GOODWIN UNIVERSITY INC

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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

2001

Legal Domicile

Principal Officer

MARK SCHEINBERG

Phone

8607276906

Tax Period

2024-07-01 to 2025-06-30

GOODWIN UNIVERSITY INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $62.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $78.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF GOODWIN UNIVERSITY IS TO EDUCATE A DIVERSE STUDENT POPULATION IN A DYNAMIC ENVIRONMENT THAT ALIGNS EDUCATION, COMMERCE AND COMMUNITY. OUR INNOVATIVE PROGRAMS OF STUDY PREPARE STUDENTS FOR PROFESSIONAL CAREERS WHILE PROMOTING LIFELONG LEARNING AND CIVIC RESPONSIBILITY. AS A NURTURING COLLEGE COMMUNITY WE CHALLENGE STUDENTS, FACULTY, STAFF AND ADMINISTRATION TO FULLY REALIZE THEIR HIGHEST ACADEMIC, PROFESSIONAL AND PERSONAL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $52,502,243 Revenue: $57,796,307

GOODWIN UNIVERSITY IS AUTHORIZED TO CONFER MASTERS DEGREES, BACCALAUREATE DEGREES, ASSOCIATE DEGREES AND ONE AND TWO-YEAR CERTIFICATE PROGRAMS. TO THIS END, GOODWIN UNIVERSITY CREATES AN EDUCATIONAL ENVIRONMENT THAT BLENDS PROFESSIONAL PREPARATION WITH DEVELOPMENT OF CRITICAL THINKING SKILLS AND AN APPRECIATION OF THE HUMANITIES, ARTS AND SCIENCES; EDUCATES STUDENTS IN AN ENVIRONMENT THAT CELEBRATES DIVERSE CULTURES, AGES, EXPERIENCES AND OPINIONS; ENRICHES OUR LOCAL AND GLOBAL COMMUNITIES BY FORMING COLLABORATIVE RELATIONSHIPS THAT CREATE EDUCATIONAL, ECONOMIC AND CULTURAL BENEFITS; AND ASSISTS OUR GRADUATES WITH IDENTIFYING AND SECURING CAREER AND GROWTH OPPORTUNITIES.

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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 $6,228,094

Program Service Revenue $57,292,937

Investment Income $-628,342

Other Revenue $-477,626

TOTAL REVENUE $62,415,063

Expense Breakdown

Grants Paid $10,857,627

Salaries & Benefits $33,835,518

Fundraising Expenses $373,666

Program Expenses $52,502,243

Other Expenses $34,146,358

TOTAL EXPENSES $78,839,503

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,415,063	$66,598,646	-0.1%
Expenses	$78,839,503	$70,581,547	+0.1%
Net Income	$-16,424,440	$-3,982,901	+3.1%

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

743

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

$1,437,177

Total Directors

Key Employees

$469,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY DIFATTA	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD CASARES	DIRECTOR	2.00	Director	$0	$0	$0
ETHAN FOXMAN	DIRECTOR	2.00	Director	$0	$0	$0
FRANK AMODIO	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE JACOBY	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY HOFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WALTERS	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH RESNICK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JULIO MATURANA	DIRECTOR	2.00	Director	$0	$0	$0
LARRY GOLDBERG	DIRECTOR	2.00	Director	$0	$0	$0
LEE HOUSLEY	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN D'ERAMO	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANN HANLEY	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN MEHR	DIRECTOR	2.00	Director	$0	$0	$0
MERILEE DEJOHN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE BUSH	DIRECTOR	2.00	Director	$0	$0	$0
MOLLY LOUDEN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SHECHTMAN	DIRECTOR	2.00	Director	$0	$0	$0
RON ANGELO	DIRECTOR	2.00	Director	$0	$0	$0
SE-MIN SOHN	CHAIR	2.00	Officer Director	$0	$0	$0
WILFREDO NIEVES	DIRECTOR	2.00	Director	$0	$0	$0
MARK SCHEINBERG	PRESIDENT	40.00	Officer	$952,365	$25,063	$977,428
EDWIN MEYER JR	CFO/VP FINANCE	40.00	Officer	$410,671	$49,078	$459,749
BRYANT HARRELL	SENIOR VP OF FACILITIES & IT	50.00	Key Emp	$464,091	$5,865	$469,956
TODD ANDREWS	SENIOR VP OF ECONOMIC AND STRATEGY	40.00	Highest	$869,290	$8,885	$878,175
DANIEL NOONAN	SENIOR VP ENROLLMENT SERVICES	50.00	Highest	$849,937	$6,189	$856,126
JEAN MCGILL-WHITE	SENIOR VP HUMAN RESOURCES	50.00	Highest	$745,605	$42,688	$788,293
CLIFFORD THERMER	AVP BUSINESS DEVELOPMENT	50.00	Highest	$567,784	$5,170	$572,954
MICHAEL PARDALES	PROVOST & VP OF FACULTY	50.00	Highest	$245,267	$6,132	$251,399

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	$62,415,063	$78,839,503	$307,757,593	$-16,424,440
2024	No data	No data	No data	No data
2023	$65,565,848	$73,663,513	$311,730,518	$-8,097,665
2022	$70,467,134	$73,018,812	$313,398,918	$-2,551,678
2021	$112,652,592	$69,608,977	$319,810,190	$43,043,615
2019	$72,683,426	$67,756,436	$247,327,812	$4,926,990
2018	$76,661,352	$59,788,404	$249,376,415	$16,872,948