University of Notre Dame du Lac (EIN 350868188) - 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

1844

Legal Domicile

Phone

5746317575

Tax Period

2024-07-01 to 2025-06-30

University of Notre Dame du Lac, founded in 1844, is a large national nonprofit in the Education sector that reported $3.4B in total revenue in fiscal year 2024. The organization ran a surplus of $1.0B, a strong 31% operating margin.

Mission

Type of benefit- First class travel: Air travel other than coach class (typically business class) is allowed for travel to Alaska, Hawaii and destinations outside North America, or for necessary medical reasons (accompanied by appropriate supporting documentation), if the situation warrants it and with approval from a Dean or President's Leadership Council Member. Type of benefit-Charter travel: Travel on any private plane requires approval by the President's Office. Recipients of the benefit and tax treatment: First class or charter travel was provided to 17 persons listed on Form 990, Part VII, Section A in 2024. Of this first class or charter travel, none was reported as taxable compensation since a University business purpose was established for the travel.

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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 $698,255,626

Program Service Revenue $1,314,818,950

Investment Income $1,389,430,059

Other Revenue $16,171,441

TOTAL REVENUE $3,418,676,076

Expense Breakdown

Grants Paid $576,974,727

Salaries & Benefits $1,060,588,723

Fundraising Expenses $77,162,064

Program Expenses $2,008,475,603

Other Expenses $732,676,751

TOTAL EXPENSES $2,370,240,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,418,676,076	$3,322,133,874	+0.0%
Expenses	$2,370,240,201	$2,168,910,613	+0.1%
Net Income	$1,048,435,875	$1,153,223,261	-0.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

19482

Volunteers

2122

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

$8,702,441

Total Directors

$2,937,548

Key Employees

$4,394,903

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Robert A Dowd CSC MDiv PhD	President, Fellow & Trustee	40.0	Officer Director	$996,513	$21,247	$1,017,760
Anne E Thompson	Trustee	2.0	Director	$0	$0	$0
Byron O Spruell	Trustee	3.0	Director	$0	$0	$0
Carlos J Betancourt	Trustee	2.0	Director	$0	$0	$0
Catherine A Molnar	Trustee	2.0	Director	$0	$0	$0
Clare Stack Richer	Trustee	2.0	Director	$0	$0	$0
J Christopher Reyes	Trustee	3.0	Director	$0	$0	$0
James C Parsons	Trustee	2.0	Director	$0	$0	$0
James F Flaherty III	Fellow & Trustee	3.0	Director	$0	$0	$0
James J Dunne III	Trustee	3.0	Director	$0	$0	$0
Jennifer F Scanlon	Trustee	3.0	Director	$0	$0	$0
John B Veihmeyer	Fellow & Trustee	4.0	Director	$0	$0	$0
John J Brennan	Fellow & Trustee	2.0	Director	$0	$0	$0
John J Coyle	Trustee	2.0	Director	$0	$0	$0
Justin R Liu	Trustee	2.0	Director	$0	$0	$0
Karen McCartan DeSantis	Trustee	2.0	Director	$0	$0	$0
Kathryn A Koch	Trustee	2.0	Director	$0	$0	$0
Kenneth C Ricci	Trustee	3.0	Director	$0	$0	$0
Lois K Folger	Trustee	2.0	Director	$0	$0	$0
Martin W Rodgers	Trustee	2.0	Director	$0	$0	$0
Michael G O'Grady	Trustee	2.0	Director	$0	$0	$0
Nathan O Hatch	Trustee	2.0	Director	$0	$0	$0
Paulita A Pike	Trustee	2.0	Director	$0	$0	$0
Phyllis W Stone	Trustee	2.0	Director	$0	$0	$0
Raul R Romero	Trustee	2.0	Director	$0	$0	$0
Rev Daniel G Groody CSC MDiv PhD	VP & Associate Provost, Fellow & Trustee	40.0	Director	$433,927	$21,247	$455,174
Rev Gregory P Haake CSC MDiv PhD	Associate Professor, Fellow & Trustee	40.0	Director	$157,532	$21,247	$178,779
Rev John I Jenkins CSC PhD	Fellow & Trustee, Former President	40.0	Director	$1,174,889	$110,946	$1,285,835
Rev Jose E Ahumada F CSC	Trustee	2.0	Director	$0	$0	$0
Rev Thomas P Looney CSC	Fellow & Trustee	2.0	Director	$0	$0	$0
Rev William M Lies CSC	Fellow & Trustee	2.0	Director	$0	$0	$0
Ryan M McInerney	Trustee	2.0	Director	$0	$0	$0
Sara Martinez Tucker	Fellow & Trustee	3.0	Director	$0	$0	$0
Scott A Dahnke	Trustee	2.0	Director	$0	$0	$0
Shayla Keough Rumely	Fellow & Trustee	2.0	Director	$0	$0	$0
Stephanie A Gallo	Fellow & Trustee	3.0	Director	$0	$0	$0
Tanya M Kne	Trustee	2.0	Director	$0	$0	$0
Thomas G Maheras	Trustee	3.0	Director	$0	$0	$0
Tracy D Graham	Trustee	2.0	Director	$0	$0	$0
John T McGreevy PhD	Provost	40.0	Officer	$871,472	$131,980	$1,003,452
Marianne Corr JD	VP & General Counsel	40.0	Officer	$974,486	$48,272	$1,022,758
Shannon B Cullinan MBA	Executive Vice President	40.0	Officer	$1,956,209	$400,075	$2,356,284
Timothy W Dolezal CFA	VP & Chief Investment Officer (as of 7/1/2024)	40.0	Officer	$2,294,818	$1,007,369	$3,302,187
John B Swarbrick Jr JD	VP & Director of Athletics (until 3/24/24)	40.0	Key Emp	$1,769,853	$250,044	$2,019,897
Peter Bevacqua JD	VP & Director of Athletics (as of 3/25/24)	40.0	Key Emp	$2,011,661	$363,345	$2,375,006
Alfred J Golden	Defensive Coordinator, Football	40.0	Highest	$2,268,020	$63,862	$2,331,882
Marcus L Freeman	Head Coach, Football	40.0	Highest	$8,072,688	$65,260	$8,137,948
Micah W Shrewsberry	Head Coach, Men's Basketball	40.0	Highest	$2,237,057	$71,783	$2,308,840
Michael D Donovan JD MBA	VP & Chief Investment Officer (until 6/30/24)	40.0	Highest	$3,849,508	$44,251	$3,893,759
Michael F Denbrock	Offensive Coordinator, Football	40.0	Highest	$2,428,515	$62,947	$2,491,462

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	$3,418,676,076	$2,370,240,201	$29,638,395,911	$1,048,435,875
2024	$3,322,133,874	$2,168,910,613	$26,690,008,945	$1,153,223,261
2023	$2,590,868,335	$2,046,716,226	$24,762,525,400	$544,152,109
2022	$3,495,548,499	$1,883,298,833	$24,599,540,506	$1,612,249,666
2021	$3,514,539,733	$1,705,430,078	$26,263,144,687	$1,809,109,655
2020	$2,518,434,460	$1,689,125,624	$18,413,618,903	$829,308,836
2019	$2,147,367,576	$1,708,465,004	$17,343,365,261	$438,902,572
2018	$2,542,318,947	$1,679,035,974	$16,574,755,629	$863,282,973

University of Notre Dame du Lac