THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY (EIN 221487354) - 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

1870

Legal Domicile

Principal Officer

JOSEPH CASSIDY

Phone

2012168761

Tax Period

2024-07-01 to 2025-06-30

THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY, founded in 1870, is a major nonprofit in the Education sector that reported $578.7M in total revenue in fiscal year 2024. Expenses of $534.0M left a modest 8% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES, SEE SCHEDULE O.

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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 $40,116,227

Program Service Revenue $499,435,017

Investment Income $23,541,954

Other Revenue $15,627,904

TOTAL REVENUE $578,721,102

Expense Breakdown

Grants Paid $138,662,148

Salaries & Benefits $219,661,451

Fundraising Expenses $6,401,883

Program Expenses $488,640,446

Other Expenses $175,436,215

TOTAL EXPENSES $533,969,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,721,102	$536,669,795	+0.1%
Expenses	$533,969,060	$509,502,464	+0.0%
Net Income	$44,752,042	$27,167,331	+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

4330

Volunteers

1016

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

$2,847,763

Total Directors

$2,260,416

Key Employees

$6,607,307

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE M CALHOUN	TRUSTEE/PROFESSOR AS OF 5/20/25	55.00	Director	$280,054	$34,203	$314,257
NARIMAN FARVARDIN	PRESIDENT/TRUSTEE	55.00	Officer Director	$1,262,010	$34,954	$1,296,964
R ELAINE HENRY	TRUSTEE/PROFESSOR TO 5/20/25	55.00	Director	$264,739	$35,432	$300,171
DIBYENDU DIBS SARKAR	TRUSTEE/PROFESSOR	55.00	Director	$285,504	$53,033	$338,537
JARED W DONNELLY	TRUSTEE	1.00	Director	$983	$0	$983
NICHOLAS SMITH	TRUSTEE AS OF 5/20/25	1.00	Director	$4,826	$0	$4,826
CHRISTOPHER J FRANK	TRUSTEE/ADJUNCT	1.00	Director	$4,575	$103	$4,678
STEPHEN T BOSWELL	CHAIRMAN/TRUSTEE	3.00	Officer Director	$0	$0	$0
SALEEL V AWSARE	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE T BABBIO JR	TRUSTEE	1.00	Director	$0	$0	$0
MARISSA BROCK	TRUSTEE	1.00	Director	$0	$0	$0
DEVON E BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES J BUSCARINO	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CAHILL	TRUSTEE AS OF 9/21/24	1.00	Director	$0	$0	$0
MARY ANNE CANNON	TRUSTEE	1.00	Director	$0	$0	$0
KAREN S CAROLONZA	TRUSTEE TO 1/15/25	1.00	Director	$0	$0	$0
PAM P CHENG	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS A CORCORAN	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP P CROWLEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN R DEARBORN	TRUSTEE TO 8/27/24	1.00	Director	$0	$0	$0
JOSEPH DEL GUERCIO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH G DIPOMPEO	TRUSTEE	1.00	Director	$0	$0	$0
MANUEL S ESCOBEDO	TRUSTEE	1.00	Director	$0	$0	$0
HERMES O GONZALEZ-BELLO	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SEAN J HANLON IV	TRUSTEE	1.00	Director	$0	$0	$0
EMILY R KOVELESKY	TRUSTEE TO 5/20/25	1.00	Director	$0	$0	$0
A MICHAEL LIPPER	TRUSTEE	1.00	Director	$0	$0	$0
LISA M MASCOLO	TRUSTEE TO 8/18/24	1.00	Director	$0	$0	$0
THOMAS J NATHANSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN J NIGITO	TRUSTEE AS OF 3/25/25	1.00	Director	$0	$0	$0
SAMUEL P RECKFORD	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA P RUESTERHOLZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN A SCHEPISI	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES H SHOTMEYER	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS A STEINBERG	TRUSTEE	1.00	Director	$0	$0	$0
J SCOTT SWENSEN	TRUSTEE	1.00	Director	$0	$0	$0
MEHRAB H SYED	TRUSTEE	1.00	Director	$0	$0	$0
PAUL VON AUTENRIED	TRUSTEE	1.00	Director	$0	$0	$0
KATHY L SCHULZ	VP & GENERAL COUNSEL/SECRETARY	55.00	Officer	$503,489	$44,711	$548,200
LOUIS J MAYER	VP OF FINANCE/TREASURER, CFO	55.00	Officer	$494,006	$57,139	$551,145
JOSEPH E CASSIDY	AVP FINANCE/ASSIST TREAS	55.00	Officer	$292,924	$26,591	$319,515
TONIANN BIONDOLILLO	ASST SEC/EXEC ASST	55.00	Officer	$111,215	$20,724	$131,939
CONSTANTIN CHASSAPIS	SR. VICE PROVOST	55.00	Key Emp	$449,530	$57,139	$506,669
MICHAEL PARENTE	INTERIM VP AS OF 9/7/24	55.00	Key Emp	$220,788	$17,284	$238,072
ANTHONY BARRESE	DIR CORE CURR & FAC DEV TO 8/31/24	55.00	Key Emp	$312,793	$53,855	$366,648
CINDY CHIN	VICE PRESIDENT FOR ENROLLMENT MGMT	55.00	Key Emp	$348,633	$24,580	$373,213
ELISABETH MCGRATH	VP FOR UNIV RELATIONS	55.00	Key Emp	$436,157	$27,776	$463,933
GREGORY PRASTACOS	DEAN TO 8/31/24 & PROFESSOR	55.00	Key Emp	$447,981	$64,188	$512,169
ROBERT MAFFIA	VP FOR FACILITIES & CAMPUS OPS	55.00	Key Emp	$368,982	$64,188	$433,170
SARA KLEIN	VICE PRESIDENT FOR STUDENT AFFAIRS	55.00	Key Emp	$316,002	$40,574	$356,576
JEAN ZU	DEAN	55.00	Key Emp	$445,533	$42,522	$488,055
LAURA ROSE	VP FOR DEV/ALUM	55.00	Key Emp	$404,270	$56,759	$461,029
TEJASH PATEL	VP, CIO TO 9/6/24	55.00	Key Emp	$297,958	$21,623	$319,581
JIANMIN QU	PROVOST & SVP FOR ACADEMIC AFFAIRS	55.00	Key Emp	$615,862	$57,139	$673,001
SHERAINE GILLIAM	CHRO, VP FOR HUMAN RESOURCES	55.00	Key Emp	$356,008	$37,811	$393,819
EDMUND SYNAKOWSKI	VICE PROVOST	55.00	Key Emp	$435,684	$57,139	$492,823
ARSHAD SAIYED	COLO & DEAN AS OF 4/15/24	55.00	Key Emp	$251,413	$31,492	$282,905
GERT-JAN DE VREEDE	DEAN AS OF 9/1/24	55.00	Key Emp	$245,459	$185	$245,644
GEORGE KORFIATIS	PROFESSOR	55.00	Highest	$400,005	$57,174	$457,179
DINESH VERMA	PROFESSOR/EXEC DIR OF SERC	55.00	Highest	$405,349	$62,276	$467,625
SOURAN MANOOCHEHRI	PROFESSOR & DEPT CHAIR	55.00	Highest	$375,999	$43,469	$419,468
MUHAMMAD HAJJ	DEPARTMENT CHAIR	55.00	Highest	$428,361	$57,174	$485,535
DAVID ZENG	VICE PROVOST	55.00	Highest	$439,051	$54,994	$494,045
DAWN DA SILVA	FORMER AVP	55.00		$218,325	$20,291	$238,616
DILHAN KALYON	FORMER KEY	55.00		$193,465	$42,827	$236,292
CHRISTOPHE PIERRE	FORMER KEY & PROFESSOR	55.00		$384,808	$59,071	$443,879

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	$578,721,102	$533,969,060	$1,140,670,011	$44,752,042
2024	$536,669,795	$509,502,464	$1,056,523,320	$27,167,331
2023	$505,884,074	$476,905,827	$1,006,999,231	$28,978,247
2022	$466,449,861	$415,420,675	$970,720,079	$51,029,186
2021	$375,347,821	$349,733,583	$910,259,495	$25,614,238
2020	$382,922,762	$354,310,960	$845,203,088	$28,611,802
2019	$353,531,174	$325,325,973	$610,769,155	$28,205,201
2018	$354,252,359	$300,018,436	$577,869,085	$54,233,923

THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY