DREW UNIVERSITY (EIN 221487164) - 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

1868

Legal Domicile

Principal Officer

HILARY LINK

Phone

9734083000

Tax Period

2022-07-01 to 2023-06-30

DREW UNIVERSITY, founded in 1868, is a major nonprofit in the Education sector that reported $112.2M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $130.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE UNIVERSITY OFFERS GRADUATE AND UNDERGRADUATE STUDIES AND IS COMPRISED OF THE COLLEGE OF LIBERAL ARTS, THE THEOLOGICAL SCHOOL, AND THE CASPERSEN SCHOOL OF GRADUATE STUDIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,248,872

Program Service Revenue $98,054,199

Investment Income $861,157

Other Revenue $3,007,172

TOTAL REVENUE $112,171,400

Expense Breakdown

Grants Paid $38,772,509

Salaries & Benefits $40,994,999

Fundraising Expenses $4,408,000

Program Expenses $106,677,755

Other Expenses $50,323,951

TOTAL EXPENSES $130,091,459

Year-over-Year Comparison

	2022	2021	Change
Revenue	$112,171,400	$122,404,308	-0.1%
Expenses	$130,091,459	$122,795,375	+0.1%
Net Income	$-17,920,059	$-391,067	+44.8%

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

1292

Volunteers

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

$540,000

Total Directors

$540,000

Key Employees

$946,872

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM W LANDIS III	CHAIR	1.00	Officer Director	$0	$0	$0
FREDRICK FUEST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANGELA GERKEN	VICE CHAIR AND SECRETARY	1.00	Director	$0	$0	$0
BISHOP THOMAS J BRICKERTON	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BURR	TRUSTEE	1.00	Director	$0	$0	$0
EMILY MUSIL CHURCH	TRUSTEE	1.00	Director	$0	$0	$0
DEAN T CRIARES	TRUSTEE	1.00	Director	$0	$0	$0
ALFRED T DAY III	TRUSTEE	1.00	Director	$0	$0	$0
SANG WON DOH	TRUSTEE	1.00	Director	$0	$0	$0
D STUART DUNNAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT FRANEK	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY GORDON	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE HAMPTON	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN MARCUCCI	TRUSTEE	1.00	Director	$0	$0	$0
RYAN M MASON	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH C NOTO	TRUSTEE	1.00	Director	$0	$0	$0
BISHOP JOHN SCHOL	TRUSTEE	1.00	Director	$0	$0	$0
VANESSA L VAN BRUNT	TRUSTEE	1.00	Director	$0	$0	$0
SUNEET VARMA	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER VELEZ	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SCHWARZ	PRESIDENT	35.00	Officer Director	$500,000	$40,000	$540,000
BRET D SILVER	VICE PRESIDENT, UNIVERSITY	35.00	Key Emp	$422,188	$33,775	$455,963
JESSICA LAKIN	PROVOST	35.00	Key Emp	$231,646	$47,030	$278,676
FRANK MERCK	VP ENROLLMENT MANAGEMENT	35.00	Key Emp	$178,214	$34,019	$212,233
LOUISE T HOOD	ASSOC VP, ADVANCEMENT	35.00	Highest	$217,199	$17,375	$234,574
GREGORY SMITH	VP FOR FACILITIES & CAMPUS	35.00	Highest	$191,532	$22,331	$213,863
RYAN HINRICHS	DEAN ARTS & SCIENCES	35.00	Highest	$163,126	$41,549	$204,675
EDWIN APONTE	DEAN OF THEOLOGICAL SCHOOL	35.00	Highest	$190,500	$28,672	$219,172
CAITLIN TRAMEL	ASSISTANT VP, ADVANCEMENT	35.00	Highest	$190,234	$15,218	$205,452

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	No data	No data	No data	No data
2023	$112,171,400	$130,091,459	$233,007,198	$-17,920,059
2022	$122,404,308	$122,795,375	$245,004,521	$-391,067
2021	$96,034,404	$110,154,378	$268,276,328	$-14,119,974
2020	$104,896,145	$125,042,898	$267,880,301	$-20,146,753
2019	$118,535,052	$134,193,481	$293,850,894	$-15,658,429
2019	$118,535,052	$134,193,481	$293,850,894	$-15,658,429
2018	$136,503,466	$139,371,055	$305,827,310	$-2,867,589

DREW UNIVERSITY