THOMAS JEFFERSON UNIVERSITY

EIN: 231352651 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$1,613,249,283
Total Expenses
$1,669,559,679
Total Assets
$5,080,196,016
Net Assets
$1,060,543,994
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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
1824
Legal Domicile
PA
Principal Officer
JOSEPH G CACCHIONE MDFACC
Phone
2155038344
Tax Period
2023-07-01 to 2024-06-30

THOMAS JEFFERSON UNIVERSITY, founded in 1824, is a large national nonprofit in the Education sector that reported $1.6B in total revenue in fiscal year 2023.

Mission

IMPROVE LIVES AND PROVIDE STUDENTS WITH EXCEPTIONAL VALUE IN 21ST CENTURY PROFESSIONAL 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,702,851
Program Service Revenue $1,551,148,170
Investment Income $14,041,663
Other Revenue $3,356,599
TOTAL REVENUE $1,613,249,283

Expense Breakdown

Grants Paid $42,297,315
Salaries & Benefits $926,301,543
Fundraising Expenses $1,057,514
Program Expenses $1,613,581,033
Other Expenses $700,960,821
TOTAL EXPENSES $1,669,559,679

Year-over-Year Comparison

2023 2022 Change
Revenue $1,613,249,283 $1,666,137,809 0.0%
Expenses $1,669,559,679 $1,649,493,276 +0.0%
Net Income $-56,310,396 $16,644,533 -4.4%
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

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Governance

Voting Members
20
Independent Members
19
Employees
7711
Volunteers
2558

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
8
$11,443,407
Total Directors
20
$5,747,930
Key Employees
6
$6,714,376
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH G CACCHIONEMDFACC TRUSTEE - CEO TJU/JEFF HEALTH 60.0
Officer Director
$5,674,228 $73,702 $5,747,930
BRUCE A MEYER MD MBA FORMER KEY EMPLOYEE 0.0
$2,817,454 $18,488 $2,835,942
SRINIVAS PRASAD MD MS PROFESSOR & PHYSICIAN 55.0
Highest
$59,932 $49,774 $2,686,893
PETER L DEANGELIS JR FORMER OFFICER 0.0
$2,621,299 $62,405 $2,683,704
JACK JALLO MD PHD PROFESSOR & PHYSICIAN 55.0
Highest
$318,245 $96,877 $2,660,137
Baligh R YehiaMDMPPMSc PRESIDENT JEFFERSON HEALTH 55.0
Key Emp
$2,327,969 $10,379 $2,338,348
JOSHUA HELLER MD PROFESSOR & PHYSICIAN 55.0
Highest
$60,002 $69,848 $2,250,034
ROBERT H ROSENWASSER MD PROFESSOR & PHYSICIAN 55.0
Highest
$1,775,562 $91,285 $2,148,670
MICHAEL REID GOOCH MD PROFESSOR & PHYSICIAN 55.0
Highest
$47,997 $64,052 $2,120,533
CRISTINA G CAVALIERI ESQ SEC - EVP, CHIEF LEGAL COUNSEL 60.0
Officer
$2,011,424 $62,704 $2,074,128
STEPHEN K KLASKO MD MBA FORMER OFFICER 0.0
$2,015,000 $0 $2,015,000
MARK L TYKOCINSKI MD FORMER KEY EMPLOYEE 0.0
$1,853,582 $65,726 $1,919,308
MARK M WHALEN EVP, CSO & CAO 55.0
Officer
$1,227,107 $47,805 $1,274,912
LAURENCE M MERLIS FORMER KEY EMPLOYEE 0.0
$1,220,433 $18,396 $1,238,829
JOHN P MORDACH TREASURER - EVP & CFO 60.0
Officer
$1,174,158 $27,717 $1,201,875
CLAYTON FITZHUGH EVP, CHIEF HR OFF. (TERM 7/23) 55.0
Key Emp
$1,124,607 $49,224 $1,173,831
KATHLEEN GALLAGHER EVP, COO TJU (TERM 7/23) 55.0
Officer
$1,081,924 $62,638 $1,144,562
MICHAEL B WALSH SVP, FIN TJU & JH (term 8/23) 55.0
Key Emp
$0 $13,356 $977,109
STEPHEN T SMITH EVP, CAO 55.0
Key Emp
$879,732 $85,927 $965,659
LISA SATTESON SHRM-SCP EVP, CHIEF HR OFFicer 55.0
Key Emp
$708,087 $82,356 $790,443
ELIZABETH DALE EDD MPA FORMER KEY EMPLOYEE 0.0
$537,585 $1,003 $538,588
JOHN C EKARIUS FORMER KEY EMPLOYEE 0.0
$516,318 $6,851 $523,169
SUSAN C ALDRIDGE PHD PRESIDENT TJU 55.0
Key Emp
$460,317 $8,669 $468,986
PATRICIA D WELLENBACH CHAIR - TRUSTEE 5.0
Officer Director
$0 $0 $0
LESLIE J MCNAMARA VICE CHAIR - TRUSTEE 5.0
Officer Director
$0 $0 $0
MICHAEL E SNEED VICE CHAIR - TRUSTEE 5.0
Officer Director
$0 $0 $0
ROBERT S ADELSON ESQ TRUSTEE 5.0
Director
$0 $0 $0
STEPHEN P CRANE TRUSTEE 5.0
Director
$0 $0 $0
MIMI DRAKE TRUSTEE 5.0
Director
$0 $0 $0
JOHN J FUNG MD PHD TRUSTEE 5.0
Director
$0 $0 $0
LEA D KNIGHT TRUSTEE 5.0
Director
$0 $0 $0
MATTHEW S LEVITTIES TRUSTEE 5.0
Director
$0 $0 $0
ANDREW J MORRISROE TRUSTEE 5.0
Director
$0 $0 $0
DEBRA L NESS TRUSTEE 5.0
Director
$0 $0 $0
TIM O'ROURKE TRUSTEE 5.0
Director
$0 $0 $0
MELANIE M PENNA TRUSTEE 5.0
Director
$0 $0 $0
LAWRENCE S REICHLIN TRUSTEE 5.0
Director
$0 $0 $0
RICHARD T RILEY TRUSTEE 5.0
Director
$0 $0 $0
RAMONA ROGERS-WINDSOR TRUSTEE 5.0
Director
$0 $0 $0
RICHARD C SHEERR TRUSTEE 5.0
Director
$0 $0 $0
JOHN P SILVESTRI TRUSTEE 5.0
Director
$0 $0 $0
TRISTA M WALKER TRUSTEE 5.0
Director
$0 $0 $0
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 $1,613,249,283 $1,669,559,679 $5,080,196,016 $-56,310,396
2023 $1,666,137,809 $1,649,493,276 $4,738,692,430 $16,644,533
2022 $1,341,009,086 $1,330,229,702 $4,773,850,575 $10,779,384
2021 $1,370,617,747 $1,321,584,707 $3,656,877,922 $49,033,040
2020 $1,089,489,788 $1,101,399,101 $3,573,425,169 $-11,909,313
2019 $881,372,226 $861,799,983 $3,323,829,633 $19,572,243
2018 $696,876,987 $678,046,402 $2,783,358,881 $18,830,585
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