LOURDES UNIVERSITY

EIN: 341226547 501(c)(3) Education

SYLVANIA, OH

Total Revenue
$36,951,085
Total Expenses
$42,468,081
Total Assets
$41,164,892
Net Assets
$22,298,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
OH
Principal Officer
WILLIAM BISSET
Phone
4198243730
Tax Period
2022-07-01 to 2023-06-30

LOURDES UNIVERSITY, founded in 1958, is a mid-sized nonprofit in the Education sector that reported $37.0M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $42.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

LOURDES UNIVERSITY, ROOTED IN CATHOLIC AND FRANCISCAN TRADITIONS, PROVIDES A VALUES-CENTERED EDUCATION THAT ENRICHES LIVES AND ADVANCES ACADEMIC EXCELLENCE THROUGH THE INTEGRATION OF THE LIBERAL ARTS AND PROFESSIONAL STUDIES.

Program Service Accomplishments

Program 1
Expenses: $14,643,592 Revenue: $27,112,904

HIGHER EDUCATION: 953 UNDERGRADUATE STUDENTS ENROLLED: BACHELOR'S DEGREES ARE OFFERED IN MAJORS INCLUDING ART, HISTORY, ENGLISH, MUSIC, PHILOSOPHY, BIOLOGY, THEOLOGICAL STUDIES, BUSINESS, NURSING...

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HIGHER EDUCATION: 953 UNDERGRADUATE STUDENTS ENROLLED: BACHELOR'S DEGREES ARE OFFERED IN MAJORS INCLUDING ART, HISTORY, ENGLISH, MUSIC, PHILOSOPHY, BIOLOGY, THEOLOGICAL STUDIES, BUSINESS, NURSING, SOCIOLOGY, SOCIAL WORK, AND LIBRARY STUDIES. 183 GRADUATE STUDENTS ENROLLED: MASTER'S AND/OR DOCTORAL DEGREES ARE OFFERED IN NURSING, NURSE ANESTHESIA, BUSINESS, THEOLOGICAL STUDIES, AND ORGANIZATIONAL LEADERSHIP.

Program 2
Expenses: $18,738,076

HIGHER EDUCATION: STUDENT SERVICES ARE OFFERED IN THE AREAS OF ADMISSIONS, FINANCIAL AID COUNSELING, CAMPUS MINISTRY, LEARNING RESOURCES, CAREER SERVICES, ATHLETICS, FINANCIAL ASSISTANCE, DISABILITY...

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HIGHER EDUCATION: STUDENT SERVICES ARE OFFERED IN THE AREAS OF ADMISSIONS, FINANCIAL AID COUNSELING, CAMPUS MINISTRY, LEARNING RESOURCES, CAREER SERVICES, ATHLETICS, FINANCIAL ASSISTANCE, DISABILITY SERVICES, PERSONAL COUNSELING, AND RESIDENTIAL LIFE.

Program 3
Expenses: $227,408 Revenue: $91,484

HIGHER EDUCATION: THE FRANCISCAN CENTER IS A CONFERENCE CENTER WHICH EXTENDS THE SOCIAL AND EDUCATION MINISTRIES OF THE SISTERS OF SAINT FRANCIS BY PRESENTING CULTURAL AND PERFORMING ARTS, EDUCATION...

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HIGHER EDUCATION: THE FRANCISCAN CENTER IS A CONFERENCE CENTER WHICH EXTENDS THE SOCIAL AND EDUCATION MINISTRIES OF THE SISTERS OF SAINT FRANCIS BY PRESENTING CULTURAL AND PERFORMING ARTS, EDUCATION PROGRAMMING, AND EXTENDING ADMINISTRATIVE AND TECHNICAL HOSPITALITY SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,794,296
Program Service Revenue $27,322,041
Investment Income $900,542
Other Revenue $-65,794
TOTAL REVENUE $36,951,085

Expense Breakdown

Grants Paid $11,622,739
Salaries & Benefits $13,919,026
Fundraising Expenses $981,904
Program Expenses $33,609,076
Other Expenses $16,926,316
TOTAL EXPENSES $42,468,081

Year-over-Year Comparison

2022 2021 Change
Revenue $36,951,085 $40,243,776 -0.1%
Expenses $42,468,081 $42,972,256 0.0%
Net Income $-5,516,996 $-2,728,480 +1.0%
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
23
Independent Members
22
Employees
609
Volunteers
200

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
11
$1,057,308
Total Directors
24
$501,769
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY ANN GAWELEK END 0123 PRESIDENT 45.0
Officer Director
$260,937 $61,851 $322,788
SUSAN RAWSON DIRECTOR OF NAP 40.0
Highest
$210,217 $9,601 $219,818
TERRY KELLER START 1022 PROVOST AND INTEREM PRESIDENT 45.0
Officer Director
$156,736 $22,245 $178,981
MARY SABIN VP INSTITUTIONAL ADVANCEMENT 45.0
Officer
$153,333 $15,943 $169,276
JEFFREY LILES END 0523 VP OF ENROLLMENT 45.0
Officer
$138,905 $29,434 $168,339
CHRISTINA SILKA DEAN OF COLLEGE OF NURSING 40.0
Highest
$146,158 $7,958 $154,116
HOWARD BROWN ASSISTANT DIRECTOR OF NAP 40.0
Highest
$135,414 $5,583 $140,997
EMILY ROZEK DIRECTOR UNDERGRADUATE NURSING 40.0
Highest
$108,135 $14,325 $122,460
SR BARBARA VANO OSF VP OF MISSION & MINISTRY 45.0
Officer
$75,976 $13,260 $89,236
GREGORY KNESER END 0822 VP OF STUDENT SERVICES 45.0
Officer
$68,808 $8,897 $77,705
BRYAN BARSHEL START 0922 VP OF FINANCE & ADMINISTRATION 45.0
Officer
$43,162 $7,821 $50,983
WILLIAM J CARROLL BOARD CHAIR 1.0
Officer Director
$0 $0 $0
CHRYS PETERSON BOARD SECRETARY 1.0
Officer Director
$0 $0 $0
PARISS M COLEMAN II BOARD VICE CHAIR 1.0
Officer Director
$0 $0 $0
THOMAS J WINSTON BOARD TREASURER 1.0
Officer Director
$0 $0 $0
ARTURO POLIZZI BOARD MEMBER 1.0
Director
$0 $0 $0
BRADLEY J RIEGER BOARD MEMBER 1.0
Director
$0 $0 $0
CARRIE A HADDIX BOARD MEMBER 1.0
Director
$0 $0 $0
GEORGE A BRYMER JR BOARD MEMBER 1.0
Director
$0 $0 $0
JAMES GANT BOARD MEMBER 1.0
Director
$0 $0 $0
JAY R JINDAL BOARD MEMBER 1.0
Director
$0 $0 $0
MARTHA VETTER BOARD MEMBER 1.0
Director
$0 $0 $0
MAUREEN KENNEY BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL KORALEWSKI BOARD MEMBER 1.0
Director
$0 $0 $0
RICHARD SWEENEY BOARD MEMBER 1.0
Director
$0 $0 $0
RITA MANSOUR BAORD MEMBER 1.0
Director
$0 $0 $0
SEAN SAVAGE BOARD MEMBER 1.0
Director
$0 $0 $0
SHIELA EASON BOARD MEMBER 1.0
Director
$0 $0 $0
SR LAUREEN PAINTER OSF BOARD MEMBER 1.0
Director
$0 $0 $0
SR RACHEL M NIJAKOWSKI OSF BOARD MEMBER 1.0
Director
$0 $0 $0
SR REBECCA RUTKOWSKI OSF BOARD MEMBER 1.0
Director
$0 $0 $0
SUSAN CONDA BOARD MEMBER 1.0
Director
$0 $0 $0
THOMAS P DILLON BOARD MEMBER 1.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $36,951,085 $42,468,081 $41,164,892 $-5,516,996
2022 $40,243,776 $42,972,256 $45,294,927 $-2,728,480
2021 $38,568,950 $41,249,095 $53,479,369 $-2,680,145
2020 $38,396,761 $38,860,819 $52,843,278 $-464,058
2019 $36,466,425 $36,871,464 $58,227,938 $-405,039
2018 $34,768,159 $35,701,329 $58,153,146 $-933,170
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