WENTWORTH INSTITUTE OF TECHNOLOGY … - Form 990 Financial Data

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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

1904

Legal Domicile

Principal Officer

MARK A THOMPSON

Phone

6179894325

Tax Period

2022-07-01 to 2023-06-30

WENTWORTH INSTITUTE OF TECHNOLOGY INC, founded in 1904, is a major nonprofit in the Education sector that reported $193.5M in total revenue in fiscal year 2022.

Mission

WENTWORTH INSTITUTE OF TECHNOLOGY IS A NATIONALLY RECOGNIZED PRIVATE COEDUCATIONAL AND RESIDENTIAL UNIVERSITY OF HIGHER EDUCATION WITH A MISSION TO EMPOWER, INSPIRE AND INNOVATE THROUGH EXPERIENTIAL LEARNING WITH A CORE PURPOSE OF CAREER SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $171,641,748 Revenue: $177,480,221

WENTWORTH INSTITUTE OF TECHNOLOGY, INC. (THE "UNIVERSITY") LOCATED IN BOSTON, MASSACHUSETTS IS A PRIVATE, COEDUCATIONAL INSTITUTION FOUNDED IN 1904 AND ACCREDITED BY THE NEW ENGLAND COMMISSION OF...

WENTWORTH INSTITUTE OF TECHNOLOGY, INC. (THE "UNIVERSITY") LOCATED IN BOSTON, MASSACHUSETTS IS A PRIVATE, COEDUCATIONAL INSTITUTION FOUNDED IN 1904 AND ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION, INC. AMONG OTHER ACCREDITING BODIES. THE UNIVERSITY PROVIDES ACADEMIC, RESIDENTIAL AND OTHER SERVICES TO A DIVERSE STUDENT POPULATION OF APPROXIMATELY 4,200, PREDOMINATELY FROM THE NORTHEAST REGION OF THE UNITED STATES, AS WELL AS FROM APPROXIMATELY 30 U.S. STATES AND 70 FOREIGN COUNTRIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,306,055

Program Service Revenue $177,386,773

Investment Income $3,591,780

Other Revenue $183,747

TOTAL REVENUE $193,468,355

Expense Breakdown

Grants Paid $58,880,132

Salaries & Benefits $74,773,934

Fundraising Expenses $3,813,061

Program Expenses $171,641,748

Other Expenses $63,858,913

TOTAL EXPENSES $197,512,979

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,468,355	$193,916,069	0.0%
Expenses	$197,512,979	$195,347,347	+0.0%
Net Income	$-4,044,624	$-1,431,278	+1.8%

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

2312

Volunteers

150

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

$4,049,717

Total Directors

$916,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK A THOMPSON	PRESIDENT	40.00	Officer Director	$860,704	$56,004	$916,708
GREGORY B JANEY	CHAIR	4.00	Officer Director	$0	$0	$0
JEROME H CASEY	VICE CHAIR (UNTIL 10/22)/TRUSTEE	4.00	Officer Director	$0	$0	$0
ROSEMARIE A CONTI	VICE CHAIR	4.00	Officer Director	$0	$0	$0
RYAN E HUTCHINS	SECRETARY (UNTIL 10/22)/TRUSTEE	4.00	Officer Director	$0	$0	$0
YANEL DE ANGEL	TRUSTEE	4.00	Director	$0	$0	$0
NOELLE BENAVIDES	TRUSTEE	4.00	Director	$0	$0	$0
DAVID C BLITTERSDORF	TRUSTEE	4.00	Director	$0	$0	$0
ANTHONY BOND	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL CARRAGHER	TRUSTEE	4.00	Director	$0	$0	$0
STEPHEN F FUSI	TRUSTEE (UNTIL 9/22)	4.00	Director	$0	$0	$0
ERIC GREENE	TRUSTEE	4.00	Director	$0	$0	$0
RICK GRUNDY	TRUSTEE	4.00	Director	$0	$0	$0
PAUL A GUARRACINO	TRUSTEE	4.00	Director	$0	$0	$0
ANIL JHA	TRUSTEE	4.00	Director	$0	$0	$0
DOUGLAS J KARAM	SECRETARY	4.00	Officer Director	$0	$0	$0
LAWRENCE LAFRENIERE	TREASURER	4.00	Officer Director	$0	$0	$0
JOHN M LYNCH	TRUSTEE	4.00	Director	$0	$0	$0
KATHLEEN MACNEIL	TRUSTEE	4.00	Director	$0	$0	$0
P MICHAEL MASTERSON	TRUSTEE (UNTIL 9/22)	4.00	Director	$0	$0	$0
TRAVIS MCCREADY	TRUSTEE	4.00	Director	$0	$0	$0
GARY J MILLER	TRUSTEE	4.00	Director	$0	$0	$0
JOHN PINI	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL SANTORA	TRUSTEE	4.00	Director	$0	$0	$0
AL SPAGNOLO	TRUSTEE	4.00	Director	$0	$0	$0
KENNETH TURNER	TRUSTEE	4.00	Director	$0	$0	$0
SOPHIA A MAGGELAKIS	PROVOST	40.00	Officer	$183,629	$14,067	$197,696
ERIK COTE	CHIEF OF STAFF	40.00	Officer	$162,562	$23,804	$186,366
ROBERT L TOTINO	VP FOR FINANCE & CFO	40.00	Officer	$311,952	$58,762	$370,714
ELIZABETH HERBERT	VP FOR INSTITUTIONAL ADVANCEMENT	40.00	Officer	$290,457	$28,407	$318,864
LYNN MCCORMICK	VP GENERAL COUNSEL	40.00	Officer	$239,787	$32,728	$272,515
VISHVAS PARADKAR	VP OF TECHNOLOGY & CIO	40.00	Officer	$265,587	$58,974	$324,561
KRISTIN TICHENOR	VP FOR ENROLLMENT MANAGEMENT	40.00	Officer	$271,146	$48,501	$319,647
DAVID WAHLSTROM	VP FOR BUSINESS	40.00	Officer	$214,157	$45,776	$259,933
NICOLE G PRICE	VP FOR DIVERSITY EQUITY & INCLUSION	40.00	Officer	$181,717	$42,882	$224,599
AMY INTILLE UNTIL 323	VP FOR EXECUTIVE AFFAIRS	40.00	Officer	$193,717	$19,565	$213,282
COURTNEY MCKENNA	VP FOR STUDENT AFFAIRS	40.00	Officer	$182,060	$27,548	$209,608
MELANIE DESANTIS UNTIL 323	VP OF EE RELATIONS & ENGAGEMENT	40.00	Officer	$206,047	$29,177	$235,224
DAVID GILMORE	ASSOCIATE VP FOR FINANCE	40.00	Highest	$196,760	$42,167	$238,927
CINDY P STEVENS	PROGRAM DIR & ACCREDITATION MANAGER	40.00	Highest	$227,555	$29,785	$257,340
MASOUD OLIA	PROFESSOR	40.00	Highest	$206,141	$46,393	$252,534
SEYED H NOORIAN	PROFESSOR	40.00	Highest	$205,877	$44,956	$250,833
MANSOUR SENOUZI	PROFESSOR	40.00	Highest	$190,982	$42,318	$233,300
IAN LAPP UNTIL 1221	FMR SENIOR VP ACAD AFFAIRS/PROVOST	40.00		$202,114	$4,227	$206,341

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$193,468,355	$197,512,979	$493,989,600	$-4,044,624
2022	$193,916,069	$195,347,347	$436,166,327	$-1,431,278
2021	$183,064,697	$182,700,083	$447,728,362	$364,614
2020	$189,040,117	$185,502,558	$423,680,198	$3,537,559
2019	$186,742,964	$179,652,653	$434,446,766	$7,090,311
2018	$204,115,906	$170,385,520	$430,458,871	$33,730,386

WENTWORTH INSTITUTE OF TECHNOLOGY INC