HULT INTERNATIONAL BUSINESS SCHOOL… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

MARCUS FRIBERG

Phone

6177461990

Tax Period

2024-08-01 to 2025-07-31

HULT INTERNATIONAL BUSINESS SCHOOL INC, founded in 1996, is a major nonprofit in the Education sector that reported $217.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

HULT INTERNATIONAL BUSINESS SCHOOL IS A GLOBAL INSTITUTION THAT TRANSFORMS LIVES BY PROVIDING AN EXCEPTIONALLY VALUABLE AND ENDURING EDUCATION THAT BRINGS TOGETHER PEOPLE, CULTURES, AND IDEAS FROM ALL AROUND THE WORLD. THE SCHOOL ENCOURAGES PERSONAL GROWTH, INTELLECTUAL INTEGRITY, GLOBAL SENSITIVITY, LOCAL ENGAGEMENT, AND CIVIC VALUES, SO THAT STUDENTS ARE ABLE TO FLOURISH IN THE GLOBAL ECONOMY AND ARE EMPOWERED TO CONTRIBUTE MEANINGFULLY TO THEIR BUSINESS AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $192,790,282 Revenue: $214,183,943

THE SCHOOL OFFERS ONE YEAR MASTERS PROGRAMS IN BUSINESS ADMINISTRATION, FINANCE, INTERNATIONAL BUSINESS AND INTERNATIONAL MARKETING, AS WELL AS A BACHELORS PROGRAM IN BUSINESS ADMINISTRATION, TO A...

THE SCHOOL OFFERS ONE YEAR MASTERS PROGRAMS IN BUSINESS ADMINISTRATION, FINANCE, INTERNATIONAL BUSINESS AND INTERNATIONAL MARKETING, AS WELL AS A BACHELORS PROGRAM IN BUSINESS ADMINISTRATION, TO A BROADLY-BASED INTERNATIONAL STUDENT BODY. THE SCHOOL HAS CAMPUS LOCATIONS IN CAMBRIDGE, MASSACHUSETTS, AND SAN FRANCISCO, CALIFORNIA, AND ALSO SERVICES STUDENTS IN LONDON, UNITED KINGDOM AND DUBAI, UNITED ARAB EMIRATES. DURING THE 2025 ACADEMIC YEAR, THE SCHOOL HAD APPROXIMATELY 3,700 STUDENTS ENROLLED IN ALL PROGRAMS.

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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 $1,689,453

Program Service Revenue $214,183,943

Investment Income $1,812,448

Other Revenue $0

TOTAL REVENUE $217,685,844

Expense Breakdown

Grants Paid $64,806,582

Salaries & Benefits $29,170,416

Fundraising Expenses $0

Program Expenses $192,790,282

Other Expenses $121,085,356

TOTAL EXPENSES $215,062,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,685,844	$193,212,427	+0.1%
Expenses	$215,062,354	$190,208,579	+0.1%
Net Income	$2,623,490	$3,003,848	-0.1%

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

488

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

$806,634

Total Directors

$312,940

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT LILLEY	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$312,940	$312,940
JOAKIM BANESTIG	TREASURER	2.00	Officer	$0	$273,823	$273,823
MARCUS FRIBERG	CLERK / VP OF FINANCE	40.00	Officer	$207,495	$12,376	$219,871
NICHOLAS BARBER	DIRECTOR	2.00	Director	$0	$0	$0
ASA RANGNE BLENDOW	DIRECTOR	2.00	Director	$0	$0	$0
DR CRAIG BURNS	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP HULT	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER JEDREY	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA QUINTAVALLE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTER SERENHOV	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SINTROS ESQ	DIRECTOR	2.00	Director	$0	$0	$0
MANPREET DHILLON	PROVOST & EXECUTIVE VICE PRESIDENT	40.00	Highest	$398,937	$7,653	$406,590
MATTHEW FISHER	FACULTY	40.00	Highest	$317,228	$19,822	$337,050
STEPHEN WYNN	EXECUTIVE DIRECTOR OF RECRUITMENT	40.00	Highest	$296,442	$28,923	$325,365
FREDERIC CHARTIER	DEAN- POST GRAD	40.00	Highest	$295,683	$14,821	$310,504
BUM CHAN AHN	FACULTY	40.00	Highest	$275,913	$23,220	$299,133

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	$217,685,844	$215,062,354	$118,087,489	$2,623,490
2024	$193,212,427	$190,208,579	$116,539,427	$3,003,848
2023	$191,323,514	$200,171,496	$135,263,308	$-8,847,982
2022	$179,137,520	$181,717,123	$109,525,506	$-2,579,603
2020	$158,890,683	$143,274,325	$97,882,861	$15,616,358
2019	$120,824,712	$129,246,846	$94,821,929	$-8,422,134
2018	$99,151,816	$96,319,781	$69,321,507	$2,832,035

HULT INTERNATIONAL BUSINESS SCHOOL INC