Ohio Northern University (EIN 344429091) - 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

1871

Legal Domicile

Phone

4197722000

Tax Period

2024-06-01 to 2025-05-31

Ohio Northern University, founded in 1871, is a major nonprofit in the Education sector that reported $168.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OHIO NORTHERN'S PURPOSE IS TO HELP STUDENTS DEVELOP INTO SELF RELIANT, MATURE INDIVIDUALS OPEN TO THE CONTEMPORARY WORLD, ACTIVE IN LEARNING AND SENSITIVE TO HIGHER VALUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,483,035

Program Service Revenue $146,287,774

Investment Income $13,301,881

Other Revenue $58,646

TOTAL REVENUE $168,131,336

Expense Breakdown

Grants Paid $66,005,847

Salaries & Benefits $50,606,389

Fundraising Expenses $1,967,306

Program Expenses $148,797,653

Other Expenses $49,325,557

TOTAL EXPENSES $165,937,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,131,336	$154,160,384	+0.1%
Expenses	$165,937,793	$158,139,749	+0.0%
Net Income	$2,193,543	$-3,979,365	-1.6%

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

1586

Volunteers

778

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

$1,098,960

Total Directors

$689,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MELISSA J BAUMANN	PRESIDENT	45.0	Officer Director	$458,263	$79,986	$538,249
DR RICHARD P KEYES	VICE CHAIR	1.0	Officer Director	$0	$0	$0
PAMELA S HERSHBERGER	CHAIR	1.0	Officer Director	$0	$0	$0
ANMARIE S KOLINSKI	TRUSTEE	1.0	Director	$0	$0	$0
BISHOP GREGORY V PALMER	TRUSTEE	1.0	Director	$0	$0	$0
BRENDA L REICHELDERFER	TRUSTEE	1.0	Director	$0	$0	$0
COL WILLIAM E ORR JR	TRUSTEE	1.0	Director	$0	$0	$0
DAVID R HEPPNER	TRUSTEE	1.0	Director	$0	$0	$0
DR ANDREW M ROECKER	CHAIR, UNIVERSITY COUNCIL	45.0	Director	$143,898	$7,840	$151,738
DR CHARLES F MCCLUSKEY III	TRUSTEE	1.0	Director	$0	$0	$0
DR JAMES F DICKE III	TRUSTEE	1.0	Director	$0	$0	$0
DR JOHN H HULL	TRUSTEE	1.0	Director	$0	$0	$0
DR KAREN K FIELDS MD	TRUSTEE	1.0	Director	$0	$0	$0
DR RONDA K LEHMAN	TRUSTEE	1.0	Director	$0	$0	$0
DR TIMOTHY S TRACY	TRUSTEE	1.0	Director	$0	$0	$0
HANLEY H WHEELER III	TRUSTEE	1.0	Director	$0	$0	$0
JASON S DUFF	TRUSTEE	1.0	Director	$0	$0	$0
JUDGE JESSICA E PRICE SMITH	TRUSTEE	1.0	Director	$0	$0	$0
KATRINA M THOMPSON	TRUSTEE	1.0	Director	$0	$0	$0
MARK A WHITE	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL CHOW	TRUSTEE	1.0	Director	$0	$0	$0
REV DAVID C HARRIS	TRUSTEE	1.0	Director	$0	$0	$0
SARAH N CARPENTER	PRESIDENT, STUDENT SENATE	1.0	Director	$0	$0	$0
SCOTT L SHUTT	TRUSTEE	1.0	Director	$0	$0	$0
THEODORE B GRIFFITH	TRUSTEE	1.0	Director	$0	$0	$0
DR JULIET K HURTIG	PROVOST	45.0	Officer	$197,540	$35,271	$232,811
JASON M BROGE	VP FOR FINANCIAL AFFAIRS	45.0	Officer	$202,073	$54,712	$256,785
JENNIFER L ROBY	SECRETARY	45.0	Officer	$69,265	$1,850	$71,115
CHARLES H ROSE III	DEAN, COLLEGE OF LAW	45.0	Highest	$340,538	$22,877	$363,415
DR JOHN C NAVIN	DEAN, COLLEGE OF BUSINESS	45.0	Highest	$220,521	$23,819	$244,340
DR JOHN-DAVID S YODER	DEAN, COLLEGE OF ENGINEERING	45.0	Highest	$224,767	$15,734	$240,501
SHANNON M SPENCER	VP FOR UNIVERSITY ADVANCEMENT	45.0	Highest	$308,935	$26,771	$335,706
Stuart J Beatty	Dean of College of Pharmacy	45.0	Highest	$239,731	$39,763	$279,494

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	$168,131,336	$165,937,793	$423,978,635	$2,193,543
2024	$154,160,384	$158,139,749	$418,819,955	$-3,979,365
2023	$172,367,913	$157,168,826	$413,509,175	$15,199,087
2022	$166,164,613	$153,115,507	$417,060,447	$13,049,106
2021	$142,350,114	$142,731,930	$404,751,449	$-381,816
2020	$143,966,849	$139,899,317	$362,776,162	$4,067,532
2019	$136,172,423	$137,717,616	$358,843,373	$-1,545,193

Ohio Northern University