HARRISBURG UNIVERSITY OF SCIENCE AND TECHNOLOGY (EIN 251900793) - 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

2001

Legal Domicile

Principal Officer

DAVID SCHANKWEILER

Phone

7179015100

Tax Period

2024-07-01 to 2025-06-30

HARRISBURG UNIVERSITY OF SCIENCE AND TECHNOLOGY, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $80.1M in total revenue in fiscal year 2024.

Mission

THE HARRISBURG UNIVERSITY OF SCIENCE AND TECHNOLOGY OFFERS INNOVATIVE ACADEMIC AND RESEARCH PROGRAMS IN SCIENCE AND TECHNOLOGY THAT RESPOND TO LOCAL AND GLOBAL NEEDS. THE INSTITUTION FOSTERS A DIVERSE COMMUNITY OF LEARNERS, PROVIDES ACCESS AND SUPPORT TO STUDENTS WHO WANT TO PURSUE A CAREER IN SCIENCE AND TECHNOLOGY, AND SUPPORTS BUSINESS CREATION AND ECONOMIC DEVELOPMENT.

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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 $10,049,391

Program Service Revenue $67,538,413

Investment Income $678,735

Other Revenue $1,882,261

TOTAL REVENUE $80,148,800

Expense Breakdown

Grants Paid $7,038,551

Salaries & Benefits $33,396,940

Fundraising Expenses $1,352,637

Program Expenses $60,674,935

Other Expenses $40,340,920

TOTAL EXPENSES $80,776,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,148,800	$78,734,415	+0.0%
Expenses	$80,776,411	$88,712,168	-0.1%
Net Income	$-627,611	$-9,977,753	-0.9%

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

744

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

$461,642

Total Directors

Key Employees

$455,748

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNETT CHOTINER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FIASCHETTI	TRUSTEE	1.00	Director	$0	$0	$0
CARMEN FINESTRA	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY JONES	TRUSTEE	1.00	Director	$0	$0	$0
CHANDRA LALVANI	TRUSTEE	1.00	Director	$0	$0	$0
DR LORINA MARSHALL-BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ORTENZIO	TRUSTEE	1.00	Director	$0	$0	$0
ANSON FLAKE	TRUSTEE	1.00	Director	$0	$0	$0
JEANNINE PETERSON	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD SEITZ	TRUSTEE	1.00	Director	$0	$0	$0
MARK SINGEL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOU BAVERSO	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY WESTON	TRUSTEE	1.00	Director	$0	$0	$0
MAYUR PATEL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID GIBBONS	TRUSTEE	1.00	Director	$0	$0	$0
DUANE MAUN	CFO AND COO	40.00	Officer	$406,200	$55,442	$461,642
DAVID SCHANKWEILER	INTERIM PRESIDENT	40.00	Officer	$0	$0	$0
KEVIN PURCELL	PROVOST	40.00	Key Emp	$206,255	$8,033	$214,288
RYAN RILEY	VP OF ADVANCEMENT	40.00	Key Emp	$223,750	$17,710	$241,460
BILITA MATTES	STEM-UP EXECUTIVE DIRECTOR	40.00	Highest	$163,600	$13,163	$176,763
LARRY HOLMES JR	EXECUTIVE DIRECTOR CENTER	40.00	Highest	$310,000	$23,073	$333,073
KELLY POWELL LOGAN	VP FOR STRATEGIC WORKFORCE	40.00	Highest	$230,600	$18,299	$248,899
TONYA MILLER	ASSOCIATE PROFESSOR AND PROGRAM LEAD OF DPT	40.00	Highest	$203,130	$15,208	$218,338
JOHN CHAMPOLI	VP PRESIDENT OF ENROLLMENT	40.00	Highest	$262,500	$4,650	$267,150
JAY JAYAMOHAN	EXECUTIVE DIRECTOR OF NEW VENTURES AND LECTURER	1.00	Highest	$275,000	$21,979	$296,979
ERIC DARR	FORMER PRESIDENT	40.00		$608,112	$29,785	$637,897

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	$80,148,800	$80,776,411	$202,483,019	$-627,611
2024	$78,734,415	$88,712,168	$213,153,645	$-9,977,753
2023	$73,360,586	$82,000,586	$222,644,482	$-8,640,000
2022	$76,201,286	$77,666,720	$215,706,442	$-1,465,434
2021	$75,078,745	$71,870,773	$218,545,488	$3,207,972
2020	$79,179,002	$76,971,786	$110,439,388	$2,207,216
2019	$77,884,702	$68,343,145	$109,318,279	$9,541,557
2018	$67,817,061	$56,291,265	$97,927,364	$11,525,796
2018	$67,817,061	$56,291,265	$97,927,364	$11,525,796

HARRISBURG UNIVERSITY OF SCIENCE AND TECHNOLOGY