Iona University (EIN 133508093) - 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

1940

Legal Domicile

Principal Officer

DR SEAMUS CAREY

Phone

9146332483

Tax Period

2023-07-01 to 2024-06-30

Iona University, founded in 1940, is a major nonprofit in the Education sector that reported $194.2M in total revenue in fiscal year 2023.

Mission

IONA UNIVERSITY IS A CATHOLIC UNIVERSITY COMPRISED OF A DIVERSE COMMUNITY OF LEARNERS & SCHOLARS DEDICATED TO ACADEMIC EXCELLENCE IN THE TRADITION OF THE CHRISTIAN BROTHERS.

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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 $22,691,699

Program Service Revenue $164,244,011

Investment Income $822,304

Other Revenue $6,420,084

TOTAL REVENUE $194,178,098

Expense Breakdown

Grants Paid $70,517,209

Salaries & Benefits $75,188,406

Fundraising Expenses $2,574,889

Program Expenses $178,409,502

Other Expenses $52,927,157

TOTAL EXPENSES $198,656,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,178,098	$183,290,865	+0.1%
Expenses	$198,656,772	$184,921,114	+0.1%
Net Income	$-4,478,674	$-1,630,249	+1.7%

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

1697

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

$2,181,082

Total Directors

$922,264

Key Employees

$1,155,284

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SEAMUS CAREY	PRESIDENT	65.0	Officer Director	$873,550	$48,714	$922,264
TOBIN ANDERSON	HEAD COACH - MENS BASKETBALL	50.0	Highest	$607,057	$33,015	$640,072
TRICIA MULLIGAN PHD	PROVOST&SVP, ACADEMIC AFFAIRS	50.0	Officer	$322,787	$62,616	$385,403
KAVITA DHANWADA	Dean OF THE NY-PRESBYTERIAN	50.0	Key Emp	$316,555	$34,183	$350,738
KEVIN O'SULLIVAN	SVP, ENROLLMENT&STUDENT AFFAIR	50.0	Highest	$306,968	$36,688	$343,656
MICHAEL SMERIGLIO	VP FACILITIES AND CAMPUS OPER.	50.0	Key Emp	$320,869	$0	$320,869
NATHANIEL J KANE	SVP, FINANCE & ADMINISTRATION	50.0	Officer	$295,662	$23,357	$319,019
TIMOTHY CLUESS	ADVISOR TO THE PRES.&ATHLETICS	50.0	Officer	$261,965	$27,939	$289,904
Sandy A Curko	General Counsel	50.0	Highest	$263,683	$22,767	$286,450
MARYELLEN CALLAGHAN	SVP, STRATEGIC INIT&BOARD SEC	50.0	Officer	$240,535	$23,957	$264,492
Laura Doherty	SVP, ADVN & EXTERNAL AFFAIRS	50.0	Key Emp	$241,167	$21,270	$262,437
Matthew Glovaski	DIRECTOR OF ATHLETICS	50.0	Highest	$201,486	$52,546	$254,032
Joseph Stabile	DEAN SCHOOL OF ARTS & SCIENCE	50.0	Highest	$219,967	$23,270	$243,237
Mary Clare Reilley	SVP, Marketing & Communication	50.0	Key Emp	$206,710	$14,530	$221,240
MICHAEL HEGARTY	BOARD CHAIR	2.0	Officer Director	$0	$0	$0
JAMES P HYNES	BOARD VICE CHAIR	2.0	Officer Director	$0	$0	$0
KAREN ABBRUZZESE	TRUSTEE	1.0	Director	$0	$0	$0
LUCILLE BOOTMAN	TRUSTEE	1.0	Director	$0	$0	$0
DAVID P BROWN	TRUSTEE	1.0	Director	$0	$0	$0
RONALD M DEFEO	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL DOHENY	TRUSTEE	1.0	Director	$0	$0	$0
ANDREW J DOLCE	TRUSTEE	1.0	Director	$0	$0	$0
DAN DOYLE	TRUSTEE	1.0	Director	$0	$0	$0
ANITA IACO	TRUSTEE	1.0	Director	$0	$0	$0
EILEEN IVERS	TRUSTEE	1.0	Director	$0	$0	$0
JOHN C JUDGE	TRUSTEE	1.0	Director	$0	$0	$0
AL KELLY	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT V LAPENTA	TRUSTEE	1.0	Director	$0	$0	$0
BARTLEY F LIVOLSI	TRUSTEE	1.0	Director	$0	$0	$0
PHILLIP N MAISANO	TRUSTEE	1.0	Director	$0	$0	$0
CATHY MCCABE	TRUSTEE	1.0	Director	$0	$0	$0
ED MCNALLY	TRUSTEE	1.0	Director	$0	$0	$0
BOB MEHMEL	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH M MURPHY JR	TRUSTEE	1.0	Director	$0	$0	$0
C PATRICK O'DONNELL JR	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN V REITANO	TRUSTEE	1.0	Director	$0	$0	$0
PETER G RIGUARDI	TRUSTEE	1.0	Director	$0	$0	$0
DR ERIC ROBINSON	TRUSTEE	1.0	Director	$0	$0	$0
ARMANDO RODRIGUEZ JR	TRUSTEE	1.0	Director	$0	$0	$0
MATTHEW SCHNAARS	TRUSTEE	1.0	Director	$0	$0	$0
KAREN SEITZ	TRUSTEE	1.0	Director	$0	$0	$0
MARGARET TIMONEY	TRUSTEE	1.0	Director	$0	$0	$0
RAYMOND J VERCRUYSSEE CFC	TRUSTEE	1.0	Director	$0	$0	$0
BRIAN M WALSH CFC	TRUSTEE	1.0	Director	$0	$0	$0
LAWRENCE I WILLS	TRUSTEE	1.0	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
2025	No data	No data	No data	No data
2024	$194,178,098	$198,656,772	$479,837,822	$-4,478,674
2023	$183,290,865	$184,921,114	$450,915,510	$-1,630,249
2022	$177,877,196	$176,036,683	$443,220,124	$1,840,513
2021	$164,703,199	$162,970,593	$425,606,322	$1,732,606
2020	$158,822,357	$161,328,353	$387,967,528	$-2,505,996
2019	$168,780,145	$163,786,398	$378,834,737	$4,993,747
2018	$165,838,955	$161,718,971	$365,444,110	$4,119,984

Iona University