MONMOUTH UNIVERSITY INC (EIN 210634584) - 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

1948

Legal Domicile

Principal Officer

PATRICK F LEAHY

Phone

7325713407

Tax Period

2024-07-01 to 2025-06-30

MONMOUTH UNIVERSITY INC, founded in 1948, is a major nonprofit in the Education sector that reported $277.4M in total revenue in fiscal year 2024.

Mission

MONMOUTH UNIVERSITY IS A COMPREHENSIVE INSTITUTION OF HIGHER EDUCATION (CONTINUED ON SCH. O) COMMITTED TO EXCELLENCE AND INTEGRITY IN TEACHING, SCHOLARSHIP AND SERVICE.

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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 $21,690,680

Program Service Revenue $239,140,357

Investment Income $14,629,413

Other Revenue $1,894,074

TOTAL REVENUE $277,354,524

Expense Breakdown

Grants Paid $86,987,765

Salaries & Benefits $121,046,973

Fundraising Expenses $2,846,919

Program Expenses $226,906,968

Other Expenses $61,983,282

TOTAL EXPENSES $270,018,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,354,524	$282,566,733	0.0%
Expenses	$270,018,020	$264,233,676	+0.0%
Net Income	$7,336,504	$18,333,057	-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

2936

Volunteers

891

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

$2,860,205

Total Directors

$1,155,725

Key Employees

$2,270,556

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK F LEAHY	PRESIDENT	63.00	Officer Director	$943,171	$212,554	$1,155,725
CHRISTOPHER D MAHER	TRUSTEE AND CHAIRMAN	7.00	Officer Director	$0	$0	$0
LESLIE N HITCHNER	TRUSTEE AND VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
TASHA ANN YOUNGBLOOD BROWN	TRUSTEE AND VICE CHAIRMAN	7.00	Officer Director	$0	$0	$0
STEPHEN E GERARD	TRUSTEE AND TREASURER	5.00	Officer Director	$0	$0	$0
DEAN Q LIN	TRUSTEE AND SECRETARY	3.00	Officer Director	$0	$0	$0
MILES AUSTIN III	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL V BENEDETTO	TRUSTEE	2.00	Director	$0	$0	$0
JOHN A BROCKRIEDE JR	TRUSTEE	1.00	Director	$0	$0	$0
JOHN C CONOVER III	TRUSTEE	1.00	Director	$0	$0	$0
KARYN F CUSANELLI	TRUSTEE	2.00	Director	$0	$0	$0
MARY VADEN EISENSTADT	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GRUNIN	TRUSTEE	1.00	Director	$0	$0	$0
KANESHA K JONES	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND G KLOSE	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE KOLBER	TRUSTEE	1.00	Director	$0	$0	$0
MARI C KOVACH	TRUSTEE	1.00	Director	$0	$0	$0
NANCY A LEIDERSDORFF	TRUSTEE	1.00	Director	$0	$0	$0
ALAINA L LOVE	TRUSTEE	1.00	Director	$0	$0	$0
LISA MCKEAN	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS J MICHELLI	TRUSTEE	2.00	Director	$0	$0	$0
VALERIE MONTECALVO	TRUSTEE	1.00	Director	$0	$0	$0
TAVIT O NAJARIAN	TRUSTEE	1.00	Director	$0	$0	$0
BAYAAN A OLUYADI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A REALE	TRUSTEE (AS OF 07/2024)	1.00	Director	$0	$0	$0
ROCIO F SEREY	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER W SHAW	TRUSTEE	2.00	Director	$0	$0	$0
MARK SKESAVAGE	TRUSTEE	1.00	Director	$0	$0	$0
CAROL A STILLWELL	TRUSTEE	1.00	Director	$0	$0	$0
MARIANNE HESSE	LIFE TRUSTEE	1.00	Director	$0	$0	$0
HAROLD L HODES	LIFE TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM B ROBERTS	LIFE TRUSTEE	1.00	Director	$0	$0	$0
RICHARD F VEIT JR - PROVOST	& SENIOR VP FOR ACADEMIC AFFAIRS	55.00	Officer	$315,052	$70,848	$385,900
CHARLENE K DIANA	VP AND GENERAL COUNSEL	55.00	Officer	$299,558	$60,221	$359,779
ROBERT MCCAIG	VP ENROLLMENT MANAGEMENT & MARKETING	55.00	Officer	$279,453	$70,386	$349,839
AMANDA M KLAUS	VP UNIVERSITY ADVANCEMENT	55.00	Officer	$285,994	$52,113	$338,107
JAMES PILLAR	VP FOR STUDENT LIFE	55.00	Officer	$221,637	$49,218	$270,855
JENNIFER SANSEVERO	DIRECTOR OF ATHLETICS	55.00	Key Emp	$270,654	$53,695	$324,349
DAVID GOLLAND - DEAN OF	SCH. OF HUMANITIES & SOCIAL SCIENCES	50.00	Key Emp	$233,918	$63,467	$297,385
SUSAN GUPTA	ASSOCIATE PROVOST	55.00	Key Emp	$224,582	$66,432	$291,014
JOHN SONN - ASSOCIATE VP	& CHIEF INFORMATION OFFICER	55.00	Key Emp	$231,900	$18,511	$250,411
TIMOTHY ORR - EXEC DIR	CAMPUS PLANNING / FACILITIES	55.00	Key Emp	$204,564	$30,840	$235,404
JOSEPH PINGITORE	ASSOCIATE VP FINANCE AND BUDGETS	55.00	Key Emp	$203,226	$22,704	$225,930
MARY BYRNE	ASSOCIATE VP AND CONTROLLER	55.00	Key Emp	$207,493	$17,965	$225,458
ROBYN SALVO - ASSOCIATE	VP HUMAN RESOURCES (THRU 10/2024)	55.00	Key Emp	$176,778	$38,477	$215,255
KATHLEEN STEIN	ASSOCIATE VP HUMAN RESOURCES	55.00	Key Emp	$162,058	$43,292	$205,350
KING D RICE	HEAD MENS BASKETBALL COACH	40.00	Highest	$629,809	$73,328	$703,137
PRAKASAM R DEVASAGAYAM	DEAN OF BUSINESS SCHOOL	50.00	Highest	$302,851	$69,730	$372,581
KEVIN J CALLAHAN	HEAD FOOTBALL COACH	40.00	Highest	$275,735	$54,865	$330,600
PATRICK MURRAY	DIRECTOR POLLING INSTITUTE	40.00	Highest	$255,768	$59,687	$315,455
ANTHONY MACDONALD	DIRECTOR URBAN COAST INSTITUTE	40.00	Highest	$261,067	$38,183	$299,250
EDWARD CHRISTENSEN	ASSOCIATE PROFESSOR	40.00		$253,935	$59,325	$313,260
REKHA DATTA	PROFESSOR	40.00		$251,101	$22,406	$273,507

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	$277,354,524	$270,018,020	$496,046,372	$7,336,504
2024	No data	No data	No data	No data
2023	$274,830,004	$261,711,486	$440,888,728	$13,118,518
2022	$269,032,523	$267,428,151	$429,689,394	$1,604,372
2021	$255,716,503	$256,110,405	$433,315,902	$-393,902
2020	$261,817,017	$260,074,930	$405,562,336	$1,742,087
2019	$267,863,468	$259,619,061	$412,411,082	$8,244,407
2018	$263,657,696	$248,074,551	$405,122,489	$15,583,145

MONMOUTH UNIVERSITY INC