rating input score 91
- Program expense ratio: 80.8%; rating input score 81
- Fundraising efficiency: $5.4 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: -4.6%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -1.1% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: -1.3% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -1.3% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 91.3% of revenue deployed · 80.8% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $21M in reported program spending
- Leadership: top reported pay $295K · 26 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.9M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 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 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.