THE ROCKEFELLER UNIVERSITY

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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

1901

Legal Domicile

Principal Officer

RICHARD P LIFTON

Phone

2123278000

Tax Period

2024-07-01 to 2025-06-30

THE ROCKEFELLER UNIVERSITY, founded in 1901, is a major nonprofit in the Education sector that reported $458.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $504.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ROCKEFELLER UNIVERSITY (THE UNIVERSITY) IS A WORLD RENOWNED CENTER FOR RESEARCH AND GRADUATE EDUCATION IN THE BIOMEDICAL SCIENCES, CHEMISTRY, BIOINFORMATICS, AND PHYSICS. THE UNIVERSITY'S 73 LABORATORIES CONDUCT BOTH CLINICAL AND BASIC RESEARCH AND STUDY A DIVERSE RANGE OF BIOLOGICAL AND BIOMEDICAL PROBLEMS WITH THE MISSION OF IMPROVING THE UNDERSTANDING OF LIFE FOR THE BENEFIT OF HUMANITY. LABORATORIES ARE LOOSELY CLUSTERED IN NINE RESEARCH AREAS COVERING A WIDE SPECTRUM OF DISCIPLINES IN THE LIFE SCIENCES, INCLUDING NEUROSCIENCE, IMMUNOLOGY, GENETICS, STRUCTURAL BIOLOGY AND BIOINFORMATICS. THE UNIVERSITY DOES NOT CHARGE TUITION. ITS REVENUES ARE DERIVED PRIMARILY FROM INVESTMENT INCOME, GOVERNMENT GRANTS AND CONTRACTS, AND PRIVATE GIFTS AND GRANTS.

Program Service Accomplishments

Program 1

Expenses: $362,126,398

RESEARCH EDUCATION - 73 LABORATORIES (AND 15 EMERITUS LABORATORIES) INCLUDING 82 FACULTY MEMBERS, 211 POST-DOCTORAL SCHOLARS, 263 GRADUATE STUDENTS AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY...

RESEARCH EDUCATION - 73 LABORATORIES (AND 15 EMERITUS LABORATORIES) INCLUDING 82 FACULTY MEMBERS, 211 POST-DOCTORAL SCHOLARS, 263 GRADUATE STUDENTS AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY MEDICAL STUDENTS.

Program 2

Expenses: $17,418,087

HOSPITAL - CONSISTS OF 40 BEDS AND SERVES AS A CLINICAL RESEARCH CENTER FOR OUTPATIENTS AND INPATIENTS. THE ROCKEFELLER UNIVERSITY HOSPITAL EXISTS SOLELY TO CONDUCT CLINICAL RESEARCH. THE SPECIALIZED PERSONNEL AND OTHER RESOURCES AVAILABLE AT THE HOSPITAL FACILITATE CLINICAL RESEARCH FOR BOTH THE INVESTIGATOR AND THE RESEARCH PARTICIPANT.

Program 3

Expenses: $3,414,234

LIBRARY CONTAINS 648,432 VOLUMES (OF WHICH 370,028 ARE ON-LINE) AND 8,383 ON-LINE SUBSCRIPTIONS AND IS MAINTAINED ON AN OPEN STOCK POLICY. THE LIBRARY STRIVES TO ADVANCE KNOWLEDGE BY SUPPORTING OUR UNIVERSITY'S WORLD CLASS RESEARCH COMMUNITY WITH TECHNOLOGY, INNOVATION, AND COLLABORATION IN THE FIELD OF SCIENCE INFORMATION AND COMMUNICATION.

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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 $216,539,628

Program Service Revenue $34,061,855

Investment Income $169,155,819

Other Revenue $38,653,092

TOTAL REVENUE $458,410,394

Expense Breakdown

Grants Paid $14,091,997

Salaries & Benefits $217,097,486

Fundraising Expenses $10,411,069

Program Expenses $424,008,640

Other Expenses $273,258,497

TOTAL EXPENSES $504,447,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$458,410,394	$501,030,765	-0.1%
Expenses	$504,447,980	$571,330,484	-0.1%
Net Income	$-46,037,586	$-70,299,719	-0.3%

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

1657

Volunteers

N/A

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

$11,192,844

Total Directors

$1,593,942

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD P LIFTON MD PHD	PRESIDENT	50.00	Officer Director	$1,308,593	$285,349	$1,593,942
PAULA VOLENT	CHIEF INVESTMENT OFFICER	50.00	Officer	$1,928,555	$328,903	$2,257,458
BETTY Y CHEN - MANAGING	DIRECTOR, INVESTMENTS (THRU 10/24)	50.00	Highest	$926,322	$40,771	$967,093
MAREN IMHOFF	SVP, DEVELOPMENT	50.00	Officer	$803,309	$125,996	$929,305
BARRY COLLER	VP & PHYSICIAN-IN-CHIEF	50.00	Officer	$716,817	$123,955	$840,772
TIMOTHY O'CONNOR	EXECUTIVE VICE PRESIDENT	50.00	Officer	$706,920	$120,747	$827,667
MICHAEL YOUNG	VP, ACADEMIC AFFAIRS (THRU 8/31/23)	50.00		$660,410	$125,497	$785,907
DEBORAH YEOH	VP & GENERAL COUNSEL	50.00	Officer	$659,343	$93,149	$752,492
CHARLES M RICE	PROFESSOR, HEAD OF LABORATORY	50.00	Highest	$620,822	$91,014	$711,836
TIMOTHY STEARNS	VP, EDUCATION AFFAIRS	50.00	Officer	$566,933	$120,932	$687,865
ROMAYNE L BOTTI	VP, FINANCE & TREASURER	50.00	Officer	$567,271	$119,799	$687,070
NATHANIEL HEINTZ	PROFESSOR, HEAD OF LABORATORY	50.00	Highest	$545,389	$138,395	$683,784
JEANNE FARRELL	AVP, TECHNOLOGY TRANSFER	50.00	Highest	$569,612	$81,561	$651,173
VIRGINIA HUFFMAN	VP, HUMAN RESOURCES	50.00	Officer	$516,593	$125,231	$641,824
TITIA DE LANGE	PROFESSOR, HEAD OF LABORATORY	50.00	Highest	$539,178	$94,239	$633,417
CORNELIA BARGMANN	VP, ACADEMIC AFFAIRS	50.00	Officer	$526,652	$91,100	$617,752
SIDNEY STRICKLAND	VP, EDUCATION AFFAIRS (THRU 8/31/22)	50.00		$486,251	$119,743	$605,994
ANTHONY CARVALLOZA - CHIEF	INFORMATION OFFICER (FROM 11/13/24)	50.00	Officer	$374,996	$117,218	$492,214
KRETINA COOK	ASST. VP, FINANCE	50.00	Officer	$319,204	$115,005	$434,209
ASHTON MURRAY	VP UNIV. LIFE & COMMUNITY ENGAGEMENT	50.00	Officer	$366,775	$63,499	$430,274
KAREN AKINSANYA PHD	TRUSTEE	2.00	Director	$0	$0	$0
HOLLY ANDERSEN MD	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT KH BESSENT	TRUSTEE (UNTIL 1/15/25)	3.00	Director	$0	$0	$0
DEBRA BLACK	TRUSTEE	2.00	Director	$0	$0	$0
VALENTINO CARLOTTI	TRUSTEE	2.00	Director	$0	$0	$0
ELI CASDIN	TRUSTEE	2.00	Director	$0	$0	$0
ANNA CHAPMAN MD	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE CURRY	TRUSTEE	2.00	Director	$0	$0	$0
JAMES G DINAN	TRUSTEE	2.00	Director	$0	$0	$0
ANDREAS C DRACOPOULOS	TRUSTEE, VICE CHAIR	3.00	Officer Director	$0	$0	$0
CHERYL COHEN EFFRON	TRUSTEE	2.00	Director	$0	$0	$0
ANNE CHANDLER BASS EVANS	TRUSTEES	2.00	Director	$0	$0	$0
KATHERINE G FARLEY	TRUSTEE (UNTIL 5/28/25)	3.00	Director	$0	$0	$0
MICHAEL D FASCITELLI	TRUSTEE, VICE CHAIR	3.00	Officer Director	$0	$0	$0
LEE FIXEL	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM E FORD	TRUSTEE, CHAIR	5.00	Officer Director	$0	$0	$0
DANIEL GILMER	TRUSTEE (FROM 3/12/25)	2.00	Director	$0	$0	$0
DIANE HALVORSEN	TRUSTEE	2.00	Director	$0	$0	$0
STEWART J HEN	TRUSTEE (FROM 11/13/24)	2.00	Director	$0	$0	$0
MICHAEL B HOFFMAN	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA HOPFIELD PHD	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA J HORBACH	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM I HUYETT	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA A JOHN	TRUSTEE	2.00	Director	$0	$0	$0
PAULA JOHNSON MD	TRUSTEE	2.00	Director	$0	$0	$0
JOELLE KAYDEN	TRUSTEE	2.00	Director	$0	$0	$0
MARY KLOTMAN MD	TRUSTEE	3.00	Director	$0	$0	$0
PABLO G LEGORRETA	TRUSTEE, VICE CHAIR	3.00	Officer Director	$0	$0	$0
GREGG LEMKAU	TRUSTEE (UNTIL 3/12/25)	2.00	Director	$0	$0	$0
KAREN M LEVY	TRUSTEE	2.00	Director	$0	$0	$0
GE LI PHD	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT MACKESY	TRUSTEE	2.00	Director	$0	$0	$0
DIANE MATHIS PHD	TRUSTEE (UNTIL 5/28/25)	2.00	Director	$0	$0	$0
ALEXANDRA MONDRE	TRUSTEE (FROM 3/12/25)	2.00	Director	$0	$0	$0
JOHN MONSKY	TRUSTEE	2.00	Director	$0	$0	$0
JEREMY NATHANS MD PHD	TRUSTEE	3.00	Director	$0	$0	$0
JONATHAN M NELSON	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN CHEMERS NEUSTEIN	TRUSTEE, VICE CHAIR	3.00	Officer Director	$0	$0	$0
DANIEL PACTHOD	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PRICE	TRUSTEE	3.00	Director	$0	$0	$0
JOHN M SHAPIRO	TRUSTEE	3.00	Director	$0	$0	$0
MARILYN H SIMONS PHD	TRUSTEE (FROM 3/12/25)	2.00	Director	$0	$0	$0
BARRY R SLOANE	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT STEEL	TRUSTEE, VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID SZE	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA TAMER	TRUSTEE	2.00	Director	$0	$0	$0
RONALD D VALE PHD	TRUSTEE (FROM 5/28/25)	2.00	Director	$0	$0	$0
HUDA ZOGHBI MD	TRUSTEE	2.00	Director	$0	$0	$0
XIAOWEI ZHUANG PHD	TRUSTEE	2.00	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
2025	$458,410,394	$504,447,980	$4,127,223,897	$-46,037,586
2024	$501,030,765	$571,330,484	$4,025,810,239	$-70,299,719
2023	$514,627,473	$521,221,549	$3,956,769,216	$-6,594,076
2022	$535,346,959	$596,078,177	$4,263,008,941	$-60,731,218
2021	$530,345,700	$585,011,703	$4,529,661,441	$-54,666,003
2020	$455,447,251	$549,309,305	$3,879,645,094	$-93,862,054
2019	$460,221,715	$582,124,924	$3,904,497,928	$-121,903,209
2018	$496,427,301	$405,749,283	$3,908,917,821	$90,678,018