Butler University (EIN 350867977) - 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

1850

Legal Domicile

Phone

3179409779

Tax Period

2024-06-01 to 2025-05-31

Butler University, founded in 1850, is a major nonprofit in the Education sector that reported $365.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE HIGHEST QUALITY LIBERAL AND PROFESSIONAL EDUCATION AND TO INTEGRATE THE TWO BY CREATING A STIMULATING INTELLECTUAL COMMUNITY.

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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 $57,798,383

Program Service Revenue $294,118,371

Investment Income $13,348,671

Other Revenue $113,978

TOTAL REVENUE $365,379,403

Expense Breakdown

Grants Paid $95,582,960

Salaries & Benefits $141,157,583

Fundraising Expenses $4,434,934

Program Expenses $302,066,159

Other Expenses $119,921,238

TOTAL EXPENSES $356,661,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,379,403	$320,717,458	+0.1%
Expenses	$356,661,781	$336,135,762	+0.1%
Net Income	$8,717,622	$-15,418,304	-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

3749

Volunteers

1000

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

$1,918,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Gahl	Vice Chair	1.0	Officer Director	$0	$0	$0
Howard Schrott	Treasurer	1.0	Officer Director	$0	$0	$0
Jana Brost	Secretary	1.0	Officer Director	$0	$0	$0
Jeff Blade	Chair	1.0	Officer Director	$0	$0	$0
Aaron Schamp	Trustee	1.0	Director	$0	$0	$0
Amy Wierenga	Trustee	1.0	Director	$0	$0	$0
Andrew Greenlee	Trustee	1.0	Director	$0	$0	$0
Anthony Murdock	Trustee	1.0	Director	$0	$0	$0
Bob Wildman	Trustee	1.0	Director	$0	$0	$0
Brian Stemme	Trustee	1.0	Director	$0	$0	$0
Bryan Brenner	Trustee	1.0	Director	$0	$0	$0
Chad Pingel	Trustee	1.0	Director	$0	$0	$0
Chris Miskel	Trustee	1.0	Director	$0	$0	$0
Delia Askew	Trustee	1.0	Director	$0	$0	$0
Gary Butkus	Trustee	1.0	Director	$0	$0	$0
Jane Magnus-Stinson	Trustee	1.0	Director	$0	$0	$0
Jatinder-Bir Singh Sandhu	Trustee	1.0	Director	$0	$0	$0
Jay Love	Trustee	1.0	Director	$0	$0	$0
Joe Eaton	Trustee	1.0	Director	$0	$0	$0
Joy Mason	Trustee	1.0	Director	$0	$0	$0
Judith Thomas	Trustee	1.0	Director	$0	$0	$0
Kathy Martin Harrison	Trustee	1.0	Director	$0	$0	$0
Keith Faller	Trustee	1.0	Director	$0	$0	$0
Lynne Zydowsky	Trustee	1.0	Director	$0	$0	$0
Mark Minner	Trustee	1.0	Director	$0	$0	$0
Michael Hole	TRUSTEE	1.0	Director	$0	$0	$0
P Scott Bening	Trustee	1.0	Director	$0	$0	$0
Rebecca Graham Paul	Trustee	1.0	Director	$0	$0	$0
Rollin Dick	Trustee	1.0	Director	$0	$0	$0
Steve Sterrett	Trustee	1.0	Director	$0	$0	$0
Thomas Fischer	Trustee	1.0	Director	$0	$0	$0
Alan Finn	EVP-Finance and Administration/COO (Beg 3/25)	50.0	Officer	$0	$0	$0
Bruce Arick	EVP - Finance & Admin/COO/Asst Treas.	50.0	Officer	$315,437	$50,166	$365,603
Claire Aigotti	General Counsel/Asst Secretary	50.0	Officer	$289,713	$94,224	$383,937
James Danko	President	50.0	Officer	$925,823	$66,131	$991,954
Susan Westermeyer	Controller/Asst Treasurer	50.0	Officer	$148,104	$28,405	$176,509
Austin Parkinson	Women's Basketball Coach	50.0	Highest	$319,717	$49,537	$369,254
Brooke Barnett	Provost/EVP - Academic Affairs	50.0	Highest	$346,201	$53,204	$399,405
Grant Leiendecker	VP and Athletics Director	50.0	Highest	$305,565	$48,058	$353,623
Michael Pegues	Men's Basketball Assistant Coach	50.0	Highest	$313,285	$43,401	$356,686
Thad Matta	Men's Basketball Head Coach	50.0	Highest	$2,649,530	$52,611	$2,702,141

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	$365,379,403	$356,661,781	$792,307,471	$8,717,622
2024	$320,717,458	$336,135,762	$756,218,829	$-15,418,304
2023	$290,631,334	$315,766,024	$746,589,667	$-25,134,690
2022	$355,703,084	$295,848,004	$771,199,903	$59,855,080
2021	$304,986,997	$267,471,001	$771,058,130	$37,515,996
2020	$274,375,552	$270,837,632	$679,970,876	$3,537,920
2019	$295,152,634	$269,482,320	$634,268,827	$25,670,314
2018	$276,446,430	$247,249,683	$628,918,305	$29,196,747

Butler University