University of Dayton

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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

1850

Legal Domicile

Phone

9372292890

Tax Period

2023-07-01 to 2024-06-30

University of Dayton, founded in 1850, is a major nonprofit in the Education sector that reported $958.1M in total revenue in fiscal year 2023. Expenses of $906.8M left a modest 5% surplus.

Mission

THE UNIVERSITY OF DAYTON IS A TOP-TIER INDEPENDENT, CATHOLIC RESEARCH EDUCATIONAL INSTITUTION FOUNDED IN 1850. THE PRIMARY EXEMPT PURPOSE IS PROVIDING POST SECONDARY EDUCATION THROUGH UNDERGRADUATE, GRADUATE, DOCTORAL AND CONTINUING EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $558,049,401 Revenue: $807,757,248

THE UNIVERSITY SERVES OVER 11,000 FULL AND PART TIME STUDENTS THROUGH ITS DEGREED ACADEMIC PROGRAMS. WE ALSO CONDUCT CONTINUING EDUCATION, SPEAKER SERIES AND CULTURAL EVENTS FOR OUR STUDENTS, ALUMNI, OTHER LIFE-LONG LEARNERS AND THE PUBLIC. AN INTEGRAL PART OF OUR CATHOLIC AND MARIANIST IDENTITY IS SERVICE TO THE COMMUNITY. WE ENCOURAGE OUR STUDENTS, AS PART OF THEIR EDUCATIONAL EXPERIENCE, TO BECOME INVOLVED IN SERVICE LEARNING PROJECTS ON A LOCAL, STATE, NATIONAL AND INTERNATIONAL LEVEL. AS THE MAJORITY OF OUR UNDERGRADUATES RESIDE ON CAMPUS, WE PROVIDE LIVING, LEARNING AND WORKING EXPERIENCES BY OPERATING OUR DORMITORIES, FOOD SERVICES AND BOOKSTORE INTERNALLY FOR THE BENEFIT OF THE STUDENTS. INSTRUCTION STATISTICS FOR THIS FISCAL YEAR: 8,192 - UNDERGRADUATE STUDENTS; 3,186 - GRADUATE, LAW, DOCTORAL STUDENTS. DEGREES AWARDED THIS FISCAL YEAR: 1,941 - BACHELOR; 906 - MASTER; 169 - DOCTORATE; 116 - LAW.

Program 2

Expenses: $252,791,141 Revenue: $0

THE UNIVERSITY, AS PART OF ITS EDUCATIONAL MISSION, IS ALSO INVOLVED IN BASIC AND APPLIED RESEARCH. THIS ACTIVITY PROVIDES HANDS-ON LEARNING OPPORTUNITIES AND ON CAMPUS EMPLOYMENT FOR OUR STUDENTS...

THE UNIVERSITY, AS PART OF ITS EDUCATIONAL MISSION, IS ALSO INVOLVED IN BASIC AND APPLIED RESEARCH. THIS ACTIVITY PROVIDES HANDS-ON LEARNING OPPORTUNITIES AND ON CAMPUS EMPLOYMENT FOR OUR STUDENTS; SUPPORT FOR OUR FACULTY BY PROVIDING EQUIPMENT AND LABORATORIES FOR THEIR USE; AND A POSITIVE ECONOMIC IMPACT TO THE REGIONAL COMMUNITY THROUGH INCREASED EMPLOYMENT OPPORTUNITIES AND TRAINING. RESEARCH AREAS: US GOVERNMENT CONTRACTS - 95.63%, STATE AND LOCAL GOVERNMENT - .56%, BUSINESS AND INDUSTRY - 3.03%, PRIVATE FOUNDATIONS / UNIVERSITIES / NON-U.S. SPONSORS - .78%.

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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 (2023)

Revenue Breakdown

Contributions & Grants $48,595,106

Program Service Revenue $813,273,237

Investment Income $90,370,014

Other Revenue $5,891,020

TOTAL REVENUE $958,129,377

Expense Breakdown

Grants Paid $270,249,912

Salaries & Benefits $349,710,559

Fundraising Expenses $10,090,357

Program Expenses $810,840,542

Other Expenses $286,579,674

TOTAL EXPENSES $906,753,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$958,129,377	$887,642,083	+0.1%
Expenses	$906,753,193	$879,160,283	+0.0%
Net Income	$51,376,184	$8,481,800	+5.1%

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

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

8792

Volunteers

315

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

$6,065,657

Total Directors

$1,305,332

Key Employees

$2,378,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC F SPINA PHD	PRESIDENT OF THE UNIVERSITY/SECRETARY OF THE BOARD	40.0	Officer Director	$994,523	$310,809	$1,305,332
REV JAMES F FITZ SM	VP FOR MISSION AND RECTOR	40.0	Officer Director	$0	$0	$0
BRENTON AHRENS	DIRECTOR	5.0	Director	$0	$0	$0
BRO BERNARD J PLOEGER SM	DIRECTOR	5.0	Director	$0	$0	$0
BRO EDWARD VIOLETT SM	DIRECTOR	5.0	Director	$0	$0	$0
BRO FRANCISCO T GONZALEZ SM	DIRECTOR	5.0	Director	$0	$0	$0
BRO JESSE ONEILL SM	DIRECTOR	5.0	Director	$0	$0	$0
BRO TIMOTHY DRISCOLL SM	DIRECTOR	5.0	Director	$0	$0	$0
BRO WILLIAM J CAMPBELL SM	DIRECTOR	5.0	Director	$0	$0	$0
CARY J STIER	DIRECTOR	5.0	Director	$0	$0	$0
CATHERINE BABINGTON	DIRECTOR	5.0	Director	$0	$0	$0
D DARLENE MARLOWE	DIRECTOR	5.0	Director	$0	$0	$0
DEBORAH TOBIAS	DIRECTOR	5.0	Director	$0	$0	$0
DEBRA PLOUSHA MOORE	DIRECTOR	5.0	Director	$0	$0	$0
DENISE E PALMER	DIRECTOR	5.0	Director	$0	$0	$0
GEORGE P HANLEY	DIRECTOR	5.0	Director	$0	$0	$0
JENELL R ROSS	DIRECTOR	5.0	Director	$0	$0	$0
JENNIFER WEED	DIRECTOR	5.0	Director	$0	$0	$0
JOHN M FOY	DIRECTOR	5.0	Director	$0	$0	$0
JOHN R BERAN	DIRECTOR	5.0	Director	$0	$0	$0
JOSEPH L WEIDENBACH	DIRECTOR	5.0	Director	$0	$0	$0
KHRISTIAN SANTIAGO	DIRECTOR	5.0	Director	$0	$0	$0
LAWRENCE W WOERNER	DIRECTOR	5.0	Director	$0	$0	$0
LYRIC FIELDS	DIRECTOR	5.0	Director	$0	$0	$0
MARGARET A CAVANAUGH PHD	DIRECTOR	5.0	Director	$0	$0	$0
MICHAEL R HERR	DIRECTOR	5.0	Director	$0	$0	$0
MICHELLE MATHILE	DIRECTOR	5.0	Director	$0	$0	$0
NANCEE BERGER	DIRECTOR	5.0	Director	$0	$0	$0
RAYFORD BLAKENEY	DIRECTOR	5.0	Director	$0	$0	$0
REV OSCAR VASQUEZ SM	VICE CHAIRPERSON OF THE BOARD	5.0	Director	$0	$0	$0
RICHARD J OMLOR	CHAIRPERSON OF THE BOARD	5.0	Director	$0	$0	$0
SUSAN G GRIFFITH	DIRECTOR	5.0	Director	$0	$0	$0
TERRI L FREEMAN	DIRECTOR	5.0	Director	$0	$0	$0
THOMAS BARKER	DIRECTOR	5.0	Director	$0	$0	$0
THOMAS W ALBRECHT	DIRECTOR	5.0	Director	$0	$0	$0
WILLIAM L KLESSE JR	DIRECTOR	5.0	Director	$0	$0	$0
ANDREW T HORNER	EXE VP BUSINESS AND ADMINISTRATIVE SERVICES	40.0	Officer	$504,238	$104,457	$608,695
CHRISTOPHER J MORRISON	VICE PRESIDENT ADVANCEMENT	40.0	Officer	$382,025	$80,430	$462,455
DARLENE F WEAVER PHD	PROVOST & EXE VP OF ACADEMIC AFFAIRS	40.0	Officer	$225,694	$20,879	$246,573
GURVINDER S REKHI	VP & CIO	N/A	Officer	$166,120	$7,397	$173,517
JASON K REINOEHL PHD	VP STRATEGIC ENROLLMENT MGT	40.0	Officer	$320,623	$53,560	$374,183
MARY ANN P RECKER JD	VICE PRESIDENT AND GENERAL COUNSEL	40.0	Officer	$339,335	$37,472	$376,807
MOLLY C WILSON	VP MARKETING AND COMMUNICATIONS	40.0	Officer	$311,763	$71,283	$383,046
NEIL G SULLIVAN	VP AND DIRECTOR OF ATHLETICS	40.0	Officer	$419,419	$67,546	$486,965
RICHARD S KRYSIAK	VP FACILITIES MANAGEMENT AND PLANNING	40.0	Officer	$270,999	$24,035	$295,034
SUKHJINDER SIDHU	EXECUTIVE DIRECTOR RESEARCH INSTITUTE	40.0	Officer	$304,872	$83,887	$388,759
TIFFANY TAYLOR	VP DIVERSITY AND INCLUSION	40.0	Officer	$227,523	$70,310	$297,833
TROY W WASHINGTON	VP HUMAN RESOURCES	40.0	Officer	$287,893	$36,460	$324,353
WILLIAM M FISCHER JD	VP STUDENT DEVELOPMENT	40.0	Officer	$296,369	$45,736	$342,105
ALISON CARR-CHELLMAN PHD	DEAN SCHOOL OF EDUCATION	40.0	Key Emp	$290,630	$130,323	$420,953
ANDREW L STRAUSS JD	DEAN SCHOOL OF LAW	40.0	Key Emp	$342,008	$38,307	$380,315
CAROLYN PHELPS PHD	ASSOCIATE PROVOST FACULTY AND ADMINISTRATIVE AFFAIRS	40.0	Key Emp	$182,840	$63,490	$246,330
DANIELLE M POE	DEAN COLLEGE OF ARTS AND SCIENCES	40.0	Key Emp	$282,931	$62,175	$345,106
GUL S KREMER PHD	DEAN SCHOOL OF ENGINEERING	40.0	Key Emp	$350,527	$28,796	$379,323
KATHLEEN M WEBB	DEAN UNIVERSITY LIBRARIES	40.0	Key Emp	$209,122	$19,565	$228,687
TREVOR C COLLIER	DEAN SCHOOL OF BUSINESS	40.0	Key Emp	$322,683	$55,003	$377,686
ANTHONY D GRANT	HEAD COACH MEN'S BASKETBALL	40.0	Highest	$2,482,733	$51,658	$2,534,391
JOSEPH SALIBA	PROFESSOR	40.0	Highest	$268,361	$47,248	$315,609
MICHAEL F GORMAN	PROFESSOR	40.0	Highest	$270,339	$45,260	$315,599
RICARDO GREER	ASSISTANT MEN'S BASKETBALL COACH	40.0	Highest	$388,290	$37,526	$425,816
TAMIKA D JETER	HEAD COACH WOMEN'S BASKETBALL	40.0	Highest	$539,948	$43,514	$583,462
CORINNE G DAPRANO PHD	CURRENT FACULTY/FORMER KEY EMPLOYEE	40.0		$145,197	$39,485	$184,682
KEVIN R KELLY PHD	CURRENT FACULTY/FORMER KEY EMPLOYEE	40.0		$191,450	$35,360	$226,810
MARGARET F PINNELL	CURRENT FACULTY MEMBER/FORMER KEY EMPLOYEE	40.0		$189,291	$42,249	$231,540
PAUL H BENSON PHD	CURRENT EMPLOYEE/FORMER OFFICER	40.0		$268,364	$35,009	$303,373
THOMAS D SKILL PHD	CURRENT EMPLOYEE/FORMER KEY EMPLOYEE	40.0		$259,308	$58,273	$317,581

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	$958,129,377	$906,753,193	$2,154,896,182	$51,376,184
2023	$887,642,083	$879,160,283	$2,104,612,847	$8,481,800
2022	$911,432,367	$836,348,600	$2,024,377,510	$75,083,767
2021	$826,984,131	$763,108,188	$2,074,626,748	$63,875,943
2020	$747,930,230	$718,309,190	$1,782,604,426	$29,621,040
2019	$774,902,657	$743,966,284	$1,763,815,306	$30,936,373
2018	$744,939,324	$682,710,203	$1,741,014,706	$62,229,121