NORTH PARK UNIVERSITY

EIN: 361557840 501(c)(3) Education

CHICAGO, IL

Total Revenue
$102,582,608
Total Expenses
$104,311,197
Total Assets
$334,022,006
Net Assets
$252,697,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1891
Legal Domicile
IL
Principal Officer
MARY SURRIDGE
Phone
7732445710
Tax Period
2024-07-01 to 2025-06-30

NORTH PARK UNIVERSITY, founded in 1891, is a major nonprofit in the Education sector that reported $102.6M in total revenue in fiscal year 2024. Net assets of $252.7M represent 30 months of operating reserves.

Mission

NORTH PARK UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION. THE SCHOOL OFFERS OVER 65 UNDERGRADUATE DEGREE PROGRAMS AS WELL AS PRE-PROFESSIONAL AND CERTIFICATE PROGRAMS. (CONTINUED ON SCHEDULE O)OUR MISSION IS TO PREPARE STUDENTS FOR LIVES OF SIGNIFICANCE AND SERVICE THROUGH LIBERAL ARTS AND THEOLOGICAL STUDIES.

Program Service Accomplishments

Program 1
Expenses: $93,010,328 Revenue: $79,985,485

NORTH PARK UNIVERSITY PROVIDED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO APPROXIMATELY 2,500 STUDENTS DURING THE YEAR. OF THIS TOTAL, APPROXIMATELY 1,800 STUDENTS WERE UNDERGRADUATES AND 700 WERE...

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NORTH PARK UNIVERSITY PROVIDED UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO APPROXIMATELY 2,500 STUDENTS DURING THE YEAR. OF THIS TOTAL, APPROXIMATELY 1,800 STUDENTS WERE UNDERGRADUATES AND 700 WERE GRADUATE AND ADULT STUDENTS. THE UNIVERSITY OFFERED 42 UNDERGRADUATE DEGREE MAJORS PLUS 40 CONCENTRATIONS AND PRE-PROFESSIONAL PROGRAMS. THE UNIVERSITY ALSO OFFERED GRADUATE DEGREE PROGRAMS IN BUSINESS ADMINISTRATION, NURSING, EDUCATION, CLINICAL MENTAL HEALTH COUNSELING, MUSIC, AND THEOLOGY. IN ADDITION, THE UNIVERSITY ALSO PROVIDED RESIDENTIAL LIVING FOR APPROXIMATELY 800 STUDENTS.

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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 $13,562,292
Program Service Revenue $79,985,485
Investment Income $9,008,666
Other Revenue $26,165
TOTAL REVENUE $102,582,608

Expense Breakdown

Grants Paid $31,967,315
Salaries & Benefits $40,641,930
Fundraising Expenses $2,213,546
Program Expenses $93,010,328
Other Expenses $31,618,579
TOTAL EXPENSES $104,311,197

Year-over-Year Comparison

2024 2023 Change
Revenue $102,582,608 $95,145,860 +0.1%
Expenses $104,311,197 $97,897,609 +0.1%
Net Income $-1,728,589 $-2,751,749 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
24
Employees
1298
Volunteers
180

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
7
$820,757
Total Directors
28
$652,971
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY SURRIDGE PRESIDENT AND EX OFFICIO 40.00
Officer Director
$311,278 $97,552 $408,830
TAMMY SWANSON-DRAHEIM ECC PRESIDENT EX OFFICIO 5.00
Director
$0 $135,500 $244,141
DAVID OTFINOSKI CHAIR 5.00
Officer Director
$0 $0 $0
JAY CARSTENBROCK VICE CHAIR 5.00
Officer Director
$0 $0 $0
MARY C MILLER SECRETARY 5.00
Officer Director
$0 $0 $0
DAWN HELWIG TREASURER 5.00
Officer Director
$0 $0 $0
KAREN STEIN EEC EXEC BRD LIAISON 5.00
Director
$0 $0 $0
SALLY CARLSON TRUSTEE 5.00
Director
$0 $0 $0
SAM CHANG TRUSTEE 5.00
Director
$0 $0 $0
GREGORY CRAWFORD TRUSTEE 5.00
Director
$0 $0 $0
MARVIN CURTIS TRUSTEE 5.00
Director
$0 $0 $0
DAVID DWIGHT TRUSTEE 5.00
Director
$0 $0 $0
BETH FREDRICKSON TRUSTEE 5.00
Director
$0 $0 $0
REV DR CATHERINE GILLARD TRUSTEE 5.00
Director
$0 $0 $0
ARRIEL GRAY JR TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL HARPER TRUSTEE 5.00
Director
$0 $0 $0
DONNA HARRIS TRUSTEE 5.00
Director
$0 $0 $0
PAUL T JOHNSON TRUSTEE 5.00
Director
$0 $0 $0
GRICEL MEDINA TRUSTEE 5.00
Director
$0 $0 $0
PETER NELSON TRUSTEE 5.00
Director
$0 $0 $0
ERIN OLENICZAK TRUSTEE 5.00
Director
$0 $0 $0
AARON OLSEN TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINE ROSELL TRUSTEE 5.00
Director
$0 $0 $0
KRISTIAN WERLING TRUSTEE 5.00
Director
$0 $0 $0
ANN WIESBROCK TRUSTEE 5.00
Director
$0 $0 $0
DENNIS WOLFF TRUSTEE 5.00
Director
$0 $0 $0
CURTIS IVANHOFF TRUSTEE (PART YEAR) 5.00
Director
$0 $0 $0
MACIA JIMINEZ TRUSTEE (PART YEAR) 5.00
Director
$0 $0 $0
SCOTT STENMARK EXECUTIVE VP, CFO 40.00
Officer
$194,604 $42,870 $237,474
ALLISON VALENTIN DIRECTOR OF FINANCE 40.00
Officer
$156,336 $18,117 $174,453
ANTHONY SCOLA VP ENROLLMENT MGT 40.00
Highest
$207,408 $51,499 $258,907
MICHAEL CARR PROVOST 40.00
Highest
$216,598 $40,800 $257,398
FRANCISCO X GAYTAN VP FOR STUDENT ENGAGEMENT 40.00
Highest
$183,192 $48,916 $232,108
MICHAEL NEVERGALL VP ADVANCEMENT 40.00
Highest
$180,238 $43,488 $223,726
DENNIS EDWARDS VP OF CHURCH RELATIONS 40.00
Highest
$145,376 $38,469 $183,845
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 $102,582,608 $104,311,197 $334,022,006 $-1,728,589
2024 No data No data No data No data
2023 $91,766,057 $95,413,706 $324,072,745 $-3,647,649
2022 $81,966,278 $91,516,179 $326,942,477 $-9,549,901
2022 $81,966,278 $91,516,179 $326,942,477 $-9,549,901
2021 $94,494,659 $92,946,219 $342,334,574 $1,548,440
2020 $92,534,349 $97,612,488 $307,400,947 $-5,078,139
2019 $91,665,050 $95,408,365 $312,655,255 $-3,743,315
2018 $94,442,905 $85,997,823 $307,508,227 $8,445,082
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