Landmark College
Legal name: Landmark College Inc
Nonprofit profile at a glance
- EIN
- 222586208
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Putney, VT, US
- Phone
- 802-387-4767
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Standard
Reported finances
- Revenue
- $46,188,301
- Expenses
- $45,382,470
- Assets
- $84,748,381
- Liabilities
- $24,339,897
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- DR PETER EDEN (PRESIDENT - THRU JUL 2024)
- DR JAMES DLUGOS (PRESIDENT - AS OF JULY 2024)
Highest reported compensation
- DR PETER EDEN (PRESIDENT - THRU JUL 2024): $368,162 total reported compensation
- KARRIE KALICH (VP ACADEMIC AFFAIRS): $198,171 total reported compensation
- DR JAMES DLUGOS (PRESIDENT - AS OF JULY 2024): $183,189 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Landmark College is a community designed exclusively for students who learn differently, including students with a learning disability (such as dyslexia), ADHD, autism, or executive function challenges. We champion a strengths-based model for education, giving students the skills and strategies they need to succeed in life.
What it reported doing in 2024
Provided higher education in both associate and bacalaureate degree programs to approximately 481 students in the fall 2024 semester and 438 students in the spring 2025 semester.
Operating model
- Revenue model
- Earned-program. 84% 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 72% for direct work, and 28% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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: 64
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.2%; rating input score 67
- Program expense ratio: 73.9%; rating input score 74
- Fundraising efficiency: $5.53 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: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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: 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; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 1.87; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 21st percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site
- Where the money goes: 67.2% of revenue deployed · 73.9% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $33.5M in reported program spending
- Leadership: top reported pay $368K · 23 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.2M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 12 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
- 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 — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.