LESLEY UNIVERSITY (EIN 042103589) - 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

1909

Legal Domicile

Principal Officer

JANET L STEINMAYER

Phone

6173498500

Tax Period

2024-07-01 to 2025-06-30

LESLEY UNIVERSITY, founded in 1909, is a mid-sized nonprofit that reported $99.4M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $112.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

LESLEY UNIVERSITY ENGAGES STUDENTS IN TRANSFORMATIVE EDUCATION THROUGH ACTIVE LEARNING, SCHOLARLY RESEARCH, DIVERSE FORMS OF ARTISTIC EXPRESSION, AND THE INTEGRATION OF RIGOROUS ACADEMICS WITH PRACTICAL, PROFESSIONAL EXPERIENCE, LEADING TO MEANINGFUL CAREERS AND CONTINUING LIFELONG LEARNING. LESLEY PREPARES SOCIALLY RESPONSIBLE GRADUATES WITH THE KNOWLEDGE, SKILLS, UNDERSTANDING AND ETHICAL JUDGMENT TO BE CATALYSTS SHAPING A MORE JUST, HUMANE, AND SUSTAINABLE WORLD.

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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 $8,397,244

Program Service Revenue $71,018,648

Investment Income $17,523,606

Other Revenue $2,414,594

TOTAL REVENUE $99,354,092

Expense Breakdown

Grants Paid $15,920,862

Salaries & Benefits $54,750,620

Fundraising Expenses $494,625

Program Expenses $85,146,636

Other Expenses $42,018,649

TOTAL EXPENSES $112,690,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,354,092	$150,495,525	-0.3%
Expenses	$112,690,131	$122,647,449	-0.1%
Net Income	$-13,336,039	$27,848,076	-1.5%

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

1293

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

$2,262,339

Total Directors

$698,282

Key Employees

$1,045,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET L STEINMAYER	PRESIDENT	40.00	Officer Director	$631,665	$66,617	$698,282
MR ART BARDIGE	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID B SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID I NEWTON	TRUSTEE	1.00	Director	$0	$0	$0
MR HANS D STRAUCH	TRUSTEE, CHAIR	1.00	Officer Director	$0	$0	$0
MR HAROLD BELODOFF TRUSTEE	VICE CHAIR AND TREASURER	1.00	Officer Director	$0	$0	$0
MR MICHAEL E MOONEY	TRUSTEE	1.00	Director	$0	$0	$0
MR THOMAS N RILEY	TRUSTEE	1.00	Director	$0	$0	$0
MRS DEBORAH SCHWARTZ RAIZES	TRUSTEE	1.00	Director	$0	$0	$0
MS BARBARA WEINSTEIN RUSSELL	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
MS CECELIA FITZGIBBON	TRUSTEE	1.00	Director	$0	$0	$0
MS GEORGETTE CHAPMAN PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
MS JUANITA JAMES	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
MS LYNDA LEE SHERIDAN	TRUSTEE, CLERK	1.00	Officer Director	$0	$0	$0
MS NINA HOUGHTON	TRUSTEE	1.00	Director	$0	$0	$0
MS SUSAN LUICK GOOD	TRUSTEE	1.00	Director	$0	$0	$0
MS VERONICA OHANIAN HEATH	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN JEPPSEN	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA MEDALIE	TRUSTEE	1.00	Director	$0	$0	$0
ANDRE MEHTA	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE KOSSUTH	COO	40.00	Officer	$265,821	$49,377	$315,198
MARY-JANE MACLAUGHLIN	CHIEF HR OFFICER	40.00	Officer	$268,936	$57,505	$326,441
SHIRIN PHILIPP	VP & GENERAL COUNSEL	40.00	Officer	$274,839	$25,348	$300,187
DEANNA YAMEEN	INTERIM PROVOST	40.00	Officer	$289,150	$44,795	$333,945
MICHAEL J HOYLE	CFO	40.00	Officer	$248,317	$39,969	$288,286
NATHANIEL G MAYS	DEAN OF STUDENTS	40.00	Key Emp	$198,432	$11,117	$209,549
STEVEN S SHAPIRO VICE	PROVOST FOR LIBERAL ARTS & BUSINESS	40.00	Key Emp	$178,468	$67,625	$246,093
STEPHANIE SPADORCIA	VICE PROVOST FOR EDUCATION	40.00	Key Emp	$158,327	$41,393	$199,720
MEENAKSHI CHHABRA VICE PROVOST	FOR MENTAL HEALTH & WELL-BEING	40.00	Key Emp	$174,116	$31,482	$205,598
HEATHER SHAW	VICE PROVOST FOR ART & DESIGN	40.00	Key Emp	$173,476	$10,746	$184,222
IRENE FOUNTAS	DIRECTOR READING RECOVERY	40.00	Highest	$195,531	$44,472	$240,003
AYSE ATASOYLU	DIRECTOR OF STUDENT HEALTH	20.00	Highest	$209,856	$35,674	$245,530
GLORIA NORONHA	VP EQUITY DIVERSITY INCLUSION	40.00	Highest	$219,285	$23,204	$242,489
ANDREW DEMELIA	AVP - OPERATION	40.00	Highest	$189,801	$19,971	$209,772
PATRICK COOGAN AVP FIN PLANNING	& ANALYSIS	40.00	Highest	$214,273	$10,628	$224,901

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	$99,354,092	$112,690,131	$426,764,056	$-13,336,039
2024	No data	No data	No data	No data
2023	$117,726,321	$116,817,987	$422,901,748	$908,334
2022	$114,171,327	$120,096,401	$422,988,983	$-5,925,074
2021	$126,944,351	$108,405,064	$459,682,175	$18,539,287
2020	$116,825,952	$125,113,113	$417,901,477	$-8,287,161
2019	$134,182,327	$128,203,355	$422,143,910	$5,978,972
2018	$122,031,534	$122,787,880	$399,865,961	$-756,346

LESLEY UNIVERSITY