Cazenovia College
Cazenovia College faces severe financial distress with consistent operating deficits and declining assets.
EIN: 150543658 · Cazenovia, NY · NTEE: B420 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.8M |
| Total Expenses | $40.5M |
| Program Spending | 75% |
| Net Assets | $11.8M |
| Transparency Score | 30/100 |
Is Cazenovia College Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cazenovia College directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cazenovia College
Cazenovia College (EIN: 150543658) is a nonprofit organization based in Cazenovia, NY, classified under NTEE code B420. The organization reported total revenue of $13.8M and total assets of $26.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cazenovia College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cazenovia College is a large nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.3M |
| Total Expenses | $40.5M |
| Surplus / Deficit | $-12,165,975 |
| Total Assets | $42.3M |
| Total Liabilities | $30.5M |
| Net Assets | $11.8M |
| Operating Margin | -43.0% |
| Debt-to-Asset Ratio | 72.1% |
| Months of Reserves | 12.5 months |
Financial Health Grade: C
In 2023, Cazenovia College reported a deficit of $12.2M with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 72.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cazenovia College's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.1% | -4.2% | -23.3% |
| 2022 | +21.4% | +7.8% | -10.2% |
| 2021 | -6.4% | -3.6% | -0.3% |
| 2020 | +1.5% | +1.2% | +31.1% |
| 2019 | -4.0% | +0.2% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cazenovia College with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Cazenovia College allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests either a unique compensation structure or that compensation is not reported in a standard manner, or that the college was in such dire straits that executives were not compensated.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cazenovia College's IRS 990 filings:
- Consistent operating deficits for multiple years (e.g., $12.1M deficit in 202306).
- Significant decline in total assets from $66.5M in 201406 to $42.2M in 202306.
- Sharp decrease in revenue from $42.3M in 202206 to $28.3M in 202306, and further to $13.7M latest.
- High liabilities relative to assets in recent years (e.g., $30.4M liabilities vs. $42.2M assets in 202306).
- Reporting 0% officer compensation across all filings, which is unusual for an active institution and may indicate reporting anomalies or severe financial distress leading to no compensation.
Strengths
The following positive indicators were identified for Cazenovia College:
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing executive overhead or a unique compensation structure.
Frequently Asked Questions about Cazenovia College
Is Cazenovia College a legitimate charity?
Cazenovia College (EIN: 150543658) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.8M. 5 red flags identified. 1 strength noted. Financial health grade: C.
How does Cazenovia College spend its money?
Cazenovia College directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cazenovia College tax-deductible?
Cazenovia College is registered as a tax-exempt nonprofit (EIN: 150543658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cazenovia College's spending goes to programs?
Cazenovia College directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cazenovia College compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Cazenovia College is below average for NTEE category B420 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cazenovia College located?
Cazenovia College is headquartered in Cazenovia, New York and files with the IRS under EIN 150543658. It is classified under NTEE code B420.
How many years of IRS 990 filings does Cazenovia College have?
Cazenovia College has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.8M in total revenue.
Is Cazenovia College financially viable in the long term?
Based on the consistent operating deficits, declining revenue (from $42.3M in 2022 to $28.3M in 2023), and decreasing assets, the long-term financial viability of Cazenovia College appears to be severely challenged.
What caused the significant drop in revenue between 2022 and 2023?
The IRS 990 data shows a sharp decline in revenue from $42,341,028 in 202206 to $28,310,109 in 202306, and further to $13,760,530 in the latest reported period. This significant drop warrants further investigation into enrollment, funding sources, and operational changes.
How does the college plan to address its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for multiple years (e.g., $40.4M expenses vs. $28.3M revenue in 202306). The filings do not provide a strategic plan for addressing these deficits, which are a major concern for financial sustainability.
Filing History
IRS 990 filing history for Cazenovia College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cazenovia College's revenue has declined by 25.9%, moving from $38.2M to $28.3M. Total assets decreased by 33.8% over the same period, from $63.9M to $42.3M. Total functional expenses rose by 11.7%, from $36.2M to $40.5M. In its most recent filing year (2023), Cazenovia College reported a deficit of $12.2M, with expenses exceeding revenue. The organization holds $30.5M in liabilities against $42.3M in assets (debt-to-asset ratio: 72.1%), resulting in net assets of $11.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.3M | $40.5M | $42.3M | $30.5M | — | View 990 |
| 2022 | $42.3M | $42.3M | $55.1M | $31.3M | — | View 990 |
| 2021 | $34.9M | $39.2M | $61.3M | $33.7M | — | View 990 |
| 2020 | $37.3M | $40.6M | $61.5M | $32.6M | — | View 990 |
| 2019 | $36.7M | $40.2M | $46.9M | $13.9M | — | View 990 |
| 2018 | $38.2M | $40.1M | $50.9M | $14.9M | — | View 990 |
| 2017 | $46.7M | $44.8M | $54.7M | $15.7M | — | View 990 |
| 2016 | $45.0M | $45.4M | $66.1M | $25.8M | — | View 990 |
| 2015 | $45.1M | $44.8M | $65.4M | $23.6M | — | View 990 |
| 2014 | $42.6M | $42.7M | $66.6M | $23.9M | — | View 990 |
| 2013 | $38.5M | $38.9M | $64.2M | $24.7M | — | View 990 |
| 2012 | $37.8M | $36.8M | $62.8M | $24.4M | — | View 990 |
| 2011 | $38.2M | $36.2M | $63.9M | $25.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.3M, expenses of $40.5M, and assets of $42.3M (revenue -33.1% year-over-year).
- 2022: Revenue of $42.3M, expenses of $42.3M, and assets of $55.1M (revenue +21.4% year-over-year).
- 2021: Revenue of $34.9M, expenses of $39.2M, and assets of $61.3M (revenue -6.4% year-over-year).
- 2020: Revenue of $37.3M, expenses of $40.6M, and assets of $61.5M (revenue +1.5% year-over-year).
- 2019: Revenue of $36.7M, expenses of $40.2M, and assets of $46.9M (revenue -4.0% year-over-year).
- 2018: Revenue of $38.2M, expenses of $40.1M, and assets of $50.9M (revenue -18.1% year-over-year).
- 2017: Revenue of $46.7M, expenses of $44.8M, and assets of $54.7M (revenue +3.7% year-over-year).
- 2016: Revenue of $45.0M, expenses of $45.4M, and assets of $66.1M (revenue -0.3% year-over-year).
- 2015: Revenue of $45.1M, expenses of $44.8M, and assets of $65.4M (revenue +5.9% year-over-year).
- 2014: Revenue of $42.6M, expenses of $42.7M, and assets of $66.6M (revenue +10.5% year-over-year).
- 2013: Revenue of $38.5M, expenses of $38.9M, and assets of $64.2M (revenue +2.1% year-over-year).
- 2012: Revenue of $37.8M, expenses of $36.8M, and assets of $62.8M (revenue -1.1% year-over-year).
- 2011: Revenue of $38.2M, expenses of $36.2M, and assets of $63.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cazenovia College:
Data Sources and Methodology
This transparency report for Cazenovia College is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.