LEHIGH UNIVERSITY

EIN: 240795445 501(c)(3) Education

BETHLEHEM, PA

Total Revenue
$840,062,522
Total Expenses
$731,172,334
Total Assets
$3,464,195,116
Net Assets
$2,738,097,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1866
Legal Domicile
PA
Principal Officer
JOSEPH J HELBLE
Phone
6107583143
Tax Period
2024-07-01 to 2025-06-30

LEHIGH UNIVERSITY, founded in 1866, is a major nonprofit in the Education sector that reported $840.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $731.2M left a modest 13% surplus.

Mission

FIRST CLASS TRAVEL: PRESIDENT HELBLE TRAVELED FIRST CLASS ON A FEW OCCASIONS DURING FISCAL YEAR 2025. PRESIDENT HELBLE'S CONTRACT ALLOWS HIM TO TRAVEL BUSINESS CLASS TO ALLOW HIM TO WORK ON HIS FLIGHTS SO HE CAN BE PREPARED FOR HIS MEETINGS WHEN HE LANDS. THESE TRIPS ARE ALSO OFTEN BOOKED LAST MINUTE AND SOME AIRLINES COMBINE BUSINESS CLASS WITH FIRST CLASS. HOUSING ALLOWANCE: THE AMOUNT REPORTED IN COLUMN D OF PART II FOR JOSEPH HELBLE INCLUDES THE ESTIMATED ANNUAL LEASE VALUE FOR THE PRESIDENT'S HOUSE. DR. HELBLE WAS REQUIRED TO RESIDE IN A HOUSE ON CAMPUS. THE PRESIDENT'S HOUSE SERVED NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY UNIVERSITY EVENTS. CLEANING SERVIES WERE ALSO PROVIDED FOR THE HOUSE. THE HOUSING ALLOWANCE WAS REPORTABLE AS TAXABLE COMPENSATION. CLUB DUES AND INITIATION FEES: LEHIGH UNIVERSITY OFFERS A SUBSIDY OF COUNTRY CLUB INITIATION AND MEMBERSHIP DUES TO ELIGIBLE EMPLOYEES IN KEY POSITIONS FOR THE PURPOSE OF FUNDRAISING AND DONOR RELATION ACTIVITIES. THE TERMS OF THE SUBSIDY PROGRAM WERE APPROVED BY THE BOARD OF TRUSTEES COMPENSATION COMMITTEE. THE PRESIDENT RECEIVES A FULL SUBSIDY. ANY PERSONAL USE OF THE SOCIAL CLUB FACILITIES IS REPORTED AS TAXABLE COMPENSATION. PERSONAL SERVICES: THE UNIVERSITY PROVIDES THE SERVICES OF A DRIVER FOR BUSINESS TRANSPORTATION FOR THE PRESIDENT, TRUSTEES, VISITING DIGNITARIES AND OTHER SENIOR UNIVERSITY LEADERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,372,604
Program Service Revenue $504,698,237
Investment Income $219,895,344
Other Revenue $1,096,337
TOTAL REVENUE $840,062,522

Expense Breakdown

Grants Paid $186,791,238
Salaries & Benefits $311,520,614
Fundraising Expenses $21,357,146
Program Expenses $633,671,512
Other Expenses $232,810,985
TOTAL EXPENSES $731,172,334

Year-over-Year Comparison

2024 2023 Change
Revenue $840,062,522 $748,495,878 +0.1%
Expenses $731,172,334 $690,327,461 +0.1%
Net Income $108,890,188 $58,168,417 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
28
Independent Members
28
Employees
1964
Volunteers
1415

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
6
$3,585,337
Total Directors
28
$0
Key Employees
3
$2,431,315
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIN AGATONE CHIEF INVESTMENT OFF. 40.0
Key Emp
$1,369,597 $60,113 $1,429,710
JOSEPH J HELBLE PRESIDENT 40.0
Officer
$1,084,009 $61,845 $1,145,854
NATHANIEL N URBAN PROVOST 40.0
Officer
$732,579 $53,362 $785,941
MICHAEL D GOULD DIRECTOR INVEST. OFF. 40.0
Highest
$696,296 $56,517 $752,813
PAUL BROCKMAN PROFESSOR 40.0
Highest
$535,725 $52,468 $588,193
GEORGETTE C PHILLIPS DEAN,COLL. BUS. & ECON. 40.0
Highest
$536,997 $35,253 $572,250
FRANK A ROTH GENERAL COUNSEL, SECRETARY 40.0
Officer
$484,532 $52,554 $537,086
JOHN WELTY PROVOST, WEST REG. OFF. 40.0
Highest
$474,248 $43,929 $518,177
STEPHEN P DEWEERTH DEAN,P.C.ROSSIN COLL OF ENG 40.0
Key Emp
$456,104 $52,525 $508,629
ROBERT A FLOWERS DEAN,COLL. ARTS & SCI. 40.0
Key Emp
$375,224 $117,752 $492,976
KATHLEEN HANLEY PROFESSOR 40.0
Highest
$424,820 $50,862 $475,682
CHRISTINE COOK VP FINANCE & ADMINISTRATION 40.0
Officer
$428,276 $38,661 $466,937
DAVID L HAMMER ASSOCIATE VP & TREASURER 40.0
Officer
$236,532 $111,937 $348,469
MICHAEL J TODD VP FIN & ADMIN THRU 07/05 40.0
Officer
$272,113 $28,937 $301,050
JOHN D SIMON PROFESSOR/FORMER PRESIDENT 40.0
$160,519 $25,282 $185,801
VINCENT A FORLENZA CHAIRMAN, BOARD OF TRUSTEES 3.0
Director
$0 $0 $0
JORDAN HITCH VICE CHAIR, BOARD OF TRUSTEES 2.0
Director
$0 $0 $0
ANN LEWNES VICE CHAIR, BOARD OF TRUSTEES 2.0
Director
$0 $0 $0
FRANCESCA A BARTLETT TRUSTEE 1.0
Director
$0 $0 $0
JEFFREY BOSLAND TRUSTEE 1.0
Director
$0 $0 $0
PAUL A CAMUTI TRUSTEE 1.0
Director
$0 $0 $0
ERIC A CLEMENT TRUSTEE 1.0
Director
$0 $0 $0
FREDERICK R COLEMAN TRUSTEE 1.0
Director
$0 $0 $0
SANDRA L DENTON TRUSTEE 1.0
Director
$0 $0 $0
DINA DILORENZO TRUSTEE 1.0
Director
$0 $0 $0
ANDREW D FREED TRUSTEE 1.0
Director
$0 $0 $0
JAMES H GARRETT JR TRUSTEE 1.0
Director
$0 $0 $0
FAITH R GLAZIER TRUSTEE 1.0
Director
$0 $0 $0
TED HARRIS TRUSTEE 1.0
Director
$0 $0 $0
COREY L HARRISON TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER D HITE TRUSTEE 1.0
Director
$0 $0 $0
MARY T KUSH TRUSTEE 1.0
Director
$0 $0 $0
JAMES R MAIDA TRUSTEE 1.0
Director
$0 $0 $0
KENDALL B O'BRIEN TRUSTEE 1.0
Director
$0 $0 $0
MICHELE M SCARINGELLA TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER M SCOTT TRUSTEE 1.0
Director
$0 $0 $0
SARAT SETHI TRUSTEE 1.0
Director
$0 $0 $0
ERIKA J SMITH TRUSTEE 1.0
Director
$0 $0 $0
SANDRA L STELLING TRUSTEE 1.0
Director
$0 $0 $0
STEPHEN S TANG TRUSTEE 1.0
Director
$0 $0 $0
MARY BETH C TULLY TRUSTEE 1.0
Director
$0 $0 $0
TED WALSH TRUSTEE 1.0
Director
$0 $0 $0
MARK R YEAGER TRUSTEE 1.0
Director
$0 $0 $0
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 $840,062,522 $731,172,334 $3,464,195,116 $108,890,188
2024 $748,495,878 $690,327,461 $3,269,250,521 $58,168,417
2023 $695,392,244 $633,294,461 $3,127,359,714 $62,097,783
2022 $713,288,867 $590,518,652 $3,057,301,515 $122,770,215
2021 $589,798,748 $506,971,844 $3,151,567,912 $82,826,904
2020 $506,773,429 $524,370,908 $2,533,120,795 $-17,597,479
2019 $550,336,671 $521,654,535 $2,562,395,480 $28,682,136
2018 $549,754,309 $503,477,320 $2,419,878,836 $46,276,989
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