University of New England (EIN 010211810) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1831

Legal Domicile

Principal Officer

James D Herbert PhD

Phone

2076022312

Tax Period

2024-06-01 to 2025-05-31

University of New England, founded in 1831, is a major nonprofit in the Education sector that reported $322.8M in total revenue in fiscal year 2024. Expenses of $277.3M left a modest 14% surplus.

Mission

The University of New England prepares students to thrive in a rapidly-changing world and, in so doing, to improve the health of people, communities, and our planet.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,944,425

Program Service Revenue $254,610,000

Investment Income $20,108,449

Other Revenue $7,172,732

TOTAL REVENUE $322,835,606

Expense Breakdown

Grants Paid $48,388,098

Salaries & Benefits $136,016,154

Fundraising Expenses $3,424,092

Program Expenses $248,570,774

Other Expenses $92,914,385

TOTAL EXPENSES $277,318,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,835,606	$303,386,239	+0.1%
Expenses	$277,318,637	$256,436,740	+0.1%
Net Income	$45,516,969	$46,949,499	0.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3178

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,433,120

Total Directors

$1,027,687

Key Employees

$509,346

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James D Herbert	President	40.00	Officer Director	$814,381	$213,306	$1,027,687
Regan Gallagher	Board Chair	5.00	Officer Director	$0	$0	$0
E Story Cleland Landis	Board Vice Chair	5.00	Officer Director	$0	$0	$0
Cheri L Walker	Treasurer	5.00	Officer Director	$0	$0	$0
Mason Irving III	Secretary	5.00	Officer Director	$0	$0	$0
James Brady	Board Member	1.00	Director	$0	$0	$0
Todd Cesca	Board Member	1.00	Director	$0	$0	$0
Calen B Colby	Board Member	1.00	Director	$0	$0	$0
David Engle	Board Member	1.00	Director	$0	$0	$0
Fran Girard	Board Member	1.00	Director	$0	$0	$0
Suzanne Iovanna	Board Member	1.00	Director	$0	$0	$0
Robert Leonard	Board Member	1.00	Director	$0	$0	$0
Mark Malone	Board Member	1.00	Director	$0	$0	$0
Jean Ginn Marvin	Board Member	1.00	Director	$0	$0	$0
Daniel P McCormack	Board Member	1.00	Director	$0	$0	$0
Dimitri Michaud	Board Member	1.00	Director	$0	$0	$0
Julie Mostov	Board Member	1.00	Director	$0	$0	$0
Ford Reiche	Board Member	1.00	Director	$0	$0	$0
Richard Roderick	Board Member	1.00	Director	$0	$0	$0
Aleister Saunders	Board Member	1.00	Director	$0	$0	$0
Justin H Schair	Board Member	1.00	Director	$0	$0	$0
Stephen Shannon	Board Member	1.00	Director	$0	$0	$0
Kate Snyder	Board Member	1.00	Director	$0	$0	$0
Lawrence Wold	Board Member	1.00	Director	$0	$0	$0
George M Locarno	Past Board Member	1.00	Director	$0	$0	$0
James Irwin	SVP for Finance & Admin/CFO	40.00	Officer	$351,352	$54,081	$405,433
Gwendolyn Mahon	Provost/SVP for Academic Affairs	40.00	Key Emp	$481,440	$27,906	$509,346
Jane Carriero	Dean Osteopathic Med/VP Hlth Affairs	40.00	Highest	$438,354	$46,024	$484,378
Guy DeFeo	Sr. Assoc. Dean for Clinical Educ.	40.00	Highest	$289,331	$113,521	$402,852
Nicole Kimmes	Dean of College of Dental Medicine	40.00	Highest	$322,260	$48,805	$371,065
Stacey Pierce-Talsma	Associate Dean of Academic Affairs	40.00	Highest	$288,111	$35,507	$323,618
Ronald Schneider	General Counsel/VP of Legal Affairs	40.00	Highest	$298,664	$9,719	$308,383
Philip Shapiro	Former SVP Finance/Assoc. VP Invest.	40.00		$209,416	$16,635	$226,051
Karen Pardue	Former Provost/Associate Provost	40.00		$172,875	$42,094	$214,969

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$322,835,606	$277,318,637	$847,931,625	$45,516,969
2024	$303,386,239	$256,436,740	$788,821,790	$46,949,499
2023	$282,092,734	$240,884,585	$727,087,320	$41,208,149
2022	$270,155,659	$228,855,187	$685,643,028	$41,300,472
2021	$272,571,933	$226,354,856	$612,979,426	$46,217,077
2020	$268,322,443	$233,688,721	$559,629,790	$34,633,722
2019	$274,356,045	$235,025,492	$526,610,714	$39,330,553
2018	$267,296,474	$230,981,584	$525,435,244	$36,314,890

University of New England