ALLIANCE 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

1944

Legal Domicile

Principal Officer

RAJAN S MATHEWS

Phone

6463786100

Tax Period

2022-07-01 to 2023-06-30

ALLIANCE UNIVERSITY, founded in 1944, is a mid-sized nonprofit in the Education sector that reported $41.9M in total revenue in fiscal year 2022. Expenses of $57.1M exceeded revenue, resulting in a 36% operating deficit.

Mission

ALLIANCE UNIVERSITY, A CHRISTIAN & MISSIONARY ALLIANCE EDUCATIONAL INSTITUTION, THROUGH ITS UNDERGRADUATE, GRADUATE AND SEMINARY PROGRAMS, PURSUES ITS HISTORICAL MISSION OF PREPARING MEN & WOMEN TO "TAKE THE WHOLE GOSPEL TO THE WHOLE WORLD."

Program Service Accomplishments

Program 1

Expenses: $26,830,288 Revenue: $27,438,948

EDUCATION OF 1,995 STUDENTS AT CAMPUSES LOCATED IN LOWER MANHATTAN, NEW YORK, AND AN EXTENSION SITE LOCATED IN PUERTO RICO, PLUS ONLINE PROGRAMS.

Program 2

Expenses: $16,457,020

STUDENT SERVICES AND AUXILIARY ENTERPRISES

Program 3

Expenses: $2,837,566

ACADEMIC SUPPORT

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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 $8,942,226

Program Service Revenue $31,130,941

Investment Income $560,336

Other Revenue $1,290,696

TOTAL REVENUE $41,924,199

Expense Breakdown

Grants Paid $11,935,026

Salaries & Benefits $17,756,657

Fundraising Expenses $224,539

Program Expenses $46,124,874

Other Expenses $27,419,520

TOTAL EXPENSES $57,111,203

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,924,199	$43,597,946	0.0%
Expenses	$57,111,203	$53,302,624	+0.1%
Net Income	$-15,187,004	$-9,704,678	+0.6%

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

644

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

$403,820

Total Directors

$860,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAJAN S MATHEWS	President	40.00	Officer Director	$230,000	$99,990	$329,990
DAVID F TURK	PROVOST & VP	40.00		$152,553	$29,916	$182,469
KENNETH E BALDES	Trustee	2.40	Director	$0	$23,102	$165,525
CORNELIUS F SPITZER	CONTROLLER	35.00		$111,166	$33,354	$144,520
DR GARY D FRIESEN	Trustee	2.40	Director	$0	$70,988	$134,135
ANITA L UNDERWOOD	DEAN BUS & LEADRSH	40.00		$115,537	$12,434	$127,971
STEPHEN MARET	PROF OF PSYCHOLOGY	40.00		$112,979	$12,434	$125,413
MELISSA R RUTTANAI	VP MARKTNG & COMM	40.00		$114,000	$0	$114,000
REV THOMAS R FLANDERS	Trustee	2.40	Director	$0	$30,924	$79,446
REV KELVIN WALKER	Trustee	2.40	Director	$0	$36,243	$77,094
DR DUANE A WHEELAND	VICE CHAIRMAN	2.40	Officer Director	$0	$0	$73,830
WILLIAM M BEATTY	Trustee	2.40	Director	$0	$0	$0
REV DR VICTOR W CHAN	Trustee	2.40	Director	$0	$0	$0
GLENN G DAVES	Trustee	2.40	Director	$0	$0	$0
DR PAUL D GLENN	Secretary	2.40	Officer Director	$0	$0	$0
ANNE SNYDER BROOKS	Trustee	2.40	Director	$0	$0	$0
REV DR DENNY KRAJACIC	Trustee	2.40	Director	$0	$0	$0
J ROBERT CIMINERA	Trustee	2.40	Director	$0	$0	$0
DR JOHN PRAVEEN	Trustee	2.40	Director	$0	$0	$0
DWIGHT D SAFER	Trustee	2.40	Director	$0	$0	$0
REV SCOTT G SLOCUM	BOARD CHAIRMAN	2.40	Officer Director	$0	$0	$0
MRS PAULETTE ZIMMERMAN	Trustee	2.40	Director	$0	$0	$0
DR CAROLYN TONGE	Trustee	2.40	Director	$0	$0	$0
VIVIAN A PRICE	Trustee	2.40	Director	$0	$0	$0
KENNETH M MACUR START 0323	VP OF BUSINESS	40.00	Officer	$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
2023	$41,924,199	$57,111,203	$49,781,311	$-15,187,004
2022	$43,597,946	$53,302,624	$54,947,485	$-9,704,678
2021	$78,302,842	$54,015,204	$64,564,725	$24,287,638
2020	$39,991,642	$52,205,081	$79,649,506	$-12,213,439
2019	$48,725,985	$58,825,470	$84,100,176	$-10,099,485
2018	$52,505,993	$58,343,947	$84,207,168	$-5,837,954