Eastern University (EIN 231409675) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Phone

6103415890

Tax Period

2023-07-01 to 2024-06-30

Eastern University, founded in 1952, is a major nonprofit in the Education sector that reported $120.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $115.0M left a modest 5% surplus.

Mission

Eastern University is a diverse, Christ-centered community preparing graduates to impact the world through faith, reason, and justice.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,853,488

Program Service Revenue $107,175,517

Investment Income $690,426

Other Revenue $1,177,260

TOTAL REVENUE $120,896,691

Expense Breakdown

Grants Paid $36,440,907

Salaries & Benefits $40,952,339

Fundraising Expenses $2,197,729

Program Expenses $100,865,791

Other Expenses $37,639,735

TOTAL EXPENSES $115,032,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$120,896,691	$107,410,426	+0.1%
Expenses	$115,032,981	$98,278,120	+0.2%
Net Income	$5,863,710	$9,132,306	-0.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1420

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

$1,292,408

Total Directors

$405,927

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Shute	Second Vice Chair	1.0	Officer Director	$0	$0	$0
Charles Olson III	Vice Chair	1.0	Officer Director	$0	$0	$0
Matthew Kane	Treasurer	1.0	Officer Director	$0	$0	$0
Ronald Matthews	President	40.0	Officer Director	$353,737	$52,190	$405,927
Stacey Sauchuk PhD	Secretary	1.0	Officer Director	$0	$0	$0
Steven Clemens Esq	Chairman of the Board	1.0	Officer Director	$0	$0	$0
Albert Davis Jr	Board Member	1.0	Director	$0	$0	$0
Dennis Tanner	Board Member (part year)	1.0	Director	$0	$0	$0
Donald Hilliard Jr DMin	Board Member	1.0	Director	$0	$0	$0
Dr Ardell Thomas	Board Member	1.0	Director	$0	$0	$0
Dr Michael Mandarino III	Board Member	1.0	Director	$0	$0	$0
Jacob Chatman DMin	Board Member	1.0	Director	$0	$0	$0
Jared Bass Esq	Board Member	1.0	Director	$0	$0	$0
Jean Kim PhD	Board Member	1.0	Director	$0	$0	$0
Jeffrey Morrison	Board Member	1.0	Director	$0	$0	$0
Kara King PhD	Board Member	1.0	Director	$0	$0	$0
Katherine McNabb	Board Member	1.0	Director	$0	$0	$0
Leah Mulhearn	Board Member	1.0	Director	$0	$0	$0
Mario Martinez	Board Member	1.0	Director	$0	$0	$0
Mark Seymour	Board Member	1.0	Director	$0	$0	$0
Mark Wagner	Board Member	1.0	Director	$0	$0	$0
Michael McNamara	Board Member	1.0	Director	$0	$0	$0
Rebecca Walter	Board Member	1.0	Director	$0	$0	$0
Rev Alyn Waller DMin	Board Member	1.0	Director	$0	$0	$0
Rev Danny Corts	Board Member	1.0	Director	$0	$0	$0
Rev W Wilson Goode Sr DMin	Board Member	1.0	Director	$0	$0	$0
Robert Tomilson Esq	Board Member	1.0	Director	$0	$0	$0
Christine Mahan	VP for Inst Research & Assessment	40.0	Officer	$187,155	$16,158	$203,313
Kenton Sparks	Provost	40.0	Officer	$148,137	$111,172	$259,309
Luisa Wilsman	VP for Advancement	40.0	Officer	$168,803	$16,495	$185,298
Trevor Jackson	VP for Finance & Operations	40.0	Officer	$201,394	$37,167	$238,561
Christa Lee-Chuvala	Dean, College of Business and Leadership	40.0	Highest	$130,538	$28,436	$158,974
Eric McCloy	Chief Information Officer	40.0	Highest	$135,511	$34,631	$170,142
Jacqueline Irving	AVP for Student Development	40.0	Highest	$139,370	$19,467	$158,837
Susan Edgar-Smith	Dean - Education	40.0	Highest	$134,182	$21,422	$155,604
William Crocker	Head Coach Football	40.0	Highest	$126,923	$27,892	$154,815

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	$120,896,691	$115,032,981	$121,584,824	$5,863,710
2023	$107,410,426	$98,278,120	$112,241,845	$9,132,306
2022	$93,010,040	$89,654,124	$105,196,779	$3,355,916
2021	$89,220,352	$82,152,914	$110,068,268	$7,067,438
2020	$80,183,384	$80,712,648	$97,736,290	$-529,264
2019	$80,203,709	$81,042,816	$97,312,015	$-839,107

Eastern University