RIDER UNIVERSITY (EIN 210650678) - 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

1865

Legal Domicile

Principal Officer

GREGORY G DELL'OMO PHD

Phone

6098965000

Tax Period

2023-07-01 to 2024-06-30

RIDER UNIVERSITY, founded in 1865, is a major nonprofit in the Education sector that reported $191.5M in total revenue in fiscal year 2023. Expenses of $213.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

A NOT-FOR-PROFIT, PRIVATE UNIVERSITY, OFFERING UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,933,074

Program Service Revenue $173,506,160

Investment Income $4,016,408

Other Revenue $2,011,060

TOTAL REVENUE $191,466,702

Expense Breakdown

Grants Paid $72,013,437

Salaries & Benefits $75,791,099

Fundraising Expenses $2,341,352

Program Expenses $184,947,832

Other Expenses $65,490,817

TOTAL EXPENSES $213,295,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,466,702	$196,010,794	0.0%
Expenses	$213,295,353	$218,953,226	0.0%
Net Income	$-21,828,651	$-22,942,432	0.0%

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

2296

Volunteers

559

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

$1,592,395

Total Directors

Key Employees

$486,087

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY G DELL'OMO PHD	PRESIDENT	50.00	Officer	$513,344	$83,145	$596,489
KEVIN A BAGGETT	BASKETBALL COACH	50.00	Highest	$351,158	$37,475	$388,633
JAMES P HARTMAN	SR VP FINANCE/TREASURER & CFO	50.00	Officer	$251,639	$30,668	$282,307
DONNAJEAN A FREDEEN	PROVOST/VP ACADEMIC AFFAIRS	50.00	Officer	$258,465	$12,734	$271,199
DREW C AROMANDO	VP ENROLLMENT MANAGEMENT	50.00	Key Emp	$211,466	$51,140	$262,606
MARK A SOLOMON	VP LEGAL AFFAIRS & GENERAL COUNSEL	50.00	Officer	$222,684	$38,653	$261,337
EUGENE KUTCHER DEAN OF NORM	BRODSKY COLLEGE OF BUSINESS	50.00	Highest	$216,008	$22,431	$238,439
DONALD HARNUM	ATHLETIC DIRECTOR	50.00	Highest	$184,187	$53,892	$238,079
MARY HAYWOOD-SULLIVAN	ASSOCIATE PROFESSOR	50.00	Highest	$188,822	$37,205	$226,027
MICHAEL F RECA	VP FACILITIES & UNIVERSITY	50.00	Key Emp	$212,860	$10,621	$223,481
KELLY BIDLE	DEAN COLLEGE OF ARTS & SCIENCES	50.00	Highest	$210,942	$10,621	$221,563
DEBORA Z STASOLLA SECRETARY	VP STRATEGIC INITIATIVES & PLANNING	50.00	Officer	$151,578	$29,485	$181,063
JOAN MAZZOTTI	CHAIR	5.00	Officer Director	$0	$0	$0
JAMES P BUSH	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MICHELE POWERS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JULIO R ABREU	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE BORGOS	TRUSTEE	1.00	Director	$0	$0	$0
JILL HAMMER CANASTRA	TRUSTEE	1.00	Director	$0	$0	$0
F CHRISTOPHER CAROTHERS	TRUSTEE	1.00	Director	$0	$0	$0
KEITH N DIGRAZIO	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS DORTRAIT	TRUSTEE	1.00	Director	$0	$0	$0
NEIL GERARD	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA HARTPENCE	TRUSTEE	1.00	Director	$0	$0	$0
DR DEBORAH HASKINS	TRUSTEE	1.00	Director	$0	$0	$0
WARREN HIRSCHHORN	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN A HOLOHAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM H KURTZ	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH J MAGGIO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MCDOUGALL	TRUSTEE	1.00	Director	$0	$0	$0
TERRY MCEWEN	TRUSTEE	1.00	Director	$0	$0	$0
HON MARC A MCKITHEN	TRUSTEE	1.00	Director	$0	$0	$0
GARY NEUBECK	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER NIKOLICH	TRUSTEE	1.00	Director	$0	$0	$0
MARK S NURSE	TRUSTEE	1.00	Director	$0	$0	$0
DENISE PETITTA	TRUSTEE	1.00	Director	$0	$0	$0
SHERISE RITTER	TRUSTEE	1.00	Director	$0	$0	$0
HON MARK S SCHWEIKER	TRUSTEE	1.00	Director	$0	$0	$0
WRIGHT SENERES	TRUSTEE	1.00	Director	$0	$0	$0
ANNEMARIE WOODS	TRUSTEE TO JUNE 11, 2024	1.00	Director	$0	$0	$0

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	$191,466,702	$213,295,353	$235,745,397	$-21,828,651
2023	$196,010,794	$218,953,226	$247,078,205	$-22,942,432
2022	$219,374,298	$231,505,696	$265,186,497	$-12,131,398
2021	$216,867,434	$236,258,027	$309,275,121	$-19,390,593
2020	$225,298,697	$234,200,122	$278,802,595	$-8,901,425
2019	$232,833,010	$231,788,226	$281,014,163	$1,044,784
2018	$233,790,163	$226,678,503	$276,323,291	$7,111,660

RIDER UNIVERSITY