BAY PATH UNIVERSITY (EIN 042103865) - 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

1940

Legal Domicile

Principal Officer

MICHAEL GIAMPIETRO

Phone

4135651219

Tax Period

2023-07-01 to 2024-06-30

BAY PATH UNIVERSITY, founded in 1940, is a mid-sized nonprofit in the Education sector that reported $67.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

A BAY PATH UNIVERSITY EDUCATION EMPOWERS UNDERGRADUATE WOMEN AND GRADUATE WOMEN AND MEN TO BECOME LEADERS IN THEIR CAREERS AND COMMUNITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,932,071

Program Service Revenue $53,651,979

Investment Income $2,266,850

Other Revenue $482,675

TOTAL REVENUE $67,333,575

Expense Breakdown

Grants Paid $12,477,168

Salaries & Benefits $33,062,096

Fundraising Expenses $804,078

Program Expenses $55,965,661

Other Expenses $21,155,340

TOTAL EXPENSES $66,694,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,333,575	$61,681,825	+0.1%
Expenses	$66,694,604	$61,915,154	+0.1%
Net Income	$638,971	$-233,329	-3.7%

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

1038

Volunteers

351

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

$1,068,161

Total Directors

Key Employees

$276,379

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandra Doran	President	55.0	Officer	$468,000	$64,737	$532,737
Michael Giampietro	Senior VP Finance & Admin Svcs	50.0	Officer	$251,867	$49,103	$300,970
Frank Rojas	Vice President of Enrollment	50.0	Key Emp	$227,835	$48,544	$276,379
John Caron	Special Advisor to the Pres.	50.0	Highest	$244,688	$19,424	$264,112
Jeremy Anderson	VP for Learning Innovation, Te	50.0	Highest	$224,611	$18,276	$242,887
Kathleen Bourque	VP for University Relations	50.0	Officer	$214,533	$19,921	$234,454
Melissa Morriss-Olsen	Distinguished Prof HELOS & Fou	50.0	Highest	$187,555	$24,433	$211,988
Crystal Neuhauser	VICE PRESIDENT OF INSTITUTIONA	50.0	Highest	$168,781	$32,546	$201,327
Theresa Devito	Dean, School of Health Science	50.0	Highest	$185,774	$14,262	$200,036
Andrew Anderlonis	Trustee	1.0	Director	$0	$0	$0
Kirk Arnold	Trustee	1.0	Director	$0	$0	$0
TANIA BARBAR	Trustee	1.0	Director	$0	$0	$0
Delcie Bean	Trustee	1.0	Director	$0	$0	$0
Daniel Bishop	Trustee	1.0	Director	$0	$0	$0
Carrie Burr	Trustee	1.0	Director	$0	$0	$0
Mary Bushnell	Trustee	1.0	Director	$0	$0	$0
Julia Byers	Trustee	1.0	Director	$0	$0	$0
Andrea Cataldo	Trustee	1.0	Director	$0	$0	$0
Lamont Clemons	Trustee	1.0	Director	$0	$0	$0
Miranda Dal Zovo	Trustee	1.0	Director	$0	$0	$0
Jo-Ann Davis	Trustee	1.0	Director	$0	$0	$0
Laura Grondin	Trustee	1.0	Director	$0	$0	$0
Ann Hammer	Trustee	1.0	Director	$0	$0	$0
Pia Kumar	Trustee	1.0	Director	$0	$0	$0
Andrew Lam	Trustee	1.0	Director	$0	$0	$0
Eric Lesser	Trustee	1.0	Director	$0	$0	$0
Grace Makari-Judson	Trustee	1.0	Director	$0	$0	$0
Stefano Martini	Trustee	1.0	Director	$0	$0	$0
Rodger Metzger	Trustee	1.0	Director	$0	$0	$0
Robyn Newhouse	Trustee	1.0	Director	$0	$0	$0
Lori Roop	Trustee	1.0	Director	$0	$0	$0
Kathleen Schuster	Trustee	1.0	Director	$0	$0	$0
Mary Ann Spencer	Trustee	1.0	Director	$0	$0	$0
Brian Tuohey	Trustee	1.0	Director	$0	$0	$0
Wayne Webster	Trustee	1.0	Director	$0	$0	$0
Jeanette Weldon	Trustee	1.0	Director	$0	$0	$0
Danielle Williams	Trustee	1.0	Director	$0	$0	$0
Ham Wilson	Trustee	1.0	Director	$0	$0	$0
Michelle Wirth	Trustee	1.0	Director	$0	$0	$0

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	$67,333,575	$66,694,604	$134,395,079	$638,971
2023	$61,681,825	$61,915,154	$126,885,753	$-233,329
2022	$66,636,964	$64,766,806	$122,407,846	$1,870,158
2021	$73,665,718	$64,718,801	$138,475,237	$8,946,917
2020	$71,676,111	$68,632,629	$117,799,617	$3,043,482
2019	$70,405,848	$69,069,682	$116,527,042	$1,336,166
2018	$72,931,786	$69,731,929	$116,404,765	$3,199,857

BAY PATH UNIVERSITY