MCPHS UNIVERSITY

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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

1852

Legal Domicile

Principal Officer

RICHARD J LESSARD

Phone

6177322800

Tax Period

2024-07-01 to 2025-06-30

MCPHS UNIVERSITY, founded in 1852, is a major nonprofit in the Education sector that reported $456.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153.3M, a strong 34% operating margin.

Mission

MCPHS UNIVERSITY PREPARES STUDENTS FOR CAREERS IN HEALTH CARE THROUGH TEACHING, SCHOLARSHIP, RESEARCH, PROFESSIONAL SERVICE AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $258,123,963 Revenue: $281,813,373

THE UNIVERSITY PROVIDED EDUCATIONAL PROGRAMS TO STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN PHARMACY AND HEALTH SCIENCE DISCIPLINES.

Program 2

Expenses: $16,237,683 Revenue: $20,030,317

THE UNIVERSITY PROVIDED RESIDENCE HALL ACCOMODATIONS FOR STUDENTS.

Program 3

Expenses: $383,767 Revenue: $39,612

THE UNIVERSITY PROVIDED CONTINUING EDUCATION COURSES AND PROGRAMS FOR PHARMACISTS AND OTHER HEALTH CARE PROFESSIONALS.

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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 $3,811,906

Program Service Revenue $301,883,302

Investment Income $145,778,155

Other Revenue $5,001,967

TOTAL REVENUE $456,475,330

Expense Breakdown

Grants Paid $68,167,812

Salaries & Benefits $160,524,233

Fundraising Expenses $1,107,451

Program Expenses $274,745,413

Other Expenses $74,489,594

TOTAL EXPENSES $303,181,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,475,330	$351,899,896	+0.3%
Expenses	$303,181,639	$295,156,173	+0.0%
Net Income	$153,293,691	$56,743,723	+1.7%

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

3041

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

$3,548,889

Total Directors

Key Employees

$2,537,642

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI SNYDER	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD E GRIFFIN	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL SEARVANCE	TRUSTEE	5.00	Director	$0	$0	$0
MARYESTHER L FOURNIER	TRUSTEE	5.00	Director	$0	$0	$0
MARIE DYER	TRUSTEE	5.00	Director	$0	$0	$0
LESLEY L WALLS	TRUSTEE	5.00	Director	$0	$0	$0
LAURA CHAN	TRUSTEE	5.00	Director	$0	$0	$0
CAROL BRIGHT	TRUSTEE	5.00	Director	$0	$0	$0
GARY J KERR	TRUSTEE	5.00	Director	$0	$0	$0
GAIL P BUCHER	TRUSTEE	5.00	Director	$0	$0	$0
KAREN TUBRIDY	TRUSTEE	5.00	Director	$0	$0	$0
EMERY W JOHNSON	TRUSTEE	5.00	Director	$0	$0	$0
DAVID L MAHER	EX-OFFICIO TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER FLYNN	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD J LESSARD	PRESIDENT	55.00	Officer	$1,358,888	$431,664	$1,790,552
CAROLINE ZEIND	VPAA - PROVOST	55.00	Officer	$765,817	$182,414	$948,231
KEITH A BELLUCCI	CHIEF FINANCIAL OFFICER	55.00	Officer	$638,935	$171,171	$810,106
THOMAS A SCANLON	CHIEF INFORMATION OFFICER	55.00	Key Emp	$488,615	$54,891	$543,506
ROBERT DICENZO	DEAN	55.00	Key Emp	$388,979	$54,794	$443,773
KEVIN M DOLAN	CHIEF HUMAN RESOURCES OFFICER	55.00	Key Emp	$374,067	$52,041	$426,108
SUSAN L GORMAN	CHIEF ADVANCEMENT OFFICER	55.00	Key Emp	$318,422	$50,841	$369,263
ERIC THOMPSON	CHIEF ENROLLMENT OFFICER	55.00	Key Emp	$316,265	$39,833	$356,098
ASHLEIGH C JONES	CHIEF BUSINESS OFFICER	55.00	Key Emp	$337,433	$61,461	$398,894
CHARLES BRECKLING	CHIEF DIGITAL MARKETING OFFICER	55.00	Highest	$380,620	$67,580	$448,200
KEVIN M MCGOVERN	SOFTWARE DIRECTOR	55.00	Highest	$345,263	$54,502	$399,765
TAMMY GRAVEL	DEAN	55.00	Highest	$308,916	$64,219	$373,135
DELIA M ANDERSON	DEAN	55.00	Highest	$312,740	$52,442	$365,182
FREDERICK FRANKHAUSER	PROFESSOR	55.00	Highest	$324,517	$57,837	$382,354
STEPHEN KERR	FMR. INTERIM DEAN/CURR. ASSOC. PROVOST	55.00		$264,399	$48,133	$312,532

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	$456,475,330	$303,181,639	$2,452,106,199	$153,293,691
2024	No data	No data	No data	No data
2023	$342,287,085	$284,766,135	$2,010,373,778	$57,520,950
2022	$425,452,913	$278,238,989	$1,828,702,247	$147,213,924
2021	$374,201,406	$246,961,299	$1,998,877,330	$127,240,107
2020	$345,361,919	$239,929,416	$1,486,480,487	$105,432,503
2019	$327,988,674	$221,429,230	$1,401,367,293	$106,559,444
2018	$364,021,727	$206,050,084	$1,287,733,230	$157,971,643