St Thomas Aquinas College
St Thomas Aquinas College faces consistent operational deficits despite stable revenue and substantial assets.
EIN: 132513162 · Sparkill, NY · NTEE: B03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.7M |
| Total Expenses | $41.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $88.5M |
| Transparency Score | 65/100 |
Is St Thomas Aquinas College Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Thomas Aquinas College directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Thomas Aquinas College
St Thomas Aquinas College (EIN: 132513162) is a nonprofit organization based in Sparkill, NY, classified under NTEE code B03. The organization reported total revenue of $33.7M and total assets of $97.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Thomas Aquinas College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Thomas Aquinas College is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.2M |
| Total Expenses | $41.7M |
| Surplus / Deficit | $-9,464,267 |
| Total Assets | $103.8M |
| Total Liabilities | $15.2M |
| Net Assets | $88.5M |
| Operating Margin | -29.4% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 29.9 months |
Financial Health Grade: B
In 2023, St Thomas Aquinas College reported a deficit of $9.5M with expenses exceeding revenue, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Thomas Aquinas College's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +5.3% | -5.3% |
| 2022 | -0.6% | +7.9% | -14.5% |
| 2021 | -5.3% | +9.9% | +16.1% |
| 2020 | +5.5% | +1.3% | +1.9% |
| 2019 | -0.5% | +2.2% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 St Thomas Aquinas College with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, St Thomas Aquinas College allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $9.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an institution of this size with over $30 million in annual revenue and nearly $100 million in assets. This suggests that executive compensation may be reported under different categories or is not being disclosed in the standard officer compensation section of the 990, warranting further scrutiny.
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 St Thomas Aquinas College's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses $41.6M vs. revenue $32.2M).
- Unusual reporting of 0% officer compensation across all filings, raising questions about executive pay transparency.
- Significant decrease in assets from $128.1M in 2021 to $103.7M in 2023, alongside increasing liabilities.
Strengths
The following positive indicators were identified for St Thomas Aquinas College:
- Maintains substantial assets, with $103,772,742 in 2023, providing a financial cushion.
- Historically stable revenue streams, generally between $29M and $34M over the past decade.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance.
Frequently Asked Questions about St Thomas Aquinas College
Is St Thomas Aquinas College a legitimate charity?
Based on AI analysis of IRS 990 filings, St Thomas Aquinas College (EIN: 132513162) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does St Thomas Aquinas College spend its money?
St Thomas Aquinas College directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Thomas Aquinas College tax-deductible?
St Thomas Aquinas College is registered as a tax-exempt nonprofit (EIN: 132513162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Thomas Aquinas College CEO make?
St Thomas Aquinas College's highest-compensated officer earns $30 annually. The organization reported $33.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Thomas Aquinas College's spending goes to programs?
St Thomas Aquinas College directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Thomas Aquinas College compare to similar nonprofits?
With a transparency score of 65/100 (Good), St Thomas Aquinas College is above average for NTEE category B03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Thomas Aquinas College located?
St Thomas Aquinas College is headquartered in Sparkill, New York and files with the IRS under EIN 132513162. It is classified under NTEE code B03.
How many years of IRS 990 filings does St Thomas Aquinas College have?
St Thomas Aquinas 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 $33.7M in total revenue.
Is St Thomas Aquinas College a good charity?
As an educational institution (NTEE B03), its 'charitable' nature is primarily in providing education. Its financial health shows a concerning trend of expenses exceeding revenue in recent years, which could impact its long-term sustainability. The lack of reported officer compensation is also an area that requires further clarification for a complete assessment.
Why are expenses consistently higher than revenue in recent years?
From 2021 to 2023, St Thomas Aquinas College has reported expenses significantly exceeding revenue. For example, in 2023, expenses were $41,674,029 while revenue was $32,209,762. This indicates an operational deficit that needs to be understood through a detailed review of their financial statements to identify the specific drivers of these increased costs or decreased income.
What is the significance of 0% officer compensation?
The consistent reporting of 0% for officer compensation across all filings is highly unusual for an organization of this scale. It could mean that compensation for key executives is reported under other expense categories (e.g., salaries and wages for all employees), or that the individuals serving as officers are not compensated directly by the organization in a way that triggers reporting in this specific section. This lack of transparency on executive pay is a red flag for financial analysis.
Filing History
IRS 990 filing history for St Thomas Aquinas College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Thomas Aquinas College's revenue has declined by 3.6%, moving from $33.4M to $32.2M. Total assets increased by 0.6% over the same period, from $103.1M to $103.8M. Total functional expenses rose by 47.4%, from $28.3M to $41.7M. In its most recent filing year (2023), St Thomas Aquinas College reported a deficit of $9.5M, with expenses exceeding revenue. The organization holds $15.2M in liabilities against $103.8M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $88.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.2M | $41.7M | $103.8M | $15.2M | — | — |
| 2022 | $32.3M | $39.6M | $109.6M | $14.6M | — | View 990 |
| 2021 | $32.5M | $36.7M | $128.2M | $16.7M | — | View 990 |
| 2020 | $34.3M | $33.4M | $110.4M | $6.5M | — | View 990 |
| 2019 | $32.5M | $33.0M | $108.4M | $5.4M | — | View 990 |
| 2018 | $32.6M | $32.2M | $109.2M | $5.7M | — | View 990 |
| 2017 | $31.7M | $31.3M | $108.5M | $6.6M | — | View 990 |
| 2016 | $29.2M | $31.0M | $107.8M | $6.3M | — | View 990 |
| 2015 | $29.6M | $30.9M | $110.4M | $7.1M | — | View 990 |
| 2014 | $33.8M | $30.1M | $114.4M | $10.0M | — | View 990 |
| 2013 | $34.5M | $29.9M | $108.9M | $10.4M | — | View 990 |
| 2012 | $33.7M | $28.9M | $105.0M | $11.3M | — | View 990 |
| 2011 | $33.4M | $28.3M | $103.1M | $12.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.2M, expenses of $41.7M, and assets of $103.8M (revenue -0.2% year-over-year).
- 2022: Revenue of $32.3M, expenses of $39.6M, and assets of $109.6M (revenue -0.6% year-over-year).
- 2021: Revenue of $32.5M, expenses of $36.7M, and assets of $128.2M (revenue -5.3% year-over-year).
- 2020: Revenue of $34.3M, expenses of $33.4M, and assets of $110.4M (revenue +5.5% year-over-year).
- 2019: Revenue of $32.5M, expenses of $33.0M, and assets of $108.4M (revenue -0.5% year-over-year).
- 2018: Revenue of $32.6M, expenses of $32.2M, and assets of $109.2M (revenue +2.8% year-over-year).
- 2017: Revenue of $31.7M, expenses of $31.3M, and assets of $108.5M (revenue +8.6% year-over-year).
- 2016: Revenue of $29.2M, expenses of $31.0M, and assets of $107.8M (revenue -1.1% year-over-year).
- 2015: Revenue of $29.6M, expenses of $30.9M, and assets of $110.4M (revenue -12.6% year-over-year).
- 2014: Revenue of $33.8M, expenses of $30.1M, and assets of $114.4M (revenue -2.0% year-over-year).
- 2013: Revenue of $34.5M, expenses of $29.9M, and assets of $108.9M (revenue +2.3% year-over-year).
- 2012: Revenue of $33.7M, expenses of $28.9M, and assets of $105.0M (revenue +0.9% year-over-year).
- 2011: Revenue of $33.4M, expenses of $28.3M, and assets of $103.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Thomas Aquinas College:
Data Sources and Methodology
This transparency report for St Thomas Aquinas 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.