ROWAN UNIVERSITY FOUNDATION INC (EIN 222482802) - 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

1983

Legal Domicile

Principal Officer

JOHN J ZABINSKI

Phone

8562564097

Tax Period

2024-07-01 to 2025-06-30

ROWAN UNIVERSITY FOUNDATION INC, founded in 1983, is a mid-sized nonprofit in the Education sector that reported $33.4M in total revenue in fiscal year 2024. The organization ran a surplus of $10.2M, a strong 31% operating margin.

Mission

TO SUPPORT ROWAN UNIVERSITY IN ITS ROLE AS A NEW MODEL FOR EXCELLENCE IN HIGHER EDUCATION.

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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 $21,727,496

Program Service Revenue $0

Investment Income $11,498,834

Other Revenue $169,256

TOTAL REVENUE $33,395,586

Expense Breakdown

Grants Paid $22,310,479

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,322,327

Other Expenses $850,892

TOTAL EXPENSES $23,161,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,395,586	$33,947,105	0.0%
Expenses	$23,161,371	$20,222,813	+0.1%
Net Income	$10,234,215	$13,724,292	-0.3%

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

N/A

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

$243,609

Total Directors

$1,193,546

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALI A HOUSHMAND	DIRECTOR (PRES., ROWAN UNIVERSITY)	1.00	Director	$0	$232,261	$1,163,469
DAVE BURGIN	CHAIR AS OF AUG 2024	2.00	Officer Director	$0	$0	$0
REGINALD J MIDDLETON	CHAIR THRU AUG 2024/DIRECTOR	2.00	Officer Director	$0	$0	$0
ANGELA M BROWN	VICE CHAIR AS OF FEB 2025	2.00	Officer Director	$0	$0	$0
MICHAEL CONNALLON JR	VICE CHAIR THRU FEB 2025	1.00	Officer Director	$0	$0	$0
DAVID J STROUT	SECRETARY AS OF FEB 2025	2.00	Officer Director	$0	$0	$0
JAMES STEWART JR	TREASURER AS OF AUG 2024	2.00	Officer Director	$0	$0	$0
GEORGE AWAD	DIRECTOR THRU MAR 2025	1.00	Director	$0	$0	$0
SALMAN BHATTI	DIRECTOR	1.00	Director	$0	$0	$0
DR TONYA BRELAND	DIRECTOR	1.00	Director	$0	$0	$0
APRIL CARTY-SIPP	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN H CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY J GALVIN	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES E GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
JACK HAFNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HARRINGTON	DIRECTOR THRU MAY 2025	1.00	Director	$0	$0	$0
BRIGHID BURGIN HOEMPLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT W HOEY	DIRECTOR	1.00	Director	$0	$0	$0
ALI G ISHAGE	DIRECTOR AS OF SEPT 2024	1.00	Director	$0	$0	$8,638
SCOTT KINTZING	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY LABRUNA	DIRECTOR	1.00	Director	$0	$0	$0
NIKITAS MOUSTAKAS	DIRECTOR	1.00	Director	$0	$0	$0
ERICA ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
ALYCE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE J PATTI	DIRECTOR	1.00	Director	$0	$0	$0
YUVAL SAAR	DIRECTOR	1.00	Director	$0	$0	$8,297
HARRY I SCHEYER	DIRECTOR	1.00	Director	$0	$0	$0
DR STEPHANIE SCHLITT	DIRECTOR	1.00	Director	$0	$0	$0
ERIC STEIN	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY STUBBLEBINE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES TARANGELO	DIRECTOR	1.00	Director	$0	$0	$0
JACK TARDITI	DIRECTOR	1.00	Director	$0	$0	$0
PAUL J TULLY	DIRECTOR	1.00	Director	$0	$0	$0
STACEY VAIL	DIRECTOR	1.00	Director	$0	$0	$0
JON J VOGEL	DIRECTOR (FACULTY, ROWAN UNIVERSITY)	1.00	Director	$0	$973	$13,142
LISA WESTFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN J ZABINSKI	EXECUTIVE DIRECTOR	10.00	Officer	$0	$27,605	$243,609
RONALD J TALLARIDA	FORMER EXECUTIVE DIRECTOR	0.00		$0	$14,000	$328,707
JESSE R SHAFER	FORMER EXECUTIVE DIRECTOR	0.00		$0	$12,858	$195,931

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	$33,395,586	$23,161,371	$461,940,498	$10,234,215
2024	$33,947,105	$20,222,813	$428,578,315	$13,724,292
2023	$48,338,446	$18,801,322	$391,588,315	$29,537,124
2022	$58,909,453	$17,351,612	$350,201,905	$41,557,841
2021	$39,224,287	$15,137,433	$339,808,677	$24,086,854
2020	$27,944,078	$14,103,470	$240,751,111	$13,840,608
2019	$22,110,681	$14,450,688	$237,594,328	$7,659,993
2018	$30,709,339	$14,689,054	$230,384,334	$16,020,285

ROWAN UNIVERSITY FOUNDATION INC