UNIVERSITY OF NORTHWESTERN OHIO

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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

1992

Legal Domicile

Principal Officer

DR JEFFREY JARVIS

Phone

4192273141

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF NORTHWESTERN OHIO, founded in 1992, is a mid-sized nonprofit in the Education sector that reported $41.5M in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $87.9M represent 25 months of operating reserves.

Mission

THE UNIVERSITY OF NORTHWESTERN OHIO IS AN ENTREPRENEURIAL, NOT-FOR-PROFIT INSTITUTION OF HIGHER LEARNING, PREPARING STUDENTS FOR CAREERS AND PRODUCTIVE CITIZENSHIP THAT ENCOMPASS THE BUSINESS, PROFESSIONAL, CORPORATE, AND TECHNOLOGICAL COMMUNITIES BY PROVIDING QUALITY EDUCATION AND TRAINING IN RESPONSE TO THE NEEDS AND ASPIRATIONS OF OUR CONSTITUENTS.

Program Service Accomplishments

Program 1

Expenses: $33,412,555 Revenue: $41,410,607

THE UNIVERSITY OF NORTHWESTERN OHIO SERVED 2914 STUDENTS DURING THE YEAR, WITH 1019 GRADUATING WITH A DEGREE OR DIPLOMA. THE UNIVERSITY OFFERS ASSOCIATE AND DIPLOMA DEGREE PROGRAMS IN AUTOMOTIVE...

THE UNIVERSITY OF NORTHWESTERN OHIO SERVED 2914 STUDENTS DURING THE YEAR, WITH 1019 GRADUATING WITH A DEGREE OR DIPLOMA. THE UNIVERSITY OFFERS ASSOCIATE AND DIPLOMA DEGREE PROGRAMS IN AUTOMOTIVE, HIGH PERFORMANCE MOTORSPORTS AND HVAC TECHNOLOGIES. THE BUSINESS DIVISION OFFERS ASSOCIATE AND DIPLOMA PROGRAMS AS WELL AS A BACHELORS IN ACCOUNTING AND BUSINESS ADMINISTRATION WITH CONCENTRATIONS IN AGRIBUSINESS MANAGEMENT, MARKETING, AUTOMOTIVE MANAGEMENT AND HEALTH CARE ADMINISTRATION. THE UNIVERSITY ALSO OFFERS, THROUGH ITS DISTANCE LEARNING DIVISION, BACHELOR OF SCIENCE DEGREES AND AN ASSOCIATE DEGREE IN APPLIED BUSINESS FOR WORKING ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $659,983

Program Service Revenue $41,410,607

Investment Income $324,336

Other Revenue $-881,915

TOTAL REVENUE $41,513,011

Expense Breakdown

Grants Paid $2,780,062

Salaries & Benefits $20,823,109

Fundraising Expenses $237,326

Program Expenses $33,412,555

Other Expenses $18,767,771

TOTAL EXPENSES $42,370,942

Year-over-Year Comparison

	2022	2021	Change
Revenue	$41,513,011	$53,295,446	-0.2%
Expenses	$42,370,942	$46,870,590	-0.1%
Net Income	$-857,931	$6,424,856	-1.1%

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

470

Volunteers

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

$1,231,490

Total Directors

$1,107,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY JARVIS	PRESIDENT	40.0	Officer Director	$636,297	$23,460	$659,757
DEAN HOBLER	VP OF ACADEMIC AFFAIRS	40.0	Officer Director	$244,414	$15,639	$260,053
MARCIA EICKHOLT	VP OF FINANCE	40.0	Officer	$147,770	$9,711	$157,481
JAMES BRONDER	CONTROLLER	40.0	Officer Director	$139,162	$15,037	$154,199
JACLYN JARVIS	VP OF COUNSELING SERVICES	40.0	Highest	$129,296	$4,993	$134,289
DONALD LOWDEN	VP OF ADMISSIONS	40.0	Highest	$112,283	$8,553	$120,836
BRUCE PATTON	ADMISSIONS SUPERVISOR	40.0	Highest	$109,594	$6,776	$116,370
JEFFERY LE BLANC	VP OF INFORMATION TECHNOLOGY	40.0	Highest	$106,627	$8,412	$115,039
RANDY HERROD-GONZALEZ	VP OF UNIVERSITY SERVICES	40.0	Highest	$110,752	$2,010	$112,762
MARK STOLLY	TRUSTEE	1.0	Director	$4,000	$0	$4,000
TOM AHL	TRUSTEE	1.0	Director	$4,000	$0	$4,000
DAVID CHENEY	TRUSTEE	1.0	Director	$4,000	$0	$4,000
TODD SCHAUB	TRUSTEE	1.0	Director	$4,000	$0	$4,000
TROY BREIDENBACH	TRUSTEE	1.0	Director	$4,000	$0	$4,000
JEFF HARDY	TRUSTEE	1.0	Director	$4,000	$0	$4,000
DAN KLOPP	TRUSTEE	1.0	Director	$4,000	$0	$4,000
SAM HALKER	TRUSTEE	1.0	Director	$4,000	$0	$4,000
DAN BRIGGS	TRUSTEE	1.0	Director	$1,000	$0	$1,000

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	$41,513,011	$42,370,942	$117,351,973	$-857,931
2022	$53,295,446	$46,870,590	$118,105,125	$6,424,856
2021	$54,604,805	$44,260,130	$114,514,487	$10,344,675
2020	$46,070,078	$44,513,161	$102,608,662	$1,556,917
2019	$48,378,091	$45,746,980	$105,081,604	$2,631,111
2018	$48,649,141	$45,155,002	$106,937,122	$3,494,139