FAIRFIELD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fairfield University, founded in 1942, is a major nonprofit in the Education sector that reported $489.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $432.4M left a modest 12% surplus.
TO ESTABLISH, ORGANIZE, MAINTAIN AND CONDUCT AN INSTITUTION FOR INTERMEDIATE, SECONDARY, UNDERGRADUATE AND GRADUATE EDUCATION IN THE STATE OF CONNECTICUT, AND TO PERFORM SUCH OTHER WORKS OF EDUCATION, CHARITY AND RELIGION. A FAIRFIELD UNIVERSITY EDUCATION HAS BECOME MORE INTEGRATED IN FOCUS, MORE GLOBAL IN OUTLOOK, AND MORE INTENTIONAL IN ITS STRUCTURE THAN EVER BEFORE IN THE JESUIT TRADITION. WE ARE COMMITTED TO CREATING A STUDENT-FOCUSED, HOLISTIC, AND DIVERSE EDUCATIONAL ENVIRONMENT INTENDED TO EDUCATE THE WHOLE PERSON, MIND, BODY AND SPIRIT. WE WANT TO CULTIVATE IN BOTH OUR UNDERGRADUATE AND GRADUATE STUDENTS A SENSE OF COMMUNITY AND STRONG ETHICAL AND SPIRITUAL VALUES TO GUIDE THEM ON THEIR PATHS INTO THE FUTURE.
HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND...
HIGHER LEARNING: FAIRFIELD UNIVERSITY IS AN INSTITUTE OF HIGHER LEARNING WITH UNDERGRADUATE, GRADUATE, DOCTORATE AND CONTINUING EDUCATION ACADEMIC PROGRAMS INCLUDING STUDENTS RESIDING ON CAMPUS AND INCLUDES A COLLEGE PREPARATORY SCHOOL. SEE SCHEDULE O.
AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,743 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT...
AUXILIARY SERVICES: AUXILIARY SERVICES INCLUDE THE COSTS OF ROOM AND BOARD FOR APPROXIMATELY 3,743 FULL-TIME UNDERGRADUATE STUDENTS LIVING ON CAMPUS IN RESIDENCE HALLS, TOWNHOUSES, AND APARTMENT COMPLEXES RESIDING ON A 200 ACRE CAMPUS. GRADUATE STUDENT HOUSING IS ALSO OFFERED IN INDEPENDENT OFF-CAMPUS HOUSES, AND IN APARTMENT STYLE RESIDENCE HALLS.
OTHER ACTIVITIES: A VARIETY OF STUDENT SERVICES INCLUDING ARTS AND ENTERTAINMENT AT THE QUICK CENTER, STUDENT ACTIVITIES FOR CLUB SPORTS, AND OTHER ITEMS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $489,308,458 | $424,528,036 | +0.2% |
| Expenses | $432,418,916 | $384,746,576 | +0.1% |
| Net Income | $56,889,542 | $39,781,460 | +0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARK R NEMEC PHD | PRESIDENT | 45.0 |
Officer
Director
|
$825,357 | $134,563 | $959,920 |
| ANDREW J McMAHON | TRUSTEE (AS OF 7-1-2023) | 5.0 |
Director
|
$0 | $0 | $0 |
| BRIAN P HULL | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER C DESMARAIS | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER C QUICK | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| CLINTON A LEWIS JR | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DAGAN T KASAVANA | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DOUGLAS W HAMMOND | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| ELNER L MORRELL | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| GAVIN G O'CONNOR | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| HUGH DAVIS | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| JOHN C MEDITZ | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| JORGE A CHILUISA | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| KEVIN P CANNON | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| LISA M FERRARO | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| MARY RYAN CUNNINGHAM | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| MAUREEN ERRITY BUJNO | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| NANCY A ALTOBELLO | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| PATRICIA E GLASSFORD | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| PHILLIP J NEUGEBAUER | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| REV CHRISTOPHER J DEVRON SJ | TRUSTEE (AS OF 7-1-2023) | 5.0 |
Director
|
$0 | $0 | $0 |
| REV GREGORY A KALSCHEUR SJ | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| REV GREGORY M GOETHALS SJ | TRUSTEE (AS OF 7-1-2023) | 1.0 |
Director
|
$0 | $0 | $0 |
| REV JOHN P MULREANY SJ | TRUSTEE (AS OF 7-1-2023) | 1.0 |
Director
|
$0 | $0 | $0 |
| REV MARIO M POWELL SJ | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| ROBERT J MURPHY JR | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| ROSELLEN WALSH SCHNURR | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| SHEILA KEARNEY DAVIDSON | TRUSTEE | 5.0 |
Director
|
$0 | $0 | $0 |
| SHELAGH MAHONEY-MCNAMEE | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| STEPHEN M LESSING | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| THOMAS J FANNING SR | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| KRISTINE CARROLL | SECRETARY | 45.0 |
Officer
|
$76,248 | $61,957 | $138,205 |
| MICHAEL TRAFECANTE | VP FOR FINANCE, CFO & TREASURER | 45.0 |
Officer
|
$363,130 | $153,914 | $517,044 |
| CHRISTINE SIEGEL | PROVOST & SR VP ACADEMICS | 45.0 |
Key Emp
|
$508,514 | $82,320 | $590,834 |
| DAVID FRASSINELLI | VP OF FACILITIES, CAMPUS & AUXILIARY SERVICES | 45.0 |
Key Emp
|
$289,294 | $60,970 | $350,264 |
| JOANNE WILLIAMS | SR VP FOR FINANCE & ADMIN | 45.0 |
Key Emp
|
$457,186 | $52,843 | $510,029 |
| RICHARD GREENWALD | DEAN, SCHOOL OF CAS | 45.0 |
Key Emp
|
$284,468 | $75,973 | $360,441 |
| JOHN YOUNG | HEAD MBB COACH (end 10-16-2023) | 45.0 |
Highest
|
$1,061,638 | $63,003 | $1,124,641 |
| LAURIE MCCARTHY | Dean, School of Edu and Human Development (end 5-31-2023) | 45.0 |
Highest
|
$459,504 | $10,599 | $470,103 |
| PAUL SCHLICKMANN | VP OF ATHLETICS | 45.0 |
Highest
|
$378,940 | $84,707 | $463,647 |
| WALTER HALAS | VP OF ADVANCEMENT | 45.0 |
Highest
|
$414,525 | $74,892 | $489,417 |
| ZHAN LI | DEAN, SCHOOL OF BUSINESS | 45.0 |
Highest
|
$462,668 | $49,897 | $512,565 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $489,308,458 | $432,418,916 | $1,209,670,431 | $56,889,542 |
| 2023 | $424,528,036 | $384,746,576 | $1,146,008,194 | $39,781,460 |
| 2022 | $415,893,981 | $354,416,581 | $1,095,002,497 | $61,477,400 |
| 2021 | $341,786,596 | $329,252,732 | $1,075,022,921 | $12,533,864 |
| 2020 | $361,744,489 | $316,245,749 | $941,659,821 | $45,498,740 |
| 2019 | $378,413,525 | $310,876,943 | $950,209,678 | $67,536,582 |
| 2018 | $304,017,992 | $303,186,987 | $929,863,545 | $831,005 |
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