ASSUMPTION 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

1904

Legal Domicile

Principal Officer

GREGORY WEINER

Phone

5087677000

Tax Period

2024-06-01 to 2025-05-31

ASSUMPTION UNIVERSITY, founded in 1904, is a major nonprofit in the Education sector that reported $129.1M in total revenue in fiscal year 2024.

Mission

ASSUMPTION UNIVERSITY IS A COMPREHENSIVE, CATHOLIC LIBERAL ARTS INSTITUTION SPONSORED BY THE AUGUSTINIANS OF THE ASSUMPTION. WE AWAKEN IN STUDENTS A SENSE OF WONDER, DISCOVERY, AND PURPOSE, FORMING GRADUATES KNOWN FOR THEIR INTELLECTUAL SERIOUSNESS, THOUGHTFUL CITIZENSHIP, AND DEVOTION TO THE COMMON GOOD. OUR CURRICULAR AND CO-CURRICULAR PROGRAMS PROVIDE STUDENTS WITH AN EDUCATION THAT SHAPES THEIR SOULS, FORMS THEM INTELLECTUALLY, AND PREPARES THEM FOR MEANINGFUL CAREERS. WE ARE A DIVERSE COMMUNITY THAT WELCOMES DIFFERENT POINTS OF VIEW AND EMBRACES ALL WHO SHARE OUR MISSION. ENLIVENED BY THE CATHOLIC AFFIRMATION OF THE HARMONY OF FAITH AND REASON, AND BY THE PURSUIT OF THE TRUTH IN THE COMPANY OF FRIENDS, AN ASSUMPTION EDUCATION TRANSFORMS THE MIND AND HEARTS OF STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $109,660,514 Revenue: $92,234,542

HIGHER EDUCATION: OFFERS COMPREHENSIVE COLLEGE DEGREE PROGRAMS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVEL. IN FISCAL YEAR 2025, A TOTAL OF 370 UNDERGRADUATE DEGREES, 151 GRADUATE DEGREES AND 25...

HIGHER EDUCATION: OFFERS COMPREHENSIVE COLLEGE DEGREE PROGRAMS AT BOTH THE UNDERGRADUATE AND GRADUATE LEVEL. IN FISCAL YEAR 2025, A TOTAL OF 370 UNDERGRADUATE DEGREES, 151 GRADUATE DEGREES AND 25 CERTIFICATES WERE AWARDED.

Program 2

Expenses: $19,218,455 Revenue: $20,597,360

AUXILIARY ENTERPRISES: PROVIDED CAMPUS HOUSING TO APPROXIMATELY 1,500 UNDERGRADUATE STUDENTS. PROVIDED BOARD AND BOOKS TO APPROXIMATELY 1,800 STUDENTS.

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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 $9,528,536

Program Service Revenue $111,536,341

Investment Income $6,468,122

Other Revenue $1,579,575

TOTAL REVENUE $129,112,574

Expense Breakdown

Grants Paid $57,762,969

Salaries & Benefits $44,385,685

Fundraising Expenses $2,160,108

Program Expenses $128,878,969

Other Expenses $35,419,034

TOTAL EXPENSES $137,584,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,112,574	$127,143,548	+0.0%
Expenses	$137,584,883	$129,299,078	+0.1%
Net Income	$-8,472,309	$-2,155,530	+2.9%

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

1107

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

$1,533,829

Total Directors

Key Employees

$885,241

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW S VIENS	TRUSTEE	2.00	Director	$0	$0	$0
CARL M CAFARO	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN M CLANCY	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE C MARCKS	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH PAQUETTE	TRUSTEE	2.00	Director	$0	$0	$0
EMMANUEL LARBI	TRUSTEE	2.00	Director	$0	$0	$0
FR RICHARD LAMOUREUX	TRUSTEE	2.00	Director	$0	$0	$0
JON WEAVER	TRUSTEE	2.00	Director	$0	$0	$0
MAJ GEN ROBERT CATALANOTTI	TRUSTEE	2.00	Director	$0	$0	$0
MARTHA MARTINI RICE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL J KELLY PHD	TRUSTEE (THRU 5/16/25)	2.00	Director	$0	$0	$0
FR EDWARD SHATOV AA	TRUSTEE	2.00	Director	$0	$0	$0
FR JOHN L FRANCK AA	TRUSTEE	2.00	Director	$0	$0	$0
FR MARCEL POIRIER AA	TRUSTEE	2.00	Director	$0	$0	$0
FR PETER R PRECOURT AA	TRUSTEE	2.00	Director	$0	$0	$0
FR VINCENT LECLERCQ AA	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD J CATRAMBONE	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD P BURKE JR	TRUSTEE (THRU 5/16/25)	2.00	Director	$0	$0	$0
SHARON BROVELLI	TRUSTEE	2.00	Director	$0	$0	$0
SR CLARE T TJADER RA	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN F KNOTT	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN T SKOLY JR DMD	TRUSTEE	2.00	Director	$0	$0	$0
SUZANNE M BESNIA ESQ	TRUSTEE	2.00	Director	$0	$0	$0
VIRGINIA RENTKO	TRUSTEE	2.00	Director	$0	$0	$0
CANDACE A RACE	CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
FR CHI AI NGUYEN	VICE CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
GREGORY WEINER	PRESIDENT	40.00	Officer	$443,422	$100,429	$543,851
PETER WELLS	VP FINANCE & ADMIN (THRU 10/28/24)	40.00	Officer	$301,217	$45,319	$346,536
MARC GUERRA	PROVOST	40.00	Officer	$228,295	$50,787	$279,082
CHRISTINA GRAZIANO	SECRETARY TO THE BOARD	40.00	Officer	$253,910	$11,790	$265,700
E JANE CLAPP	CFO/VP OF FIN. & ADM. (AS OF 1/2/25)	40.00	Officer	$0	$0	$0
MARISA GREGG	CMO & COMM. OFFICER (AS OF 7/1/24)	40.00	Officer	$98,660	$0	$98,660
WILLIAM BOFFI	VP ENROLLMENT	40.00	Key Emp	$252,907	$48,500	$301,407
CONWAY CAMPBELL	VP STUDENT SUCCESS	40.00	Key Emp	$156,337	$49,269	$205,606
JILL ABRAHAMS	VP INST. ADVANCEMENT (THRU 8/25/24)	40.00	Key Emp	$179,578	$15,774	$195,352
JOHN WHITE	INTERIM VP FOR INST. ADVANCEMENT	40.00	Key Emp	$151,881	$30,995	$182,876
PATRICK CULLEN	DEAN	40.00	Highest	$214,021	$46,959	$260,980
RAYMOND ALBERT	DIRECTOR OF CYBERSECURITY	40.00	Highest	$216,347	$29,520	$245,867
CHRISTOPHER FERREIRA	DEAN	40.00	Highest	$174,719	$41,164	$215,883
KIMBERLY SCHANDEL	DEAN	40.00	Highest	$159,207	$24,814	$184,021
WENDY BUJA	ASSOC. PROGRAM DIRECTOR PA	40.00	Highest	$143,113	$37,576	$180,689

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	$129,112,574	$137,584,883	$234,617,862	$-8,472,309
2024	$127,143,548	$129,299,078	$239,289,169	$-2,155,530
2023	$116,907,832	$121,995,531	$237,826,109	$-5,087,699
2022	$139,781,957	$125,845,887	$249,199,201	$13,936,070
2021	$147,045,190	$121,097,485	$264,318,471	$25,947,705
2019	$112,143,434	$112,778,851	$233,637,868	$-635,417
2018	$112,815,180	$109,217,253	$241,185,742	$3,597,927