DREXEL UNIVERSITY

EIN: 231352630 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$1,465,915,989
Total Expenses
$1,473,388,878
Total Assets
$2,938,982,871
Net Assets
$1,424,379,973
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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
1894
Legal Domicile
PA
Principal Officer
ANTONIO MERLO
Phone
2158952000
Tax Period
2024-07-01 to 2025-06-30

DREXEL UNIVERSITY, founded in 1894, is a large national nonprofit in the Education sector that reported $1.5B in total revenue in fiscal year 2024.

Mission

INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,988,753
Program Service Revenue $1,157,589,074
Investment Income $71,754,223
Other Revenue $18,583,939
TOTAL REVENUE $1,465,915,989

Expense Breakdown

Grants Paid $444,710,365
Salaries & Benefits $634,410,880
Fundraising Expenses $17,063,541
Program Expenses $1,275,149,929
Other Expenses $394,116,862
TOTAL EXPENSES $1,473,388,878

Year-over-Year Comparison

2024 2023 Change
Revenue $1,465,915,989 $1,400,964,891 +0.0%
Expenses $1,473,388,878 $1,453,206,532 +0.0%
Net Income $-7,472,889 $-52,241,641 -0.9%
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

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Governance

Voting Members
57
Independent Members
51
Employees
12301
Volunteers
3877

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
11
$2,955,799
Total Directors
66
$2,090,381
Key Employees
13
$8,858,842
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN A FRY PRESIDENT (TO 9/30/24) 40.00
Officer Director
$1,829,538 $51,341 $1,880,879
MICHAEL MITTELMAN TRUSTEE (AS OF 7/1/24) 40.00
Director
$188,450 $21,052 $209,502
DENIS O'BRIEN INTERIM PRESIDENT (AS OF 10/1/24) 40.00
Officer Director
$0 $0 $0
RICHARD GREENAWALT CHAIR (TO 5/14/25) 2.00
Officer Director
$0 $0 $0
J MICHAEL LAWRIE CHAIR (AS OF 5/14/25) 2.00
Officer Director
$0 $0 $0
RICHARD HAYNE VICE CHAIR (TO 5/14/25) 2.00
Officer Director
$0 $0 $0
NINA HENDERSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
RICHELLE PARHAM VICE CHAIR 2.00
Officer Director
$0 $0 $0
STAN SILVERMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL J WILLIAMS VICE CHAIR (AS OF 5/14/25) 2.00
Officer Director
$0 $0 $0
ALFRED F ALTOMARI TRUSTEE 2.00
Director
$0 $0 $0
CHRIS MCKENDRY ANDRADE TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY A BEACHELL TRUSTEE 2.00
Director
$0 $0 $0
JAMES BEAN TRUSTEE 2.00
Director
$0 $0 $0
THOMAS BEEMAN TRUSTEE (AS OF 7/1/24) 2.00
Director
$0 $0 $0
GREGORY S BENTLEY TRUSTEE 2.00
Director
$0 $0 $0
THOMAS RICK BERK TRUSTEE 2.00
Director
$0 $0 $0
SUZANNE BIEMILLER TRUSTEE (AS OF 3/5/25) 2.00
Director
$0 $0 $0
TED BRYCE TRUSTEE 2.00
Director
$0 $0 $0
KAREN DOUGHERTY BUCHOLZ TRUSTEE 2.00
Director
$0 $0 $0
THOMAS A CARAMANICO TRUSTEE 2.00
Director
$0 $0 $0
HONORABLE IDA K CHEN TRUSTEE 2.00
Director
$0 $0 $0
KATHLEEN P CHIMICLES TRUSTEE 2.00
Director
$0 $0 $0
K BLAIR CHRISTIE TRUSTEE 2.00
Director
$0 $0 $0
DELLA CLARK TRUSTEE 2.00
Director
$0 $0 $0
ABBIE DEAN TRUSTEE 2.00
Director
$0 $0 $0
NICHOLAS DEBENEDICTIS TRUSTEE 2.00
Director
$0 $0 $0
REBECCA DELIA TRUSTEE (AS OF 7/1/24) 2.00
Director
$0 $0 $0
AMISH DESAI TRUSTEE 2.00
Director
$0 $0 $0
GERIANNE T DIPIANO TRUSTEE 2.00
Director
$0 $0 $0
DOMENIC M DIPIERO III TRUSTEE 2.00
Director
$0 $0 $0
ANGELA DOWD-BURTON TRUSTEE 2.00
Director
$0 $0 $0
CHRISTOPHER FERGUSON TRUSTEE (AS OF 5/14/25) 2.00
Director
$0 $0 $0
THOMAS O FITZPATRICK ESQ TRUSTEE 2.00
Director
$0 $0 $0
BRIAN R FORD TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL FORMAN TRUSTEE (TO 5/14/25) 2.00
Director
$0 $0 $0
KENNETH FULMER TRUSTEE 2.00
Director
$0 $0 $0
SEAN J GALLAGHER TRUSTEE 2.00
Director
$0 $0 $0
DAVID R GELTZER TRUSTEE 2.00
Director
$0 $0 $0
BERNARD GREENE TRUSTEE (AS OF 7/1/24) 2.00
Director
$0 $0 $0
DAVID GRIFFITH TRUSTEE (TO 3/5/25) 2.00
Director
$0 $0 $0
MAURICIO GUTIERREZ TRUSTEE 2.00
Director
$0 $0 $0
NICK HOWLEY TRUSTEE 2.00
Director
$0 $0 $0
CLIFFORD A HUDIS TRUSTEE 2.00
Director
$0 $0 $0
RICHARD C ILL TRUSTEE (TO 5/14/25) 2.00
Director
$0 $0 $0
PATRICIA H IMBESI TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH H JACOVINI ESQ TRUSTEE 2.00
Director
$0 $0 $0
THOMAS R KLINE TRUSTEE 2.00
Director
$0 $0 $0
THOMAS LEONARD TRUSTEE 2.00
Director
$0 $0 $0
ALBERT LORD TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY LYASH JR TRUSTEE 2.00
Director
$0 $0 $0
JERRY J MARTIN TRUSTEE 2.00
Director
$0 $0 $0
MARK MCADOO TRUSTEE 2.00
Director
$0 $0 $0
PATRICK MCGONIGAL TRUSTEE 2.00
Director
$0 $0 $0
MATTHEW S NAYLOR TRUSTEE (TO 5/14/25) 2.00
Director
$0 $0 $0
KEVIN J O'HARA TRUSTEE 2.00
Director
$0 $0 $0
ANDREW PENNONI TRUSTEE (AS OF 5/14/25) 2.00
Director
$0 $0 $0
THOMAS M RAMPULLA TRUSTEE 2.00
Director
$0 $0 $0
KATHLEEN REAPE TRUSTEE 2.00
Director
$0 $0 $0
KATHLEEN REARDON TRUSTEE 2.00
Director
$0 $0 $0
MARIA RENZ TRUSTEE 2.00
Director
$0 $0 $0
LEVOYD ROBINSON TRUSTEE (TO 5/14/25) 2.00
Director
$0 $0 $0
VIRGINIA S ROSE TRUSTEE 2.00
Director
$0 $0 $0
JOSEPH P UJOBAI TRUSTEE 2.00
Director
$0 $0 $0
CHARLES K VALUTAS TRUSTEE (TO 5/14/25) 2.00
Director
$0 $0 $0
STEPHEN L WANNER TRUSTEE 2.00
Director
$0 $0 $0
HELEN Y BOWMAN EXECUTIVE VP/COO/CFO/TREASURER 40.00
Officer
$731,029 $132,698 $863,727
DARIN PFEIFER SECRETARY 40.00
Officer
$186,059 $25,134 $211,193
TRACY POWELL SVP, UNIVERSITY MARKETING & COMM 40.00
Key Emp
$477,757 $57,438 $535,195
DAVID L UNRUH SVP, INSTITUTIONAL ADVANCEMENT 40.00
Key Emp
$693,018 $132,698 $825,716
MICHAEL J EXLER ESQ SVP AND GENERAL COUNSEL 40.00
Key Emp
$686,490 $132,698 $819,188
BRIAN T KEECH SVP, GOVERNMENT AND COMM RELATIONS 40.00
Key Emp
$415,295 $57,698 $472,993
PAUL JENSEN NINA HENDERSON PROVOST & EVP 40.00
Key Emp
$659,811 $57,698 $717,509
ELISABETH VAN BOCKSTAELE SVP, GRADUATE AND ONLINE EDUCATION 40.00
Key Emp
$699,203 $128,344 $827,547
SUBIR SAHU SVP, STUDENT SUCCESS & INT SVP 40.00
Key Emp
$640,018 $125,538 $765,556
CHARLES CAIRNS DEAN & SVP, MED AFFAIRS, COM 40.00
Key Emp
$1,066,351 $155,675 $1,222,026
ALEISTER SAUNDERS EXEC. VICE PROVOST, RES. & INNOV 40.00
Key Emp
$347,990 $47,577 $395,567
MEGAN WEYLER SVP AND CHRO 40.00
Key Emp
$610,242 $113,918 $724,160
CATHERINE ULOZAS SVP, CHIEF INVESTMENT OFFICER 40.00
Key Emp
$510,087 $147,443 $657,530
REBECCA RHYNHART SVP FIN/CFO/DEP TREAS (TO 3/17/25) 40.00
Key Emp
$379,252 $49,635 $428,887
DAWN MEDLEY SVP, ENROLL MGMT (TO 6/10/25) 40.00
Key Emp
$419,829 $47,139 $466,968
VERDI DISESA SR. VICE DEAN & COO 40.00
Highest
$493,054 $38,453 $531,507
ZACHARY SPIKER HEAD COACH, BASKETBALL 40.00
Highest
$491,044 $50,091 $541,135
THOMAS DECHIARO VP, INFORMATION TECHNOLOGY & CIO 40.00
Highest
$490,541 $45,373 $535,914
SHARON WALKER DEAN, COLLEGE OF ENGINEERING 40.00
Highest
$488,953 $50,798 $539,751
PAUL BRANDT-RAUF DEAN, SCHOOL OF BIOMEDICAL ENG 40.00
Highest
$479,541 $46,936 $526,477
DANIEL SCHIDLOW FORMER KEY EMPLOYEE 40.00
$314,086 $34,811 $348,897
NIKI GIANAKARIS FORMER KEY EMPLOYEE 40.00
$166,533 $24,770 $191,303
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 $1,465,915,989 $1,473,388,878 $2,938,982,871 $-7,472,889
2024 $1,400,964,891 $1,453,206,532 $2,909,630,575 $-52,241,641
2023 $1,412,910,056 $1,405,662,980 $2,842,408,922 $7,247,076
2022 $1,352,478,393 $1,329,025,773 $2,419,583,188 $23,452,620
2021 $1,241,696,208 $1,249,941,935 $2,420,281,154 $-8,245,727
2020 $1,329,522,543 $1,324,502,480 $2,261,315,252 $5,020,063
2019 $1,350,889,299 $1,430,888,337 $2,024,922,675 $-79,999,038
2018 $1,375,999,770 $1,338,464,315 $2,041,983,820 $37,535,455
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