Wagner College
Wagner College reports recent operating deficits despite growing assets and increasing liabilities.
EIN: 135604699 · Staten Island, NY · NTEE: B430 · Updated: 2026-03-28
About Wagner College
Wagner College (EIN: 135604699) is a nonprofit organization based in Staten Island, NY, classified under NTEE code B430. The organization reported total revenue of $157.1M and total assets of $277.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wagner College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wagner College with a Mission Score of 70 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, Wagner 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.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is highly unusual for an organization of Wagner College's size and revenue ($120M+). This suggests that executive compensation details might be reported in other sections of the 990 or are not being fully disclosed in the 'Officer Comp' field, requiring a deeper dive into the full filing for accurate assessment.
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 Wagner College's IRS 990 filings:
- Consistent operating deficits in recent years (2023: -$2.25M, 2022: -$2.15M)
- Significant increase in liabilities from $77.6M in 2021 to $149.5M in 2023
- Unusual reporting of 0% for officer compensation across all filings, suggesting potential lack of transparency or incomplete data in this specific field.
Strengths
The following positive indicators were identified for Wagner College:
- Consistent growth in total assets over the past decade, reaching $279M in 2023.
- Stable revenue generation, generally exceeding $115M annually in recent years.
Frequently Asked Questions about Wagner College
What is the detailed breakdown of Wagner College's expenses, particularly program service expenses versus administrative and fundraising costs?
While specific detailed breakdowns are not provided in the summary data, the general NTEE code B430 (Colleges, Universities, & Professional Schools) implies a high proportion of program spending. However, the recent operating deficits suggest a need to scrutinize expense categories more closely.
Why has Wagner College reported 0% for officer compensation across all available filings?
This is a significant data point that requires further investigation into the full IRS 990 forms to understand how executive compensation is reported, as it is highly improbable that no officers receive compensation at an institution of this scale.
What factors contributed to the substantial increase in liabilities from $77,619,093 in 2021 to $149,509,330 in 2023?
This nearly doubling of liabilities in two years is a critical financial shift that could indicate new debt, capital projects, or other financial obligations impacting the college's long-term financial health.
How does Wagner College plan to address the recent trend of operating deficits, where expenses have exceeded revenue in the last two fiscal periods?
The deficits of $2,253,180 in 2023 and $2,149,908 in 2022 indicate that current revenue streams are not fully covering operational costs, necessitating a strategy to either increase revenue or reduce expenses.
Filing History
IRS 990 filing history for Wagner College showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wagner College's revenue has grown by 22%, moving from $98.6M to $120.3M. Total assets increased by 69.1% over the same period, from $165.0M to $279.1M. Total functional expenses rose by 32.2%, from $92.7M to $122.6M. In its most recent filing year (2023), Wagner College reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $149.5M in liabilities against $279.1M in assets (debt-to-asset ratio: 53.6%), resulting in net assets of $129.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $120.3M | $122.6M | $279.1M | $149.5M | — | View 990 |
| 2022 | $115.7M | $117.9M | $273.9M | $148.2M | — | View 990 |
| 2021 | $116.3M | $109.4M | $223.3M | $77.6M | — | View 990 |
| 2020 | $117.1M | $110.4M | $208.1M | $80.9M | — | View 990 |
| 2019 | $123.6M | $116.2M | $200.5M | $85.3M | — | View 990 |
| 2018 | $122.3M | $116.8M | $194.1M | $84.7M | — | View 990 |
| 2017 | $120.6M | $113.9M | $191.9M | $88.2M | — | View 990 |
| 2016 | $111.6M | $109.5M | $184.7M | $93.4M | — | View 990 |
| 2015 | $104.5M | $107.8M | $183.3M | $96.6M | — | View 990 |
| 2014 | $116.7M | $105.0M | $193.0M | $98.3M | — | View 990 |
| 2013 | $103.7M | $100.9M | $184.5M | $100.3M | — | View 990 |
| 2012 | $96.3M | $96.9M | $178.2M | $96.0M | — | View 990 |
| 2011 | $98.6M | $92.7M | $165.0M | $84.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $120.3M, expenses of $122.6M, and assets of $279.1M (revenue +4.0% year-over-year).
- 2022: Revenue of $115.7M, expenses of $117.9M, and assets of $273.9M (revenue -0.5% year-over-year).
- 2021: Revenue of $116.3M, expenses of $109.4M, and assets of $223.3M (revenue -0.7% year-over-year).
- 2020: Revenue of $117.1M, expenses of $110.4M, and assets of $208.1M (revenue -5.3% year-over-year).
- 2019: Revenue of $123.6M, expenses of $116.2M, and assets of $200.5M (revenue +1.1% year-over-year).
- 2018: Revenue of $122.3M, expenses of $116.8M, and assets of $194.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $120.6M, expenses of $113.9M, and assets of $191.9M (revenue +8.1% year-over-year).
- 2016: Revenue of $111.6M, expenses of $109.5M, and assets of $184.7M (revenue +6.8% year-over-year).
- 2015: Revenue of $104.5M, expenses of $107.8M, and assets of $183.3M (revenue -10.4% year-over-year).
- 2014: Revenue of $116.7M, expenses of $105.0M, and assets of $193.0M (revenue +12.6% year-over-year).
- 2013: Revenue of $103.7M, expenses of $100.9M, and assets of $184.5M (revenue +7.6% year-over-year).
- 2012: Revenue of $96.3M, expenses of $96.9M, and assets of $178.2M (revenue -2.3% year-over-year).
- 2011: Revenue of $98.6M, expenses of $92.7M, and assets of $165.0M.
Data Sources and Methodology
This transparency report for Wagner 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.