Marywood University

EIN: 240795453 501(c)(3) Education

Scranton, PA

Total Revenue
$113,872,616
Total Expenses
$111,696,224
Total Assets
$255,426,966
Net Assets
$151,941,329
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
PA
Phone
5703486211
Tax Period
2023-07-01 to 2024-06-30

Marywood University, founded in 1915, is a major nonprofit in the Education sector that reported $113.9M in total revenue in fiscal year 2023.

Mission

A CATHOLIC UNIVERSITY SPONSORED BY THE CONGREGATION OF THE SISTERS SERVANTS OF THE IMMACULATE HEART OF MARY, MARYWOOD UNIVERSITY ROOTS ITSELF IN THE PRINCIPLE OF JESUS AND A BELIEF THAT EDUCATION EMPOWERS PEOPLE. ENACTING ITS IDEALS, MARYWOOD OFFERS STUDENTS A WELCOMING AND SUPPORTIVE COMMUNITY THAT ENCOURAGES MEN AND WOMEN OF ALL BACKGROUNDS TO SHAPE THEIR LIVES AS LEADERS IN SERVICE TO OTHERS. PROUD OF ITS LIBERAL ARTS TRADITION AND HOST OF PROFESSIONAL DISCIPLINES, MARYWOOD CHALLENGES STUDENTS TO BROADEN THEIR UNDERSTANDING OF GLOBAL ISSUES AND TO MAKE DECISIONS BASED ON SPIRITUAL, ETHICAL, AND RELIGIOUS VALUES. MARYWOOD CALLS UPON STUDENTS TO SEEK THEIR FULL POTENTIAL AND INVITES ALL TO ENGAGE IN A LIFELONG PROCESS OF LEARNING. WITNESSING THE EFFICACY OF TEACHING AND SCHOLARSHIP, MARYWOOD EDUCATES STUDENTS TO LIVE RESPONSIBLY IN A DIVERSE AND INTERDEPENDENT WORLD.

Program Service Accomplishments

Program 1
Expenses: $78,529,257 Revenue: $90,698,064

INSTRUCTION AND SCHOLARSHIPS: MARYWOOD PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,407 FULL-TIME AND 486 PART-TIME STUDENTS. CONSIDERED A 'LIBERAL ARTS' UNIVERSITY, MARYWOOD HAS TWO...

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INSTRUCTION AND SCHOLARSHIPS: MARYWOOD PROVIDED UNDERGRADUATE AND GRADUATE INSTRUCTION TO 2,407 FULL-TIME AND 486 PART-TIME STUDENTS. CONSIDERED A 'LIBERAL ARTS' UNIVERSITY, MARYWOOD HAS TWO DEGREE-GRANTING COLLEGES, AND OFFERS UNDERGRADUATE DEGREES IN 61 ACADEMIC PROGRAMS WHICH INCLUDE Arts, Communication, literature, Language, Music, Theater, Dance, Health Sciences, Philosophy and Religious Studies, Psychology, Architecture, Business, Education, Social Work, Science, Math, Computer Sciences, and Social Sciences. MARYWOOD IS FULLY ACCREDITED BY THE MIDDLE STATES COMMISSION ON HIGHER EDUCATION. MARYWOOD OFFERS 32 GRADUATE PROGRAMS INCLUDE Art, Counseling, Psychology, Social Work, Business, Education, Architecture, Health Sciences, Computer science, Social science, and Language

Program 2
Expenses: $9,769,319 Revenue: $6,542,914

AUXILIARY SERVICES: MARYWOOD PROVIDED DORMITORY SERVICES TO 804 RESIDENT STUDENTS AND FOOD SERVICES TO RESIDENT STUDENTS, COMMUTER STUDENTS, AND CAMPUS STAFF. MARYWOOD OFFERED FOUR ON-CAMPUS HOUSING...

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AUXILIARY SERVICES: MARYWOOD PROVIDED DORMITORY SERVICES TO 804 RESIDENT STUDENTS AND FOOD SERVICES TO RESIDENT STUDENTS, COMMUTER STUDENTS, AND CAMPUS STAFF. MARYWOOD OFFERED FOUR ON-CAMPUS HOUSING OPTIONS AND FOUR DINING VENUES.

Program 3
Expenses: $7,709,191 Revenue: $0

RESEARCH AND ACADEMIC SUPPORT: MARYWOOD PROVIDED SERVICES TO SUPPORT THE INSTRUCTIONAL AREAS NOTED ABOVE. THIS INCLUDES LIBRARY, COMPUTER SERVICES, ATHLETICS, HEALTH & FITNESS, TECHNOLOGY, AND ART...

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RESEARCH AND ACADEMIC SUPPORT: MARYWOOD PROVIDED SERVICES TO SUPPORT THE INSTRUCTIONAL AREAS NOTED ABOVE. THIS INCLUDES LIBRARY, COMPUTER SERVICES, ATHLETICS, HEALTH & FITNESS, TECHNOLOGY, AND ART GALLERIES. FACULTY AND STAFF ARE ENCOURAGED TO SECURE FUNDING FOR VARIOUS RESEARCH PROJECTS FROM FEDERAL, STATE, AND LOCAL SOURCES, AS WELL AS PRIVATE FUNDING AGENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,281,955
Program Service Revenue $97,047,952
Investment Income $3,043,550
Other Revenue $499,159
TOTAL REVENUE $113,872,616

Expense Breakdown

Grants Paid $39,244,549
Salaries & Benefits $35,721,654
Fundraising Expenses $1,103,033
Program Expenses $96,007,767
Other Expenses $36,634,021
TOTAL EXPENSES $111,696,224

Year-over-Year Comparison

2023 2022 Change
Revenue $113,872,616 $116,155,084 0.0%
Expenses $111,696,224 $110,990,290 +0.0%
Net Income $2,176,392 $5,164,794 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
22
Employees
1330
Volunteers
379

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
13
$1,302,011
Total Directors
23
$33,280
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Gavin Treasurer 1.0
Officer Director
$0 $0 $0
Michael Bugno Vice Chair 1.0
Officer Director
$0 $0 $0
Sr Kathleen Lunsmann IHM Chair 1.0
Officer Director
$0 $0 $0
Sr Mary Persico IHM Ed D President 40.0
Officer Director
$23,750 $9,530 $33,280
Susan Cognetti Secretary 1.0
Officer Director
$0 $0 $0
Alejandra Marroquin Trustee 1.0
Director
$0 $0 $0
Daniel Santaniello Trustee 1.0
Director
$0 $0 $0
Flora Keating Karam Trustee 1.0
Director
$0 $0 $0
Frank Kelleher Trustee 1.0
Director
$0 $0 $0
John Lawless Trustee 1.0
Director
$0 $0 $0
Lisa Lori Trustee 1.0
Director
$0 $0 $0
Lorraine Breen Trustee 1.0
Director
$0 $0 $0
Maria Gogal Trustee 1.0
Director
$0 $0 $0
Mary Lawler Murphy Fox PhD Trustee 1.0
Director
$0 $0 $0
Paula Shields Trustee 1.0
Director
$0 $0 $0
Pia Ferrario Trustee 1.0
Director
$0 $0 $0
Rev John Lapera Trustee 1.0
Director
$0 $0 $0
Robert Tamburro Trustee 1.0
Director
$0 $0 $0
Sr Andrea Lee IHM PhD Trustee 1.0
Director
$0 $0 $0
Sr Kathryn Clauss IHM Trustee 1.0
Director
$0 $0 $0
Sr Mary Ann Cody IHM Trustee 1.0
Director
$0 $0 $0
Sr Mary Elaine Anderson IHM Trustee 1.0
Director
$0 $0 $0
William Lynett Trustee 1.0
Director
$0 $0 $0
Christina Clark Provost 40.0
Officer
$193,162 $35,050 $228,212
Jeffrey Kegolis Vice President for the Student Experience 40.0
Officer
$61,278 $9,403 $70,681
Mary Theresa Paterson Secretary of the Univ & General Counsel 40.0
Officer
$92,198 $26,258 $118,456
Renee Zehel Vice President for University Advancement 40.0
Officer
$137,765 $31,810 $169,575
Robert Piurowski Vice President, Enrollment Mgmt/Student Svcs 40.0
Officer
$149,150 $23,875 $173,025
Sr Catherine Luxner Vice President for Mission Services 40.0
Officer
$0 $323 $323
Wendy Yankelitis Vice President of Operations 40.0
Officer
$155,056 $23,115 $178,171
William McDonald Vice President of Finance & Administration 40.0
Officer
$279,436 $50,852 $330,288
Alice McDonnell Professor 40.0
Highest
$192,353 $7,335 $199,688
Craig Johnson Professor 40.0
Highest
$173,663 $11,519 $185,182
Dr Christopher Speicher Associate Professor 40.0
Highest
$186,897 $9,421 $196,318
Frances Zauhar Associate Professor 40.0
Highest
$176,263 $11,635 $187,898
Susan Turell Professor 40.0
Highest
$255,285 $13,096 $268,381
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 $113,872,616 $111,696,224 $255,426,966 $2,176,392
2023 $116,155,084 $110,990,290 $234,414,612 $5,164,794
2022 $109,929,749 $108,069,252 $227,731,052 $1,860,497
2021 $100,984,557 $97,323,182 $244,412,152 $3,661,375
2020 $100,662,985 $96,859,841 $228,365,138 $3,803,144
2019 $104,066,336 $97,884,803 $215,739,932 $6,181,533
2018 $99,198,379 $96,719,923 $206,536,031 $2,478,456
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