ROBERT MORRIS UNIVERSITY

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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

1921

Legal Domicile

Principal Officer

MICHELLE PATRICK

Phone

4123975263

Tax Period

2024-06-01 to 2025-05-31

ROBERT MORRIS UNIVERSITY, founded in 1921, is a major nonprofit that reported $175.4M in total revenue in fiscal year 2024.

Mission

OUR MISSION AT ROBERT MORRIS UNIVERSITY IS TO BE THE GATEWAY TO ENGAGED, PRODUCTIVE, AND SUCCESSFUL CAREERS AND LIVES.

Program Service Accomplishments

Program 1

Expenses: $35,088,924 Revenue: $54,722,554

INSTRUCTION EXPENSES-DIRECT COSTS OF ALL ACTIVITIES THAT ARE PART OF THE UNIVERSITY'S INSTRUCTION PROGRAMS FROM ACADEMIC DEPARTMENTS.

Program 2

Expenses: $58,158,638 Revenue: $58,198,638

SCHOLARSHIPS AND FELLOWSHIPS

Program 3

Expenses: $25,689,049 Revenue: $31,649,661

STUDENT SERVICES-INCLUDE EXPENSES FOR THE OFFICES OF FINANCIAL AID, ENROLLMENT MANAGEMENT, REGISTRAR, ATHLETICS AND THOSE ACTIVITIES WHOSE PRIMARY PURPOSE IS TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL...

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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 $15,898,611

Program Service Revenue $153,623,145

Investment Income $4,828,894

Other Revenue $1,029,622

TOTAL REVENUE $175,380,272

Expense Breakdown

Grants Paid $58,198,638

Salaries & Benefits $64,430,597

Fundraising Expenses $3,265,956

Program Expenses $175,543,833

Other Expenses $59,267,980

TOTAL EXPENSES $181,897,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,380,272	$168,434,700	+0.0%
Expenses	$181,897,215	$177,582,189	+0.0%
Net Income	$-6,516,943	$-9,147,489	-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

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

1457

Volunteers

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

$1,410,987

Total Directors

Key Employees

$2,317,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE PATRICK	PRESIDENT	50.00	Officer	$588,486	$61,510	$649,996
ANDREW S TOOLE	HEAD BASKETBALL COACH (MEN)	40.00	Highest	$424,274	$46,912	$471,186
DERYA A JACOBS	SR VP CORP RELATIONS, STRATEGIC INITIATIVES	50.00	Key Emp	$300,434	$48,856	$349,290
RENEE T CAVALOVITCH	VP AND GENERAL COUNSEL	50.00	Officer	$291,698	$35,819	$327,517
JOSEPH ZIMMER	PROVOST & VP OF ACADEMIC AFFAIRS	50.00	Key Emp	$284,101	$35,503	$319,604
CHRISTOPHER KING	VP & DIRECTOR OF ATHLETICS	50.00	Key Emp	$260,777	$24,365	$285,142
KEITH ROEPER	VP, BUSINESS AFFAIRS & TREASURER	50.00	Officer	$238,187	$45,952	$284,139
JILL KURP	CHIEF ACADEMIC OUTREACH & IMPACT OFFICER	50.00	Key Emp	$248,960	$40,138	$289,098
PERRY F ROOFNER	CHIEF FACILITIES OFFICER	50.00	Key Emp	$229,920	$46,858	$276,778
DARIA CRAWLEY	DEAN, SCHOOL OF BUSINESS & STEM	50.00	Key Emp	$236,213	$39,909	$276,122
NADINE ENGLERT	DEAN, COLLEGE OF HEALTH AND HUMAN SCIENCES	50.00	Key Emp	$234,335	$29,639	$263,974
CARL ROSS	PROFESSOR OF NURSING	40.00	Highest	$217,058	$44,448	$261,506
LISA HERNANDEZ	VP, PEOPLE & CULTURE	50.00	Key Emp	$209,189	$48,733	$257,922
JACOB PENG	DIRECTOR, MBA PROGRAM & ACCTG PROFESSOR	40.00	Highest	$220,998	$44,407	$265,405
PRASAD VEMALA VENKATA	PROFESSOR OF MANAGEMENT	50.00	Highest	$222,257	$19,280	$241,537
LOIS BRYAN	PROFESSOR OF ACCOUNTING	40.00	Highest	$207,785	$24,889	$232,674
JOSEPH PICCIRILLI	CHIEF ACCTG OFFICER & CONTROLLER	50.00	Officer	$125,577	$23,758	$149,335
MORGAN O'BRIEN	CHAIR	5.00	Director	$0	$0	$0
MARK POPOVICH	CHAIR	5.00	Director	$0	$0	$0
CLARENCE DOZIER	VICE CHAIR	2.00	Director	$0	$0	$0
ERIC BOUGHNER	TRUSTEE	2.00	Director	$0	$0	$0
GARY CLAUS	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN COLBERT	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH CUNNINGHAM	TRUSTEE	2.00	Director	$0	$0	$0
GERALD DELON	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN KELLY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID MALONE	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN NICOLA	TRUSTEE	2.00	Director	$0	$0	$0
MARK ROOKS	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN SCHOTT	TRUSTEE	2.00	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	$175,380,272	$181,897,215	$247,112,473	$-6,516,943
2024	$168,434,700	$177,582,189	$257,286,537	$-9,147,489
2023	$155,704,363	$165,543,535	$267,811,303	$-9,839,172
2022	$167,626,695	$165,833,852	$269,723,396	$1,792,843
2021	$165,085,372	$164,470,280	$284,845,897	$615,092
2020	$177,880,391	$169,056,500	$277,505,216	$8,823,891
2019	$183,958,215	$176,083,523	$279,069,321	$7,874,692
2018	$181,533,419	$174,228,983	$275,366,727	$7,304,436