THE LUTHERAN UNIVERSITY ASSOCIATION INC (EIN 350868125) - 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

1925

Legal Domicile

Phone

2194645215

Tax Period

2024-07-01 to 2025-06-30

THE LUTHERAN UNIVERSITY ASSOCIATION INC, founded in 1925, is a major nonprofit in the Education sector that reported $187.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $441.9M represent 28 months of operating reserves.

Mission

A COMMUNITY OF LEARNING DEDICATED TO EXCELLENCE & GROUNDED IN THE LUTHERAN TRADITION OF SCHOLARSHIP, FAITH, & FREEDOM, PREPARING STUDENTS TO LEAD & SERVE IN THE CHURCH & SOCIETY.

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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 $23,464,992

Program Service Revenue $139,165,429

Investment Income $24,986,059

Other Revenue $28,258

TOTAL REVENUE $187,644,738

Expense Breakdown

Grants Paid $75,248,059

Salaries & Benefits $64,283,923

Fundraising Expenses $3,163,086

Program Expenses $190,209,837

Other Expenses $61,803,954

TOTAL EXPENSES $201,335,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,644,738	$167,303,144	+0.1%
Expenses	$201,335,936	$194,804,715	+0.0%
Net Income	$-13,691,198	$-27,501,571	-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

2036

Volunteers

600

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

$2,037,472

Total Directors

$555,790

Key Employees

$183,796

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE PADILLA	PRESIDENT	60.0	Officer Director	$466,886	$88,904	$555,790
ANDREW NUNEMAKER	DIRECTOR	2.0	Director	$0	$0	$0
BRUCE LANING	DIRECTOR	6.0	Director	$0	$0	$0
CAROLYN SCHLIE FEMOVICH	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTOPHER GOOD	DIRECTOR	2.0	Director	$0	$0	$0
CHRISTOPHER R PETRINI-POLI	DIRECTOR	3.0	Director	$0	$0	$0
COLETTE IRWIN-KNOTT	DIRECTOR	5.0	Director	$0	$0	$0
CRAIG DWIGHT	DIRECTOR	1.0	Director	$0	$0	$0
DANIELLE IDDINS	DIRECTOR	3.0	Director	$0	$0	$0
DAVID BOCHNOWSKI	DIRECTOR	2.0	Director	$0	$0	$0
EMILY CHASE	DIRECTOR	1.0	Director	$0	$0	$0
GEOFF GILLMORE	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY DOBBS	DIRECTOR	3.0	Director	$0	$0	$0
Jill Bodensteiner	DIRECTOR	2.0	Director	$0	$0	$0
Jon DeGuilio	DIRECTOR	2.0	Director	$0	$0	$0
JON STEINBRECHER	DIRECTOR	7.0	Director	$0	$0	$0
JULIE WINKLER	BOARD VICE-CHAIR	2.0	Director	$0	$0	$0
Lindsay Roettger	DIRECTOR	2.0	Director	$0	$0	$0
LOUIE GONZALEZ	DIRECTOR	1.0	Director	$0	$0	$0
MARION MOON	DIRECTOR	4.0	Director	$0	$0	$0
MARK DUESENBERG	DIRECTOR	8.0	Director	$0	$0	$0
NOE ORTEGA	DIRECTOR	9.0	Director	$0	$0	$0
PAUL STRASEN	DIRECTOR	3.0	Director	$0	$0	$0
PHILIP SPAHN	DIRECTOR	3.0	Director	$0	$0	$0
ROBERT HANSEN JR	BOARD CHAIR	4.0	Director	$0	$0	$0
Sara Manske	DIRECTOR	2.0	Director	$0	$0	$0
Scott Buckey	DIRECTOR	2.0	Director	$0	$0	$0
SUSAN JENNY EHR	DIRECTOR	6.0	Director	$0	$0	$0
DARRON FARHA	VP & GENERAL COUNSEL	60.0	Officer	$261,685	$25,667	$287,352
ERIC JOHNSON	PROVOST AND EXECUTIVE VP	60.0	Officer	$295,431	$38,069	$333,500
JILL SCHUR	VP FOR ENROLLMENT AND MARKETING (LEFT 05/23)	60.0	Officer	$268,004	$16,212	$284,216
MARIE FOSTER-BRUNS	VP FOR ADVANCEMENT	60.0	Officer	$264,140	$20,689	$284,829
MARK VOLPATTI	SR VP OF FINANCE	60.0	Officer	$269,240	$22,545	$291,785
Greg Johnson	Dean College Arts & Sciences	60.0	Key Emp	$155,961	$27,835	$183,796
Doug Tougaw	Dean College Engineering	60.0	Highest	$187,920	$30,650	$218,570
KAREN ALLEN	Dean of the College of Nursing	40.0	Highest	$204,211	$17,558	$221,769
NICLAS ERHARDT	Dean of the College of Business	40.0	Highest	$223,950	$14,819	$238,769
ROGER POWELL	Head Coach Men's Basketball	40.0	Highest	$515,831	$40,033	$555,864
Tamara Gingerich	Assoc VP of Finance (LEFT 03/21)	60.0	Highest	$198,135	$12,445	$210,580
Steven Janowiak	VP Student Life	60.0		$262,966	$27,086	$290,052

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	$187,644,738	$201,335,936	$606,524,754	$-13,691,198
2024	$167,303,144	$194,804,715	$602,858,223	$-27,501,571
2023	$165,456,496	$189,108,097	$612,467,905	$-23,651,601
2022	$194,686,967	$206,305,516	$643,359,261	$-11,618,549
2021	$197,856,544	$189,300,150	$674,383,035	$8,556,394
2020	$192,641,554	$204,953,827	$578,078,702	$-12,312,273
2019	$191,580,438	$217,269,217	$585,354,605	$-25,688,779
2018	$199,153,602	$205,381,421	$593,756,639	$-6,227,819

THE LUTHERAN UNIVERSITY ASSOCIATION INC