Lycoming College

What it reported doing in 2024

Lycoming college is a four-year liberal arts based, co-educational, independent college whose primary function is the presentation of formal instruction. The college has a regular faculty, a regularly scheduled curriculum (consisting of fall, spring, may and summer term), and a regularly enrolled student body in attendance at its campus located in williamsport, Pennsylvania. The college's areas of concentration include bachelor of arts degrees in 32 major fields and bachelor of science degrees in 5 major fields. Program services of the college include the cost of instruction, academic support, student services, institutional support, and scholarships. Continued on schedule othe cost of instruction includes expenses contributing directly to the presentation of formal instruction for the 76 aforementioned majors.academic support is all expenses related to those areas of the college such as the college library, computer center, tutoring services, the institution for management studies, humanities research center, and center for academic experiences. Student services are all of the expenses specifically related to providing "our customer", the student, with a complete college experience. Such areas would include the registrar, community services, health services, recreation center, athletics, counseling services, admissions, financial aid, residential life, office of student programs, outdoor leadership education, and the dean of students. Institutional support includes all expenses of maintaining the campus facilities and providing for its employees, such as buildings and grounds, security, office of the president, business office, human resources, mail services, college relations, institutional research etc.student financial aid from internal sources represented approximately 75% of gross tuition and fee revenue. In addition to sources of internal and external financial aid, and the lycoming grant program (need-based), lycoming college offers numerous scholarships to academically talented students. Most academic scholarships are automatically renewed in their original amount for the following year provided the student maintains satisfactory academic progress as defined in the college catalog. Enrollment for the 2024-2025 academic year was approximately 990 full-time equivalents.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 79.3%; rating input score 79
• Fundraising efficiency: $4.5 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 96.9%; rating input score 97; 52nd 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: -2.2%; rating input score 18; 18th percentile among comparable filings
• Total-asset coverage ratio: 3.5; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 74; 74th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 2.8% per year; rating input score 100; 20th percentile among comparable filings
• Revenue growth: 2.7% per year; rating input score 100; 20th percentile among comparable filings
• Asset growth: 2.7% per year; rating input score 100; 18th percentile among comparable filings