WESTERN NEW ENGLAND UNIVERSITY (EIN 042108376) - 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

1951

Legal Domicile

Principal Officer

ROBERT JOHNSON

Phone

4137821234

Tax Period

2024-07-01 to 2025-06-30

WESTERN NEW ENGLAND UNIVERSITY, founded in 1951, is a major nonprofit in the Education sector that reported $194.0M in total revenue in fiscal year 2024.

Mission

THE PRESIDENT'S EMPLOYMENT CONTRACT INCLUDES A HOUSING ALLOWANCE. WHICH IS INCLUDED AS TAXABLE COMPENSATION. THE PRESIDENT MAY ALSO RECEIVE MEMBERSHIPS TO APPROPRIATE ORGANIZATIONS FOR THE BENEFIT OF THE UNIVERSITY. REIMBURSEMENT OR PAYMENT OF MEMBERSHIPS ARE HANDLED IN ACCORDANCE WITH UNVIERSITY POLICIES AND PROCEDURES. THE PRESIDENT'S EMPLOYMENT CONTRACT ALSO INCLUDES A VEHICLE ALLOWANCE. THE VALUE OF THE VEHICLE ALLOWANCE IS INCLUDED IN THE PRESIDENT'S W-2 WAGES. THE PRESIDENT IS ELIGIBLE TO PARTICIPATE IN ALL STANDARD UNIVERSITY BENEFIT PLANS AS WELL AS ANY OTHER SUPPLEMENTAL BENEFIT PLANS OUTLINED IN HIS CONTRACT.

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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 $3,874,323

Program Service Revenue $182,225,635

Investment Income $6,058,231

Other Revenue $1,832,574

TOTAL REVENUE $193,990,763

Expense Breakdown

Grants Paid $82,685,981

Salaries & Benefits $75,467,577

Fundraising Expenses $1,637,244

Program Expenses $180,828,262

Other Expenses $44,976,851

TOTAL EXPENSES $203,130,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,990,763	$181,681,554	+0.1%
Expenses	$203,130,409	$188,395,525	+0.1%
Net Income	$-9,139,646	$-6,713,971	+0.4%

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

2057

Volunteers

1079

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

$1,311,455

Total Directors

$783,852

Key Employees

$383,830

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROBERT E JOHNSON	PRESIDENT	40.00	Officer Director	$710,290	$73,562	$783,852
LYNN W AGATA	TRUSTEE	1.00	Director	$0	$0	$0
CARMEL A CARMAGNA	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD M CASSATA	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER M CORL	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN S DELBRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE FULLER DOHERTY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
DENIS G GAGNON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL T GAINES	TRUSTEE (UNTIL 1/1/25)	1.00	Director	$0	$0	$0
ELENA M GERVINO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTOPHER A KIELB	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN P KITROSSER	TRUSTEE	1.00	Director	$0	$0	$0
STANLEY KOWALSKI III	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS LAPIER	CHAIRMAN (UNTIL 6/19/25)	1.00	Officer Director	$0	$0	$0
AMY B LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MATHIEU	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND P MCCARTHY	TRUSTEE (UNTIL 4/28/25)	1.00	Director	$0	$0	$0
KENNETH M RICKSON	TRUSTEE	1.00	Director	$0	$0	$0
JODIE G ROURE	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH K SAREMI	TRUSTEE	1.00	Director	$0	$0	$0
PETER C STEINGRABER	TRUSTEE	1.00	Director	$0	$0	$0
GARY F THOMAS	TREASURER	1.00	Director	$0	$0	$0
STEVEN J TREMBLAY	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN A WHITE	TRUSTEE	1.00	Director	$0	$0	$0
JANET BULLARD	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY RANDLE	TRUSTEE	1.00	Director	$0	$0	$0
BASIL A STEWART	VP FOR FINANCE AND ADMINISTRATION	40.00	Officer	$493,610	$33,993	$527,603
DR ASAKO M TOYODA	SENIOR VP FOR ACADEMIC AFFAIRS	40.00	Key Emp	$342,307	$41,523	$383,830
DR ZELDA HARRIS	DEAN, SCHOOL OF LAW	40.00	Highest	$283,711	$41,857	$325,568
DEAN HICKEY	VICE PRESIDENT FOR ADVANCEMENT	40.00	Highest	$277,531	$37,535	$315,066
DR SHARIANNE WALKER	DEAN, COLLEGE OF BUSINESS	40.00	Highest	$247,937	$23,912	$271,849
DR S HOSSEIN CHERAGHI	DEAN, COLLEGE OF ENGINEERING	40.00	Highest	$245,481	$36,104	$281,585
DR LINDA E JONES	PROFESSOR OF MATERIALS SCI AND ENG	40.00	Highest	$242,805	$25,721	$268,526

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	$193,990,763	$203,130,409	$250,547,009	$-9,139,646
2024	No data	No data	No data	No data
2023	$169,825,648	$171,778,860	$259,519,169	$-1,953,212
2022	$173,338,246	$170,130,203	$259,613,944	$3,208,043
2021	$163,190,800	$160,820,454	$275,995,045	$2,370,346
2020	$161,359,898	$160,251,604	$250,629,088	$1,108,294
2019	$159,955,092	$156,551,417	$252,693,333	$3,403,675
2018	$159,013,297	$157,802,560	$250,964,674	$1,210,737

WESTERN NEW ENGLAND UNIVERSITY