The Corporation of Saint Mary's College Notre Dame

EIN: 350868158 501(c)(3) Education

NOTRE DAME, IN

Total Revenue
$150,948,474
Total Expenses
$130,845,754
Total Assets
$532,031,106
Net Assets
$445,724,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IN
Phone
5742844731
Tax Period
2024-06-01 to 2025-05-31

The Corporation of Saint Mary's College Notre Dame, founded in 1972, is a major nonprofit in the Education sector that reported $150.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $130.8M left a modest 13% surplus.

Mission

Founded by the Sisters of the Holy Cross in 1844, Saint Mary's College promotes a life of intellectual vigor, aesthetic appreciation, religious sensibility, and social responsibility. Saint Mary's is a Catholic, residential, women's, liberal arts college offering undergraduate degrees and co-educational graduate programs. A pioneer in the education of women, the College fosters an inclusive, academic community where students discover and develop their talents as they prepare to make a difference in the world. All members of the College contribute to this mission in their response to the complex needs and challenges of contemporary life.

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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 $28,448,473
Program Service Revenue $99,443,132
Investment Income $21,644,616
Other Revenue $1,412,253
TOTAL REVENUE $150,948,474

Expense Breakdown

Grants Paid $49,382,864
Salaries & Benefits $46,708,544
Fundraising Expenses $5,661,278
Program Expenses $116,711,728
Other Expenses $34,754,346
TOTAL EXPENSES $130,845,754

Year-over-Year Comparison

2024 2023 Change
Revenue $150,948,474 $134,775,479 +0.1%
Expenses $130,845,754 $119,881,176 +0.1%
Net Income $20,102,720 $14,894,303 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
28
Employees
1248
Volunteers
125

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
12
$2,008,279
Total Directors
30
$747,273
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN FLYNN ROOHAN SECRETARY 2.0
Officer Director
$0 $0 $0
LORRAINE WILSON VICE CHAIR 2.0
Officer Director
$0 $0 $0
MARY MCENERY HARDING TREASURER 2.0
Officer Director
$0 $0 $0
MAUREEN KARNATZ SMITH CHAIR 2.0
Officer Director
$0 $0 $0
SHEILA KATHERINE CONBOY PRESIDENT 50.0
Officer Director
$448,991 $155,381 $604,372
AMY C SHELLY TRUSTEE 2.0
Director
$0 $0 $0
ANAIS JULIANO STUDENT TRUSTEE 2.0
Director
$2,819 $0 $2,819
CHRISTINE ASHFORD SWANSON TRUSTEE 2.0
Director
$0 $0 $0
DONALD R FISCHER TRUSTEE 2.0
Director
$0 $0 $0
FR STEPHEN KATSOUROS SJ TRUSTEE 2.0
Director
$0 $0 $0
GREGOIRE GALLANT TRUSTEE 2.0
Director
$0 $0 $0
JACQUELINE LESKOVEC TRUSTEE 2.0
Director
$0 $0 $0
JENNIFER MATHILE PRIKKEL TRUSTEE 2.0
Director
$0 $0 $0
JESSICA FOSTER TRUSTEE 2.0
Director
$0 $0 $0
JILL M TIEFENTHALER TRUSTEE 2.0
Director
$0 $0 $0
KATHLEEN MURPHY VILLANO TRUSTEE 2.0
Director
$0 $0 $0
KIMBERLYN MARTIN TROY TRUSTEE 2.0
Director
$0 $0 $0
LINDA SCHULTZ SALVI TRUSTEE 2.0
Director
$0 $0 $0
MICHAEL J MATHILE TRUSTEE 2.0
Director
$0 $0 $0
REVEREND PAUL KOLLMAN CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER JUDITH HALLOCK CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER SHARLET A WAGNER CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER TAPOSI GOMES CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER VANESSA CRUZ FERREIRA CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER VERONICA A FAJARDO CSC TRUSTEE 2.0
Director
$0 $0 $0
SISTER VERONIQUE WIEDOWER CSC TRUSTEE 2.0
Director
$0 $0 $0
SUSAN B OLNEY LATHAM PROFESSOR/TRUSTEE 52.0
Director
$98,839 $41,243 $140,082
THERESA SULLIVAN NORTON TRUSTEE 2.0
Director
$0 $0 $0
TINA PATTON TRUSTEE 2.0
Director
$0 $0 $0
WILLIAM J SCHMUHL JR TRUSTEE EMERITUS 2.0
Director
$0 $0 $0
BARBARA MAY PROVOST AND SENIOR VP (Through 07/2024) 50.0
Officer
$123,944 $18,789 $142,733
HOLLY JOHNSON VICE PRESIDENT FOR ADVANCEMENT 50.0
Officer
$251,238 $26,307 $277,545
JULIANNE WALLACE VICE PRESIDENT FOR MISSION (Through 09/2024) 50.0
Officer
$135,550 $24,874 $160,424
LORI JOHNSON VICE PRESIDENT FOR STUDENT ENROLLMENT AND ENGAGEMENT 50.0
Officer
$218,989 $35,745 $254,734
MEGAN ZWART INTERIM PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS 50.0
Officer
$131,608 $41,928 $173,536
PETER CHRISTENSEN VICE PRESIDENT FOR FINANCE AND OPERATIONS 50.0
Officer
$215,313 $21,080 $236,393
REDGINA HILL VICE PRESIDENT FOR BELONGING 50.0
Officer
$119,160 $39,382 $158,542
Carolyn Mueller Executive Director of Regional Development and Gift Planning 50.0
Highest
$122,113 $17,829 $139,942
COLLEEN M HOOVER ASSOCIATE PROVOST & DEAN OF GRADUATE STUDIES 50.0
Highest
$117,353 $44,345 $161,698
Daniela Edson Associate Clinical Professor Nursing Science 50.0
Highest
$121,869 $10,083 $131,952
ELIZABETH G KOULTOURIDES ASSOCIATE VICE PRESIDENT FOR ADVANCEMENT 50.0
Highest
$131,651 $15,014 $146,665
MONA BOWE EXECUTIVE DIRECTOR OF RETENTION STRATEGY 50.0
Highest
$155,503 $45,805 $201,308
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 $150,948,474 $130,845,754 $532,031,106 $20,102,720
2024 $134,775,479 $119,881,176 $506,504,612 $14,894,303
2023 $127,115,623 $112,233,542 $485,200,116 $14,882,081
2022 $143,002,673 $105,849,501 $523,384,557 $37,153,172
2021 $131,533,724 $100,614,969 $472,113,575 $30,918,755
2020 $104,362,180 $100,127,718 $373,928,752 $4,234,462
2019 $107,110,664 $97,616,007 $345,516,657 $9,494,657
2018 $106,961,149 $96,605,063 $341,627,305 $10,356,086
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