DELAWARE VALLEY 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

1896

Legal Domicile

Principal Officer

BENJAMIN RUSILOSKI

Phone

2154892251

Tax Period

2024-07-01 to 2025-06-30

DELAWARE VALLEY UNIVERSITY, founded in 1896, is a major nonprofit that reported $105.8M in total revenue in fiscal year 2024. Expenses of $102.2M left a modest 3% surplus.

Mission

WE ARE INSPIRED BY THE IDEALS OF OUR FOUNDER WHO, IN 1896, EMPHASIZED RESPECT FOR ALL PEOPLE AND IDEAS, WHO HONORED KNOWLEDGE WITH PRACTICE, PROGRESS AND THE COMMON GOOD. OUR HISTORICAL COMMITMENT TO EXPERIENTIAL LEARNING INTEGRATES THEORY AND PRACTICE AND PREPARES UNDERGRADUATE AND GRADUATE STUDENTS TO MEET THE CHALLENGES OF A COMPLEX GLOBAL ENVIRONMENT AND TO ENGAGE IN LIFELONG LEARNING. WE PROVIDE STUDENTS WITH THE REQUISITE SKILLS AND A SPIRIT OF INQUIRY THAT ENRICH AND INFORM THEIR LIVES, PREPARE THEM TO PURSUE MEANINGFUL CAREERS, AND FULFILL SOCIETAL, COMMUNITY AND FAMILY RESPONSIBILITIES.

Program Service Accomplishments

Program 1

Expenses: $89,810,599 Revenue: $94,266,028

DELAWARE VALLEY UNIVERSITY (THE UNIVERSITY) IS A PRIVATE COEDUCATIONAL FOUR-YEAR INSTITUTION LOCATED IN DOYLESTOWN, BUCKS COUNTY, PENNSYLVANIA. THE UNIVERSITY WAS FOUNDED IN 1896 AND CURRENTLY...

DELAWARE VALLEY UNIVERSITY (THE UNIVERSITY) IS A PRIVATE COEDUCATIONAL FOUR-YEAR INSTITUTION LOCATED IN DOYLESTOWN, BUCKS COUNTY, PENNSYLVANIA. THE UNIVERSITY WAS FOUNDED IN 1896 AND CURRENTLY ENROLLS JUST UNDER 1,600 FULL-TIME UNDERGRADUATE STUDENTS. THE UNIVERSITY'S FOCUS IS EXPERIENTIAL EDUCATION IN THE AREAS OF HIGH-SCIENCE AGRICULTURE, BIOLOGICAL AND PHYSICAL SCIENCES, LIBERAL ARTS, TEACHER EDUCATION AND BUSINESS. IN ADDITION TO 29 FULL-TIME UNDERGRADUATE DEGREE PROGRAMS, THE UNIVERSITY OFFERS ASSOCIATE OF SCIENCE DEGREE PROGRAMS AND CONTINUING AND PROFESSIONAL STUDIES PROGRAMS INCLUDING EVENING AND SUMMER SESSIONS. THE UNIVERSITY OFFERS GRADUATE DEGREES: A MASTER OF SCIENCE DEGREE IN EDUCATIONAL LEADERSHIP, A MASTER OF SCIENCE IN SPECIAL EDUCATION, A MASTER OF SCIENCE IN TEACHING AND LEARNING, A MASTER OF ARTS IN CRIMINAL JUSTICE, A MASTER OF BUSINESS ADMINISTRATION WITH VARIOUS SPECIALIZATIONS, A MASTER OF ARTS IN COUNSELING PSYCHOLOGY, A MASTER OF SCIENCE IN AGRIBUSINESS MANAGEMENT, A MASTER OF HEALTHCARE ADMINISTRATION, A MASTER OF ARTS IN MANAGEMENT AND ORGANIZATIONAL LEADERSHIP, A MASTER OF SCIENCE IN PHYSICIAN ASSISTANT STUDIES, A MASTER OF SCIENCE IN SPEECH-LANGUAGE PATHOLOGY, AND A DOCTORATE OF EDUCATION IN EDUCATIONAL LEADERSHIP. THE UNIVERSITY ALSO OFFERS MORE THAN 20 GRADUATE CERTIFICATE PROGRAMS ACROSS MULTIPLE DISCIPLINES.

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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 $7,869,690

Program Service Revenue $93,667,244

Investment Income $2,675,915

Other Revenue $1,600,941

TOTAL REVENUE $105,813,790

Expense Breakdown

Grants Paid $40,584,994

Salaries & Benefits $34,479,228

Fundraising Expenses $1,113,549

Program Expenses $89,810,599

Other Expenses $27,114,170

TOTAL EXPENSES $102,178,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,813,790	$100,573,627	+0.1%
Expenses	$102,178,392	$102,512,168	0.0%
Net Income	$3,635,398	$-1,938,541	-2.9%

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

Governance

Voting Members

Independent Members

Employees

1305

Volunteers

125

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

$698,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN RUSILOSKI	PRESIDENT	55.00	Officer	$423,807	$35,254	$459,061
GLORIA ABIMBOLA OIKELOME	PROVOST & VP OF ACADEMIC AFFAIRS	55.00	Highest	$237,759	$42,829	$280,588
JAMES EDWARD COOPER	VP OF FINANCE AND ADMINISTRATION	55.00	Officer	$213,127	$26,409	$239,536
STEPHEN JOHN RIEKS	CHIEF INFORMATION OFFICER	55.00	Highest	$193,752	$35,682	$229,434
BROC ALAN SANDELIN - DEAN OF	AGRICULTURE & ENVIRONMENTAL SCIENCE	55.00	Highest	$187,684	$34,256	$221,940
JOSEPH THOMAS FIOCHETTA	VP OF DEVELOPMENT & ALUMNI AFFAIRS	55.00	Highest	$202,824	$18,550	$221,374
KATHRYN MARY PAYNE	VP OF ENROLLMENT MANAGEMENT	55.00	Highest	$204,696	$16,214	$220,910
ANDREW DOUGHERTY	CHAIR	0.30	Officer Director	$0	$0	$0
HAKIM RICHARD SAVOY	VICE-CHAIR	0.30	Officer Director	$0	$0	$0
JIMMY CHEEK	SECRETARY	0.30	Officer Director	$0	$0	$0
JOY LEVY	TREASURER	0.30	Officer Director	$0	$0	$0
FRANCIE BABIK	TRUSTEE	0.30	Director	$0	$0	$0
CELINA BURGUENO	TRUSTEE	0.30	Director	$0	$0	$0
NEIL CLOVER	TRUSTEE AS OF NOV 2024	0.30	Director	$0	$0	$0
THOMAS DEBROWSKI	TRUSTEE	0.30	Director	$0	$0	$0
RICHARD FINKEL	TRUSTEE	0.30	Director	$0	$0	$0
LOUIS HEGYES	TRUSTEE	0.30	Director	$0	$0	$0
KENNETH LIPTON	TRUSTEE	0.30	Director	$0	$0	$0
PHILIP LUCCARELLI	TRUSTEE	0.30	Director	$0	$0	$0
CAM MAIO	TRUSTEE	0.30	Director	$0	$0	$0
JONATHAN MANDELL	TRUSTEE	0.30	Director	$0	$0	$0
KYLE MCAULIFFE	TRUSTEE	0.30	Director	$0	$0	$0
KELLIE MCGOWAN	TRUSTEE	0.30	Director	$0	$0	$0
BLAIR RUSH	TRUSTEE	0.30	Director	$0	$0	$0
AMY LEENHOUTS TAIT	TRUSTEE	0.30	Director	$0	$0	$0
GARY ULRICH	TRUSTEE	0.30	Director	$0	$0	$0
JUN IWATA	TRUSTEE TO AUG 2024	0.30	Director	$0	$0	$0
JEFF MARSHALL	TRUSTEE TO JUN 2025	0.30	Director	$0	$0	$0
JULIA WILLIAMS	TRUSTEE TO JUL 2024	0.30	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	$105,813,790	$102,178,392	$114,802,260	$3,635,398
2024	$100,573,627	$102,512,168	$114,134,488	$-1,938,541
2023	$96,502,047	$98,956,037	$114,159,276	$-2,453,990
2022	$93,931,517	$92,075,288	$115,886,881	$1,856,229
2021	$92,994,574	$91,157,645	$117,620,537	$1,836,929
2020	$90,646,449	$92,683,768	$108,794,895	$-2,037,319
2019	$93,127,496	$94,879,759	$111,285,862	$-1,752,263
2018	$90,957,035	$91,343,342	$114,492,950	$-386,307