WILKES UNIVERSITY

EIN: 240795506 501(c)(3) Education

WILKES BARRE, PA

Total Revenue
$163,934,833
Total Expenses
$160,785,944
Total Assets
$252,088,643
Net Assets
$158,741,231
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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
PA
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 EMPOWER OUR STUDENTS WITH TRANSFORMATIVE EDUCATIONAL EXPERIENCES, CIVIC VALUES AND TRANSFERABLE SKILLS THROUGH MENTORING, INDIVIDUALIZED OPPORTUNITIES AND INNOVATIVE TEACHING AND SCHOLARSHIP IN AN INCLUSIVE ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $96,634,571 Revenue: $129,037,847

INSTRUCTION - INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUTION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON CREDIT COURSES, ACADEMIC, VOCATIONAL AND TECHNICAL...

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INSTRUCTION - INCLUDES ALL EXPENDITURES FOR ACTIVITIES THAT ARE PART OF THE INSTITUTION'S INSTRUCTIONAL PROGRAMS. THIS INCLUDES CREDIT AND NON CREDIT COURSES, ACADEMIC, VOCATIONAL AND TECHNICAL INSTRUCTION. THE UNIVERSITY OFFERS 50 UNDERGRADUATE MAJORS, 15 GRADUATE DEGREE PROGRAMS AND SEVERAL PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. ENROLLMENT INCLUDES 1,896 FULL-TIME UNDERGRADUATE STUDENTS FROM 31 STATES AND 19 FOREIGN COUNTRIES. CLASS SIZES ARE KEPT SMALL TO ENABLE GREATER ACCESS TO PROFESSORS AND MORE INDIVIDUALIZED ATTENTION IN THE CLASSROOM. UNDERGRADUATE FRESHMEN CLASS SIZES AVERAGE 19 STUDENTS WITH 14 STUDENTS FOR UPPER LEVEL CLASSES. (CONTINUED ON SCHEDULE O) WILKES IS DEDICATED TO BEING A LEADER IN HIGHER EDUCATION THROUGHOUT THE NORTHEASTERN UNITED STATES AND IS DEDICATED TO ACADEMIC EXCELLENCE THROUGH MENTORING. THIS ALSO INCLUDES EXPENDITURES FOR GENERAL, NEED BASED, AND ENDOWMENT SCHOLARSHIPS AND FELLOWSHIPS FROM RESTRICTED OR UNRESTRICTED CURRENT FUNDS IN THE FORM OF GRANTS TO STUDENTS. AT LEAST 90% OF STUDENTS RECEIVED SOME FORM OF FINANCIAL AID. GRANTS AWARDED INCLUDE SEOG SCHOLARSHIPS, WILKES NEED BASED GRANTS AND WILKES MERIT BASED SCHOLARSHIPS.

Program 2
Expenses: $31,566,355 Revenue: $15,088,221

STUDENT SERVICES - INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL...

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STUDENT SERVICES - INCLUDES FUNDS EXPENDED FOR ACTIVITIES WITH THE PRIMARY PURPOSE OF CONTRIBUTING TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. WILKES CLASSIFIES THE FOLLOWING OFFICES INTO THIS PROGRAM: OFFICES OF ENROLLMENT SERVICES (ADMISSIONS), REGISTRAR, FINANCIAL AID ADMINISTRATION, CAREER SERVICES, AND HEALTH AND WELLNESS SERVICES. IN ADDITION, EXPENDITURES FOR STUDENT ACTIVITIES, CULTURAL EVENTS, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS, FRESHMAN ORIENTATION, AND STUDENT CLUBS AND ORGANIZATIONS ARE CONSIDERED STUDENT SERVICES FOR FINANCIAL STATEMENT PURPOSES.

Program 3
Expenses: $13,574,648 Revenue: $0

ACADEMIC SUPPORT - INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE...

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ACADEMIC SUPPORT - INCLUDES FUNDS EXPENDED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION, RESEARCH, AND PUBLIC SERVICE. THE ACADEMIC ADMINISTRATION OF THE UNIVERSITY INCLUDING ACADEMIC DEANS BUT NOT DEPARTMENT CHAIRS THAT ARE CHARGED TO THEIR PRIMARY FUNCTION CATEGORY ARE FOUND IN THIS PROGRAM. ALL SALARIES, BENEFITS, AND OTHER EXPENSES FOR THE LIBRARY ARE ALSO CONSIDERED ACADEMIC SUPPORT.RESEARCH - INCLUDES ALL EXPENDITURES FOR ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED WITHIN THE UNIVERSITY. (CONTINUED ON SCHEDULE O) IN ADDITION TO THIS, THE EXPENSES OF SEVERAL RESEARCH GRANTS ARE RECORDED TO THE RESEARCH CLASSIFICATION.PUBLIC SERVICE - INCLUDES FUNDS EXPENDED FOR ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE UNIVERSITY. THE EXPENSES OF THE SMALL BUSINESS DEVELOPMENT CENTER, RADIO AND TELEVISION STUDIOS, SHINE PROGRAM, AND SEVERAL COMMUNITY LECTURE SERIES ARE AMONG THOSE POSTED TO THIS PROGRAM.

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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 $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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Governance

Voting Members
27
Independent Members
26
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
6
$808,035
Total Directors
27
$0
Key Employees
8
$1,966,779
Highest Compensated
5
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
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