UNIVERSITY OF HARTFORD

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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

1957

Legal Domicile

Principal Officer

STEPHEN MULREADY

Phone

8607685691

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF HARTFORD, founded in 1957, is a major nonprofit in the Education sector that reported $269.3M in total revenue in fiscal year 2022.

Mission

DEDICATED TO LEARNING, PERSONAL GROWTH, KNOWLEDGE CREATION, AND THE BETTERMENT OF SOCIETY. THE UNIVERSITY ENGAGES STUDENTS IN AQUIRING THE KNOWLEDGE, SKILLS, AND VALUES NECESSARY TO THRIVE IN AND CONTRIBUTE TO A PLURALISTIC, COMPLEX WORLD.

Program Service Accomplishments

Program 1

Expenses: $248,747,106 Revenue: $242,333,316

THE UNIVERSITY OF HARTFORD IS AN INDEPENDENT, CO-EDUCATIONAL, NON-SECTARIAN INSTITUTION THAT CURRENTLY ENROLLS APPROXIMATELY 5,916 FULL AND PART-TIME STUDENTS THAT REPRESENT 48 US STATES AND 53...

THE UNIVERSITY OF HARTFORD IS AN INDEPENDENT, CO-EDUCATIONAL, NON-SECTARIAN INSTITUTION THAT CURRENTLY ENROLLS APPROXIMATELY 5,916 FULL AND PART-TIME STUDENTS THAT REPRESENT 48 US STATES AND 53 FOREIGN COUNTRIES. THE UNIVERSITY PROVIDES INSTRUCTION THROUGH SEVEN SCHOOLS, OFFERING 8 ASSOCIATE DEGREE PROGRAMS, 86 UNDERGRADUATE MAJORS, 47 GRADUATE-LEVEL DEGREE PROGRAMS, AND 6 DOCTORATE DEGREES, AS WELL AS SEVERAL UNDERGRADUATE AND GRADUATE CERTIFICATES AND DIPLOMAS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,709,437

Program Service Revenue $242,333,316

Investment Income $8,065,673

Other Revenue $5,237,579

TOTAL REVENUE $269,346,005

Expense Breakdown

Grants Paid $103,015,000

Salaries & Benefits $101,429,158

Fundraising Expenses $3,783,659

Program Expenses $248,747,106

Other Expenses $87,090,710

TOTAL EXPENSES $291,534,868

Year-over-Year Comparison

	2022	2021	Change
Revenue	$269,346,005	$269,996,710	0.0%
Expenses	$291,534,868	$290,030,612	+0.0%
Net Income	$-22,188,863	$-20,033,902	+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

3047

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

$2,389,089

Total Directors

$1,015,599

Key Employees

$2,408,791

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY WOODWARD	PRESIDENT	40.00	Officer Director	$563,877	$131,953	$695,830
JEROME KATRICHIS	FACULTY REGENT	40.00	Director	$133,435	$28,442	$161,877
NATALIE POLITIKOS	FACULTY REGENT	40.00	Director	$119,975	$37,917	$157,892
DONALD ALLAN	REGENT - CHAIR	2.00	Director	$0	$0	$0
TANYA TAUPIER	REGENT - VICE CHAIR	2.00	Director	$0	$0	$0
PETER TEDONE	REGENT - VICE CHAIR	2.00	Director	$0	$0	$0
DAVID THOMPSON	REGENT - VICE CHAIR	2.00	Director	$0	$0	$0
KATHLEEN BEHRENS	REGENT	2.00	Director	$0	$0	$0
MARCY CAMPBELL	REGENT	2.00	Director	$0	$0	$0
MICHAEL DAGLIO	REGENT	2.00	Director	$0	$0	$0
MARGARET PEARL DOUGLAS	REGENT	2.00	Director	$0	$0	$0
NICHOLAS GALLUCCIO	REGENT	2.00	Director	$0	$0	$0
KENNETH GLUECK	REGENT	2.00	Director	$0	$0	$0
DAVID GORDON	REGENT	2.00	Director	$0	$0	$0
KEVIN GRANT	REGENT	2.00	Director	$0	$0	$0
RYAN SPEEDO GREEN	REGENT	2.00	Director	$0	$0	$0
RANDY JACOBS	REGENT	2.00	Director	$0	$0	$0
MARTIN JOHN	REGENT	2.00	Director	$0	$0	$0
MICHELLE KING	REGENT	2.00	Director	$0	$0	$0
DEBORAH KOLTENUK	REGENT	2.00	Director	$0	$0	$0
MARK LIEB	REGENT	2.00	Director	$0	$0	$0
GLENN MESSEMER	REGENT	2.00	Director	$0	$0	$0
CHARLES PAGANO	REGENT	2.00	Director	$0	$0	$0
ESTHER PRYOR	REGENT	2.00	Director	$0	$0	$0
LINDA SHANLEY	REGENT	2.00	Director	$0	$0	$0
PAUL SITTARD	REGENT	2.00	Director	$0	$0	$0
JEFFREY SHOHAM	REGENT (UNTIL 06/23)	2.00	Director	$0	$0	$0
DEVERELL SMITH	REGENT	2.00	Director	$0	$0	$0
JOSEPH SYLVESTRO	REGENT	2.00	Director	$0	$0	$0
ORIN WOLF	REGENT	2.00	Director	$0	$0	$0
BRIAN SMITH	REGENT	2.00	Director	$0	$0	$0
MARK BOXER	COO (UNTIL 04/2023)	40.00	Officer	$440,099	$54,741	$494,840
LAURA WHITNEY	CFO (UNTIL 07/2022)	40.00	Officer	$282,546	$22,370	$304,916
KATHRYN PENDERGAST	VP DEVELOPMENT	40.00	Officer	$274,330	$37,226	$311,556
MOLLY POLK	VP MARKETING & COMM	40.00	Officer	$270,587	$26,961	$297,548
AARON ISAACS	DEAN OF STUDENTS	40.00	Officer	$258,563	$25,836	$284,399
JAMIE SKOWYRA	VP OF FINANCE AND CFO (AS OF 02/23)	40.00	Officer	$0	$0	$0
KATE DION	SECRETARY	2.00	Officer	$0	$0	$0
STEPHEN M MULREADY	DEAN BARNEY	40.00	Key Emp	$313,648	$0	$313,648
SHARON BEVERLY	VP ATHLETICS & RECREATION	40.00	Key Emp	$307,607	$22,800	$330,407
HISHAM ALNAJJAR	DEAN CETA	40.00	Key Emp	$248,603	$22,669	$271,272
DATE MERRILL	DEAN HARTT SCHOOL	40.00	Key Emp	$239,191	$35,750	$274,941
CESARINA THOMPSON	DEAN ENHP	40.00	Key Emp	$234,497	$21,476	$255,973
KATHERINE BLACK	DEAN A&S	40.00	Key Emp	$230,405	$52,103	$282,508
NANCY STUART	DEAN ART SCHOOL	40.00	Key Emp	$191,319	$46,466	$237,785
DAVID GOLDENBERG	DEAN HILLYER	40.00	Key Emp	$190,677	$50,596	$241,273
H FREDERICK SWEITZER	PROVOST	40.00	Key Emp	$164,983	$36,001	$200,984
SEBASTIAN SORRENTINO	VP OF OPERATIONS	40.00	Highest	$171,709	$29,551	$201,260
JOHN GALLAGHER	MEN'S BASKETBALL COACH	40.00	Highest	$297,992	$53,752	$351,744
RAYMOND MCGIVNEY	AVP, GRADUATE & PROFESSIONAL STUDIES	40.00	Highest	$218,129	$53,637	$271,766
CARMEN COTEI	PROFESSOR	40.00	Highest	$200,664	$19,271	$219,935
CHRISTOPHER DUPUIS	AVP CAPITAL PLANNING & MANAGEMENT	40.00	Highest	$176,579	$42,608	$219,187

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$269,346,005	$291,534,868	$426,310,606	$-22,188,863
2022	$269,996,710	$290,030,612	$412,314,341	$-20,033,902
2021	$291,863,480	$282,197,243	$471,525,353	$9,666,237
2020	$278,735,300	$279,690,217	$419,406,133	$-954,917
2019	$277,802,338	$280,651,309	$365,331,585	$-2,848,971
2018	$275,809,987	$272,444,823	$371,140,146	$3,365,164