Cornell University

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1865

Legal Domicile

Phone

6072553790

Tax Period

2023-07-01 to 2024-06-30

Cornell University, founded in 1865, is a large national nonprofit in the Education sector that reported $6.6B in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $13.8B represent 25 months of operating reserves.

Mission

THE MISSION OF CORNELL UNIVERSITY IS TO PROVIDE UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREE PROGRAMS; TO DISCOVER, PRESERVE, AND DISSEMINATE KNOWLEDGE; PRODUCE CREATIVE WORK; AND PROMOTE A CULTURE OF BROAD INQUIRY THROUGHOUT AND BEYOND THE UNIVERSITY COMMUNITY. CORNELL ALSO AIMS, THROUGH PUBLIC SERVICE, TO ENHANCE THE LIVES AND LIVELIHOODS OF STUDENTS, THE CITIZENS OF NEW YORK STATE, AND OTHERS AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $1,995,999,000 Revenue: $1,448,086,119

CORNELL UNIVERSITY IS RENOWNED FOR ITS ACADEMIC RIGOR, INTELLECTUAL VIBRANCY, ENTREPRENEURIAL CHARACTER, AND THE DIVERSITY AND QUALITY OF ITS CURRICULA AND AREAS OF MULTIDISCIPLINARY RESEARCH AND...

CORNELL UNIVERSITY IS RENOWNED FOR ITS ACADEMIC RIGOR, INTELLECTUAL VIBRANCY, ENTREPRENEURIAL CHARACTER, AND THE DIVERSITY AND QUALITY OF ITS CURRICULA AND AREAS OF MULTIDISCIPLINARY RESEARCH AND STUDY. THE UNIVERSITY'S UNDERGRADUATE, GRADUATE, PROFESSIONAL, POST-DOCTORAL, AND CONTINUING EDUCATION PROGRAMS HAVE A GLOBAL REPUTATION FOR EXCELLENCE AND INNOVATION. CORNELL'S MAIN CAMPUS IS IN ITHACA, NEW YORK, WITH THE CAMPUSES OF WEILL CORNELL MEDICAL COLLEGE AND CORNELL TECH IN NEW YORK CITY. THE UNIVERSITY HAS A SIGNIFICANT INTERNATIONAL EDUCATIONAL PRESENCE, INCLUDING WEILL CORNELL MEDICAL COLLEGE'S CAMPUS IN DOHA, QATAR. DURING THE REPORTING YEAR, THE UNIVERSITY GRANTED THE FOLLOWING DEGREES: UNDERGRADUATE (3,877); MASTERS (3,745); D.V.M. (116); J.D. (197), AND PH.D., J.D., AND D.M.A. (601).

Program 2

Expenses: $1,723,383,000 Revenue: $1,525,818,122

MEDICAL SERVICES, INCLUDING THE TRAINING AND EDUCATION OF PHYSICIANS, IS A PRIMARY COMPONENT OF THE UNIVERSITY'S MISSION. CORNELL IS COMMITTED TO EXCELLENCE IN PATIENT CARE, SCIENTIFIC DISCOVERY, AND THE EDUCATION OF FUTURE PHYSICIANS IN NEW YORK CITY AND AROUND THE WORLD. THE DOCTORS AND SCIENTISTS OF WEILL CORNELL MEDICINE -FACULTY FROM WEILL CORNELL MEDICAL COLLEGE, WEILL CORNELL GRADUATE SCHOOL OF MEDICAL SCIENCES, AND THE WEILL CORNELL PHYSICIAN ORGANIZATION- PROVIDE CLINICAL CARE AND RESEARCH THAT CONNECT PATIENTS TO THE LATEST TREATMENT INNOVATIONS AND PREVENTION STRATEGIES.

Program 3

Expenses: $1,199,887,288 Revenue: $1,199,887,288

CORNELL HAS A LONG TRADITION OF COMBINING SCHOLARLY WORK AND LEADERSHIP IN RESEARCH -BOTH BASIC AND APPLIED- WITH PUBLIC SERVICE AND ENGAGEMENT IN NEW YORK STATE AND AROUND THE WORLD. REVENUES FROM SPONSORED AWARDS INCLUDE $939,559,000 IN DIRECT SUPPORT AND $263,765,000 IN INDIRECT COST RECOVERY. REVENUES ALSO INCLUDE GRANT AND CONTRACT REVENUE TO SUPPORT PUBLIC OUTREACH AND INSTRUCTION, THE SINGLE LARGEST PORTION IS RELATED TO RESEARCH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $621,585,553

Program Service Revenue $5,190,508,667

Investment Income $705,131,301

Other Revenue $34,659,933

TOTAL REVENUE $6,551,885,454

Expense Breakdown

Grants Paid $932,703,394

Salaries & Benefits $3,916,609,445

Fundraising Expenses $57,201,980

Program Expenses $5,988,166,573

Other Expenses $1,559,721,729

TOTAL EXPENSES $6,409,742,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,551,885,454	$5,877,363,039	+0.1%
Expenses	$6,409,742,353	$5,846,117,271	+0.1%
Net Income	$142,143,101	$31,245,768	+3.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

47247

Volunteers

5339

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

$6,765,465

Total Directors

$2,071,139

Key Employees

$7,777,293

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA E POLLACK	PRESIDENT	55.0	Officer Director	$1,680,854	$51,850	$1,732,704
ABIGAIL C COHN	PROFESSOR & TRUSTEE	2.0	Director	$143,663	$39,364	$183,027
ALEXANDER D HANSON	TRUSTEE	2.0	Director	$0	$0	$0
ANA G PINCZUK	TRUSTEE	2.0	Director	$0	$0	$0
A'NDREA L VAN SCHOICK	TRUSTEE	2.0	Director	$0	$0	$0
ANDREA STEWART-COUSINS	TRUSTEE	2.0	Director	$0	$0	$0
ANNE MEINIG SMALLING	TRUSTEE	2.0	Director	$0	$0	$0
ARYAN SHAYEGANI MD	TRUSTEE	2.0	Director	$0	$0	$0
BETH ANDERSON	TRUSTEE	2.0	Director	$0	$0	$0
BRADLEY H STONE	TRUSTEE	2.0	Director	$0	$0	$0
BRUCE S RAYNOR	TRUSTEE	2.0	Director	$0	$0	$0
CARL E HEASTIE	TRUSTEE	2.0	Director	$0	$0	$0
DALE S ROSENTHAL	TRUSTEE	2.0	Director	$0	$0	$0
DAN BROMBERG	GRADUATE STUDENT & TRUSTEE	2.0	Director	$31,152	$0	$31,152
DAVID J BREAZZANO	TRUSTEE	2.0	Director	$0	$0	$0
DAVID R LEE	PROFESSOR & TRUSTEE	2.0	Director	$1,207	$1,207	$2,414
DEBORAH J ARRINDELL	TRUSTEE	2.0	Director	$0	$0	$0
DOUG MITAROTONDA	TRUSTEE	2.0	Director	$0	$0	$0
ELDORA ELLISON	TRUSTEE	2.0	Director	$0	$0	$0
ENRIQUE J VILA-BIAGGI	TRUSTEE	2.0	Director	$0	$0	$0
ERIC KUTCHER	TRUSTEE	2.0	Director	$0	$0	$0
EZRA CORNELL	TRUSTEE	2.0	Director	$0	$0	$0
GARY S DAVIS	CO-VICE CHAIRMAN	2.0	Director	$0	$0	$0
GILDA PEREZ-ALVARADO	TRUSTEE	2.0	Director	$0	$0	$0
GIRISH V REDDY	TRUSTEE	0.2	Director	$0	$0	$0
HARRIET P SCHLEIFER	TRUSTEE	2.0	Director	$0	$0	$0
HEI HEI DEPEW	EMPLOYEE & TRUSTEE	2.0	Director	$94,799	$25,043	$119,842
HERNAN J SAENZ	TRUSTEE	2.0	Director	$0	$0	$0
HON STEPHEN C ROBINSON	TRUSTEE	2.0	Director	$0	$0	$0
HOWARD L MORGAN	TRUSTEE	2.0	Director	$0	$0	$0
HOWARD P MILSTEIN	TRUSTEE	2.0	Director	$0	$0	$0
J ALLEN SMITH	TRUSTEE	2.0	Director	$0	$0	$0
JENNIFER L DAVIS	TRUSTEE	2.0	Director	$0	$0	$0
JESSICA M BIBLIOWICZ	TRUSTEE	2.0	Director	$0	$0	$0
JIA ZHU	TRUSTEE	2.0	Director	$0	$0	$0
JOHN CERIALE	TRUSTEE	2.0	Director	$0	$0	$0
JOHN R TOOHEY-MORALES	TRUSTEE	2.0	Director	$0	$0	$0
JP SWENSON	STUDENT & TRUSTEE	2.0	Director	$0	$0	$0
K LISA YANG	TRUSTEE	2.0	Director	$0	$0	$0
KATHY HOCHUL	TRUSTEE & GOVERNOR	2.0	Director	$0	$0	$0
KATRINA E JAMES	Co-Vice Chairman	2.0	Director	$0	$0	$0
KEVIN JACOBS	TRUSTEE	2.0	Director	$0	$0	$0
KEVIN JOHNSON	TRUSTEE	2.0	Director	$0	$0	$0
KIMBERLY A WAGNER	TRUSTEE	2.0	Director	$0	$0	$0
KIMBERLY N DOWDELL	TRUSTEE	2.0	Director	$0	$0	$0
KRAIG H KAYSER	Chairman	2.0	Director	$0	$0	$0
LINDA M GADSBY	TRUSTEE	2.0	Director	$0	$0	$0
MARIO CILENTO	TRUSTEE	2.0	Director	$0	$0	$0
MARTIN F SCHEINMAN ESQ	TRUSTEE	2.0	Director	$2,000	$0	$2,000
MARY ARMSTRONG MEDUSKI	TRUSTEE	2.0	Director	$0	$0	$0
MATTHEW L BIBEN	TRUSTEE	2.0	Director	$0	$0	$0
MICHAEL L THOMPSON	TRUSTEE	2.0	Director	$0	$0	$0
PAUL D RUBACHA	TRUSTEE	2.0	Director	$0	$0	$0
PEGGY J KOENIG	CO-VICE CHAIRMAN	2.0	Director	$0	$0	$0
PETER R CALL	TRUSTEE	2.0	Director	$0	$0	$0
REBECCA ROBERTSON	TRUSTEE	2.0	Director	$0	$0	$0
REUBEN A MUNDAY	TRUSTEE	2.0	Director	$0	$0	$0
RICHARD S EMMET	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT JAIN	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT W SELANDER	TRUSTEE	2.0	Director	$0	$0	$0
SUSAN C SCHNABEL	TRUSTEE	2.0	Director	$0	$0	$0
VALISHA GRAVES	TRUSTEE	2.0	Director	$0	$0	$0
WILLIAM J LIPINSKI	TRUSTEE	2.0	Director	$0	$0	$0
WILLIAM LIM	TRUSTEE	2.0	Director	$0	$0	$0
CHRISTOPHER J COWEN	EVP & CFO	55.0	Officer	$754,218	$39,762	$793,980
DONICA VARNER	UNIVERSITY COUNSEL	55.0	Officer	$746,710	$50,139	$796,849
FRANCIS LEE	INTERIM DEAN OF WCM (1/1/23 - 9/11/23)	55.0	Officer	$1,296,545	$69,463	$1,366,008
MICHAEL I KOTLIKOFF	PROVOST	55.0	Officer	$910,010	$103,853	$1,013,863
ROBERT HARRINGTON	PROVOST FOR MEDICAL AFFAIRS & DEAN	55.0	Officer	$1,056,314	$5,747	$1,062,061
KENNETH MIRANDA	CHIEF INVESMENT OFFICER	55.0	Key Emp	$2,803,490	$34,533	$2,838,023
ROBERT J MIN MD	PRES. & CEO OF PHYSICIAN ORG	55.0	Key Emp	$2,802,847	$45,940	$2,848,787
SCOTT PUCCINO	CFO & ASSOC. TREASURER - WEILL	55.0	Key Emp	$1,114,256	$46,069	$1,160,325
THOMAS STOKES	VP FOR FINANCE/CFO WCM	55.0	Key Emp	$861,171	$68,987	$930,158
HEY-JOO KANG MD	ASSOCIATE PROFESSOR - CLINICAL	55.0	Highest	$5,361,742	$58,339	$5,420,081
KIEHYUN DANIEL RIEW MD	ASSISTANT PROFESSOR	55.0	Highest	$6,145,652	$67,960	$6,213,612
LEONARD GIRARDI MD	ACADEMIC CHAIR	55.0	Highest	$5,906,735	$46,485	$5,953,220
RONY T ELIAS MD	ASSISTANT PROFESSOR	55.0	Highest	$4,600,187	$58,820	$4,659,007
ZEV ROSENWAKS MD	ACADEMIC PROFESSOR	55.0	Highest	$9,323,175	$58,782	$9,381,957
AUGUSTINE MK CHOI MD	FORMER PROVOST - MEDICAL AFFAIRS & DEAN	55.0		$1,971,609	$46,069	$2,017,678
JOANNE M DESTEFANO	FORMER CFO & EVP	55.0		$529,996	$55,535	$585,531

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	$6,551,885,454	$6,409,742,353	$18,612,463,436	$142,143,101
2023	$5,877,363,039	$5,846,117,271	$17,336,489,402	$31,245,768
2022	$6,503,011,003	$5,456,954,931	$17,439,114,941	$1,046,056,072
2021	$6,105,457,911	$5,392,092,121	$17,400,544,171	$713,365,790
2020	$5,126,693,316	$5,178,905,382	$14,446,875,157	$-52,212,066
2019	$5,001,986,844	$4,868,291,690	$13,646,556,749	$133,695,154
2018	$5,023,263,037	$4,604,733,720	$13,318,967,667	$418,529,317