SACRED HEART UNIVERSITY INCORPORATED (EIN 060776644) - 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

1963

Legal Domicile

Phone

2033968223

Tax Period

2023-07-01 to 2024-06-30

SACRED HEART UNIVERSITY INCORPORATED, founded in 1963, is a major nonprofit in the Education sector that reported $540.0M in total revenue in fiscal year 2023. Expenses of $459.1M left a modest 15% surplus.

Mission

THE UNIVERSITY IS A CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND DOCTORAL DEGREES, AS WELL AS CONTINUING EDUCATION IN A VARIETY OF DISCIPLINES, WITH A COMMITMENT TO LEADERSHIP IN CATHOLIC HIGHER EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,690,924

Program Service Revenue $501,559,365

Investment Income $18,918,100

Other Revenue $-198,203

TOTAL REVENUE $539,970,186

Expense Breakdown

Grants Paid $136,434,867

Salaries & Benefits $158,476,811

Fundraising Expenses $4,148,593

Program Expenses $408,865,291

Other Expenses $163,926,081

TOTAL EXPENSES $459,144,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$539,970,186	$509,040,952	+0.1%
Expenses	$459,144,809	$424,623,112	+0.1%
Net Income	$80,825,377	$84,417,840	0.0%

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

5867

Volunteers

150

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

$2,830,674

Total Directors

$1,476,595

Key Employees

$1,871,022

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher K McLeod LEFT 923	Treasurer	1.0	Officer Director	$0	$0	$0
Gary Levin	Vice Chairman	1.0	Officer Director	$0	$0	$0
John J Petillo PhD	President	35.0	Officer Director	$1,350,863	$125,732	$1,476,595
John Vazquez	CHAIRMAN	1.0	Officer Director	$0	$0	$0
Linda McMahon Start 923	Treasurer	1.0	Officer Director	$0	$0	$0
Susan Davis RN EDD FACHE	SECRETARY	1.0	Officer Director	$0	$0	$0
Cory Robinson	Trustee	1.0	Director	$0	$0	$0
Dominick Ferro	Trustee	1.0	Director	$0	$0	$0
Douglas Kennedy	Trustee	1.0	Director	$0	$0	$0
Eric Wood EdD	Trustee	1.0	Director	$0	$0	$0
Frank Martire	Trustee	1.0	Director	$0	$0	$0
James Morley Jr	Trustee	1.0	Director	$0	$0	$0
John Cofini	Trustee	1.0	Director	$0	$0	$0
Julie Bonacio	Trustee	1.0	Director	$0	$0	$0
Kathleen Boozang	Trustee	1.0	Director	$0	$0	$0
Keith McCullough	Trustee	1.0	Director	$0	$0	$0
Kenneth Siegel JD	Trustee	1.0	Director	$0	$0	$0
Madeline Serpico	Trustee	1.0	Director	$0	$0	$0
Mary-Ann Bunting	Trustee	1.0	Director	$0	$0	$0
Morgan Ford	Trustee	1.0	Director	$0	$0	$0
Nicholas Patino	Trustee	1.0	Director	$0	$0	$0
Pamela Miller	Trustee	1.0	Director	$0	$0	$0
Patrick Carolan MD	Trustee	1.0	Director	$0	$0	$0
Patrick Maggitti PhD	Trustee	1.0	Director	$0	$0	$0
Pauline Spinelli	Trustee	1.0	Director	$0	$0	$0
Suzanne Greco	Trustee	1.0	Director	$0	$0	$0
Thomas Scrivo	Trustee	1.0	Director	$0	$0	$0
William Mitchell	Trustee	1.0	Director	$0	$0	$0
Michael Larobina ESQ	General Counsel	35.0	Officer	$342,872	$47,022	$389,894
Peter Ward	Sr Vice President for Finance	35.0	Officer	$391,609	$67,622	$459,231
Robin Cautin	Provost	35.0	Officer	$423,837	$81,117	$504,954
James Barquinero	Senior VP Enrollment & Athletics	35.0	Key Emp	$497,431	$64,252	$561,683
Michael Iannazzi	Sr Vice President for Administration	35.0	Key Emp	$388,365	$38,159	$426,524
Paul Sutera	Sr VP for University Advancement	35.0	Key Emp	$421,611	$33,640	$455,251
Robert M Hardy	Vice President of Human Resources	35.0	Key Emp	$375,792	$51,772	$427,564
Ann McCabe	Dean	35.0	Highest	$228,409	$11,244	$239,653
Karen Daley	Dean	35.0	Highest	$343,468	$46,474	$389,942
Marc Izzo	VP of Construction & Facilities	35.0	Highest	$253,504	$33,006	$286,510
Maura Iversen	Dean	35.0	Highest	$448,234	$28,447	$476,681
Shirley Canaan	VP of Info Technology	35.0	Highest	$294,674	$37,023	$331,697

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	$539,970,186	$459,144,809	$1,450,684,018	$80,825,377
2023	$509,040,952	$424,623,112	$1,356,203,738	$84,417,840
2022	$476,875,710	$399,996,051	$1,267,127,752	$76,879,659
2021	$421,283,865	$355,369,225	$1,111,844,397	$65,914,640
2020	$378,358,523	$327,336,916	$899,337,453	$51,021,607
2019	$357,941,436	$313,608,325	$786,967,148	$44,333,111
2018	$337,965,803	$291,386,962	$732,709,910	$46,578,841

SACRED HEART UNIVERSITY INCORPORATED