UNIVERSITY OF THE SCIENCES IN PHILADELPHIA (EIN 231352668) - 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

1821

Legal Domicile

Principal Officer

DAVID R BEAUPRE

Phone

2155968862

Tax Period

2021-07-01 to 2022-05-31

UNIVERSITY OF THE SCIENCES IN PHILADELPHIA, founded in 1821, is a major nonprofit that reported $103.0M in total revenue in fiscal year 2021. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $123.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

UNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS IN THE SCIENCES. SEE SCH. OUNIVERSITY OF THE SCIENCES PREPARES STUDENTS TO BECOME LEADERS, INNOVATORS, AND SKILLED PRACTITIONERS IN THE SCIENCES, THE HEALTH PROFESSIONS, AND RELATED 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 (2021)

Revenue Breakdown

Contributions & Grants $10,143,477

Program Service Revenue $79,375,335

Investment Income $11,163,558

Other Revenue $2,339,396

TOTAL REVENUE $103,021,766

Expense Breakdown

Grants Paid $17,724,154

Salaries & Benefits $50,799,080

Fundraising Expenses $904,963

Program Expenses $97,726,355

Other Expenses $54,770,679

TOTAL EXPENSES $123,293,913

Year-over-Year Comparison

	2021	2020	Change
Revenue	$103,021,766	$94,165,639	+0.1%
Expenses	$123,293,913	$116,578,577	+0.1%
Net Income	$-20,272,147	$-22,412,938	-0.1%

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

2117

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

$2,691,448

Total Directors

Key Employees

$912,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED MERCADANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
CEDRIC H JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN L KEYACK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL J SOFIA	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM WETHERILL	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSE MARY B HOY	BOARD MEMBER	3.00	Director	$0	$0	$0
JAY BORNEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL C HEMSLEY	BOARD MEMBER	3.00	Director	$0	$0	$0
CARLA HENDRICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD HOWARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES J RIVARD	BOARD MEMBER	1.00	Director	$0	$0	$0
EJ JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS J LUPO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH F RITCHIE	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE WEIL	PRESIDENT	40.00	Officer	$430,243	$44,500	$474,743
PAUL KATZ	PRESIDENT (THRU 7/21)	40.00	Officer	$369,736	$38,287	$408,023
JILL BAREN	PROVOST & VP OF ACADEMIC AFFAIRS	40.00	Officer	$343,047	$27,603	$370,650
RONALD KISHEN	VP, UNSCIENCES ONLINE	40.00	Officer	$281,955	$43,772	$325,727
ODESSA JACKSON	GEN. COUNSEL, SEC, CCO (THRU 3/22)	40.00	Officer	$281,661	$32,435	$314,096
PATRICIA VANSTON	VP BUS DEV.& ENROLL. MGMT	40.00	Officer	$265,517	$23,467	$288,984
BRIGID ISACKMAN	INTERIM CHIEF, FINANCIAL & OPERATING OFFICER	40.00	Officer	$200,928	$34,278	$235,206
ROBERT RUDD	VP INST. ADVANCEMENT (THRU 5/22)	40.00	Officer	$237,727	$36,292	$274,019
EDWARD FOOTE	DEAN OF PHARMACY	40.00	Key Emp	$258,127	$40,484	$298,611
SINCLAIR SMITH	DEAN, SAMSON COLLEGE OF HEALTH SCI.	40.00	Key Emp	$197,356	$22,506	$219,862
MARK NESTOR	ASSOCIATE VP, CIO	40.00	Key Emp	$169,466	$30,888	$200,354
NATHAN BAIRD	INTERIM DEAN, MCAS	40.00	Key Emp	$162,848	$30,507	$193,355
CATHY POON	CHAIR OF PHARM PRACTICE	40.00	Highest	$212,663	$24,940	$237,603
ANDREW PETERSON	EXECUTIVE DIRECTOR SUDI	40.00	Highest	$206,667	$36,233	$242,900
PARDEEP GUPTA	PROFESSOR	40.00	Highest	$180,269	$32,006	$212,275
ADEBOYE ADEJARE	PROFESSOR OF PHARMACEUTICAL SCIENCES	40.00	Highest	$168,782	$21,128	$189,910
LAURA WAITE	ASSO. PROF. OF CLINICAL PHARMACY	40.00	Highest	$163,994	$23,700	$187,694

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
2022	$103,021,766	$123,293,913	No data	$-20,272,147
2021	$94,165,639	$116,578,577	$406,870,373	$-22,412,938
2020	$107,500,197	$118,884,371	$394,161,147	$-11,384,174
2019	$109,936,065	$119,893,023	$418,938,897	$-9,956,958
2018	$122,745,256	$121,740,591	$432,505,778	$1,004,665

UNIVERSITY OF THE SCIENCES IN PHILADELPHIA