THE LUTHERAN UNIVERSITY ASSOCIATION INC

EIN: 350868125 501(c)(3) Education

VALPARAISO, IN

Total Revenue
$187,644,738
Total Expenses
$201,335,936
Total Assets
$606,524,754
Net Assets
$441,882,238
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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
IN
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

VALPARAISO UNIVERSITY IS A COMPREHENSIVE, PRIVATE UNIVERSITY WITH A LUTHERAN HERITAGE THAT SERVES MORE THAN 2,000 FULL AND PART TIME STUDENTS. THE UNIVERSITY HAS RECEIVED SPECIAL RECOGNITION FOR ITS OUTSTANDING TEACHING AND EDUCATIONAL VALUE. MORE THAN 60 UNDERGRADUATE DEGREE PROGRAMS AND INTERDISCIPLINARY OPTIONS ARE OFFERED THROUGHOUT THE UNIVERSITY AT FIVE UNDERGRADUATE COLLEGES: ARTS AND SCIENCES, BUSINESS, ENGINEERING, NURSING AND HEALTH PROFESSIONS, AND CHRIST COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $146,353,503 Revenue: $108,804,212

Undergraduate programs - Valparaiso University enrolls more than 2,000 undergraduate students in more than 60 academic programs that integrate the best of the liberal arts with professional...

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Undergraduate programs - Valparaiso University enrolls more than 2,000 undergraduate students in more than 60 academic programs that integrate the best of the liberal arts with professional preparation. Programs are offered through the Colleges of Arts and Sciences, Business, Engineering, and Nursing and Health Professions, as well as Christ College, Valparaiso University's Honors College. Valpo has been named one of the best values nationwide for 2025 by U.S. News & World Report. In addition, the College of Nursing and Health Professions, the College of Business and the College of Engineering have been recognized for quality. Valparaiso University sponsors numerous international study opportunities and is recognized as a model in preparing graduates with strong cross-cultural skills and global awareness. The overall placement rate for Valparaiso University graduates from the class of 2024 was 98.2%. Valparaiso University's Division I Athletics teams continue to succeed in the classroom, with many honors bestowed upon Valpo student-athletes by the Missouri Valley Conference for the 2024-2025 academic and athletic year - 12 student-athletes received the President's Council Academic Excellence Honor, the Missouri Valley Conference's highest academic honor; 84 student-athletes achieved the Commissioner's Academic Excellence Award; and 225 student-athletes were named to the Missouri Valley Conference Honor Roll.

Program 2
Expenses: $35,188,708 Revenue: $18,865,229

VALPARAISO UNIVERSITY PROVIDES ADDITIONAL SERVICES TO STUDENTS INCLUDING HOUSING AND DIVISION I ATHLETICS OPPORTUNITIES. ALSO, THE UNIVERSITY SUPPORTS THEATRE, MUSIC AND VISUAL ARTS PROGRAMS...

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VALPARAISO UNIVERSITY PROVIDES ADDITIONAL SERVICES TO STUDENTS INCLUDING HOUSING AND DIVISION I ATHLETICS OPPORTUNITIES. ALSO, THE UNIVERSITY SUPPORTS THEATRE, MUSIC AND VISUAL ARTS PROGRAMS BENEFICIAL TO STUDENTS AS WELL AS THE GENERAL PUBLIC.

Program 3
Expenses: $8,667,626 Revenue: $11,495,988

Graduate Programs - Valparaiso University's Graduate Office offers more than 25 graduate and certificate programs that are fully integrated into the Colleges of Arts and Sciences, Business, and...

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Graduate Programs - Valparaiso University's Graduate Office offers more than 25 graduate and certificate programs that are fully integrated into the Colleges of Arts and Sciences, Business, and Nursing and Health Professions. With rolling admissions, multiple start terms per year, and flexible course delivery options, graduate programs meet the needs of today's adult learners. With a majority of offerings at the professional master's level (plus doctorates of nursing practice and occupational therapy), graduate programs emphasize academic rigor, practical application for market ready skills, and career and professional development. In fall 2025, 380 students were enrolled in graduate studies with 31 international students and 88 students who did not self-identify as white. Comprehensive academic support provides a full-service complement to the cultural, emotional, and intellectual development of Valparaiso University graduate students.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
28
Independent Members
26
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
6
$2,037,472
Total Directors
28
$555,790
Key Employees
1
$183,796
Highest Compensated
5
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
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