St Thomas Aquinas College

Nonprofit profile at a glance

EIN
132513162
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Sparkill, NY, USA
Phone
8453984040
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$60,458,551
Expenses
$65,718,172
Assets
$94,107,746
Liabilities
$14,175,074

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

Leadership & pay

39 people listed

Executive titles in this filing

  • MR KENNETH DDALY (President)

Highest reported compensation

  • MR KENNETH DDALY (President): $594,899 total reported compensation
  • MR JOSEPH DONINI (V.P. FINANCE&AD): $316,495 total reported compensation
  • MR THOMAS F FLOOD (V.P. INST. ADV.): $308,249 total reported compensation

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

Overview

Mission

St. Thomas Aquinas College seeks to challenge, guide, and energize each student to realize and create their own path to success and commit themselves to making a profound difference in the world. STAC endeavors to be a vibrant, inclusive learning community that is the top choice for students who seek a leading-edge, transformative education rooted in the liberal arts and designed to prepare them for career success in a changing world. Rooted in a tradition of study, reflection, and service, and faithful to our founders, the Dominican Sisters of Sparkill, St. Thomas Aquinas College believes that education has the power to liberate and transform.

What it reported doing in 2024

STUDENT SERVICES-As a student-centered institution, St. Thomas Aquinas College is committed to fostering a supportive and inclusive campus environment that promotes academic, personal, and professional development. Student Services include residential life programming, student engagement and leadership development opportunities, athletics and recreation, campus ministry, and co-curricular activities that enhance the student experience.The College provides health and wellness resources, counseling services, and student support programs that promote holistic well-being. Career services assist students with career exploration, internship placement, graduate school preparation, and employment readiness. These coordinated services support successful in-school experiences and post-graduate outcomes.

Operating model

Revenue model
Earned-program. 87% 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 54% for direct work, and 46% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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: 86
  • Transparency & Controls: 73
  • Accountability: 95
  • Sustainability: 30
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98%; rating input score 98
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: $3.68 raised per $1 spent on fundraising; rating input score 14; 14th 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: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 0 of 8 controls in place; rating input score 0
    • Claims monitoring procedures: Fail
    • 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; 77th 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; 77th 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: -8.7%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 1.43; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: -0% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 98% of revenue deployed · 89.7% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $59M in reported program spending
  • Leadership: top reported pay $595K · 39 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.8M reported
  • Consistency: 40 of 40 current checks pass
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 14 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.