SUFFOLK UNIVERSITY (EIN 042133255) - 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

1914

Legal Domicile

Principal Officer

MARISA KELLY

Phone

6175738400

Tax Period

2024-07-01 to 2025-06-30

SUFFOLK UNIVERSITY, founded in 1914, is a major nonprofit in the Education sector that reported $358.6M in total revenue in fiscal year 2024.

Mission

THE UNIVERSITY PAYS FOR CERTAIN TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE, ONLY WHEN THAT TRAVEL IS PRIMARILY FOR BONA FIDE BUSINESS PURPOSES OF THE UNIVERSITY. TRAVEL EXPENSES FOR THE PRESIDENT AND HER SPOUSE ARE APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE HOUSING ALLOWANCE WAS RECEIVED BY THE UNIVERSITY'S PRESIDENT AND IS INCLUDED IN HER TAXABLE WAGES. SOCIAL CLUB DUES WERE PAID BY THE UNIVERSITY ON BEHALF OF AN OFFICER. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB IS USED TO CONDUCT UNIVERSITY BUSINESS.

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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 $13,857,079

Program Service Revenue $328,946,895

Investment Income $7,809,960

Other Revenue $8,035,356

TOTAL REVENUE $358,649,290

Expense Breakdown

Grants Paid $132,611,373

Salaries & Benefits $146,234,231

Fundraising Expenses $2,883,912

Program Expenses $328,527,835

Other Expenses $107,611,605

TOTAL EXPENSES $386,457,209

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,649,290	$352,261,784	+0.0%
Expenses	$386,457,209	$388,413,222	0.0%
Net Income	$-27,807,919	$-36,151,438	-0.2%

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

3334

Volunteers

701

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

$2,200,841

Total Directors

$964,487

Key Employees

$3,266,444

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISA KELLY	PRESIDENT, EX-OFFICIO TRUSTEE	50.00	Officer Director	$888,855	$75,632	$964,487
ROBERT C LAMB JR	TRUSTEE/CHAIR	1.00	Director	$0	$0	$0
TAMELA BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
DANNY BEST	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK COEHLO	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CONNELLY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH DELISI	TRUSTEE	1.00	Director	$0	$0	$0
MARIA DIPIETRO	TRUSTEE	1.00	Director	$0	$0	$0
DARREN DONOVAN	TRUSTEE (UNTIL 2/4/2025)	1.00	Director	$0	$0	$0
JEFFREY DRAGO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE GARVEY	TRUSTEE	1.00	Director	$0	$0	$0
ERNST GUERRIER	TRUSTEE	1.00	Director	$0	$0	$0
HIND HABBACH	TRUSTEE (UNTIL 6/13/2025)	1.00	Director	$0	$0	$0
MICHAEL JAMES	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK JORDAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBYN LAUKIEN	TRUSTEE	1.00	Director	$0	$0	$0
KONSTANTINOS LIGRIS	TRUSTEE	1.00	Director	$0	$0	$0
MANUEL LOPES	TRUSTEE	1.00	Director	$0	$0	$0
JANE MANCINI	TRUSTEE	1.00	Director	$0	$0	$0
STACY MILLS	TRUSTEE	1.00	Director	$0	$0	$0
THE HONORABLE AMY NECHTEM	TRUSTEE/VICE CHAIR (UNTIL 6/13/25)	1.00	Director	$0	$0	$0
SUSAN RUGNETTA	TRUSTEE (UNTIL 6/13/25)	1.00	Director	$0	$0	$0
DOROTHY SAVARESE	TRUSTEE/VICE CHAIR (EFF. 6/13/25)	1.00	Director	$0	$0	$0
MARIE-LOUISE SKAFTE	TRUSTEE/SECRETARY	1.00	Director	$0	$0	$0
LARRY SMITH	TRUSTEE (UNTIL 10/15/24)	1.00	Director	$0	$0	$0
JOSEPH SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
MARK SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH TAUBES	TRUSTEE	1.00	Director	$0	$0	$0
BRAYDEN VARR	TRUSTEE	1.00	Director	$0	$0	$0
CAROL SAWYER PARKS	LIFE TRUSTEE	1.00	Director	$0	$0	$0
DONNA GRAND PRE	SVP/ENROLLMENT	50.00	Officer	$284,456	$64,516	$348,972
JOHN NUCCI	SVP/GOV'T & COMMUNITY AFFAIRS	50.00	Officer	$268,726	$23,677	$292,403
MICHELLE QUINLAN	CFO/TREASURER (UNITL FEB. 2025)	50.00	Officer	$341,163	$68,727	$409,890
RICK OCHES	PROVOST (AS OF 8/1/24)	50.00	Officer	$164,557	$20,532	$185,089
BARBARA MATEZ	CFO/TREASURER (AS OF FEB. 2025)	50.00	Officer	$0	$0	$0
ANDREW PERLMAN	DEAN, LAW SCHOOL	50.00	Key Emp	$455,318	$82,813	$538,131
AMY ZENG	DEAN, SAWYER BUSINESS SCHOOL	50.00	Key Emp	$394,258	$47,123	$441,381
THOMAS DORER	GENERAL COUNSEL	50.00	Key Emp	$319,994	$79,655	$399,649
GREGOR GATLIN	VP/MARKETING & COMMUNICATION	50.00	Key Emp	$312,125	$70,211	$382,336
BORIS LAZIC	VP OF ADMINISTRATION	50.00	Key Emp	$346,438	$33,088	$379,526
LAURA FERRARI	VP OF STUDENT AFFAIRS	50.00	Key Emp	$279,107	$59,609	$338,716
EDIE SPARKS	DEAN, COLLEGE ARTS AND SCIENCE	50.00	Key Emp	$306,371	$54,601	$360,972
KARIN KLIMM	VP OF ADVANCEMENT	50.00	Key Emp	$347,745	$77,988	$425,733
CHRISTOPHER GIBSON	PROFESSOR	50.00	Highest	$221,821	$55,366	$277,187
PATRICK SHIN	VICE DEAN, LAW SCHOOL	50.00	Highest	$229,586	$33,989	$263,575
ABU JALAL	PROFESSOR	50.00	Highest	$235,370	$60,261	$295,631
KATHY VINSON	PROFESSOR	50.00	Highest	$221,571	$18,513	$240,084
STEVEN FERREY	PROFESSOR	50.00	Highest	$223,274	$62,201	$285,475
JULIE SANDELL	FORMER PROVOST	50.00		$315,139	$27,491	$342,630

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	$358,649,290	$386,457,209	$891,512,276	$-27,807,919
2024	No data	No data	No data	No data
2023	$338,957,398	$370,498,553	$789,643,941	$-31,541,155
2022	$381,571,833	$340,041,813	$797,236,174	$41,530,020
2021	$328,281,555	$335,040,526	$875,177,190	$-6,758,971
2020	$330,486,660	$339,198,652	$761,945,804	$-8,711,992
2019	$330,144,580	$329,680,423	$710,224,267	$464,157
2018	$316,114,604	$301,497,986	$719,297,237	$14,616,618

SUFFOLK UNIVERSITY