MERCY UNIVERSITY (EIN 131967321) - 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

1950

Legal Domicile

Principal Officer

SUSAN PARISH

Phone

9146747213

Tax Period

2024-07-01 to 2025-06-30

MERCY UNIVERSITY, founded in 1950, is a major nonprofit in the Education sector that reported $228.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $214.2M left a modest 6% surplus.

Mission

EDUCATE STUDENTS IN LIBERAL ARTS, SCIENCES, BUSINESS, EDUCATION AND PROFESSIONAL PROGRAMS.

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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 $17,251,294

Program Service Revenue $187,817,094

Investment Income $21,705,894

Other Revenue $1,176,519

TOTAL REVENUE $227,950,801

Expense Breakdown

Grants Paid $44,333,890

Salaries & Benefits $97,735,616

Fundraising Expenses $1,501,932

Program Expenses $170,906,358

Other Expenses $72,154,906

TOTAL EXPENSES $214,230,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,950,801	$202,668,228	+0.1%
Expenses	$214,230,712	$205,782,061	+0.0%
Net Income	$13,720,089	$-3,113,833	-5.4%

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

2508

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

$1,971,199

Total Directors

$825,880

Key Employees

$2,066,539

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PARISH	PRESIDENT	35.00	Officer Director	$567,734	$89,400	$657,134
RICHARD AKS - INTERIM	CFO (THRU 05/2025)/TRUSTEE	35.00	Officer Director	$103,216	$0	$103,216
JOSEPH GANTZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CINDY V LOPEZ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICIA BLACKMAR	TRUSTEE	1.00	Director	$0	$0	$0
GARY BERNSTEIN	TRUSTEE	1.00	Director	$27,930	$0	$27,930
JOSEPH P CARLUCCI ESQ	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE MASON CUNNINGHAM	TRUSTEE	1.00	Director	$0	$0	$0
ALEX FERRARI	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE J HABER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL F HAYES	TRUSTEE	1.00	Director	$0	$0	$0
JAMES B JENKINS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID L JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN M MAKLARI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES M MCCORMICK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT H NIEHAUS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH A O'CONNOR ESQ	TRUSTEE	1.00	Director	$3,600	$0	$3,600
CARLOS S PASSI	TRUSTEE	1.00	Director	$10,600	$0	$10,600
MICHELE A QUIROLO	TRUSTEE	1.00	Director	$23,400	$0	$23,400
CHRISTOPHER SOBECKI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
MARLENE M TUTERA	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY H WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA L HABER	CHIEF OF STAFF (THRU 05/2025)	35.00	Officer	$296,100	$52,548	$348,648
KRISTEN M BURKE	GENERAL COUNSEL/ACTING SECRETARY	35.00	Officer	$260,597	$75,142	$335,739
BRETT CARROLL - CHIEF	FINANCIAL OFFICER (THRU 08/2024)	35.00	Officer	$288,146	$31,209	$319,355
GENEVIEVE GULBRANDSEN	CONT. & ASST. TREAS. (AS OF 02/2024)	35.00	Officer	$160,125	$46,982	$207,107
JOSEPH DEL TORO - CHIEF	FINANCIAL OFFICER (AS OF 03/2025)	35.00	Officer	$0	$0	$0
EVA FERNANDEZ	PROVOST (THRU 05/2025)	35.00	Key Emp	$467,399	$73,321	$540,720
THOMAS SIMMONDS	VP, OPERATIONS & FACILITIES	35.00	Key Emp	$333,685	$62,036	$395,721
ADAM J CASTRO	VP, ADMISSIONS	35.00	Key Emp	$343,552	$52,152	$395,704
PETER H WEST	INTERIM PROVOST	35.00	Key Emp	$197,133	$74,079	$271,212
SCORPIO K ROGERS	VP, COMMUNITY RELATIONS & GOV	35.00	Key Emp	$239,840	$17,117	$256,957
KRISTIN GREENWOOD	PROVOST AND SR. VP, ACADEMIC AFFAIRS	35.00	Key Emp	$173,805	$32,420	$206,225
CAMILLE SHELLEY	CHIEF INFORMATION OFFICER	35.00	Highest	$283,902	$78,087	$361,989
KENYA BEARD	DEAN, SCHOOL OF NURSING	35.00	Highest	$287,711	$73,589	$361,300
BRIAN AMKRAUT - VP WORKFORCE	CRED. & COMM. IMPACT (THRU 06/2025)	35.00	Highest	$231,730	$102,017	$333,747
BERNADETTE WADE	CHIEF ADVANCEMENT OFFICER	35.00	Highest	$239,185	$78,238	$317,423
KEVIN JOYCE	VP, STUDENT AFFAIRS	35.00	Highest	$256,042	$52,658	$308,700

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	$227,950,801	$214,230,712	$726,585,185	$13,720,089
2024	No data	No data	No data	No data
2023	$202,318,053	$195,849,148	$644,977,634	$6,468,905
2022	$239,467,272	$209,020,071	$626,665,016	$30,447,201
2021	$205,211,477	$189,334,678	$646,039,806	$15,876,799
2020	$212,449,914	$200,133,232	$411,742,949	$12,316,682
2019	$174,426,915	$171,759,144	$403,314,865	$2,667,771
2018	$179,131,268	$168,886,496	$400,802,892	$10,244,772

MERCY UNIVERSITY