Holy Cross College

Legal name: Holy Cross College Inc

Nonprofit profile at a glance

EIN
351148835
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Notre Dame, IN, USA
Phone
574-239-8400
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Community or Junior Colleges
Affiliation
Christianity

Official website

Reported finances

Revenue
$39,099,048
Expenses
$34,744,013
Assets
$54,861,308
Liabilities
$24,306,906

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

Leadership & pay

37 people listed

Executive titles in this filing

  • Marco Clark (President)
  • Monica Markovich (Executive Vice President)
  • Lynn Hubert (Senior Vice President Mission Advancement)
  • Robert Pastoor (Associate Vice President for Student Engagement and Director of Athletics)
  • JudeAnne Hastings (Vice President College Relations)
  • Andrew Polaniecki (Associate Vice President of Campus Operations)

Highest reported compensation

  • Marco Clark (President): $337,469 total reported compensation
  • Michael Griffin (Provost): $188,463 total reported compensation
  • Monica Markovich (Executive Vice President): $184,987 total reported compensation

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

Overview

Mission

Holy Cross College, rooted in the Catholic tradition, educates the whole person—mind, heart, and spirit—to become scholar, citizen, leader, and disciple.

What it reported doing in 2024

Higher Education: Holy Cross College is a Catholic, residential liberal arts college located in Notre Dame, Indiana and is part of a tri campus community that includes the University of Notre Dame and Saint Mary's College. The College was founded in 1966 by the Brothers of Holy Cross and offers both associate and bachelors degrees, including an intensive three year bachelors program. The College's core curriculum fosters community while cultivating the minds and hearts of our students to form scholars, leaders, citizens, and disciples. At Holy Cross, students are shaped by a vision of the common good that is firmly grounded in the Catholic intellectual tradition. Through study, dialogue, and experience, Holy Cross College forms global citizens with the competence to see and the courage to act.

Operating model

Revenue model
Other-operating. 73% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% 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: 77
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.3%; rating input score 79
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: $6.57 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • 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: 11.1%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 79.3% of revenue deployed · 88.8% of spending went to programs
  • Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $30.9M in reported program spending
  • Leadership: top reported pay $337K · 37 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.2M reported
  • Consistency: 48 of 48 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Fundraising efficiency scored 27/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.