Rochester Institute of Technology (EIN 160743140) - 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

1830

Legal Domicile

Phone

5854752383

Tax Period

2024-07-01 to 2025-06-30

Rochester Institute of Technology, founded in 1830, is a large national nonprofit in the Education sector that reported $1.2B in total revenue in fiscal year 2024. Expenses of $1.1B left a modest 4% surplus.

Mission

ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD.

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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 $210,894,542

Program Service Revenue $872,955,783

Investment Income $80,881,377

Other Revenue $8,965,003

TOTAL REVENUE $1,173,696,705

Expense Breakdown

Grants Paid $421,007,940

Salaries & Benefits $480,992,691

Fundraising Expenses $13,551,210

Program Expenses $1,041,825,242

Other Expenses $223,941,756

TOTAL EXPENSES $1,125,942,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,173,696,705	$1,155,931,634	+0.0%
Expenses	$1,125,942,387	$1,091,883,625	+0.0%
Net Income	$47,754,318	$64,048,009	-0.3%

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

12536

Volunteers

4110

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

$6,935,413

Total Directors

$1,421,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID C MUNSON	PRESIDENT	40.0	Officer Director	$1,309,891	$112,034	$1,421,925
FRANK S SKLARSKY	TRUSTEE	0.1	Officer Director	$0	$0	$0
JEFFREY K HARRIS	TRUSTEE	0.1	Officer Director	$0	$0	$0
SUSAN M PUGLIA	TRUSTEE	0.1	Officer Director	$0	$0	$0
SUSAN R HOLLIDAY	TRUSTEE	0.1	Officer Director	$0	$0	$0
ANDREW N BRENNEMAN	TRUSTEE	0.1	Director	$0	$0	$0
ANDREW R JACOBSON	TRUSTEE	0.1	Director	$0	$0	$0
ARTHUR A GOSNELL	TRUSTEE	0.1	Director	$0	$0	$0
AUSTIN W MCCHORD	TRUSTEE	0.1	Director	$0	$0	$0
BRENDA HAYNES	TRUSTEE	0.1	Director	$0	$0	$0
BRIAN P O'SHAUGHNESSY	TRUSTEE	0.1	Director	$0	$0	$0
BRITTA MACINTOSH	TRUSTEE	0.1	Director	$0	$0	$0
BROOKS H BOWER	TRUSTEE	0.1	Director	$0	$0	$0
CAROL B CALA	TRUSTEE	0.1	Director	$0	$0	$0
CHANCE WRIGHT	TRUSTEE	0.1	Director	$0	$0	$0
CHESTER N WATSON	TRUSTEE	0.1	Director	$0	$0	$0
CHRISTINE B WHITMAN	TRUSTEE	0.1	Director	$0	$0	$0
CHRISTOPHER LEHFELDT	TRUSTEE	0.1	Director	$0	$0	$0
CLAYTON P TURNER	TRUSTEE	0.1	Director	$0	$0	$0
DALE J DAVIS	TRUSTEE	0.1	Director	$0	$0	$0
DARSHAN N HIRANANDANI	TRUSTEE	0.1	Director	$0	$0	$0
DAVID J BURNS	TRUSTEE	0.1	Director	$0	$0	$0
DINAH G WEISBERG	TRUSTEE	0.1	Director	$0	$0	$0
DONALD J TRUESDALE	TRUSTEE	0.1	Director	$0	$0	$0
EFRAIN RIVERA	TRUSTEE	0.1	Director	$0	$0	$0
GERARD Q PIERCE	TRUSTEE	0.1	Director	$0	$0	$0
HYACINTH DRUMMOND	TRUSTEE	0.1	Director	$0	$0	$0
JAMES P SWIFT	TRUSTEE	0.1	Director	$0	$0	$0
JANE ELLIOTT	TRUSTEE	0.1	Director	$0	$0	$0
JEFFREY BENCK	TRUSTEE	0.1	Director	$0	$0	$0
JONATHAN BUDINGTON	TRUSTEE	0.1	Director	$0	$0	$0
JORGE M RODRIGUEZ	TRUSTEE	0.1	Director	$0	$0	$0
KATHY M YU	TRUSTEE	0.1	Director	$0	$0	$0
KEVIN J SURACE	TRUSTEE	0.1	Director	$0	$0	$0
KIM E VANGELDER	TRUSTEE	0.1	Director	$0	$0	$0
MARK G BARBERIO	TRUSTEE	0.1	Director	$0	$0	$0
NICHOLAS M SCHNEIDER	TRUSTEE	0.1	Director	$0	$0	$0
ORLANDO ORTIZ	TRUSTEE	0.1	Director	$0	$0	$0
PAMELA LLOYD-OGOKE	TRUSTEE	0.1	Director	$0	$0	$0
RICHARD DAVIS	TRUSTEE	0.1	Director	$0	$0	$0
RICK A KITTLES PHD	TRUSTEE	0.1	Director	$0	$0	$0
ROBERT W AUGUST	TRUSTEE	0.1	Director	$0	$0	$0
RONALD L ZARRELLA	TRUSTEE	0.1	Director	$0	$0	$0
RONALD S RICOTTA	TRUSTEE	0.1	Director	$0	$0	$0
ROOSEVELT MERCER JR	TRUSTEE	0.1	Director	$0	$0	$0
SHARON D NAPIER	TRUSTEE	0.1	Director	$0	$0	$0
VICTORIA D DECKER	TRUSTEE	0.1	Director	$0	$0	$0
GERARD BUCKLEY	PRESIDENT NTID & VP AND DEAN RIT	40.0	Officer	$396,322	$61,325	$457,647
JAMES H WATTERS	SVP FINANCE AND ADMINISTRATION	40.0	Officer	$685,910	$57,109	$743,019
JOHN K TRIERWEILER	VP CHIEF MARKETING OFFICER	40.0	Officer	$359,436	$59,144	$418,580
KATHLEEN DAVIS	VP ENROLLMENT MGMT & ASSOC PROVOST	40.0	Officer	$344,438	$61,716	$406,154
KEITH JENKINS	VP & ASSOCIATE PROVOST FOR ACCESS, ENGAGEMENT, AND SUCCESS	40.0	Officer	$274,325	$71,588	$345,913
LISA A CHASE	VP & SECRETARY OF THE UNIVERSITY	40.0	Officer	$270,806	$52,661	$323,467
PHILLIP D CASTLEBERRY	VP UNIVERSITY ADVANCEMENT	40.0	Officer	$463,163	$64,914	$528,077
PRABU DAVID	PROVOST & SR VP FOR ACADEMIC AFFAIRS	40.0	Officer	$545,850	$50,806	$596,656
ROBERT COLON	VP & GENERAL COUNSEL	40.0	Officer	$391,539	$60,860	$452,399
RYNE RAFFAELLE	VP RESEARCH	40.0	Officer	$396,149	$54,224	$450,373
SANDRA S JOHNSON	SVP STUDENT AFFAIRS	40.0	Officer	$385,574	$66,873	$452,447
VANESSA J HERMAN	VP FOR GOVT & COMMUNITY RELATIONS	40.0	Officer	$289,733	$49,023	$338,756
DONALD F FIGER	PROF AND DIR CENTER FOR DETECTORS	40.0	Highest	$357,848	$50,656	$408,504
DOREEN EDWARDS	DEAN COLLEGE OF ENGINEERING	40.0	Highest	$367,899	$55,518	$423,417
ERSIN UZUN	KATHERINE JOHNSON ENDOWED EXEC. DIR. GLOBAL CYBERSECURITY INSTITUTE	40.0	Highest	$430,941	$32,099	$463,040
JACQUELINE MOZRALL	DEAN SAUNDERS COLLEGE OF BUSINESS	40.0	Highest	$446,139	$64,255	$510,394
NABIL Z NASR	ASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY	40.0	Highest	$647,725	$64,987	$712,712
CHRISTINE M LICATA	VICE PROVOST FOR ACADEMIC AFFAIRS	40.0		$206,337	$33,885	$240,222
COLLEEN F PETERSON	ASSOCIATE VP ENROLLMENT MANAGEMENT	40.0		$233,678	$50,299	$283,977
KAREN A BARROWS	CHIEF OF STAFF	40.0		$161,293	$25,223	$186,516

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	$1,173,696,705	$1,125,942,387	$2,967,494,524	$47,754,318
2024	No data	No data	No data	No data
2023	$1,042,122,687	$997,198,958	$2,692,370,868	$44,923,729
2022	$1,071,324,345	$922,322,587	$2,526,196,996	$149,001,758
2021	$909,573,181	$834,790,858	$2,550,492,860	$74,782,323
2020	$849,584,640	$813,924,493	$2,165,976,339	$35,660,147
2019	$846,261,436	$797,214,115	$2,018,540,095	$49,047,321
2018	$846,043,530	$679,958,794	$1,958,756,365	$166,084,736

Rochester Institute of Technology