DESALES UNIVERSITY

EIN: 231653718 501(c)(3) Education

CENTER VALLEY, PA

Total Revenue
$129,548,696
Total Expenses
$133,300,687
Total Assets
$246,330,370
Net Assets
$180,709,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
PA
Principal Officer
ROBERT J SNYDER
Phone
6102821100
Tax Period
2022-07-01 to 2023-06-30

DESALES UNIVERSITY, founded in 1965, is a major nonprofit in the Education sector that reported $129.5M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF DESALES UNIVERSITY IS TO PROVIDE MEN AND WOMEN WITH QUALITY HIGHER EDUCATION ACCORDING TO THE PHILOSOPHY OF CHRISTIAN HUMANISM AS DEVELOPED BY SAINT FRANCIS DE SALES AND HIS SPIRITUAL HEIRS. THE UNIVERSITY IMPARTS KNOWLEDGE ABOUT AND DEVELOPS TALENTS FOR PERSONAL, FAMILIAL, AND SOCIETAL LIVING. DESALES UNIVERSITY ENRICHES THE HUMAN COMMUNITY AND ENCHANCES THE DIGNITY OF THE INDIVIDUAL THROUGH ITS EDUCATIONAL ENDEAVORS. IN ITS WORK, THE UNIVERSITY FOSTERS A VITAL AND RESPECTFUL DIALOGUE BETWEEN ROMAN CATHOLIC FAITH AND HUMAN CULTURE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,436,295
Program Service Revenue $112,101,755
Investment Income $6,274,369
Other Revenue $736,277
TOTAL REVENUE $129,548,696

Expense Breakdown

Grants Paid $46,597,992
Salaries & Benefits $48,494,741
Fundraising Expenses $2,149,681
Program Expenses $126,667,727
Other Expenses $38,207,954
TOTAL EXPENSES $133,300,687

Year-over-Year Comparison

2022 2021 Change
Revenue $129,548,696 $138,627,369 -0.1%
Expenses $133,300,687 $131,880,339 +0.0%
Net Income $-3,751,991 $6,747,030 -1.6%
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

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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
23
Independent Members
22
Employees
1761
Volunteers
75

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
11
$1,842,764
Total Directors
24
$73,668
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FR JAMES J GREENFIELD PRESIDENT 50.00
Officer Director
$1,039 $72,629 $73,668
KATHLEEN KUND NOLAN CHAIR 2.00
Director
$0 $0 $0
FRANK D BOYER TRUSTEE 1.00
Director
$0 $0 $0
FRANK J DALICANDRO TRUSTEE 1.00
Director
$0 $0 $0
REV FRANCIS W DANELLA OSFS TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH FITZPATRICK ESQ TRUSTEE 1.00
Director
$0 $0 $0
FRANCIS J FORD JR TRUSTEE 1.00
Director
$0 $0 $0
REV MATTHEW J HILLYARD OSFS TRUSTEE 1.00
Director
$0 $0 $0
GARY J IACOCCA TRUSTEE 1.00
Director
$0 $0 $0
REV MSGR DAVID L JAMES TRUSTEE 1.00
Director
$0 $0 $0
BRIAN E KEARNEY TRUSTEE 1.00
Director
$0 $0 $0
V REV JOHN KOLODZIEJ OSFS TRUSTEE 1.00
Director
$0 $0 $0
HON JOSEPH F LEESON JR TRUSTEE 1.00
Director
$0 $0 $0
GENE J MARINO TRUSTEE 1.00
Director
$0 $0 $0
DR VINCENT J MOFFIT TRUSTEE 1.00
Director
$0 $0 $0
MARIA C MONTERO ESQ TRUSTEE 1.00
Director
$0 $0 $0
REV RONALD W OLSZEWSKI OSFS TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN WATERBURY REILLY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL A ROSSI TRUSTEE 1.00
Director
$0 $0 $0
JOHN D STANLEY ESQ TRUSTEE 1.00
Director
$0 $0 $0
MOST REV BARRY STRONG TRUSTEE 1.00
Director
$0 $0 $0
THOMAS V WHALEN TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH C TRINKLE JR TRUSTEE 1.00
Director
$0 $0 $0
KENNAN LYNCH TRUSTEE TO MAY 2023 1.00
Director
$0 $0 $0
ROBERT SNYDER VP FINANCE & ADMINISTRATION 53.00
Officer
$237,317 $37,434 $274,751
DR GERARD JOYCE EXECUTIVE VICE PRESIDENT 50.00
Officer
$211,868 $34,133 $246,001
DR ROBERT BLUMENSTEIN ACTING PROVOST & DEAN OF UNDERGRADUATE STUDIES 50.00
Officer
$202,536 $25,335 $227,871
LINDA ZERBE VP FOR STUDENT LIFE 45.00
Officer
$169,406 $37,664 $207,070
MARC ALBANESE VP FOR CAMPUS ENVIRONMENT 50.00
Officer
$161,754 $31,689 $193,443
MICHAEL SWEETANA DIRECTOR OF FINANCE & TREASURER 55.00
Officer
$170,905 $24,294 $195,199
PETER RAUTZHAN ASSOC VP ADMIN/SECRETARY 40.00
Officer
$139,879 $35,310 $175,189
CHERYL MURPHY VP FOR INSTIT. ADVANCEMENT TO 03/23 40.00
Officer
$170,060 $23,708 $193,768
BRO DANIEL WISNIEWSKI PROVOST 55.00
Officer
$311 $25,040 $25,351
FR KEVIN M NADOLSKI VP FOR MISSION 45.00
Officer
$344 $30,109 $30,453
DR CHRISTOPHER COCOZZA CHAIR FOR DIVISION OF BUSINESS 45.00
Highest
$186,879 $30,045 $216,924
DR MARY ELIZABETH TADDUNI CHAIR FOR DIVISION OF NURSING 45.00
Highest
$184,776 $25,396 $210,172
DR CAROL GULLO MEST CHAIR OF GRADUATE NURSING 45.00
Highest
$176,436 $31,559 $207,995
DENNIS RAZZE ASSOCIATE PROFESSOR 40.00
Highest
$160,651 $23,165 $183,816
SUSAN MCGORRY PROFESSOR & ASSISTANT PROVOST 40.00
Highest
$146,037 $33,435 $179,472
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 No data No data No data No data
2023 $129,548,696 $133,300,687 $246,330,370 $-3,751,991
2022 $138,627,369 $131,880,339 $248,865,139 $6,747,030
2021 $127,653,675 $119,109,415 $267,808,643 $8,544,260
2020 $119,802,962 $115,400,955 $251,211,815 $4,402,007
2019 $121,267,896 $113,138,262 $240,874,851 $8,129,634
2018 $111,689,089 $106,793,404 $232,453,478 $4,895,685
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