NAZARETH UNIVERSITY

EIN: 160743088 501(c)(3) Education

ROCHESTER, NY

Total Revenue
$140,046,461
Total Expenses
$134,268,970
Total Assets
$300,525,168
Net Assets
$242,778,127
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
NY
Principal Officer
DR ELIZABETH PAUL
Phone
5853892525
Tax Period
2024-07-01 to 2025-06-30

NAZARETH UNIVERSITY, founded in 1924, is a major nonprofit in the Education sector that reported $140.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $134.3M left a modest 4% surplus.

Mission

NAZARETH UNIVERSITY FOSTERS INTEGRATED LEARNING THROUGH ACTION AND REFLECTION, EDUCATING WHOLE PERSONS WHO ARE GUIDED BY EMPATHY, COMMITTED TO EQUITY, AND PREPARED TO LEAD INNOVATION FOR OUR TIME.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,134,071
Program Service Revenue $112,736,041
Investment Income $10,393,040
Other Revenue $1,783,309
TOTAL REVENUE $140,046,461

Expense Breakdown

Grants Paid $40,400,996
Salaries & Benefits $51,293,525
Fundraising Expenses $1,473,031
Program Expenses $121,028,737
Other Expenses $42,574,449
TOTAL EXPENSES $134,268,970

Year-over-Year Comparison

2024 2023 Change
Revenue $140,046,461 $126,346,770 +0.1%
Expenses $134,268,970 $131,200,808 +0.0%
Net Income $5,777,491 $-4,854,038 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
32
Independent Members
30
Employees
2274
Volunteers
251

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
8
$1,652,751
Total Directors
32
$628,006
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH PAUL PRESIDENT AND TRUSTEE 50.00
Officer Director
$497,935 $35,249 $533,184
STEPHEN HILL FACULTY REPRESENTATIVE 35.00
Director
$71,629 $23,193 $94,822
YOLANDA BENITEZ TRUSTEE 2.00
Director
$0 $0 $0
STEPHEN BROWN TRUSTEE 2.00
Director
$0 $0 $0
SCOTT D CHAPMAN TRUSTEE 2.00
Director
$0 $0 $0
BRIAN COOPER TRUSTEE 2.00
Director
$0 $0 $0
JOHN DRAIN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
EMIL DUDA TRUSTEE 2.00
Director
$0 $0 $0
SERGIO ESTEBAN TRUSTEE 2.00
Director
$0 $0 $0
CAROL A FITZSIMMONS TRUSTEE 2.00
Director
$0 $0 $0
TIMOTHY FOURNIER TRUSTEE 2.00
Director
$0 $0 $0
ROGER B FRIEDLANDER TRUSTEE 2.00
Director
$0 $0 $0
CRAIG GAFFNEY TRUSTEE 2.00
Director
$0 $0 $0
ANDREW R GALLINA BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
JENNIFER GARSIN TRUSTEE 2.00
Director
$0 $0 $0
KENNETH GLAZER TRUSTEE 2.00
Director
$0 $0 $0
ANNE MCCAFFREY TRUSTEE 2.00
Director
$0 $0 $0
RICHARD A KAPLAN TRUSTEE 2.00
Director
$0 $0 $0
EDWARD LEVA TRUSTEE 2.00
Director
$0 $0 $0
DANIELLE ABRAMSON TRUSTEE 2.00
Director
$0 $0 $0
DUFFY PALMER TRUSTEE (LEFT 8/24) 2.00
Director
$0 $0 $0
RICHARD F PIERPONT TRUSTEE 2.00
Director
$0 $0 $0
ALLISON PRATT TRUSTEE 2.00
Director
$0 $0 $0
GRANT J RANDALL TRUSTEE 2.00
Director
$0 $0 $0
JEFFERY ROLOSON TRUSTEE 2.00
Director
$0 $0 $0
JUSTIN STEVENS TRUSTEE 2.00
Director
$0 $0 $0
CORAL SURGEON TRUSTEE 2.00
Director
$0 $0 $0
SUSAN GENTHNER TRUSTEE 2.00
Director
$0 $0 $0
RYAN FELTNER TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL PERRONE TRUSTEE 2.00
Director
$0 $0 $0
MIGUEL VELAZQUEZ TRUSTEE 2.00
Director
$0 $0 $0
MARY LOUISE MITCHELL SSJ TRUSTEE 2.00
Director
$0 $0 $0
MAUREEN FINNEY PROVOST IN ACADEMIC AFFAIRS 50.00
Officer
$245,237 $32,076 $277,313
KAREN KUPPINGER VP FOR FINANCE AND ADMINISTRATION 50.00
Officer
$218,945 $15,762 $234,707
DARRELL BELL VP FOR ADVANCEMENT 50.00
Officer
$200,195 $16,832 $217,027
WAYNE HILSON VP OF CULTURE, COMMUNITY, 50.00
Officer
$152,653 $15,123 $167,776
DANIELLE BUCCI VP FOR STRATEGIC ENROLLMEN 50.00
Officer
$197,819 $24,925 $222,744
KRISTEN GREEN ASSOCIATE VICE PRESIDENT FOR FINANCE AND CONTROLLE 50.00
Highest
$134,248 $26,276 $160,524
DAMIKA ARNOLD CHIEF PEOPLE OFFICER 50.00
Highest
$159,301 $17,247 $176,548
CATHERINE S RASMUSSEN DEAN SCHOOL OF HEALTH AND 50.00
Highest
$162,080 $11,756 $173,836
THOMAS LAPPAS DEAN IN COLLEGE OF LIBERAL 50.00
Highest
$160,000 $11,581 $171,581
KIMBERTY HARVEY FORMER ASSOCIATE PROVOST AND DEAN OF STUDENTS 50.00
Highest
$146,955 $13,958 $160,913
YOUSUF GEORGE FORMER VP FOR STRATEGY AND INNOVA 50.00
$169,838 $51,826 $221,664
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 $140,046,461 $134,268,970 $300,525,168 $5,777,491
2024 $126,346,770 $131,200,808 $291,769,437 $-4,854,038
2023 $138,444,366 $124,658,313 $289,521,924 $13,786,053
2022 $124,085,026 $124,046,907 $285,294,834 $38,119
2021 $122,635,159 $116,540,325 $299,176,817 $6,094,834
2020 $119,759,441 $120,316,569 $275,136,179 $-557,128
2019 $124,900,765 $122,151,021 $283,164,436 $2,749,744
2018 $122,014,172 $114,134,653 $279,915,123 $7,879,519
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