SYRACUSE 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

1870

Legal Domicile

Principal Officer

KENT SYVERUD

Phone

3154433765

Tax Period

2024-07-01 to 2025-06-30

SYRACUSE UNIVERSITY, founded in 1870, is a large national nonprofit in the Education sector that reported $2.0B in total revenue in fiscal year 2024. Expenses of $1.8B left a modest 11% surplus.

Mission

ORGANIZATION'S MISSIONAS A UNIVERSITY WITH THE CAPACITY TO ATTRACT AND ENGAGE THE BEST SCHOLARS FROM AROUND THE WORLD, YET SMALL ENOUGH TO SUPPORT A PERSONALIZED AND ACADEMICALLY RIGOROUS STUDENT EXPERIENCE, SYRACUSE UNIVERSITY FACULTY AND STAFF SUPPORT STUDENT SUCCESS BY:- ENCOURAGING GLOBAL STUDY, EXPERIENTIAL LEARNING, INTERDISCIPLINARYSCHOLARSHIP, CREATIVITY, AND ENTREPRENEURIAL ENDEAVORS- BALANCING PROFESSIONAL STUDIES WITH AN INTENSIVE LIBERAL ARTS EDUCATION- PROMOTING A CULTURE OF INNOVATION AND DISCOVERY- SUPPORTING FACULTY, STAFF, AND STUDENT COLLABORATION IN CREATIVE ACTIVITY AND RESEARCH THAT ADDRESS EMERGING OPPORTUNITIES AND SOCIETAL NEEDS- MAINTAINING PRIDE IN OUR LOCATION AND HISTORY AS A PLACE OF ACCESS, ENGAGEMENT, INNOVATION, AND IMPACT.

Program Service Accomplishments

Program 1

Expenses: $951,213,466

INSTRUCTION AND DEPARTMENTAL RESEARCH:EXPENDITURES IN THIS AREA INCLUDE SALARIES AND BENEFITS FOR FACULTY, SCHOLARSHIPS AND GRANTS TO STUDENTS, AND SUPPORT FOR FACILITIES AND EQUIPMENT, CONDUCTED FOR THE BENEFIT OF APPROXIMATELY 16,000 UNDERGRADUATE AND 6,600 GRADUATE AND LAW STUDENTS ENROLLED AT SYRACUSE UNIVERSITY.

Program 2

Expenses: $329,832,072 Revenue: $1,385,821,678

STUDENT SERVICES:EXPENDITURES IN THIS AREA INCLUDE SUPPORT SERVICES FOR THE UNIVERSITY'S UNDERGRADUATE FRESHMEN AND SOPHOMORES. THE UNIVERSITY HAS A TWO-YEAR RESIDENCE REQUIREMENT FOR FRESHMEN AND...

STUDENT SERVICES:EXPENDITURES IN THIS AREA INCLUDE SUPPORT SERVICES FOR THE UNIVERSITY'S UNDERGRADUATE FRESHMEN AND SOPHOMORES. THE UNIVERSITY HAS A TWO-YEAR RESIDENCE REQUIREMENT FOR FRESHMEN AND SOPHOMORES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND THEIR INTELLECTUAL, AND SOCIAL DEVELOPMENT OUTSIDE THE FORMAL INSTRUCTION PROGRAM.

Program 3

Expenses: $89,983,758 Revenue: $129,622,106

SPONSORED RESEARCH AND OTHER RELATED ACTIVITIES:EXPENDITURES IN THIS AREA INCLUDE RESEARCH AND SIMILAR ACTIVITY FUNDED BY GRANTS FROM THE PUBLIC, PRIVATE, AND NON-PROFIT SECTORS.

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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 $89,590,014

Program Service Revenue $1,687,230,478

Investment Income $191,190,750

Other Revenue $523,548

TOTAL REVENUE $1,968,534,790

Expense Breakdown

Grants Paid $477,328,221

Salaries & Benefits $785,628,229

Fundraising Expenses $29,792,209

Program Expenses $1,667,564,719

Other Expenses $490,137,415

TOTAL EXPENSES $1,753,093,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,968,534,790	$1,864,892,391	+0.1%
Expenses	$1,753,093,865	$1,732,103,097	+0.0%
Net Income	$215,440,925	$132,789,294	+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

17116

Volunteers

1477

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

$5,624,957

Total Directors

$1,845,442

Key Employees

$1,019,052

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT SYVERUD	CHANCELLOR AND PRESIDENT	60.00	Officer Director	$1,268,926	$576,516	$1,845,442
PATRICK J AHEARN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD M ALEXANDER	VICE CHAIR	3.00	Director	$0	$0	$0
STEVEN W BALLENTINE	TRUSTEE	3.00	Director	$0	$0	$0
SHARON R BARNER	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN W BARNES	VICE CHAIR	3.00	Director	$0	$0	$0
STEVEN R BECKER	TRUSTEE	1.00	Director	$0	$0	$0
NAOMI BERGMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW T BERLIN	TRUSTEE	1.00	Director	$0	$0	$0
ALONNA BERRY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL E BLACKSHEAR	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE A CARONA	TRUSTEE	3.00	Director	$0	$0	$0
VINCENT H COHEN JR	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN L EINHORN	TRUSTEE	1.00	Director	$0	$0	$0
CLIFFORD J ENSLEY	TRUSTEE	3.00	Director	$0	$0	$0
HAROLD A FETNER	TRUSTEE	3.00	Director	$0	$0	$0
SHELLY L FISHER	TRUSTEE	3.00	Director	$0	$0	$0
ELISABETH FONTENELLI	TRUSTEE	3.00	Director	$0	$0	$0
PETER GIANESINI JR	TRUSTEE	1.00	Director	$0	$0	$0
RAJ-ANN REKHI GILL	TRUSTEE	3.00	Director	$0	$0	$0
NEIL A GOLD	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN D GROSSMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN H HAGERTY	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH A HENRETTA	TRUSTEE	1.00	Director	$0	$0	$0
ALLEGRA F IVEY	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD M JONES	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE S KRAMER	VICE CHAIR	3.00	Director	$0	$0	$0
JOHN A LALLY	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE E LARSEN	VICE CHAIR	3.00	Director	$0	$0	$0
DEBORAH R LEONE	TRUSTEE	3.00	Director	$0	$0	$0
JEANNINE L LOSTRITTO	TRUSTEE	1.00	Director	$0	$0	$0
RAQUEL-ANN MCNABB	TRUSTEE	1.00	Director	$0	$0	$0
GISELE A MARCUS	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA H MAUTINO	TRUSTEE	3.00	Director	$0	$0	$0
SANDRA CORDOVA MICEK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL A NEWHOUSE	TRUSTEE	1.00	Director	$0	$0	$0
TONIA O'CONNOR	TRUSTEE	1.00	Director	$0	$0	$0
RONALD P O'HANLEY	TRUSTEE	3.00	Director	$0	$0	$0
EDWARD PETTINELLA	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE PHANSTIEL	TRUSTEE	3.00	Director	$0	$0	$0
KENNETH A PONTARELLI	TRUSTEE	3.00	Director	$0	$0	$0
DOUGLAS A PRESENT	TRUSTEE	3.00	Director	$0	$0	$0
KIRTHIGA U REDDY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN RESNICK	TRUSTEE	1.00	Director	$0	$0	$0
FRANK RYAN IV	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY M SCRUGGS	BOARD CHAIRMAN	10.00	Director	$0	$0	$0
MICHAEL T TIRICO	VICE CHAIR	3.00	Director	$0	$0	$0
KATHLEEN A WALTERS	CHAIR EMERITUS	2.00	Director	$0	$0	$0
MICHAEL R VENUTOLO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID N WATSON	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD E WOOLLEY	TRUSTEE	3.00	Director	$0	$0	$0
DAVID M ZASLAV	TRUSTEE	1.00	Director	$0	$0	$0
J MICHAEL HAYNIE	VC STRAT. INITIATIVES & INNOVATION	60.00	Officer	$866,515	$145,622	$1,012,137
GABE NUGENT	SVP & GENERAL COUNSEL	60.00	Officer	$877,538	$35,234	$912,772
BRETT PADGETT	SVP & CHIEF FINANCIAL OFFICER	60.00	Officer	$833,206	$61,700	$894,906
MARY OPPERMAN	SVP & UNIVERSITY SECRETARY	60.00	Officer	$464,729	$53,782	$518,511
LOIS AGNEW	INTERIM VICE CHANCELLOR & PROVOST	60.00	Officer	$379,744	$61,445	$441,189
ALLEN GROVES	SVP & CHIEF STUDENT EXPERIENCE OFF.	60.00	Key Emp	$488,058	$54,144	$542,202
BEHZAD MORTAZAVI	DEAN OF ARTS & SCIENCE	60.00	Key Emp	$431,489	$45,361	$476,850
FRANCIS BROWN	FOOTBALL HEAD COACH	60.00	Highest	$3,073,809	$62,435	$3,136,244
ADRIAN AUTRY	BASKETBALL HEAD COACH	60.00	Highest	$2,136,694	$62,956	$2,199,650
ELIJAH ROBINSON	FOOTBALL DEFENSIVE COORDINATOR	60.00	Highest	$1,519,716	$62,488	$1,582,204
CANDACE CAMPBELL JACKSON	SVP AND CHIEF OF STAFF	60.00	Highest	$1,035,992	$158,177	$1,194,169
FELISHA LEGETTE-JACK	BASKETBALL HEAD COACH	60.00	Highest	$928,200	$61,899	$990,099
GRETCHEN RITTER	FMR VC, PROVOST & CHF ACADEMIC OFF.	60.00		$854,433	$44,761	$899,194
MICHELE WHEATLY	FORMER VICE CHANCELLOR & PROVOST	60.00		$331,615	$56,756	$388,371
LISA DOLAK	FORMER SVP & UNIV SEC/PROF	60.00		$229,680	$34,441	$264,121
KARIN RUHLANDT	FORMER DEAN OF ARTS & SCI	60.00		$143,716	$30,970	$174,686

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	$1,968,534,790	$1,753,093,865	$5,433,960,735	$215,440,925
2024	$1,864,892,391	$1,732,103,097	$4,676,447,711	$132,789,294
2023	$1,739,194,343	$1,605,970,896	$4,268,712,597	$133,223,447
2022	$1,729,445,030	$1,493,187,941	$4,035,936,698	$236,257,089
2021	$1,510,275,831	$1,349,889,136	$3,919,538,933	$160,386,695
2020	$1,522,525,721	$1,411,580,571	$3,525,794,177	$110,945,150
2019	$1,523,155,355	$1,368,544,252	$3,208,471,300	$154,611,103
2018	$1,409,942,742	$1,284,205,296	$3,035,514,012	$125,737,446