JOHNSON & WALES UNIVERSITY

EIN: 050306206 501(c)(3) Education

PROVIDENCE, RI

Total Revenue
$342,378,728
Total Expenses
$373,438,799
Total Assets
$773,639,499
Net Assets
$683,829,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
RI
Principal Officer
MINNIE L RUNEY
Phone
4015981900
Tax Period
2024-07-01 to 2025-06-30

JOHNSON & WALES UNIVERSITY, founded in 1914, is a major nonprofit in the Education sector that reported $342.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

EDUCATIONAL ACTIVITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,445,783
Program Service Revenue $303,719,382
Investment Income $29,740,084
Other Revenue $4,473,479
TOTAL REVENUE $342,378,728

Expense Breakdown

Grants Paid $120,399,305
Salaries & Benefits $154,597,004
Fundraising Expenses $3,290,637
Program Expenses $338,666,746
Other Expenses $97,805,159
TOTAL EXPENSES $373,438,799

Year-over-Year Comparison

2024 2023 Change
Revenue $342,378,728 $313,303,648 +0.1%
Expenses $373,438,799 $355,758,771 +0.0%
Net Income $-31,060,071 $-42,455,123 -0.3%
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

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Governance

Voting Members
10
Independent Members
9
Employees
3353
Volunteers
27

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
4
$1,851,824
Total Directors
15
$926,935
Key Employees
10
$3,186,400
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 45.00
Officer Director
$865,364 $61,571 $926,935
MARIBETH N BISIENERE TRUSTEE 1.00
Director
$0 $0 $0
LIONEL E LAROCHELLE II TRUSTEE 1.00
Director
$0 $0 $0
PHILIP S RENAUD TRUSTEE (THRU 11/21/24) 1.00
Director
$0 $0 $0
MERRILL W SHERMAN TRUSTEE (THRU 6/24/25) 1.00
Director
$0 $0 $0
CLAY A SNYDER TRUSTEE 1.00
Director
$0 $0 $0
JOHN E TAYLOR JR TRUSTEE 1.00
Director
$0 $0 $0
D CHIP WADE TRUSTEE (THRU 6/24/25) 1.00
Director
$0 $0 $0
LORENA M GARCIA TRUSTEE 1.00
Director
$0 $0 $0
ROBERT J PALLESCHI TRUSTEE 1.00
Director
$0 $0 $0
SHIVAN S SUBRAMANIAM TRUSTEE 1.00
Director
$0 $0 $0
MTERESA PAIVA WEED TRUSTEE (THRU 7/25/24) 1.00
Director
$0 $0 $0
MARIA DUCHARME TRUSTEE (THRU 6/24/25) 1.00
Director
$0 $0 $0
JOYE D BLOUNT TRUSTEE (AS OF 6/24/25) 1.00
Director
$0 $0 $0
ADI DHANDHANIA TRUSTEE (AS OF 3/27/25) 1.00
Director
$0 $0 $0
JOSEPH J GREENE JR VICE CHANCELLOR 45.00
Officer
$424,569 $68,275 $492,844
DANIELLE H RAPOSA TREASURER & CFO 45.00
Officer
$200,040 $57,547 $257,587
EMILY GILCREAST UNIVERSITY SECRETARY 45.00
Officer
$146,944 $27,514 $174,458
MARIE F BERNARDO-SOUSA PRESIDENT PROVIDENCE CAMPUS 45.00
Key Emp
$312,993 $58,870 $371,863
RICHARD G MATHIEU PRESIDENT CHARLOTTE CAMPUS 45.00
Key Emp
$286,848 $55,754 $342,602
DIANE H D'AMBRA VP OF HUMAN SERVICES 45.00
Key Emp
$281,871 $65,185 $347,056
RICHARD A WISCOTT PROVOST 45.00
Key Emp
$365,935 $65,870 $431,805
LUBA SHUR GENERAL COUNSEL, VP 45.00
Key Emp
$338,327 $68,742 $407,069
AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 45.00
Key Emp
$217,881 $53,203 $271,084
JASON W WITHAM VP REAL ESTATE & FACILITY PLANNING 45.00
Key Emp
$203,165 $53,995 $257,160
DAVID A SOUZA VP INFORMATION TECHNOLOGY 45.00
Key Emp
$208,278 $55,963 $264,241
MATTHEW C MONTGOMERY VP MARKETING & COMMUNICATION 45.00
Key Emp
$177,520 $13,916 $191,436
MEREDITH TWOMBLY VP UNDERGRAD ENROLLMENT MANAGEMENT 45.00
Key Emp
$277,325 $24,759 $302,084
JASON R EVANS DEAN OF CFIT 45.00
Highest
$213,914 $34,680 $248,594
JENNIFER A GALIPEAU INTERIM DEAN & ASSOCIATE PROFESSOR 45.00
Highest
$223,034 $53,338 $276,372
MARY J MEIXELL DEAN OF COLLEGE OF BUSINESS 45.00
Highest
$251,612 $59,898 $311,510
MAURA C IVERSEN DEAN OF COLLEGE OF HEALTH & WELLNESS 45.00
Highest
$268,018 $20,653 $288,671
MELANIE V TUCKER VP STUDENT AFFAIRS 45.00
Highest
$232,289 $45,566 $277,855
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 $342,378,728 $373,438,799 $773,639,499 $-31,060,071
2024 No data No data No data No data
2023 $342,582,611 $334,312,690 $800,637,428 $8,269,921
2022 $366,413,764 $346,099,664 $812,364,766 $20,314,100
2021 $342,317,164 $400,743,196 $851,530,357 $-58,426,032
2020 $403,272,641 $428,911,004 $913,541,997 $-25,638,363
2019 $437,890,524 $452,911,176 $951,970,711 $-15,020,652
2018 $477,248,837 $476,841,624 $973,914,431 $407,213
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