GANNON UNIVERSITY

EIN: 250496976 501(c)(3) Education

Erie, PA

Total Revenue
$165,989,696
Total Expenses
$160,562,591
Total Assets
$317,003,426
Net Assets
$204,738,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
PA
Principal Officer
Walter Iwanenko
Phone
8148717000
Tax Period
2022-07-01 to 2023-06-30

GANNON UNIVERSITY, founded in 1925, is a major nonprofit in the Education sector that reported $166.0M in total revenue in fiscal year 2022. Expenses of $160.6M left a modest 3% surplus.

Mission

Gannon University is an institution of post-secondary education with campuses in Erie, PA and Ruskin, FL, offering over 100 academic programs, including online and traditional Associate, Bachelor's, Master's, and Doctoral degrees to a Fall 2022 student enrollment of 4,665.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,944,816
Program Service Revenue $146,633,764
Investment Income $5,224,078
Other Revenue $2,187,038
TOTAL REVENUE $165,989,696

Expense Breakdown

Grants Paid $54,599,311
Salaries & Benefits $67,802,838
Fundraising Expenses $1,501,040
Program Expenses $136,947,486
Other Expenses $38,139,767
TOTAL EXPENSES $160,562,591

Year-over-Year Comparison

2022 2021 Change
Revenue $165,989,696 $166,429,638 0.0%
Expenses $160,562,591 $158,647,397 +0.0%
Net Income $5,427,105 $7,782,241 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
32
Employees
2242
Volunteers
145

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
10
$1,933,237
Total Directors
34
$654,890
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Taylor President 40
Officer Director
$506,690 $51,733 $558,423
Walter Iwanenko Provost 40
Officer
$231,689 $64,961 $296,650
William Edmondson VP Enrollment 40
Officer
$204,746 $39,800 $244,546
Barbara Beuscher VP University Advancement 40
Officer
$196,183 $44,420 $240,603
Mark Jordano Chief Information Officer 40
Officer
$161,940 $49,784 $211,724
Karinna Vernaza Dean-College of Eng and Business 40
Highest
$172,004 $37,905 $209,909
Richard Johnson Professor, DR of Physical Therapy 40
Highest
$195,591 $11,909 $207,500
Sarah Ewing Dean-College of Health Sciences and Sciences 40
Highest
$169,824 $31,817 $201,641
Jennifer Lundy VP for Finance & Campus Operations 40
Officer
$180,231 $17,808 $198,039
Kristine Legters Associate Dean, School of Rehabilitative Services 40
Highest
$155,228 $37,905 $193,133
Valerie Bacik Chief Institutional Planning 40
Officer
$155,575 $27,677 $183,252
Douglas Oathout Chief of Staff & Director of Marketing and Communications 40
Highest
$149,398 $32,031 $181,429
Andrew Caswell Board Member/President Faculty Senate 40
Director
$82,768 $13,699 $96,467
Steve Mauro VP Academic Administration to 5/6/2022 40
$65,940 $10,946 $76,886
Robert P Barker Board Member 2
Director
$0 $0 $0
Candace D Battles Board Member 2
Director
$0 $0 $0
Richard E Beattie Board Member 2
Director
$0 $0 $0
Gerald Blanks Board Member 2
Director
$0 $0 $0
Walter W Cooper Board Member 2
Director
$0 $0 $0
Tina M Donikowski Board Member 2
Director
$0 $0 $0
Rebecca Erwin-Cohen Board Member/National Alumni Board President 2
Director
$0 $0 $0
Dana M Fallon Board Member 2
Director
$0 $0 $0
Very Rev Michael Ferrick Board Member 2
Director
$0 $0 $0
James Fiorenzo Board Member 2
Director
$0 $0 $0
Gwendolyn M Garbarino Secretary 2
Officer Director
$0 $0 $0
James Grunke Board Member 2
Director
$0 $0 $0
Timothy J Hilty Board Member 2
Director
$0 $0 $0
Rev Scott W Jabo Board Member 2
Director
$0 $0 $0
Stacy M Juchno Board Member 2
Director
$0 $0 $0
Scott M Krall Board Member 2
Director
$0 $0 $0
Msgr Edward M Lohse Board Member 2
Director
$0 $0 $0
Pierre McCormick Board Member 2
Director
$0 $0 $0
Mark J Minnaugh Vice Chairperson 2
Officer Director
$0 $0 $0
Elisabeth Monsalve Board Member 2
Director
$0 $0 $0
Richard G Orlando Board Member 2
Director
$0 $0 $0
Most Rev Lawrence T Persico Chairperson 2
Officer Director
$0 $0 $0
Joseph Pfeger Board Member/Student Government President 2
Director
$0 $0 $0
Kiran K Rajasenan Board Member 2
Director
$0 $0 $0
Rev Nicholas J Rouch Board Member 2
Director
$0 $0 $0
James J Rutkowski Board Member 2
Director
$0 $0 $0
Antoinette Spevetz Board Member 2
Director
$0 $0 $0
Monica Trott Board Member 2
Director
$0 $0 $0
Laura Vaccaro Board Member 2
Director
$0 $0 $0
Margaret A VanderLaan Board Member 2
Director
$0 $0 $0
Howard Ward Board Member 2
Director
$0 $0 $0
Mark Zagorski Board Member 2
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 No data No data No data No data
2024 No data No data No data No data
2023 $165,989,696 $160,562,591 $317,003,426 $5,427,105
2022 $166,429,638 $158,647,397 $314,341,628 $7,782,241
2021 $161,118,508 $148,819,018 $319,311,076 $12,299,490
2020 $153,206,818 $145,207,820 $276,609,681 $7,998,998
2019 $144,482,123 $136,312,929 $272,934,477 $8,169,194
2018 $135,037,671 $130,130,138 $263,669,903 $4,907,533
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