FAIRLEIGH DICKINSON UNIVERSITY

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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

1942

Legal Domicile

Principal Officer

MICHAEL J AVALTRONI

Phone

2016922381

Tax Period

2022-07-01 to 2023-06-30

FAIRLEIGH DICKINSON UNIVERSITY, founded in 1942, is a major nonprofit in the Education sector that reported $275.2M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $308.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

FAIRLEIGH DICKINSON UNIVERSITY IS A CENTER OF ACADEMIC EXCELLENCE DEDICATED TO THE PREPARATION OF WORLD CITIZENS THROUGH GLOBAL EDUCATION. FOR MORE INFORMATION SEE SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $260,170,697 Revenue: $232,790,312

HIGHER EDUCATION INSTRUCTION - FAIRLEIGH DICKINSON UNIVERSITY, NEW JERSEY'S LARGEST PRIVATE UNIVERSITY, IS A NONSECTARIAN, COEDUCATIONAL INSTITUTION OFFERING PROGRAMS ON THE UNDERGRADUATE, GRADUATE AND PROFESSIONAL LEVELS. THE UNIVERSITY EDUCATES APPROXIMATELY 11,100 STUDENTS PER YEAR, INCLUDING A STRONG INTERNATIONAL STUDENT POPULATION. FOR MORE INFORMATION, SEE SCHEDULE O.

Program 2

Expenses: $18,433,710 Revenue: $25,689,187

HIGHER EDUCATION AUXILIARY - TO PROVIDE FOOD SERVICE AND RESIDENT HALLS FOR UNIVERSITY STUDENTS. APPROXIMATELY 1,711 STUDENTS CURRENTLY UTILIZE UNIVERSITY RESIDENCE HALLS.

Program 3

Expenses: $337,597 Revenue: $427,985

HIGHER EDUCATION RESEARCH - INVESTIGATION AND EXPERIMENTAL ACTIVITIES FOR THE PURPOSE OF DISCOVERY AND REVISION OF ACCEPTED CONCLUSIONS UNDERTAKEN FOR THE BENEFIT OF THE COMMUNITY AT LARGE. FOR MORE...

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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 $13,295,282

Program Service Revenue $258,907,484

Investment Income $2,304,292

Other Revenue $669,362

TOTAL REVENUE $275,176,420

Expense Breakdown

Grants Paid $86,815,228

Salaries & Benefits $134,095,474

Fundraising Expenses $2,260,527

Program Expenses $278,942,004

Other Expenses $87,616,987

TOTAL EXPENSES $308,552,689

Year-over-Year Comparison

	2022	2021	Change
Revenue	$275,176,420	$297,795,789	-0.1%
Expenses	$308,552,689	$311,866,052	0.0%
Net Income	$-33,376,269	$-14,070,263	+1.4%

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

3186

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

$3,234,146

Total Directors

$1,460,633

Key Employees

$3,088,078

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER A CAPUANO	PRESIDENT & TRUSTEE	75.00	Officer Director	$651,595	$413,558	$1,065,153
ANTHONY P AMBROSIO	TRUSTEE	3.00	Director	$0	$0	$0
CHERYL K BEEBE	TRUSTEE	5.00	Director	$0	$0	$0
LINDA M BOWDEN	TRUSTEE - VICE CHAIR	5.00	Director	$0	$0	$0
ANGELIKI FRANGOU	TRUSTEE (END 04/23)	3.00	Director	$0	$0	$0
JOHN HARMON	TRUSTEE	3.00	Director	$0	$0	$0
DAVID E KNEE	TRUSTEE	3.00	Director	$0	$0	$0
STUART KRENTZMAN	TRUSTEE	3.00	Director	$0	$0	$0
WINSTON I LOWE ESQ	TRUSTEE	3.00	Director	$0	$0	$0
PAUL MANZ	TRUSTEE (END 06/23)	3.00	Director	$0	$0	$0
DONNA D DELPRETE MARKI	TRUSTEE	3.00	Director	$0	$0	$0
MICHELINE NADAR	TRUSTEE	3.00	Director	$0	$0	$0
GREGORY H OLSEN	TRUSTEE	3.00	Director	$0	$0	$0
JAMES OREFICE	TRUSTEE	3.00	Director	$0	$0	$0
LESTER OWENS	TRUSTEE (END 10/22)	3.00	Director	$0	$0	$0
ROBERT J PURES	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT T SALTARELLI	TRUSTEE	3.00	Director	$0	$0	$0
PAUL C SANTUCCI	TRUSTEE	3.00	Director	$0	$0	$0
PAUL B SCHMIDT	TRUSTEE (END 11/22)	3.00	Director	$0	$0	$0
AMI SIMUNOVICH	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT A STEWART	TRUSTEE (END 11/22)	3.00	Director	$0	$0	$0
ARTHUR SUKEL	TRUSTEE (END 11/22)	3.00	Director	$0	$0	$0
STEPHEN S WEINSTEIN	TRUSTEE	3.00	Director	$0	$0	$0
ROBERT J ZATTA	TRUSTEE - CHAIR	10.00	Director	$0	$0	$0
MICHAEL J AVALTRONI	PRESIDENT & TRUSTEE	80.00	Officer Director	$325,710	$69,770	$395,480
ROBERT PIGNATELLO	SVP FOR OPERATIONS	40.00	Officer	$318,691	$49,246	$367,937
HANIA FERRARA	SVP FINANCE & ADMINISTRATION	60.00	Officer	$315,082	$117,237	$432,319
JASON AMORE	SVP UNIVERSITY ADVANCEMENT	55.00	Officer	$293,010	$56,756	$349,766
EDWARD SILVER	GENERAL COUNSEL & SECRETARY	65.00	Officer	$279,206	$53,912	$333,118
LUKE D SCHULTHEIS	VP ENROLLMENT, PLANNING	60.00	Officer	$229,205	$61,168	$290,373
RICHARD C FRICK	VP FACILITIES & AUXILIARY SVCS	65.00	Key Emp	$211,545	$53,106	$264,651
UCHENNA BAKER	VP STDNT AFFAIRS/DEAN OF STDNT	40.00	Key Emp	$230,197	$49,357	$279,554
NEAL M STURM	VP & CHIEF INFORMATION OFFICER	60.00	Key Emp	$218,937	$23,533	$242,470
ROSE D'AMBROSIO	VP FOR HUMAN RESOURCES	55.00	Key Emp	$198,610	$61,144	$259,754
VICKI L COHEN	INTERIM DEAN, UNIV COLLEGE	50.00	Key Emp	$169,183	$47,611	$216,794
MINERVA GUTTMAN	DIRECTOR, SCHOOL OF NURSING	50.00	Key Emp	$155,032	$48,443	$203,475
ALFREDO TAN	DIRECTOR, SCHOOL OF ENGINEERNG	65.00	Key Emp	$173,780	$48,722	$222,502
PIERRE BALTHAZARD	DEAN, SCHOOL OF BUSINESS	55.00	Key Emp	$268,150	$24,598	$292,748
JOHN NISER	DIRECTOR, SCHOOL OF HOSP/TOUR	50.00	Key Emp	$157,973	$42,203	$200,176
WILFRED ZERBE	CAMPUS EXECUTIVE VANCOUVER	50.00	Key Emp	$187,230	$14,570	$201,800
PETER WOOLLEY	DIRECTOR-SCH OF PUBLIC AFFAIRS	64.00	Key Emp	$178,496	$34,669	$213,165
ANASTASIA RIVKIN	DEAN, SCHOOL OF PHARMACY	45.00	Key Emp	$229,977	$71,166	$301,143
KENNETH SCHNEIDER	VP FOR ENROLLMENT MGMT	55.00	Key Emp	$176,729	$13,117	$189,846
SAUL KLEINMAN	ASSOCIATE VP, MIS	57.00	Highest	$196,754	$36,315	$233,069
FRANK BARRA	AVP FOR FINANCE	55.00	Highest	$188,460	$53,583	$242,043
STEVE NELSON	AVP-UNIV OPERATIONS	40.00	Highest	$198,608	$45,079	$243,687
CHADWIN SANDIFER	ASSOCIATE DEAN	60.00	Highest	$227,595	$23,798	$251,393
RON WEST	DEPT. CHAIR ACCT, TAX, LAW	55.00	Highest	$197,139	$57,313	$254,452
DAVID ROSEN	INTERIM DEAN, BECTON COLLEGE	60.00		$124,534	$35,569	$160,103
GEOFFREY S WEINMAN	PROF-LIT,LANG,WRIT&HUMANITY	40.00		$168,387	$44,728	$213,115
JAMES G ALMEIDA	ASSOC DEAN-SCH OF BUSINESS	60.00		$175,417	$56,554	$231,971
BRIAN MAURO	FMR CAMPUS EXECUTIVE FLORHAM	60.00		$108,672	$24,519	$133,191

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	$275,176,420	$308,552,689	$414,620,511	$-33,376,269
2022	$297,795,789	$311,866,052	$425,356,665	$-14,070,263
2021	$308,951,361	$310,031,085	$464,494,283	$-1,079,724
2020	$329,823,958	$327,799,021	$428,238,780	$2,024,937
2019	$339,725,000	$325,465,730	$434,113,622	$14,259,270
2018	$342,941,542	$322,729,537	$422,989,152	$20,212,005