FRANKLIN UNIVERSITY

EIN: 310707369 501(c)(3)

Columbus, OH

Total Revenue
$111,960,173
Total Expenses
$99,072,517
Total Assets
$151,440,069
Net Assets
$127,131,978
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
OH
Principal Officer
Dr David Decker
Phone
6149476002
Tax Period
2024-08-01 to 2025-07-31

FRANKLIN UNIVERSITY, founded in 1964, is a major nonprofit that reported $112.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $99.1M left a modest 12% surplus.

Mission

Since 1902, Franklin University has been a pioneer in meeting the needs of adult students who have the ambition to continue their education in combination with other responsibilities, receiving its status as a tax exempt organization in 1964. As a learner-centered institution of higher education, the four cornerstones of the Franklin educational philosophy are (a) Ensuring academic quality (b) Providing equal access to educational opportunities (c) Adapting to the needs of students (d) Responding to changes in society, professions, and the business community. Franklin continuously seeks and appreciates strategic partner relationships that support our learning environment and experiences of our students. Investments from strategic partners may include contributions for student scholarships as well as contributions to enhance program offerings, facilities, and technology.

Program Service Accomplishments

Program 1
Expenses: $83,549,819 Revenue: $97,755,369

Franklin University served 14,678 unique students in the 2024-25 Academic Year, granting 125 Associate's degrees, 1,415 Bachelor's degrees, 899 Master's degrees, 70 Doctoral degrees, and 33 graduate...

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Franklin University served 14,678 unique students in the 2024-25 Academic Year, granting 125 Associate's degrees, 1,415 Bachelor's degrees, 899 Master's degrees, 70 Doctoral degrees, and 33 graduate certificates. Franklin has a total of 78 academic program offerings (42 undergraduate, 2 undergraduate certificates, and 23 graduate, 5 doctorate and 6 graduate certificates). Globally, Franklin offers its MBA and undergraduate programs to students through international partnerships.

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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 $1,031,611
Program Service Revenue $97,755,369
Investment Income $12,704,537
Other Revenue $468,656
TOTAL REVENUE $111,960,173

Expense Breakdown

Grants Paid $13,544,902
Salaries & Benefits $59,909,448
Fundraising Expenses $181,476
Program Expenses $83,549,819
Other Expenses $25,618,167
TOTAL EXPENSES $99,072,517

Year-over-Year Comparison

2024 2023 Change
Revenue $111,960,173 $94,699,869 +0.2%
Expenses $99,072,517 $89,156,450 +0.1%
Net Income $12,887,656 $5,543,419 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
1297
Volunteers
21

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
5
$1,404,576
Total Directors
21
$0
Key Employees
7
$2,778,862
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr David R Decker President 55
Officer
$956,585 $50,593 $1,007,178
Christi Farley-Cabungcal Chief of Staff & SVP Administration 40
Key Emp
$388,867 $49,933 $438,800
Dr Christopher Washington Provost and SVP-Academic Affairs 50
Key Emp
$381,590 $55,849 $437,439
Dr Godfrey Mendes SVP Global Programs & Strategic Initiatives 40
Key Emp
$375,861 $57,235 $433,096
Rick Sunderman SVP and Chief Information Officer 40
Key Emp
$347,222 $54,954 $402,176
Dr Marv Briskey Treasurer/SVP-Chief Financial Officer 40
Officer
$347,463 $49,935 $397,398
Dr Lynnette Rouzer VP-Student Affairs 40
Key Emp
$320,480 $43,300 $363,780
Bill Chan VP-Strategic Alliances 40
Key Emp
$319,617 $43,077 $362,694
Carl Brown VP-Campus Services 40
Key Emp
$290,666 $50,211 $340,877
Dr Patrick Bennett VP Operations, Franklin Learning Solutions 40
Highest
$258,111 $45,656 $303,767
Randolph Snyder VP-Financial Services 40
Highest
$252,647 $42,444 $295,091
Dr Wendell Seaborne Dean Doctoral Studies and Academic Research 40
Highest
$213,845 $31,032 $244,877
Dr Alyncia Bowen Dean, College of Business 40
Highest
$207,053 $30,921 $237,974
Dr Jonathan W McCombs Dean, College of Health 40
Highest
$205,038 $22,008 $227,046
David White Chair 2
Officer Director
$0 $0 $0
Stacey Armstrong Vice Chair 2
Officer Director
$0 $0 $0
Ralph Sanese Secretary 2
Officer Director
$0 $0 $0
Stan Partlow Trustee 2
Director
$0 $0 $0
Jamie Crane Trustee 2
Director
$0 $0 $0
Gary Flynn Trustee 2
Director
$0 $0 $0
Ted Ford Trustee 2
Director
$0 $0 $0
Anthony Gonsalves Trustee 2
Director
$0 $0 $0
Bruce Hagen Trustee 2
Director
$0 $0 $0
Gary James Trustee 2
Director
$0 $0 $0
Peter Roche Trustee 2
Director
$0 $0 $0
Matthew Toussant Trustee 2
Director
$0 $0 $0
Melissa Gutierrez Trustee 2
Director
$0 $0 $0
Thomas Shoupe Trustee 2
Director
$0 $0 $0
Jennifer Thomas Trustee 2
Director
$0 $0 $0
Pamela Springer Trustee 2
Director
$0 $0 $0
Bill Balderaz Trustee 2
Director
$0 $0 $0
Oyauma Garrison Trustee 2
Director
$0 $0 $0
Carrie Harris-Muller Trustee 2
Director
$0 $0 $0
Joseph Patrick Trustee 2
Director
$0 $0 $0
Denise Zabawski Trustee 2
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 $111,960,173 $99,072,517 $151,440,069 $12,887,656
2024 $94,699,869 $89,156,450 $143,856,355 $5,543,419
2023 $87,653,191 $88,484,231 $133,471,037 $-831,040
2022 $89,948,897 $88,006,200 $138,387,629 $1,942,697
2021 $78,032,450 $72,598,140 $146,345,145 $5,434,310
2020 $81,557,070 $86,309,364 $133,627,100 $-4,752,294
2020 $81,557,070 $86,309,364 $133,627,100 $-4,752,294
2019 $73,806,482 $77,835,291 $143,652,888 $-4,028,809
2018 $77,153,579 $73,110,163 $145,395,541 $4,043,416
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