PACE UNIVERSITY (EIN 135562314) - 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

1906

Legal Domicile

Principal Officer

MARVIN KRISLOV

Phone

9149232402

Tax Period

2024-07-01 to 2025-06-30

PACE UNIVERSITY, founded in 1906, is a major nonprofit in the Education sector that reported $719.1M in total revenue in fiscal year 2024.

Mission

PACE UNIVERSITY CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF ITS QUALIFIED AND DIVERSE STUDENT POPULATION.

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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 $39,066,327

Program Service Revenue $652,185,817

Investment Income $21,303,631

Other Revenue $6,552,424

TOTAL REVENUE $719,108,199

Expense Breakdown

Grants Paid $246,808,794

Salaries & Benefits $251,755,136

Fundraising Expenses $8,290,657

Program Expenses $624,590,879

Other Expenses $208,299,635

TOTAL EXPENSES $707,329,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$719,108,199	$707,688,190	+0.0%
Expenses	$707,329,389	$683,292,025	+0.0%
Net Income	$11,778,810	$24,396,165	-0.5%

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

5074

Volunteers

1669

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

$7,444,467

Total Directors

$1,622,964

Key Employees

$2,835,608

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN KRISLOV	PRESIDENT	40.0	Officer Director	$741,937	$423,151	$1,165,088
ROBERT C ALMON	EVP & CFO	40.0	Officer	$439,605	$70,213	$509,818
JONATHAN HILL	INTM PROVOST, AS OF 7/24	40.0	Officer	$348,401	$144,490	$492,891
LAWRENCE SINGLETON	DEAN, LUBIN SCHOOL OF BUSINESS	40.0	Key Emp	$372,966	$97,299	$470,265
HORACE ANDERSON	Dean, School of Law	40.0	Key Emp	$380,099	$90,059	$470,158
DANIEL BAUGHER	PROFESSOR	40.0	Highest	$429,393	$36,200	$465,593
GARY LAERMER	VP DEV & ALUM RLTNS TILL 12/24	40.0	Officer	$399,769	$50,196	$449,965
JOSEPH FRANCO	FMR. PROVOST, till 6/24	40.0		$375,704	$61,877	$437,581
JOSEPH A CAPPARELLI	VP FIN, CONTROLLER & CCO	40.0	Officer	$351,455	$81,533	$432,988
TRESMAINE GRIMES	DEAN, DYSON COLLEGE	40.0	Key Emp	$358,871	$51,527	$410,398
MICHELLE SIMON	PROFESSOR	40.0	Highest	$320,656	$74,381	$395,037
NICOLE THOMPSON	SENIOR VP OPERATIONS	40.0	Officer	$328,245	$61,195	$389,440
ROBINA C SCHEPP	VP FOR ENROLLMENT & PLACEMENT	40.0	Officer	$333,684	$50,831	$384,515
BRIDGET CRAWFORD	PROFESSOR	40.0	Highest	$309,522	$70,988	$380,510
BETH GORDON	VP IT and CIO	40.0	Officer	$271,828	$94,483	$366,311
YA TANG	PROFESSOR	40.0	Highest	$291,938	$71,516	$363,454
IBOLYA YOLAS	VP UNIV FACILITIES & CAP PROJ	40.0	Officer	$298,132	$62,437	$360,569
ESMA PALJEVIC	INTM DEAN, CHP AS OF 7/24	40.0	Key Emp	$291,888	$65,387	$357,275
TERRYL BROWN	VP AND GENERAL COUNSEL	40.0	Officer	$303,640	$41,412	$345,052
THERESA LANT	PROFESSOR	40.0	Highest	$314,138	$23,479	$337,617
CINDY HEILBERGER	VP FOR CORPORATE SECRETARY	40.0	Officer	$269,361	$53,231	$322,592
NIRA HERRMANN	FORMER DEAN, DYSON COLLEGE	40.0		$283,560	$25,819	$309,379
JENNIFER HOLMES	DEAN, SANDS COLLEGE	40.0	Key Emp	$280,304	$28,340	$308,644
LI-CHIOU CHEN	INTM DEAN, SEID AS OF 8/24	40.0	Key Emp	$231,734	$73,874	$305,608
JEAN C GALLAGHER	VP STRAT. INITV TILL 2/25	40.0	Officer	$227,639	$75,951	$303,590
SHAWN O'RILEY	VP STRATEGIC PLAN (AS OF 3/25)	40.0	Officer	$226,358	$73,122	$299,480
NILA BHAUMIK	VP FOR HUMAN RESOURCES	40.0	Officer	$267,656	$29,272	$296,928
BELINDA ANDERSON	INTM DEAN, CHP AS OF 7/24	40.0	Key Emp	$241,906	$49,452	$291,358
LISA VALENTINO	FORMER INTERIM VP/GC TILL 4/24	40.0		$249,666	$40,566	$290,232
JEFFREY BARNETT	VP STUDENT AFFR AND DEAN	40.0	Officer	$214,832	$73,743	$288,575
RICHARD SCHLESINGER	FRMR DEAN, DYSON COLLEGE	40.0		$231,231	$56,328	$287,559
SONIA SUCHDAY	TRUSTEE FT FAC TILL 10/24	40.0	Director	$249,365	$36,583	$285,948
VINCENT CLARK	INTM VP DEV & ALUM AS OF 1/25	40.0	Officer	$212,954	$71,935	$284,889
STEPHANIE AKUNVABEY	AVP, CDO	40.0	Officer	$199,502	$73,720	$273,222
LEILA FRANCHI	FORMER VP FOR UNIV RELATIONS	40.0		$201,926	$54,018	$255,944
THOMAS M BRADY	TREASURER	40.0	Officer	$228,050	$19,122	$247,172
ZACHARIAH HOSSEINI	CMO & VP FOR UNVI RLTNS	40.0	Officer	$208,105	$23,277	$231,382
SUSAN DONAHUE	FMR INTM AVP HR TILL 9/21	40.0		$164,675	$65,802	$230,477
MARCUS TYE	DEAN, COLL HLTH TILL 7/24	40.0	Key Emp	$181,988	$39,914	$221,902
BERNARD DUFRESNE	FMR INTM AVP CDO TILL 7/23	40.0		$179,761	$23,512	$203,273
LISA FASTENBERG	TRUSTEE/FT FAC MB AS OF 12/2	40.0	Director	$101,101	$62,508	$163,609
PETA-GAY CLARKE	TRUSTEE	1.0	Director	$8,319	$0	$8,319
PHOTEINE M ANAGNOSTOPOULOS	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA A ABELES	TRUSTEE (AS OF 3/25)	1.0	Director	$0	$0	$0
MARK M BESCA	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL A CLINTON	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL DISIMONE	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER A EDWARDS	TRUSTEE	1.0	Director	$0	$0	$0
LISA FASTENBERG	TRUSTEE FT FAC MBR AS OF 12/24	40.0	Director	$0	$0	$0
JOSEPH R FICALORA	TRUSTEE	1.0	Director	$0	$0	$0
MARKI FLANNERY	TRUSTEE	1.0	Director	$0	$0	$0
JOHN A GERSON	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS P GIBBONS	TRUSTEE	1.0	Director	$0	$0	$0
CYNTHIA GREER GOLDSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
BARRY M GOSIN	TRUSTEE	1.0	Director	$0	$0	$0
SABRINA A GRIFFIN	TRUSTEE (AS OF 3/25)	1.0	Director	$0	$0	$0
LILIANE A HAUB	TRUSTEE	1.0	Director	$0	$0	$0
HEMANT KHEMKA	TRUSTEE	1.0	Director	$0	$0	$0
DAVID Z HIRSH	TRUSTEE	1.0	Director	$0	$0	$0
DOV HOROWITZ	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH IANNIELLO	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES MAK	TRUSTEE	1.0	Director	$0	$0	$0
MARTIN MCELROY	TRUSTEE	1.0	Director	$0	$0	$0
AUDREY MURPHY	TRUSTEE	1.0	Director	$0	$0	$0
DONNA MURPHY	TRUSTEE	1.0	Director	$0	$0	$0
JOHN T O'CONNOR	TRUSTEE (TILL 4/25)	1.0	Director	$0	$0	$0
THOMAS J QUINLAN III	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT ROBOTTI	TRUSTEE	1.0	Director	$0	$0	$0
CHRISTOPHER ROKER	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT S SANDS	TRUSTEE	1.0	Director	$0	$0	$0
SHAUN E SMITH	TRUSTEE	1.0	Director	$0	$0	$0
LANA BAILEY-TAMARO	TRUSTEE	1.0	Director	$0	$0	$0
EUGENE M TOBIN	TRUSTEE	1.0	Director	$0	$0	$0
MARIE J TOULANTIS	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT TUCKER	TRUSTEE (TILL 8/24)	1.0	Director	$0	$0	$0
SUSAN S WALLACH	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD F ZANNINO	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	$719,108,199	$707,329,389	$1,582,267,641	$11,778,810
2024	$707,688,190	$683,292,025	$1,406,912,201	$24,396,165
2023	$682,582,586	$638,143,341	$1,300,057,209	$44,439,245
2022	$627,806,353	$586,153,852	$1,093,406,747	$41,652,501
2021	$612,723,269	$569,606,672	$1,138,059,181	$43,116,597
2020	$597,655,933	$582,820,516	$707,400,303	$14,835,417
2019	$596,658,186	$587,917,926	$692,738,636	$8,740,260
2018	$581,487,317	$570,238,330	$683,334,762	$11,248,987

PACE UNIVERSITY