LASELL UNIVERSITY (EIN 042103585) - 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

1851

Legal Domicile

Principal Officer

ERIC M TURNER

Phone

6172432000

Tax Period

2024-07-01 to 2025-06-30

LASELL UNIVERSITY, founded in 1851, is a mid-sized nonprofit in the Education sector that reported $68.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

WE IMMERSE STUDENTS IN EXPERIENTIAL AND COLLABORATIVE LEARNING THAT FOSTERS LIFELONG INTELLECTUAL EXPLORATION AND SOCIAL RESPONSIBILITY.

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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 $6,860,474

Program Service Revenue $58,181,696

Investment Income $2,487,468

Other Revenue $762,708

TOTAL REVENUE $68,292,346

Expense Breakdown

Grants Paid $14,771,824

Salaries & Benefits $30,515,274

Fundraising Expenses $2,309,909

Program Expenses $62,162,581

Other Expenses $26,139,170

TOTAL EXPENSES $71,532,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,292,346	$81,014,237	-0.2%
Expenses	$71,532,398	$68,536,596	+0.0%
Net Income	$-3,240,052	$12,477,641	-1.3%

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

1010

Volunteers

100

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

$889,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERRY DEROCHE	CHAIR	1.00	Officer Director	$0	$0	$0
LORI HINDLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETER SCHULTE	TREASURER	1.00	Officer Director	$0	$0	$0
JOE MARAIA	CLERK (UNTIL OCT. 2024)/TRUSTEE	1.00	Officer Director	$0	$0	$0
RENA CLARK	TRUSTEE (UNTIL OCT. 2024)/CLERK	1.00	Officer Director	$0	$0	$0
SUSAN DUNNE	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS FONSECA	TRUSTEE	1.00	Director	$0	$0	$0
GREG HOLMAN	TRUSTEE	1.00	Director	$0	$0	$0
KEON HOLMES	TRUSTEE	1.00	Director	$0	$0	$0
BRAD KATES	TRUSTEE	1.00	Director	$0	$0	$0
MERCEDES KELEMEN	TRUSTEE	1.00	Director	$0	$0	$0
DEBBY MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MCKENNA	TRUSTEE	1.00	Director	$0	$0	$0
LINDA MAGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE PASCAL	TRUSTEE	1.00	Director	$0	$0	$0
UBIN POKHAREL	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI RAFFONE	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA RAKOV	TRUSTEE	1.00	Director	$0	$0	$0
KARL VASILOFF	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN WARD	TRUSTEE (UNTIL OCT. 2024)	1.00	Director	$0	$0	$0
JUDITH WITTENBERG	TRUSTEE (UNTIL APR. 2025)	1.00	Director	$0	$0	$0
ERIC TURNER	PRESIDENT	40.00	Officer	$382,748	$111,961	$494,709
ANDREW MAYLOR	CFO, COO, VP OF STRATEGIC INITIATIVES	40.00	Officer	$261,527	$14,643	$276,170
HENRY PUGH	CLERK & EXEC. ASST. TO PRESIDENT	40.00	Officer	$80,369	$38,617	$118,986
CHELSEA GWYTHER	VP OF ADVANCEMENT	40.00	Highest	$239,833	$18,893	$258,726
CHRYSTAL PORTER	PROVOST	40.00	Highest	$236,870	$50,566	$287,436
ZEHRA ABID-WOOD	PRESIDENT OF LASELL VILLAGE	40.00	Highest	$307,390	$54,901	$362,291
JENNIFER OKEEFFE	CHIEF OF STAFF & GENERAL COUNSEL	40.00	Highest	$180,952	$44,591	$225,543
JESSE TAURIAC	CHIEF DIVERSITY OFFICER	40.00	Highest	$186,704	$9,521	$196,225

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	$68,292,346	$71,532,398	$130,812,275	$-3,240,052
2024	$81,014,237	$68,536,596	$129,643,451	$12,477,641
2023	$78,954,053	$92,945,178	$119,807,608	$-13,991,125
2022	$87,640,510	$92,286,404	$134,108,713	$-4,645,894
2021	$85,290,352	$86,077,398	$146,552,524	$-787,046
2020	$92,147,979	$93,288,420	$138,640,632	$-1,140,441
2019	$94,815,012	$94,879,839	$148,280,077	$-64,827
2018	$93,004,404	$92,497,429	$149,980,732	$506,975

LASELL UNIVERSITY