HOFSTRA UNIVERSITY (EIN 111630906) - 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

1935

Legal Domicile

Principal Officer

SUSAN POSER PRESIDENT

Phone

5164636820

Tax Period

2023-09-01 to 2024-08-31

HOFSTRA UNIVERSITY, founded in 1935, is a major nonprofit in the Education sector that reported $705.8M in total revenue in fiscal year 2023. Expenses of $642.1M left a modest 9% surplus.

Mission

INSTITUTION OF HIGHER LEARNING

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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 $58,464,520

Program Service Revenue $588,960,326

Investment Income $58,596,850

Other Revenue $-267,913

TOTAL REVENUE $705,753,783

Expense Breakdown

Grants Paid $215,520,565

Salaries & Benefits $300,970,654

Fundraising Expenses $6,496,016

Program Expenses $572,204,251

Other Expenses $125,238,018

TOTAL EXPENSES $642,149,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$705,753,783	$653,515,145	+0.1%
Expenses	$642,149,237	$617,411,862	+0.0%
Net Income	$63,604,546	$36,103,283	+0.8%

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

5785

Volunteers

1400

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

$6,365,366

Total Directors

$1,295,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Poser	President	60.0	Officer Director	$1,237,529	$58,031	$1,295,560
Craig Claxton	Head Men's Basketball Coach	60.0	Highest	$796,549	$114,854	$911,403
Catherine Hennessy	SVP Finance/Treasurer	60.0	Officer	$763,748	$87,827	$851,575
David Battinelli	Dean, School of Medicine	60.0	Highest	$699,261	$17,107	$716,368
Charles Riordan	Provost	60.0	Officer	$632,680	$13,271	$645,951
Alan Kelly	SVP for Development	60.0	Officer	$499,362	$104,726	$604,088
Jessica Eads	SVP for Enroll Mgmt	60.0	Officer	$498,400	$104,662	$603,062
Richard Cole	VP for Athletics	60.0	Officer	$437,789	$117,777	$555,566
Sina Rabbany	Dean, School of Engineering	60.0	Highest	$439,401	$111,204	$550,605
Jennifer Mone	SVP for Legal Affairs	60.0	Officer	$467,766	$79,577	$547,343
Janet Lenaghan	Dean, School of Business	60.0	Highest	$425,308	$53,566	$478,874
Gail Prudenti	Dean, School of Law to 6/23	60.0		$435,900	$17,595	$453,495
Joseph Barkwill	VP for Facilities to 8/24	60.0	Officer	$388,544	$64,670	$453,214
Denise Cunningham	VP for HR	60.0	Officer	$299,792	$19,570	$319,362
Theresa Coniglio	VP Marketing & Comm	60.0	Officer	$248,849	$38,070	$286,919
Cornell Craig	VP Equity & Inclus eff 11/23	60.0	Officer	$175,540	$27,186	$202,726
Alan J Bernon	Trustee	2.0	Director	$0	$0	$0
Kenneth Brodlieb	Trustee	2.0	Director	$0	$0	$0
Susan Catalano	Trustee	2.0	Director	$0	$0	$0
Frederick E Davis	Trustee	2.0	Director	$0	$0	$0
Michael P DeDomenico	Trustee	2.0	Director	$0	$0	$0
Michael P Delaney	Trustee	2.0	Director	$0	$0	$0
Craig Dempster	Trustee	2.0	Director	$0	$0	$0
Arno H Fried	Trustee	2.0	Director	$0	$0	$0
Dr Leo A Guthart	Trustee	2.0	Director	$0	$0	$0
Peter S Kalikow	Trustee	2.0	Director	$0	$0	$0
Hon Arthur J Kremer	Trustee	2.0	Director	$0	$0	$0
Diana E Lake	Trustee	2.0	Director	$0	$0	$0
Randy Levine	Trustee	2.0	Director	$0	$0	$0
David S Mack	Trustee	2.0	Director	$0	$0	$0
Kathryn V Marinello	Trustee	2.0	Director	$0	$0	$0
Stella Mendes	Trustee	2.0	Director	$0	$0	$0
Janis M Meyer Esq	Trustee	2.0	Director	$0	$0	$0
John D Miller	Trustee to 10/18/23	2.0	Director	$0	$0	$0
Marilyn B Monter	Trustee	2.0	Director	$0	$0	$0
Martha S Pope	Trustee	2.0	Director	$0	$0	$0
Samuel Ramos	Trustee	2.0	Director	$0	$0	$0
Michael Roberge	Trustee	2.0	Director	$0	$0	$0
Robert Rosenthal	Trustee	2.0	Director	$0	$0	$0
Debra A Sandler	Trustee	2.0	Director	$0	$0	$0
Jason M Savarese	Trustee	2.0	Director	$0	$0	$0
Donald M Schaefer	Trustee	3.0	Director	$0	$0	$0
Michael Seiman	Trustee	2.0	Director	$0	$0	$0
Leonard Shapiro	Trustee	2.0	Director	$0	$0	$0
Joseph Sparacio	Trustee	2.0	Director	$0	$0	$0
Kurt A Lambert	Trustee	2.0	Director	$0	$0	$0

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
2024	$705,753,783	$642,149,237	$1,597,308,183	$63,604,546
2023	$653,515,145	$617,411,862	$1,469,859,304	$36,103,283
2022	$607,156,021	$578,254,646	$1,395,731,357	$28,901,375
2021	$606,887,297	$537,791,385	$1,538,245,078	$69,095,912
2020	$576,220,072	$548,712,285	$1,293,010,236	$27,507,787
2019	$592,927,157	$552,592,661	$1,235,224,804	$40,334,496
2018	$583,101,365	$529,698,322	$1,209,413,518	$53,403,043

HOFSTRA UNIVERSITY