FORDHAM 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

1841

Legal Domicile

Principal Officer

Tania Tetlow

Phone

7188171000

Tax Period

2022-07-01 to 2023-06-30

FORDHAM UNIVERSITY, founded in 1841, is a large national nonprofit in the Education sector that reported $1.0B in total revenue in fiscal year 2022.

Mission

FORDHAM UNIVERSITY, THE JESUIT UNIVERSITY OF NEW YORK, IS COMMITTED TO THE DISCOVERY OF WISDOM AND THE TRANSMISSION OF LEARNING, THROUGH RESEARCH AND THROUGH EDUCATION OF THE HIGHEST QUALITY. FOR MORE INFORMATION, SEE SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $847,312,715 Revenue: $822,253,780

HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY...

HIGHER EDUCATION FORDHAM UNIVERSITY IS AN INDEPENDENT, NOT-FOR-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER LEARNING, IN THE JESUIT TRADITION, WITH ITS PRINCIPAL CAMPUSES LOCATED IN NEW YORK CITY. FORDHAM UNIVERSITY SERVES AND EDUCATES APPROXIMATELY 9,700 UNDERGRADUATE STUDENTS AND 5,800 GRADUATE AND PROFESSIONAL STUDENTS. FOR MORE INFORMATION, SEE SCHEDULE O.

Program 2

Expenses: $103,272,182 Revenue: $104,028,600

STUDENT HOUSING & FOOD SERVICES THE UNIVERSITY PROVIDES VARIOUS SERVICES FOR THE BENEFIT OF ITS STUDENTS, FACULTY AND STAFF AND IN SUPPORT OF EDUCATIONAL ACTIVITIES.

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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 $94,485,027

Program Service Revenue $926,282,380

Investment Income $-3,527,856

Other Revenue $16,516

TOTAL REVENUE $1,017,256,067

Expense Breakdown

Grants Paid $322,513,245

Salaries & Benefits $426,301,870

Fundraising Expenses $17,272,146

Program Expenses $950,584,897

Other Expenses $293,949,882

TOTAL EXPENSES $1,043,381,404

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,017,256,067	$1,067,464,398	0.0%
Expenses	$1,043,381,404	$1,016,816,186	+0.0%
Net Income	$-26,125,337	$50,648,212	-1.5%

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

7866

Volunteers

2470

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

$7,183,537

Total Directors

$990,093

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TANIA TETLOW	PRESIDENT & TTEE (START 07/22)	35.0	Officer Director	$691,843	$86,138	$777,981
DENNIS C JACOBS	PROVOST & SVP ACADEMIC AFFAIRS	35.0	Officer	$661,121	$91,063	$752,184
DONNA RAPPACCIOLI	DEAN (end 06/22); PROFESSOR	35.0	Highest	$632,443	$87,149	$719,592
MARTHA K HIRST	SR VP, CFO & TREASURER	35.0	Officer	$618,785	$64,742	$683,527
MATTHEW DILLER	DEAN	35.0	Highest	$527,245	$90,637	$617,882
KEITH A URGO	HEAD MEN'S BASKETBALL COACH	35.0	Highest	$528,121	$79,337	$607,458
ROGER MILICI	VP FOR DEV AND UNIV RELATIONS	35.0	Officer	$482,959	$79,536	$562,495
JEFFREY GRAY	SVP OF STUDENT AFFAIRS	35.0	Officer	$448,557	$108,862	$557,419
IFTEKHAR HASAN	PROFESSOR	35.0	Highest	$490,026	$67,364	$557,390
JONATHAN CRYSTAL	VICE PROVOST FOR ACAD. AFFAIRS	35.0	Highest	$435,201	$99,016	$534,217
MARCO VALERA	VP FOR ADMINISTRATION	35.0	Officer	$464,298	$50,197	$514,495
FRANK SIMIO	VP FOR LINCOLN CENTER	35.0	Officer	$417,306	$89,765	$507,071
KAY TURNER	VP FOR HUMAN RESOURCES	35.0	Officer	$424,864	$70,229	$495,093
PETER STACE	FMR SVP ENRL & STGY	35.0		$444,555	$46,772	$491,327
NICHOLAS MILOWSKI	VP FOR FINANCE & ASST TREAS	35.0	Officer	$375,910	$92,613	$468,523
MARGARET BALL	VICE PRES. & GENERAL COUNSEL	35.0	Officer	$372,910	$82,849	$455,759
ANAND PADMANABHAN	VP & CIO	35.0	Officer	$368,424	$78,720	$447,144
JOHN BUCKLEY	SVP FOR ENROLLMENT	35.0	Officer	$287,374	$146,824	$434,198
DOROTHY MARINUCCI	UNIV. SECRETARY (start 02/23)	35.0	Officer	$297,940	$89,128	$387,068
DENNY CHIN	TRUSTEE & ADJUNCT PROFESSOR	2.0	Director	$212,112	$0	$212,112
Michael Trerotola	Chief of Staff & ASST UNIV SEC	35.0	Officer	$111,508	$29,072	$140,580
CAROLYN M ALBSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
MEAGHAN JARENSKY BARAKETT	TRUSTEE	1.0	Director	$0	$0	$0
ULDERICO CALERO JR	TRUSTEE	1.0	Director	$0	$0	$0
ANTHONY P CARTER	TRUSTEE	1.0	Director	$0	$0	$0
EMANUEL CHIRICO	TRUSTEE	1.0	Director	$0	$0	$0
GREGORY C CHISHOLM SJ	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
ROBERT D DALEO	TRUSTEE & CHAIR (END 06/23)	2.0	Officer Director	$0	$0	$0
MICHAEL J DOWLING	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER F FITZMAURICE	TRUSTEE	1.0	Director	$0	$0	$0
JAMES P FLAHERTY	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
NORA AHERN GROSE	TRUSTEE	1.0	Director	$0	$0	$0
PATRICIA HELLER	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
ANDREW J HINTON	TRUSTEE	1.0	Director	$0	$0	$0
DARLENE LUCCIO JORDAN	TRUSTEE	1.0	Director	$0	$0	$0
JOHN L LUMELLEAU	TRUSTEE	1.0	Director	$0	$0	$0
HENRY S MILLER	TRUSTEE	1.0	Director	$0	$0	$0
JAMES J MIRACKY SJ	TRUSTEE	1.0	Director	$0	$0	$0
ARMANDO NUNEZ JR	TRUSTEE	1.0	Director	$0	$0	$0
VALERIE IRICK RAINFORD	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS J REGAN SJ	TRUSTEE & VICE CHAIR	2.0	Officer Director	$0	$0	$0
GUALBERTO RODRIGUEZ-FELICIANO	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
SUSAN CONLEY SALICE	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD P SALMI SJ	TRUSTEE	1.0	Director	$0	$0	$0
EILEEN FITZGERALD SUDLER	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
MARY ANN SULLIVAN	TRUSTEE & VICE CHAIR	2.0	Officer Director	$0	$0	$0
DARIO WERTHEIN	TRUSTEE	1.0	Director	$0	$0	$0
GERALD R BLASZCZAK SJ	TRUSTEE	1.0	Director	$0	$0	$0
DARRYL EMERSON BROWN	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS C ENNIS	TRUSTEE (END 06/23)	1.0	Director	$0	$0	$0
KATHLEEN MACLEAN	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD M STROZ	TRUSTEE	1.0	Director	$0	$0	$0
KIM BEPLER	TRUSTEE (START 07/22)	1.0	Director	$0	$0	$0
DONNA MORRIS	TRUSTEE (START 07/22)	1.0	Director	$0	$0	$0
JAMES ROWEN	TRUSTEE (START 07/22)	1.0	Director	$0	$0	$0
DONNA O SMOLENS	TRUSTEE (START 07/22)	1.0	Director	$0	$0	$0
WILLIAM J TOPPETA	TRUSTEE (START 07/22)	1.0	Director	$0	$0	$0
JOHN CECERO SJ	VP MISSION INT & MINISTRY	35.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,017,256,067	$1,043,381,404	$2,402,364,778	$-26,125,337
2022	$1,067,464,398	$1,016,816,186	$2,374,890,617	$50,648,212
2021	$953,892,663	$925,168,621	$2,430,141,698	$28,724,042
2020	$936,054,028	$919,887,826	$2,146,125,008	$16,166,202
2019	$933,528,802	$873,646,613	$2,011,382,272	$59,882,189
2018	$873,402,272	$853,244,681	$1,960,346,078	$20,157,591