BEducationEIN: 370661496

Carthage College

Kenosha, Wisconsin

BHealth Score
62B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 492 peers in Education with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.29×
Peer Median1.96×
💰
$124.0M
Total Revenue
📊
$128.3M
Total Expenses
🏦
$293.8M
Net Assets
📋
$118.1M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-6.4%
Year-over-year change (2022 → 2023)
Net Margin
-3.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.29
Net assets divided by total expenses
Liabilities-to-Assets
28.7%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$123,979,9266%$128,346,9383%$411,918,2136%
2022$132,470,1616%$124,024,0738%$389,285,6965%
2021$125,157,33915%$114,873,77723%$408,772,14326%
2020$147,961,7761%$149,611,9482%$324,316,773
2019$149,287,9733%$152,919,2452%$324,089,073
2018$144,344,1917%$149,442,02311%$325,139,7641%
2017$154,745,55817%$135,196,0504%$322,747,89514%
2016$132,420,2682%$130,164,58810%$282,887,3011%
2015$135,728,09313%$117,948,6388%$287,164,92013%
2014$120,149,4728%$109,289,4028%$254,628,51813%
2013$111,096,9416%$100,891,9135%$225,674,2348%
2012$105,172,588$96,002,968$208,485,651

Frequently Asked Questions

What does Carthage College do?

Carthage College is a education nonprofit organization based in Wisconsin. It is classified under NTEE code B430 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Carthage College financially healthy?

Based on our 9-metric Financial Health Score model, Carthage College has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Carthage College generate?

Carthage College reports $139.7M in annual revenue and holds $441.0M in total assets, based on IRS filings.

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