BROOKLYN LAW SCHOOL

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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

1901

Legal Domicile

Principal Officer

DAVID D MEYER

Phone

7186252200

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN LAW SCHOOL, founded in 1901, is a mid-sized nonprofit in the Education sector that reported $97.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $323.7M represent 40 months of operating reserves.

Mission

THE FUNDAMENTAL MISSION OF BROOKLYN LAW SCHOOL IS TO PROVIDE ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, AND ETHICAL VALUES NEEDED FOR A CAREER IN THE LAW. A WELL-ROUNDED LEGAL EDUCATION EXPOSES STUDENTS TO THEORY AND LEGAL DOCTRINE, AND GIVES THEM THE PRACTICAL SKILLS THAT WILL BE EXPECTED OF THEM AS LAWYERS. IN ORDER TO ACHIEVE ITS MISSION, THE LAW SCHOOL HAS CREATED, AND IS CONTINUING TO CREATE, A COMMUNITY OF OUTSTANDING LEGAL SCHOLARS AND TEACHERS AND STUDENTS WHO ARE AMONG THE BEST AND THE BRIGHTEST. BROOKLYN LAW SCHOOL IS DEDICATED TO CONTRIBUTING TO THE ADVANCEMENT OF OUR UNDERSTANDING OF LAW, LEGAL INSTITUTIONS, AND SOCIETY AT LARGE. BROOKLYN LAW SCHOOL'S FACULTY PRODUCES AN IMPRESSIVE BODY OF WORK, INCLUDING CASEBOOKS, TREATISES, AND ARTICLES IN DISTINGUISHED LAW JOURNALS. THE FACULTY'S STATURE HAS GREATLY ENHANCED THE LAW SCHOOL'S REPUTATION THROUGHOUT THE UNITED STATES AND ABROAD. BROOKLYN LAW SCHOOL BOASTS MORE THAN A CENTURY OF EXPERIENCE IN TRAINING STUDENTS TO ENGAGE IN THE PRACTICE OF LAW.

Program Service Accomplishments

Program 1

Expenses: $75,606,290 Revenue: $77,707,561

THE EDUCATION OF STUDENTS IN PREPARATION FOR THE LEGAL PROFESSION. IN THE FALL OF ACADEMIC YEAR 2024/2025, ENROLLMENT WAS APPROXIMATELY 1,114.

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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 $4,987,299

Program Service Revenue $77,525,144

Investment Income $10,694,777

Other Revenue $4,466,005

TOTAL REVENUE $97,673,225

Expense Breakdown

Grants Paid $36,892,380

Salaries & Benefits $38,332,894

Fundraising Expenses $2,259,480

Program Expenses $75,606,290

Other Expenses $19,825,857

TOTAL EXPENSES $95,051,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,673,225	$90,378,752	+0.1%
Expenses	$95,051,131	$95,269,382	0.0%
Net Income	$2,622,094	$-4,890,630	-1.5%

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

934

Volunteers

117

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

$1,624,725

Total Directors

Key Employees

$1,198,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J AQUILA	CHAIRPERSON OF THE BOARD OF TRUSTEES	1.00	Officer Director	$0	$0	$0
HON CLAIRE R KELLY	VICE CHAIRPERSON (UNTIL 3/25)	1.00	Officer Director	$0	$0	$0
SASHA LINNEY	VICE CHAIRPERSON (AS OF 3/25)	1.00	Officer Director	$0	$0	$0
ANNA ASHUROV	TRUSTEE	1.00	Director	$0	$0	$0
RODNEYSE BICHOTTE HERMELYN	TRUSTEE	1.00	Director	$0	$0	$0
WANDA DENSON-LOW	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE EPSTEIN HENRY	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY D FORCHELLI	TRUSTEE	1.00	Director	$0	$0	$0
ALPHONZO GRANT	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD HERSHENHORN	TRUSTEE	1.00	Director	$0	$0	$0
MELIQUE JONES	TRUSTEE	1.00	Director	$0	$0	$0
TYLER KORFF	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN T NUGENT	TRUSTEE	1.00	Director	$0	$0	$0
JOHN P OSWALD	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH RIEGEL	TRUSTEE	1.00	Director	$0	$0	$0
HON RAMON E REYES JR	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN G SCHEINFELD	TRUSTEE	1.00	Director	$0	$0	$0
STUART SUBOTNICK	TRUSTEE	1.00	Director	$0	$0	$0
MALLIKA BOLLA	GRADUATE TRUSTEE	1.00	Director	$0	$0	$0
LILLIAN SMITH	GRADUATE TRUSTEE	1.00	Director	$0	$0	$0
DEBRA HUMPHREYS	TRUSTEE (UNTIL 09/24)	1.00	Director	$0	$0	$0
DAVID MEYER	PRESIDENT & DEAN	40.00	Officer	$621,061	$53,332	$674,393
SHOSHANNA M CAMPBELL	VICE PRESIDENT OF FINANCE	40.00	Officer	$258,155	$86,102	$344,257
TODD BRISTOL	EVP & COO	40.00	Officer	$350,800	$35,293	$386,093
SARAH LUKE	GENERAL COUNSEL	40.00	Officer	$202,981	$17,001	$219,982
MIRIAM HECHLER BAER	VICE DEAN, CENT. PROF. OF LAW	40.00	Key Emp	$319,303	$21,928	$341,231
COLETTE RODGERS	VICE PRESIDENT OF OPERATIONS	40.00	Key Emp	$254,838	$26,154	$280,992
EULAS G BOYD JR	DEAN OF ADMISSIONS AND FINANCIAL AID	40.00	Key Emp	$243,546	$67,540	$311,086
ANTOINETTE J NIENABER	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$196,960	$68,661	$265,621
ANITA BERNSTEIN	PROFESSOR OF LAW	40.00	Highest	$314,683	$50,732	$365,415
WILLIAM ARAIZA	PROFESSOR OF LAW	40.00	Highest	$300,229	$75,065	$375,294
AMY GAJDA	PROFESSOR OF LAW	40.00	Highest	$311,363	$49,138	$360,501
DANA R BRAKMAN-REISER	PROFESSOR OF LAW	40.00	Highest	$266,179	$23,359	$289,538
JOCELYN L SIMONSON	PROFESSOR OF LAW	40.00	Highest	$272,178	$38,481	$310,659
MICHAEL T CAHILL	FORMER PRES. & DEAN	0.00		$518,689	$89,658	$608,347
MICHAEL GERBER	FORMER ASSC DEAN FOR ADMN & FIN (AS OF 10/23)	0.00		$306,103	$84,274	$390,377
MARYELLEN FULLERTON	FORMER PRES. & DEAN	0.00		$121,941	$59,488	$181,429
CHRISTINA MULLIGAN	FORMER VICE DEAN & PROFESSOR OF LAW	0.00		$234,421	$38,485	$272,906

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	$97,673,225	$95,051,131	$386,783,258	$2,622,094
2024	$90,378,752	$95,269,382	$369,925,143	$-4,890,630
2024	$90,378,752	$95,269,382	$369,925,143	$-4,890,630
2023	$91,658,838	$94,620,854	$365,182,265	$-2,962,016
2022	$83,409,287	$87,374,773	$356,965,207	$-3,965,486
2021	$73,619,300	$81,722,696	$395,638,685	$-8,103,396
2020	$65,236,818	$82,401,925	$327,973,230	$-17,165,107
2019	$73,980,348	$80,800,432	$334,787,738	$-6,820,084
2018	$76,775,779	$80,694,617	$350,595,424	$-3,918,838