Taylor University (EIN 350868181) - 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

1846

Legal Domicile

Phone

7659984634

Tax Period

2024-06-01 to 2025-05-31

Taylor University, founded in 1846, is a major nonprofit in the Education sector that reported $158.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $137.1M left a modest 14% surplus.

Mission

Develop servant-leaders marked with a passion to minister Christ's redemptive love, grace, and truth to a world in need.

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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 $37,281,207

Program Service Revenue $109,067,447

Investment Income $12,417,385

Other Revenue $170,106

TOTAL REVENUE $158,936,145

Expense Breakdown

Grants Paid $49,065,300

Salaries & Benefits $46,024,040

Fundraising Expenses $5,676,098

Program Expenses $119,910,023

Other Expenses $41,985,474

TOTAL EXPENSES $137,074,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,936,145	$186,719,383	-0.1%
Expenses	$137,074,814	$121,997,283	+0.1%
Net Income	$21,861,331	$64,722,100	-0.7%

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

1848

Volunteers

177

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

$867,485

Total Directors

$653,232

Key Employees

$665,710

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris L Goeglein	Chair	6.0	Officer Director	$0	$0	$0
Dan Wolgemuth	Treasurer	2.0	Officer Director	$0	$0	$0
Dr D Michael Lindsay	President	60.0	Officer Director	$571,350	$81,882	$653,232
Manuel Rosado	Vice Chair	2.0	Officer Director	$0	$0	$0
Nicholas Wallace	Secretary	2.0	Officer Director	$0	$0	$0
Angela Angelovska-Wilson	Trustee	2.0	Director	$0	$0	$0
Bob Wright	Trustee	2.0	Director	$0	$0	$0
Erik Hotmire	Trustee	2.0	Director	$0	$0	$0
Heather Larson	Trustee	2.0	Director	$0	$0	$0
Jamie Haenggi	TRUSTEE (BEGINNING MAY 2025)	2.0	Director	$0	$0	$0
Jana Murphy	Trustee	2.0	Director	$0	$0	$0
Jeff Jones	Trustee	2.0	Director	$0	$0	$0
Jill Anschutz	Trustee	2.0	Director	$0	$0	$0
Jonathan Beukelman	Trustee	2.0	Director	$0	$0	$0
Karen Thomas	Trustee	2.0	Director	$0	$0	$0
Kathy Stevens	Trustee	2.0	Director	$0	$0	$0
LISA FORD	TRUSTEE (BEGINNING MAY 2025)	2.0	Director	$0	$0	$0
Luther Whitfield	Trustee	2.0	Director	$0	$0	$0
Mark D Taylor	Trustee	2.0	Director	$0	$0	$0
Mark Davis	Trustee	2.0	Director	$0	$0	$0
Minda Chow	Trustee	2.0	Director	$0	$0	$0
P Eric Turner	Trustee	2.0	Director	$0	$0	$0
Rhonda Jeter	Trustee	2.0	Director	$0	$0	$0
Sarah Flick	Trustee	2.0	Director	$0	$0	$0
Shani P Wilfred	Trustee	2.0	Director	$0	$0	$0
Stephen L Johnson	Trustee	2.0	Director	$0	$0	$0
Tamara Shaya Hoffmann	Trustee	2.0	Director	$0	$0	$0
Stephen Olson	VP Business & Finance / CFO	40.0	Officer	$172,747	$41,506	$214,253
Holly Whitby	VP of Enrollment & Marketing	50.0	Key Emp	$201,323	$33,115	$234,438
Jewerl Maxwell	Provost	50.0	Key Emp	$188,494	$36,319	$224,813
Mike Falder	VP for University Advancement	20.0	Key Emp	$167,736	$38,723	$206,459
Chris Jones	VP & Chief Information Officer	50.0	Highest	$143,197	$40,120	$183,317
Coein Skip Trudeau	VP of Student Services	50.0	Highest	$142,477	$34,840	$177,317
Greg Dyson	VP for Spiritual Life & Intercultural Leadership	50.0	Highest	$137,109	$36,390	$173,499
Laurel Fauquher	Program Dir. & Assoc. Prof. of Physician Asst Studies	50.0	Highest	$123,636	$33,546	$157,182
Will Hagen	VP for Strategy and Chief of Staff (Through November 2024)	50.0	Highest	$148,471	$31,836	$180,307

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	$158,936,145	$137,074,814	$478,565,510	$21,861,331
2024	$186,719,383	$121,997,283	$453,290,032	$64,722,100
2023	$130,385,822	$108,634,114	$374,926,952	$21,751,708
2022	$122,251,609	$101,876,282	$297,240,119	$20,375,327
2021	$104,046,582	$94,230,564	$280,316,410	$9,816,018
2020	$99,093,951	$98,620,025	$256,757,403	$473,926
2019	$99,662,448	$98,914,213	$255,149,841	$748,235

Taylor University