MANCHESTER UNIVERSITY INC

EIN: 350868127 501(c)(3) Education

North Manchester, IN

Total Revenue
$88,332,717
Total Expenses
$72,910,694
Total Assets
$176,403,200
Net Assets
$151,411,420
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
IN
Principal Officer
Clair Knapp
Phone
2609825000
Tax Period
2024-07-01 to 2025-06-30

MANCHESTER UNIVERSITY INC, founded in 1902, is a mid-sized nonprofit in the Education sector that reported $88.3M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.4M, a strong 17% operating margin.

Mission

Manchester University respects the infinite worth of every individual and graduates persons of ability and conviction who draw upon their education and faith to lead principled, productive, and compassionate lives that improve the human condition.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,021,272
Program Service Revenue $52,388,296
Investment Income $12,889,574
Other Revenue $33,575
TOTAL REVENUE $88,332,717

Expense Breakdown

Grants Paid $26,984,860
Salaries & Benefits $25,354,983
Fundraising Expenses $1,210,068
Program Expenses $62,190,754
Other Expenses $20,570,851
TOTAL EXPENSES $72,910,694

Year-over-Year Comparison

2024 2023 Change
Revenue $88,332,717 $63,177,520 +0.4%
Expenses $72,910,694 $70,399,086 +0.0%
Net Income $15,422,023 $-7,221,566 -3.1%
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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Governance

Voting Members
28
Independent Members
28
Employees
771
Volunteers
1

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
10
$1,505,419
Total Directors
33
$0
Key Employees
1
$295,192
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacy Young President 60
Officer
$391,309 $46,789 $438,098
Walter Smith Dean for Health Professions & Professor of Pharmaceutical Sciences 52
Key Emp
$269,950 $25,242 $295,192
Clair Knapp Treasurer/VP for Finance & CBO 55
Officer
$259,557 $26,738 $286,295
Celia Cook-Huffman VP Academic Affairs 55
Officer
$228,151 $19,427 $247,578
Tara Jenkins Executive Associate Dean of Health Professions 40
Highest
$197,858 $10,745 $208,603
Melanie Harmon VP for Advancement 50
Officer
$192,334 $13,826 $206,160
Jennifer Campbell Associate Dean of Academic Programs/Professor 40
Highest
$189,028 $16,240 $205,268
Abagail Van Vlerah VP for Student Life 60
Officer
$184,122 $16,254 $200,376
Diane Calinski Professor and Department Chair of Pharmaceutical and Grad Life Sciences 40
Highest
$172,575 $18,675 $191,250
Teresa DeLellis Chair and Associate Professor of Pharmacy Practice 40
Highest
$168,341 $16,689 $185,030
Yousif Rojeab Professor of Pharmaceutical and Graduate Life Science 40
Highest
$161,761 $7,571 $169,332
Julie Knuth Executive Assistant/Assistant Secretary 45
Officer
$75,131 $8,649 $83,780
Leon Letter VP of Strategic Initiatives and Corporate Partnerships 50
Officer
$43,132 $0 $43,132
Lisa Young Alston Trustee 2
Director
$0 $0 $0
Mark Baer Trustee 2
Director
$0 $0 $0
Alicia Baird Trustee 2
Director
$0 $0 $0
Dustin Brown Trustee 2
Director
$0 $0 $0
Christopher Caldwell Trustee 2
Director
$0 $0 $0
J Christopher Craig Trustee 2
Director
$0 $0 $0
Ding-Jo Currie Trustee 2
Director
$0 $0 $0
Aaron Fetrow Trustee 2
Director
$0 $0 $0
Lisa Ford Trustee 2
Director
$0 $0 $0
Cheryl Green Trustee 2
Director
$0 $0 $0
Audrey Hahn Trustee 2
Director
$0 $0 $0
David Haist Trustee 2
Director
$0 $0 $0
Harriet Hamer Trustee 2
Director
$0 $0 $0
Carolyn Hardman Trustee 2
Director
$0 $0 $0
Brian Harshberger Trustee 2
Director
$0 $0 $0
Kevin Hochstedler Trustee 2
Director
$0 $0 $0
Laura Kenealy Trustee 2
Director
$0 $0 $0
Steve Knaus Trustee 2
Director
$0 $0 $0
Timothy Lake Trustee 2
Director
$0 $0 $0
Thomas Lower Trustee 2
Director
$0 $0 $0
Madalyn Metzger Trustee 2
Director
$0 $0 $0
Debra Mishler Trustee 2
Director
$0 $0 $0
Michael Packnett Trustee 2
Director
$0 $0 $0
Nadine S Pence Trustee 2
Director
$0 $0 $0
Lily Qi Trustee 2
Director
$0 $0 $0
Isabel Santner Trustee 2
Director
$0 $0 $0
Noah Smith Trustee 2
Director
$0 $0 $0
Daniel Starr Trustee 2
Director
$0 $0 $0
Richard Teets Jr Trustee 2
Director
$0 $0 $0
Jeffrey Carter Vice Chair 2025 2
Officer Director
$0 $0 $0
Joshua Kline Secretary 2
Officer Director
$0 $0 $0
Linda Kroll Chair 5
Officer Director
$0 $0 $0
William M Rosenbury Vice Chair 2024 2
Director
$0 $0 $0
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 $88,332,717 $72,910,694 $176,403,200 $15,422,023
2024 $63,177,520 $70,399,086 $168,266,706 $-7,221,566
2023 $63,447,274 $68,859,350 $168,240,986 $-5,412,076
2022 $74,714,391 $70,543,341 $168,501,629 $4,171,050
2021 $72,481,712 $70,104,722 $178,328,916 $2,376,990
2020 $68,391,881 $69,286,770 $163,832,946 $-894,889
2019 $73,042,047 $73,653,017 $160,804,214 $-610,970
2018 $82,116,288 $73,148,238 $148,641,727 $8,968,050
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