MERCYHURST UNIVERSITY

EIN: 250965430 501(c)(3) Education

Erie, PA

Total Revenue
$149,357,453
Total Expenses
$156,350,154
Total Assets
$154,258,981
Net Assets
$90,195,179
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
PA
Principal Officer
Michael Heller
Phone
8148242000
Tax Period
2024-06-01 to 2025-05-31

MERCYHURST UNIVERSITY, founded in 1926, is a major nonprofit in the Education sector that reported $149.4M in total revenue in fiscal year 2024.

Mission

Mercyhurst University is a fully accredited, four-year, Catholic comprehensive institution founded by the Sisters of Mercy in 1926. The Erie (Pa.) campus offers sixty-five (61) undergraduate majors with sixty-seven (67) minors, as well as unique adult programs and thirteen (13) graduate programs.

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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 $18,680,473
Program Service Revenue $126,734,863
Investment Income $3,510,038
Other Revenue $432,079
TOTAL REVENUE $149,357,453

Expense Breakdown

Grants Paid $59,784,179
Salaries & Benefits $37,678,042
Fundraising Expenses $760,904
Program Expenses $145,451,353
Other Expenses $58,887,933
TOTAL EXPENSES $156,350,154

Year-over-Year Comparison

2024 2023 Change
Revenue $149,357,453 $146,858,763 +0.0%
Expenses $156,350,154 $155,032,916 +0.0%
Net Income $-6,992,701 $-8,174,153 -0.1%
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
24
Independent Members
22
Employees
1635
Volunteers
250

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
$1,148,490
Total Directors
25
$436,115
Key Employees
1
$181,074
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Getz Kathleen A President and Board of Trustees 45
Officer Director
$402,472 $33,643 $436,115
Martin John J CVC HIDTA Executive Director 45
Highest
$227,316 $6,053 $233,369
Newhook Robin L Associate Professor of PA Program 45
Highest
$141,520 $66,779 $208,299
Heller Michael E Vice President of Finance 45
Officer
$178,216 $29,781 $207,997
Hartman Gary Deputy Director of HIDTA 45
Highest
$201,711 $0 $201,711
Joseph Michael Interim VP for Enrollment 45
Key Emp
$154,124 $26,950 $181,074
Ferry Steven J Central Valley HIDTA Program Manager 45
Highest
$170,510 $5,146 $175,656
Soltis Nicole Director of Student Financial Services 45
Highest
$86,557 $86,900 $173,457
Britt Jeanette VP for Technology and CIO 45
Officer
$152,207 $14,226 $166,433
Kelsey Jane M Assistant VP for Finance/Treasurer 45
Officer
$120,886 $13,682 $134,568
Baker Gregory J VP for Mission Integration/Secretary 45
Officer
$116,654 $6,723 $123,377
Frampton Lisa Assistant VP for Finance/Treasurer 45
Officer
$69,150 $10,850 $80,000
Breckenridge James G Board of Trustees 1
Director
$0 $0 $0
Cipriani Dario Board of Trustees 1
Director
$0 $0 $0
Courneen Sister JoAnne K Vice Chair of the Board & Interim Co-Chair of the Board of Trustees 1
Director
$0 $0 $0
Deeb Bassam Board of Trustees 1
Director
$0 $0 $0
Durkin Rosemary D Board of Trustees 1
Director
$0 $0 $0
English Philip Board of Trustees 1
Director
$0 $0 $0
Fiedler Stephen J Vice Chair of the Board of Trustees 1
Director
$0 $0 $0
Gibson Ryan Board of Trustees 1
Director
$0 $0 $0
Jeffress Andrea T Board of Trustees 1
Director
$0 $0 $0
Kern B Scott Vice Chair of the Board of Trustees 1
Director
$0 $0 $0
Kubiak Lev J Board of Trustees 1
Director
$0 $0 $0
Langer John H Board of Trustees 1
Director
$0 $0 $0
Martin-Stewart Jamie Board of Trustees 1
Director
$0 $0 $0
Maher Yvonne Board of Trustees 1
Director
$0 $0 $0
McAndrew Marc Board of Trustees 1
Director
$0 $0 $0
NeCastro Joseph G Chair of the Board of Trustees 1
Director
$0 $0 $0
Pietraszek Margaret M Board of Trustees 1
Director
$0 $0 $0
Reider Victoria Board of Trustees 1
Director
$0 $0 $0
Saxon John W Board of Trustees 1
Director
$0 $0 $0
Shabanza-Pero Nadia Board of Trustees 1
Director
$0 $0 $0
Spadofor Christine J Treasurer of the Board of Trustees 1
Director
$0 $0 $0
Spizarny Daniel Board of Trustees 1
Director
$0 $0 $0
Wenig Barbara P Secretary of the Board of Trustees 1
Director
$0 $0 $0
Weschler Patrick J Board of Trustees 1
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 $149,357,453 $156,350,154 $154,258,981 $-6,992,701
2024 $146,858,763 $155,032,916 $161,603,499 $-8,174,153
2023 $149,337,359 $151,539,948 $168,302,499 $-2,202,589
2022 $162,924,977 $157,564,444 $174,010,156 $5,360,533
2021 $158,652,157 $151,916,613 $174,865,954 $6,735,544
2020 $156,288,555 $156,810,507 $168,118,238 $-521,952
2019 $158,615,240 $153,852,696 $170,865,677 $4,762,544
2018 $150,222,776 $146,287,157 $172,278,805 $3,935,619
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