Mount Vernon, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Mount Vernon Nazarene University, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $69.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.
Mount Vernon Nazarene University is an accredited four-year liberal arts University that confers two- and four-year degrees and graduate degrees in a variety of academic disciplines. In addition, it provides logistical support for the educational and theological efforts of the Church of the Nazarene and other like-minded religious and educational organizations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $69,234,477 | $60,940,732 | +0.1% |
| Expenses | $71,980,344 | $65,171,011 | +0.1% |
| Net Income | $-2,745,867 | $-4,230,279 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EDWARD J PHILLIPS | CHAIRPERSON, BOARD OF TRUSTEES | 3.0 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY J HAMMOND | SECRETARY, BOARD OF TRUSTEES | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT J MAHAFFEY | VICE-CHAIR, BOARD OF TRUSTEES | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ADAM M CARR | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| ANDREW J MONNIN | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| BRET M LAYTON | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| CATHY M MANSON | MEMBER, BOARD OF TRUSTEES (THRU 8-2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER M WEGHORST | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID B LUTZ | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| DOUGLAS S WYATT | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| DOUGLAS W BOQUIST | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| DWAYNE P MILLS | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| EDWARD L ESTEP | MEMBER, BOARD OF TRUSTEES (BEG 10-2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| J KEVIN DENNIS | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES D RADCLIFFE | MEMBER, BOARD OF TRUSTEES (THRU 1-2025) | 1.0 |
Director
|
$0 | $0 | $0 |
| KARI D TAYLOR | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| KATHY G GREENICH | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| KIMBERLY A STOCK | MEMBER, BOARD OF TRUSTEES (BEG 8-2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| LAURA E CROUCH | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| MARK MADDUX | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| PAIGE M GRAVES | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| PHILLIP E GRATE | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| ROBERT S MAHAFFEY | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| RUSSELL T BAILEY | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| SAMUEL S BARBER | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| TERRY R BLOSSER | MEMBER, BOARD OF TRUSTEES (BEG 8-2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| THOMAS G MESSENGER | MEMBER, BOARD OF TRUSTEES (THRU 8-2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| WENDELL D BROWN | MEMBER, BOARD OF TRUSTEES | 1.0 |
Director
|
$0 | $0 | $0 |
| AMY KOVACH | VP FOR ACADEMIC AFFAIRS, CAO (THRU 1-2025) | 40.0 |
Officer
|
$125,769 | $22,196 | $147,965 |
| CARSON CASTLEMAN | PRESIDENT, CEO | 40.0 |
Officer
|
$293,309 | $34,890 | $328,199 |
| COLLEEN DERR | VP FOR ACADEMIC AFFAIRS, CAO (BEG 2-2025) | 40.0 |
Officer
|
$0 | $0 | $0 |
| DAVID WILSON | INTERIM TRANSITIONAL LEADER (THRU 9-2024) | 40.0 |
Officer
|
$0 | $0 | $0 |
| SCOTT L CAMPBELL | VP FOR FINANCE, CFO (THRU 1-2025) | 40.0 |
Officer
|
$138,058 | $25,713 | $163,771 |
| Steve Storck | Interim CFO | 40.0 |
Officer
|
$36,000 | $0 | $36,000 |
| ERIC STETLER III | VP of Academic Affairs | 40.0 |
Highest
|
$129,085 | $34,041 | $163,126 |
| JOHNNA VANOVER | VP of University Marketing & CAPS Enrollment | 40.0 |
Highest
|
$114,007 | $14,868 | $128,875 |
| JOSE OOMMEN KOCKALUMMOOTTIL | Professor of Electrical & Computer Engineering | 40.0 |
Highest
|
$100,116 | $28,929 | $129,045 |
| KEVIN CHANEY | Director of Academic and Curriculum Services | 40.0 |
Highest
|
$103,121 | $1,862 | $104,983 |
| STEPHEN SPRAKER | VP for Student Life | 40.0 |
Highest
|
$100,880 | $27,327 | $128,207 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $69,234,477 | $71,980,344 | $98,370,027 | $-2,745,867 |
| 2024 | No data | No data | No data | No data |
| 2023 | $65,850,690 | $64,990,645 | $104,873,942 | $860,045 |
| 2022 | $63,465,382 | $64,716,074 | $102,841,076 | $-1,250,692 |
| 2021 | $70,192,718 | $61,289,266 | $109,148,001 | $8,903,452 |
| 2020 | $60,602,306 | $59,542,938 | $101,311,381 | $1,059,368 |
| 2019 | $57,452,734 | $56,021,425 | $96,959,177 | $1,431,309 |
| 2018 | $57,023,867 | $55,849,314 | $97,976,778 | $1,174,553 |
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