BALDWIN WALLACE UNIVERSITY (EIN 340714629) - 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

1842

Legal Domicile

Principal Officer

GREG FLANIK

Phone

4408268102

Tax Period

2023-07-01 to 2024-06-30

BALDWIN WALLACE UNIVERSITY, founded in 1842, is a major nonprofit in the Education sector that reported $162.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

BALDWIN WALLACE UNIVERSITY PROVIDES UNDERGRADUATE HIGHER EDUCATION LEADING TO (SEE SCHEDULE O) THE BACHELOR DEGREE, AND GRADUATE EDUCATION AT THE MASTERS LEVEL IN SIX FIELDS.

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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 $13,229,031

Program Service Revenue $121,581,111

Investment Income $22,964,999

Other Revenue $5,097,693

TOTAL REVENUE $162,872,834

Expense Breakdown

Grants Paid $57,345,880

Salaries & Benefits $73,391,426

Fundraising Expenses $4,271,398

Program Expenses $148,070,102

Other Expenses $40,138,070

TOTAL EXPENSES $170,875,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,872,834	$146,968,314	+0.1%
Expenses	$170,875,376	$163,225,470	+0.0%
Net Income	$-8,002,542	$-16,257,156	-0.5%

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

2606

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

$2,153,782

Total Directors

$669,468

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT C HELMER	PRESIDENT	50.00	Officer Director	$449,214	$63,945	$513,159
LEE THOMAS	CHAIR	5.00	Officer Director	$0	$0	$0
VINCENT K PETRELLA	VICE CHAIR	5.00	Officer Director	$0	$0	$0
GABRIELLE ARYEETEY	TRUSTEE	2.00	Director	$0	$0	$0
STANLEY BALL	TRUSTEE	2.00	Director	$0	$0	$0
DUANE BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN BIXLER	TRUSTEE	2.00	Director	$0	$0	$0
DONALD W BOGUS	TRUSTEE	2.00	Director	$0	$0	$0
PAUL H CARLETON	TRUSTEE	2.00	Director	$0	$0	$0
PAUL G CLARK	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA DUNN CONNOLLY	TRUSTEE	2.00	Director	$0	$0	$0
ROBIN C COTTINGHAM	TRUSTEE	2.00	Director	$0	$0	$0
TIM COWEN	TRUSTEE	2.00	Director	$0	$0	$0
RYAN R CROSS	TRUSTEE	2.00	Director	$0	$0	$0
JAMES MILLER DAVIDSON	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD DESICH	TRUSTEE	2.00	Director	$0	$0	$0
AGNES P DOVER	TRUSTEE	2.00	Director	$0	$0	$0
LUTUL D FARROW	TRUSTEE	2.00	Director	$0	$0	$0
BANNETT GAINES	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL C HAGEN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN W HOYT	TRUSTEE	2.00	Director	$0	$0	$0
DAVID JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN W KROPF	TRUSTEE	2.00	Director	$0	$0	$0
RON LEONHARDT	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA LYONS	TRUSTEE	2.00	Director	$0	$0	$0
NORA MAHONEY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID F MARTIN	TRUSTEE	2.00	Director	$0	$0	$0
WADE I MASSAD	TRUSTEE	2.00	Director	$0	$0	$0
JOE MATUSZEWSKI	TRUSTEE	2.00	Director	$0	$0	$0
JOHN MICKLITSCH	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD NAPOLEON JR	TRUSTEE	2.00	Director	$0	$0	$0
PETER V NEFFENGER	TRUSTEE	2.00	Director	$0	$0	$0
PETER REA	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES E ROTUNO	TRUSTEE	2.00	Director	$0	$0	$0
MALISSE SINITO	TRUSTEE	2.00	Director	$0	$0	$0
BROOKE SIRAK	TRUSTEE	2.00	Director	$0	$0	$0
KRIS SMEAGE	TRUSTEE	2.00	Director	$0	$0	$0
MARK H SUMMERS	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM B SUMMERS JR	TRUSTEE	2.00	Director	$0	$0	$0
JIM TRESSEL	TRUSTEE	2.00	Director	$0	$0	$0
FLOYD A TROUTEN	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN L ZANETTI	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER M ZITO	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM M RENIFF THRU AUG 2023	V.P. FOR FINANCE & TREASURER	50.00	Officer Director	$135,462	$20,847	$156,309
STEPHEN D STAHL	PROVOST (THRU 12/2023)	50.00	Officer	$203,368	$49,425	$252,793
THOMAS SUTTON	INTERIM PROVOST (AS OF 01/2024)	50.00	Officer	$124,855	$47,478	$172,333
TIMEKA RASHID	V.P FOR STUDENT AFFAIRS	50.00	Officer	$176,399	$38,902	$215,301
SCOTT SCHULZ	V.P. FOR ENROLLMENT MNGMT	50.00	Officer	$191,371	$61,758	$253,129
ELLEN ZEGARRA	V.P. FOR PHILANTHROPY	50.00	Officer	$207,873	$37,940	$245,813
GREGORY FLANIK	VP FOR OPERATIONS (AS OF 07/2023)	50.00	Officer	$170,577	$33,714	$204,291
GREGORY M CONGLE	CFO (AS OF 07/2023)	50.00	Officer	$132,202	$8,452	$140,654
MICHELLE MOSCARINO	SECRETARY	5.00	Officer	$0	$0	$0
JARED PENNINGTON	ASSOCIATE DEAN	45.00	Highest	$164,460	$49,074	$213,534
COLLEEN VISCONTI	PROFESSOR	45.00	Highest	$181,840	$23,633	$205,473
CHRISTIAN NASH	PROFESSOR	45.00	Highest	$164,965	$45,282	$210,247
LORI RADULOVICH	PROFESSOR	45.00	Highest	$180,784	$17,808	$198,592
VEN OCHAYA	PROFESSOR	45.00	Highest	$176,186	$6,660	$182,846

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	$162,872,834	$170,875,376	$354,112,679	$-8,002,542
2023	$146,968,314	$163,225,470	$365,225,940	$-16,257,156
2022	$145,989,109	$156,931,453	$365,601,869	$-10,942,344
2021	$147,818,571	$145,957,820	$399,770,084	$1,860,751
2020	$151,897,544	$149,271,723	$362,531,301	$2,625,821
2019	$142,460,096	$145,875,678	$364,193,127	$-3,415,582
2018	$159,728,363	$140,450,874	$358,237,945	$19,277,489

BALDWIN WALLACE UNIVERSITY