CITY UNIVERSITY OF SEATTLE

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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

1973

Legal Domicile

Principal Officer

CHRISTOPHER BRYAN

Phone

2062394911

Tax Period

2023-07-01 to 2024-06-30

CITY UNIVERSITY OF SEATTLE, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $47.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $44.0M left a modest 7% surplus.

Mission

FOUNDED IN 1973, CITY UNIVERSITY OF SEATTLE'S MISSION IS TO CHANGE LIVES FOR GOOD BY OFFERING HIGH QUALITY AND RELEVANT LIFELONG EDUCATION TO ANYONE WITH THE DESIRE TO LEARN. CITY UNIVERSITY'S VISION IS TO PROVIDE UNDERSERVED INDIVIDUALS AND COMMUNITIES AROUND THE WORLD ACCESS TO HIGH QUALITY, LIFELONG EDUCATION THROUGH A NETWORK OF LOCAL AND INTERNATIONAL PARTNERSHIPS. TO FULFILL ITS MISSION AND WORK TOWARD ACHIEVING ITS VISION, CITY UNIVERSITY OF SEATTLE DETERMINES TO BE FLEXIBLE: DESIGN AND DELIVER PROGRAMS AND SERVICES TO BE CONVENIENT TO STUDENTS; ACCESSIBLE: PROVIDE EDUCATIONAL OPPORTUNITIES TO ANYONE, ANYWHERE; INNOVATIVE: CONTINUALLY CREATE NEW EDUCATIONAL OPPORTUNITIES; RELEVANT: WHAT IS TAUGHT TODAY CAN BE APPLIED TOMORROW; AND GLOBAL: ACT LOCALLY AND THINK GLOBALLY.CITY UNIVERSITY OF SEATTLE IS ACCREDITED BY THE NORTHWEST COMMISSION ON COLLEGES AND UNIVERSITIES (NWCCU), A REGIONAL BODY APPROVED BY THE U.S. DEPARTMENT OF EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $25,063,250 Revenue: $42,475,436

CITY UNIVERSITY OF SEATTLE IS A PRIVATE, NOT-FOR-PROFIT UNIVERSITY WITH APPROXIMATELY 6,150 ENROLLMENTS DURING THE YEAR ENDED JUNE 30, 2024. ALL GRANTS UNDER FINANCIAL AID GO TO STUDENTS TO FINANCE THEIR EDUCATION. THE UNIVERSITY IS COMPRISED OF THE SCHOOL OF MANAGEMENT, THE GORDON ALBRIGHT SCHOOL OF EDUCATION, THE DIVISION OF ARTS AND SCIENCES, THE SCHOOL OF APPLIED LEADERSHIP, AND THE DIVISION OF WASHINGTON ACADEMY OF LANGUAGES. HEADQUARTERED IN THE PACIFIC NORTHWEST, CITY UNIVERSITY OF SEATTLE OFFERS PROFESSIONAL CERTIFICATION, ASSOCIATES, BACHELORS, MASTER'S, AND DOCTORAL PROGRAMS. CLASSES ARE HELD AT LOCATIONS THROUGHOUT WASHINGTON, CANADA, MEXICO, GREECE, SWITZERLAND, THE CZECH REPUBLIC, VIETNAM, AND CHINA.

Program 2

Expenses: $610,143

CITY UNIVERSITY OF SEATTLE BELIEVES THAT FUNDING SHOULD NOT BE A BARRIER TO EDUCATION. THE UNIVERSITY HAS MULTIPLE SCHOLARSHIP PROGRAMS AVAILABLE FOR STUDENTS WHO ARE LOW-INCOME MINORITIES...

CITY UNIVERSITY OF SEATTLE BELIEVES THAT FUNDING SHOULD NOT BE A BARRIER TO EDUCATION. THE UNIVERSITY HAS MULTIPLE SCHOLARSHIP PROGRAMS AVAILABLE FOR STUDENTS WHO ARE LOW-INCOME MINORITIES, UNDERREPRESENTED, EXPERIENCING ECONOMIC HARDSHIP, OR DEPENDENT ON MERIT-BASED SCHOLARSHIPS. CITYU HAS AWARDED MORE THAN $6.1 MILLION IN SCHOLARSHIPS TO DATE. CITY UNIVERSITY OF SEATTLE CONTINUES THE LAID-OFF WORKER AND TRANSFER SCHOLARSHIP PROGRAM TO ASSIST STUDENTS THAT WERE IMPACTED BY RECENT POOR ECONOMIC CONDITIONS. CITY UNIVERSITY OF SEATTLE ALSO ADDED INTERNATIONAL STUDENT SCHOLARSHIPS FOR STUDENTS WITH ECONOMIC NEED, NEW STUDENTS AND TRANSFER 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 (2023)

Revenue Breakdown

Contributions & Grants $252,658

Program Service Revenue $42,475,436

Investment Income $4,435,451

Other Revenue $0

TOTAL REVENUE $47,163,545

Expense Breakdown

Grants Paid $610,143

Salaries & Benefits $27,331,197

Fundraising Expenses $0

Program Expenses $25,673,393

Other Expenses $16,019,391

TOTAL EXPENSES $43,960,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,163,545	$41,187,847	+0.1%
Expenses	$43,960,731	$43,967,120	0.0%
Net Income	$3,202,814	$-2,779,273	-2.2%

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

497

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

$1,908,834

Total Directors

$1,021,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARK MILLIRON	CHAIR	0.30	Officer Director	$0	$38,391	$1,021,947
DR E LEE RICE	VICE CHAIR	0.30	Officer Director	$0	$0	$0
LEE WILLIS-IRVINE	SECRETARY	0.30	Officer Director	$0	$0	$0
RICHARD CHISHOLM	TREASURER	0.30	Officer Director	$0	$0	$0
STACY ALLISON	TRUSTEE	0.30	Director	$0	$0	$0
THOMAS CLEVINGER	TRUSTEE	0.30	Director	$0	$0	$0
JEANNE CONNELLY	TRUSTEE	0.30	Director	$0	$0	$0
KIM FOLSOM	TRUSTEE	0.30	Director	$0	$0	$0
HAROLD GREENBERG	TRUSTEE	0.30	Director	$0	$0	$0
DR RUTHANN HEINRICH	TRUSTEE	0.30	Director	$0	$0	$0
DR ERLINDA MARTINEZ	TRUSTEE	0.30	Director	$0	$0	$0
MICHAEL MCGILL	TRUSTEE	0.30	Director	$0	$0	$0
JOANNE PASTULA	TRUSTEE	0.30	Director	$0	$0	$0
DAN PITTARD	TRUSTEE	0.30	Director	$0	$0	$0
HIEP QUACH	TRUSTEE	0.30	Director	$0	$0	$0
CARLOS RODRIGUEZ	TRUSTEE	0.30	Director	$0	$0	$0
THOMAS TOPUZES	TRUSTEE	0.30	Director	$0	$0	$0
RANDY C FRISCH	PRESIDENT	45.00	Officer	$590,180	$31,431	$621,611
CHRIS BRYAN	CFO/COO	45.00	Officer	$242,000	$23,276	$265,276
JASON ELLIOTT VP MARKETING	& ENROLLMENT MANAGEMENT	45.00	Highest	$215,000	$31,090	$246,090
SUMANTRA SENGUPTA	DEAN	45.00	Highest	$175,589	$31,622	$207,211
MELISSA MECHAM	PROVOST	45.00	Highest	$176,145	$23,208	$199,353
KEVIN BROWN SR DIRECTOR	OF INSTITUTIONAL EFFECTIVENESS	45.00	Highest	$165,195	$29,604	$194,799
SAM CHUNG	DEAN	45.00	Highest	$147,069	$19,462	$166,531

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	$47,163,545	$43,960,731	$49,892,955	$3,202,814
2023	$41,187,847	$43,967,120	$48,167,764	$-2,779,273
2022	$40,724,589	$39,397,267	$55,188,897	$1,327,322
2021	$38,289,518	$40,475,351	$61,927,042	$-2,185,833
2020	$42,537,894	$39,224,947	$34,780,383	$3,312,947
2019	$40,361,492	$39,657,211	$35,169,500	$704,281
2018	$41,600,693	$39,823,840	$33,367,136	$1,776,853