ALVERNIA 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

1958

Legal Domicile

Principal Officer

JOHN MCCLOSKEY

Phone

6107965600

Tax Period

2024-07-01 to 2025-06-30

ALVERNIA UNIVERSITY, founded in 1958, is a major nonprofit that reported $120.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $116.6M left a modest 3% surplus.

Mission

ALVERNIA UNIVERSITY IS A CATHOLIC COMPREHENSIVE UNIVERSITY WITH A LIBERAL ARTS FOUNDATION FOUNDED BY THE BERNARDINE FRANCISCAN SISTERS IN 1958. SEE CONTINUATION ON SCHEDULE O.

Program Service Accomplishments

Program 1

Expenses: $98,789,649 Revenue: $101,943,619

CONDUCT, OPERATE AND MAINTAIN A COLLEGE FOR THE EDUCATION, TRAINING AND SPIRITUAL GUIDANCE OF MEN AND WOMEN, WITH THE POWER TO CONFER UPON STUDENTS, WHO HAVE SUCCESSFULLY COMPLETED THE REQUIRED...

CONDUCT, OPERATE AND MAINTAIN A COLLEGE FOR THE EDUCATION, TRAINING AND SPIRITUAL GUIDANCE OF MEN AND WOMEN, WITH THE POWER TO CONFER UPON STUDENTS, WHO HAVE SUCCESSFULLY COMPLETED THE REQUIRED COURSES, THE DEGREE OF BACHELOR OF ARTS AND THE DEGREE OF BACHELOR OF SCIENCE, AND SUCH OTHER DEGREES AS MAY BE APPROVED AND AUTHORIZED BY THE DEPARTMENT OF EDUCATION OF THE COMMONWEALTH OF PENNSYLVANIA. THE COLLEGE HAS APPROXIMATELY 3,000 STUDENTS, INCLUDING UNDERGRADUATES, GRADUATES, AND PHD STUDENTS.

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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 $15,723,864

Program Service Revenue $101,933,423

Investment Income $2,312,975

Other Revenue $682,877

TOTAL REVENUE $120,653,139

Expense Breakdown

Grants Paid $38,833,082

Salaries & Benefits $38,174,447

Fundraising Expenses $1,817,458

Program Expenses $98,789,649

Other Expenses $39,613,608

TOTAL EXPENSES $116,621,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,653,139	$109,201,504	+0.1%
Expenses	$116,621,137	$109,326,332	+0.1%
Net Income	$4,032,002	$-124,828	-33.3%

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

1364

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

$2,109,828

Total Directors

$849,324

Key Employees

$768,430

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY J SHEMANSKI	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL DUFF	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN M ARNOLD JR	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BARBERA MD	TRUSTEE	1.00	Director	$0	$0	$0
PAULA BARRETT CPA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J CARON	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P DEACOSTA	TRUSTEE	1.00	Director	$0	$0	$0
SR ANN DEGUISE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD EHST	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FROMM	TRUSTEE	1.00	Director	$0	$0	$0
JOHN H GALLEN JR	TRUSTEE	1.00	Director	$0	$0	$0
JANE GATES PHD	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA C GILES	TRUSTEE	1.00	Director	$0	$0	$0
SR MADONNA MARIE HARVATH OSF	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN HUYETT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN M KOONS CPA	TRUSTEE	1.00	Director	$0	$0	$0
GINGER KUNKEL	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL LANGDON	TRUSTEE	1.00	Director	$0	$0	$0
SR SANDRA LYONS	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL MAHER DMD	TRUSTEE	1.00	Director	$0	$0	$0
SR DAVID ANN NISKI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID W PATTI	TRUSTEE	1.00	Director	$0	$0	$0
KAREN PIRAINO	TRUSTEE	1.00	Director	$0	$0	$0
SR JOHN ANN PROACH	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY RUSH	TRUSTEE	1.00	Director	$0	$0	$0
PETER RYE	TRUSTEE	1.00	Director	$0	$0	$0
JEANNIE SAVAGE	TRUSTEE	1.00	Director	$0	$0	$0
BARRY SCHLOUCH	TRUSTEE	1.00	Director	$0	$0	$0
LUCINE SIHELNIK	TRUSTEE	1.00	Director	$0	$0	$0
SR MARY SNINSKY	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS TIEMAN	TRUSTEE	1.00	Director	$0	$0	$0
SR MARY JOSEPH TIRPAK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TOBASH	TRUSTEE	1.00	Director	$0	$0	$0
PAUL F TRUNK	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TURNER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK WITMER MPA	TRUSTEE	1.00	Director	$0	$0	$0
GLYNIS FITZGERALD	PRESIDENT	40.00	Officer Director	$465,442	$60,655	$526,097
JOHN MCCLOSKEY	SVP, COO, SECRETARY	40.00	Officer Director	$279,615	$43,612	$323,227
LEAMOR KAHANOV	SVP, PROVOST	40.00	Officer	$229,490	$35,912	$265,402
RODNEY RIDLEY	VP, CHIEF OPERATIONS OFFICER	40.00	Officer	$199,251	$39,377	$238,628
THOMAS MINICK	VP, ADVANCEMENT & GOVERNMENT	40.00	Officer	$208,109	$26,438	$234,547
ADAM WASZKIEWICZ	VP, BUSINESS AFFAIRS	40.00	Officer	$179,109	$25,533	$204,642
GAETAN GIANNINI	VP, GRADUATE & ADULT EDUCATION	40.00	Officer	$165,981	$23,348	$189,329
ADELLE SCHADE	VP, INNOVATION VENTURES	40.00	Officer	$114,230	$13,726	$127,956
PATRICIA REGER	DEAN, COLLEGE OF HEALTH SCIENCES	40.00	Key Emp	$170,338	$37,424	$207,762
TRAVIS BERGER	DEAN, BUSINESS COMM. & LEADERSHIP	40.00	Key Emp	$157,567	$31,949	$189,516
ELIZABETH MATTEO	DEAN, COLLEGE OF HUMANITIES & SOCIAL SERVICES	40.00	Key Emp	$152,321	$31,670	$183,991
DAVID SHOUP	DEAN, COLLEGE OF STEM	40.00	Key Emp	$163,947	$23,214	$187,161
RENEE LANGSTAFF	DIRECTOR OF PHYSICIAN ASSISTANT PROG	40.00	Highest	$153,614	$22,783	$176,397
MARY ELLEN WELLS	ASSOCIATE PROVOST	40.00	Highest	$149,899	$11,452	$161,351
TUFAN TIGLIOGLU	PROFESSOR	40.00	Highest	$132,790	$16,617	$149,407
MEGGAN HANNIGAN	AVP, INSTITUTIONAL ADVANCEMENT	40.00	Highest	$121,386	$29,354	$150,740
MARY-ALICE OZECHOSKI	SVP, ENROLLMENT MGMT & STUDENT AFFAIRS	40.00		$236,479	$16,430	$252,909
DARRYL MACE	VP, MISSION DIVERSITY & INCLUSION	40.00		$146,055	$31,132	$177,187
JOHN LOYACK	CONSULTING EXECUTIVE DIRECTOR	40.00		$232,631	$17,081	$249,712
WILLIAM STILES	AVP, ATHLETICS	40.00		$124,581	$33,977	$158,558

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	$120,653,139	$116,621,137	$227,647,098	$4,032,002
2024	No data	No data	No data	No data
2023	$110,643,942	$104,747,650	$219,365,146	$5,896,292
2022	$111,427,608	$96,409,408	$194,339,398	$15,018,200
2021	$95,081,887	$86,819,297	$194,374,923	$8,262,590
2020	$90,031,322	$89,491,945	$170,646,570	$539,377
2019	$87,506,069	$84,919,017	$157,362,646	$2,587,052
2018	$84,442,742	$79,664,434	$151,614,989	$4,778,308