Franklin & Marshall College
Legal name: Employer Contribution Veba Trust for Franklin & Marshall College
Nonprofit profile at a glance
- EIN
- 306380369
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Clinton, IA, USA
- Phone
- 877-678-9111
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Non-Government)
Reported finances
- Revenue
- $724,351
- Expenses
- $248,373
- Assets
- $2,382,746
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At F&M, you’ll step beyond the classroom and into the vivarium. “The vivarium is this beautiful gem in the crown that is F&M,” said Lillian Basom ’08, Director of Operations, College Vivarium. “There are very few facilities that offer undergraduate students that kind of hands-on, experiential learning right from the moment they step on campus. The facility and our programming, which supports up to 80 students a semester, wouldn't exist without the commitment of our incredible students.” Read more » F&M Pre-Orientation Programs.
What it reported doing in 2024
All expenses incurred have been applied in accordance with the stated mission for active and former employees, and to defray the cost of administering the plan.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 90
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 65.7%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 9.59; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 27.3% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 71st percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 1 of 1 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $750 · 2 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 5 of 6 not reported.