WILKES UNIVERSITY (EIN 240795506) - Form 990 Financial Analysis & Trantor Score

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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

1933

Legal Domicile

Principal Officer

GREG CANT PRESIDENT

Phone

5704084500

Tax Period

2024-06-01 to 2025-05-31

WILKES UNIVERSITY, founded in 1933, is a major nonprofit in the Education sector that reported $163.9M in total revenue in fiscal year 2024.

Mission

TO EDUCATE THROUGH A COMMITMENT TO ATTENTION, EXCEPTIONAL TEACHING, AND ACADEMIC EXCELLENCE.

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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 $14,066,078

Program Service Revenue $144,126,068

Investment Income $5,673,601

Other Revenue $69,086

TOTAL REVENUE $163,934,833

Expense Breakdown

Grants Paid $47,207,712

Salaries & Benefits $64,655,915

Fundraising Expenses $1,980,791

Program Expenses $141,775,574

Other Expenses $48,724,555

TOTAL EXPENSES $160,785,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,934,833	$151,867,816	+0.1%
Expenses	$160,785,944	$152,371,657	+0.1%
Net Income	$3,148,889	$-503,841	-7.2%

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

1823

Volunteers

114

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

$808,035

Total Directors

Key Employees

$1,966,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MILLER	CHAIR	10.00	Officer Director	$0	$0	$0
CHARLES COHEN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN KERR	SECRETARY	3.00	Officer Director	$0	$0	$0
RAYMOND DOMBROSKI	TREASURER/ASSISTANT SECRETARY	3.00	Officer Director	$0	$0	$0
CAROLANN BESLER	TRUSTEE	2.00	Director	$0	$0	$0
DAN CARDELL	TRUSTEE	2.00	Director	$0	$0	$0
LAURA CARDINALE	TRUSTEE	3.00	Director	$0	$0	$0
CYNTHIA CHARNETSKI	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD CIARMIBOLI	TRUSTEE	3.00	Director	$0	$0	$0
JEFF DAVIDOWITZ	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN MAIER DAVIS	TRUSTEE	3.00	Director	$0	$0	$0
WILLIAM EGGLESTON	TRUSTEE	3.00	Director	$0	$0	$0
RANDA FAHMY	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY FANUCCI	TRUSTEE	2.00	Director	$0	$0	$0
JASON GRIGGS	TRUSTEE	2.00	Director	$0	$0	$0
ELLEN HALL	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM HANBURY	TRUSTEE	3.00	Director	$0	$0	$0
FREDERICK HERRMANN	TRUSTEE	3.00	Director	$0	$0	$0
GERARD MCHALE	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER MCRAY	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL NOONE	TRUSTEE	2.00	Director	$0	$0	$0
ALI QURESHI	TRUSTEE	3.00	Director	$0	$0	$0
THOMAS RALSTON	TRUSTEE	2.00	Director	$0	$0	$0
KAYLA ROONEY	TRUSTEE	2.00	Director	$0	$0	$0
JOANNE SCHOONOVER	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE WEINSTOCK	TRUSTEE	2.00	Director	$0	$0	$0
TARA MUGFORD WILSON	TRUSTEE	3.00	Director	$0	$0	$0
GREG CANT	PRESIDENT	75.00	Officer	$391,338	$112,750	$504,088
ELLEN GALLAGHER VICE PRESIDENT	OF FINANCE AND COO (EXIT 8/25)	60.00	Officer	$266,513	$37,434	$303,947
DAVID WARD SENIOR VICE	PRESIDENT / PROVOST	50.00	Key Emp	$265,384	$66,734	$332,118
MICHAEL WOOD VICE PRESIDENT	SPECIAL ASST TO THE PRESIDENT	50.00	Key Emp	$203,117	$32,745	$235,862
ABEL ADEKOLA DEAN OF COLLEGE	OF BUSINESS AND ENGINEERING	50.00	Key Emp	$210,177	$27,471	$237,648
PAUL RIGGS DEAN OF COLLEGE	OF ARTS AND SCIENCES	50.00	Key Emp	$179,735	$23,232	$202,967
DEBORAH ZBEGNER DEAN OF	COLLEGE OF HEALTH AND EDUCATION	50.00	Key Emp	$189,406	$15,391	$204,797
KEVIN BOYLE VICE PRESIDENT	OF ADVANCEMENT	50.00	Key Emp	$255,452	$51,557	$307,009
JONATHAN FERENCE DEAN OF	NESBITT SCHOOL OF PHARMACY	50.00	Key Emp	$219,366	$35,711	$255,077
JARED MENGHINI VICE PRESIDENT	OF ENROLLMENT AND MARKETING	50.00	Key Emp	$176,840	$14,461	$191,301
ELIZABETH LEO GENERAL COUNSEL	AND TITLE IX COORDINATOR	50.00	Highest	$165,866	$13,217	$179,083
MARK ALLEN ASSOCIATE VICE	PRESIDENT FOR STUDEN LIFE & SUCCESS	50.00	Highest	$161,580	$19,559	$181,139
JOSEPH HOUSENICK ASSOCIATE	VICE PRESIDENT/CHIEF OF HR	50.00	Highest	$159,975	$28,321	$188,296
JOHN MATLOCK ASSOCIATE VICE	PRESIDENT OF FINANCE (EXIT 10/24)	50.00	Highest	$158,816	$260	$159,076
WOOJUN LEE ASSOCIATE PROFESSOR	OF SPORTS MANAGEMENT	50.00	Highest	$154,141	$60,180	$214,321

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	$163,934,833	$160,785,944	$252,088,643	$3,148,889
2024	$151,867,816	$152,371,657	$250,953,210	$-503,841
2023	$150,786,707	$146,690,144	$248,146,592	$4,096,563
2022	$160,900,129	$153,585,983	$255,715,402	$7,314,146
2021	$146,082,857	$137,178,946	$257,594,047	$8,903,911
2020	$139,424,489	$142,466,122	$232,735,413	$-3,041,633
2019	$150,728,118	$146,506,000	$230,606,431	$4,222,118
2018	$151,572,972	$141,080,974	$227,558,147	$10,491,998

WILKES UNIVERSITY