HERZING UNIVERSITY LTD (EIN 271503981) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

RENEE HERZING

Phone

2622930081

Tax Period

2023-01-01 to 2023-12-31

HERZING UNIVERSITY LTD, founded in 2009, is a major nonprofit in the Education sector that reported $171.4M in total revenue in fiscal year 2023.

Mission

HERZING UNIVERSITY IS A REGIONALLY-ACCREDITED, PRIVATE CAREER UNIVERSITY THAT PROVIDES EDUCATIONAL PROGRAMS AT THE CERTIFICATE, UNDERGRADUATE, AND GRADUATE LEVELS FOR A DIVERSE STUDENT POPULATION IN TRADITIONAL, NON-TRADITIONAL AND ONLINE DELIVERY FORMATS. THE CORPORATE ADMINISTRATIVE OFFICE AND ONLINE OPERATIONS SUPPORT OFFICE ARE LOCATED IN MILWAUKEE, WI WITH A SECONDARY ONLINE OPERATIONS SUPPORT OFFICE IN CHICAGO, IL AND TEN CAMPUSES LOCATED THROUGHOUT THE UNITED STATES. THROUGH QUALITY TEACHING AND LEARNING, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLS NECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO THE PHILOSOPHY OF PUTTING STUDENTS AT THE CENTER OF THE UNIVERSITY MISSION, HERZING UNIVERSITY PREPARES GRADUATES FOR CAREERS IN TECHNOLOGY, BUSINESS, HEALTHCARE, AND PUBLIC SAFETY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,303,309

Program Service Revenue $168,378,928

Investment Income $-1,374,645

Other Revenue $62,917

TOTAL REVENUE $171,370,509

Expense Breakdown

Grants Paid $21,391,672

Salaries & Benefits $78,231,284

Fundraising Expenses $65,000

Program Expenses $154,040,994

Other Expenses $76,663,789

TOTAL EXPENSES $176,351,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,370,509	$165,206,949	+0.0%
Expenses	$176,351,745	$167,402,613	+0.1%
Net Income	$-4,981,236	$-2,195,664	+1.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

1782

Volunteers

N/A

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

$1,721,713

Total Directors

$135,500

Key Employees

$965,766

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HILL	TRUSTEE	1.00	Director	$21,000	$0	$21,000
MARK AMBROSIUS	TRUSTEE	1.00	Director	$19,000	$0	$19,000
JOSEPH FROEHLICH	TRUSTEE/CHAIRPERSON	1.00	Officer Director	$14,000	$0	$14,000
ERIN HARENG	TRUSTEE	1.00	Director	$11,000	$0	$11,000
MARGARET LEE	TRUSTEE	1.00	Director	$11,000	$0	$11,000
JOHN LOPEZ	TRUSTEE	1.00	Director	$11,000	$0	$11,000
WENDY BAUMANN	TRUSTEE/SECRETARY	1.00	Officer Director	$10,000	$0	$10,000
CYNTHIA CLEVELAND	TRUSTEE	1.00	Director	$10,000	$0	$10,000
HENRY HERZING	TRUSTEE	1.00	Director	$10,000	$0	$10,000
CHRISTINE PHARR	TRUSTEE	1.00	Director	$10,000	$0	$10,000
PATRICIA TODUS	TRUSTEE/VICE CHAIRPERSON	1.00	Officer Director	$8,500	$0	$8,500
RENEE HERZING	PRESIDENT/CEO	40.00	Officer	$598,241	$49,199	$647,440
ERIK PARKS	CFO/TREASURER	40.00	Officer	$455,606	$25,739	$481,345
KATHERINE KAUTZER	PROVOST/CAO	40.00	Officer	$378,487	$46,254	$424,741
KATHERINE HAUSER	CONTROLLER/CORPORATE SECRETARY	40.00	Officer	$120,476	$15,211	$135,687
NIGEL LONGWORTH	COO/CIO	40.00	Key Emp	$465,820	$49,171	$514,991
JAMES GILLESPIE	CMO	40.00	Key Emp	$402,746	$48,029	$450,775
JASON MORGAN	SVP, OPS GROUND CAMPUSES UNTIL 12/23	40.00	Highest	$301,512	$22,753	$324,265
JEFF CROSS	SVP OF ONLINE OPERATIONS	40.00	Highest	$269,247	$33,526	$302,773
SHANNON GRASS	SVP, HUMAN RESOURCES UNTIL 12/23	40.00	Highest	$222,267	$30,923	$253,190
JEFFREY HILL	REGIONAL CAMPUS PRESIDENT	40.00	Highest	$222,125	$31,716	$253,841
MLADEN GRGIC	VP, IT	40.00	Highest	$206,512	$29,085	$235,597

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
2024	No data	No data	No data	No data
2023	$171,370,509	$176,351,745	$166,149,884	$-4,981,236
2022	$165,206,949	$167,402,613	$162,704,750	$-2,195,664
2021	$172,534,723	$166,121,007	$145,438,947	$6,413,716
2020	$150,364,150	$132,070,388	$131,421,103	$18,293,762
2019	$135,915,250	$123,626,441	$115,556,008	$12,288,809
2018	$122,080,854	$118,002,882	$104,279,118	$4,077,972

HERZING UNIVERSITY LTD