National Louis University

EIN: 362167804 501(c)(3) Education

CHICAGO, IL

Total Revenue
$156,241,774
Total Expenses
$139,864,549
Total Assets
$204,585,293
Net Assets
$143,921,046
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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
1912
Legal Domicile
IL
Phone
8479475580
Tax Period
2024-07-01 to 2025-06-30

National Louis University, founded in 1912, is a major nonprofit in the Education sector that reported $156.2M in total revenue in fiscal year 2024. Expenses of $139.9M left a modest 10% surplus.

Mission

NLU IS AN INCLUSIVE COMMUNITY PROVIDING EDUCATIONAL OPPORTUNITIES TO INSPIRE & EMPOWER LEARNERS TO PREPARE FOR & ADVANCE IN MEANINGFUL LIVES AND PRODUCTIVE CAREERS.

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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 $18,686,339
Program Service Revenue $129,776,102
Investment Income $6,436,244
Other Revenue $1,343,089
TOTAL REVENUE $156,241,774

Expense Breakdown

Grants Paid $9,542,723
Salaries & Benefits $89,761,438
Fundraising Expenses $1,801,801
Program Expenses $126,463,117
Other Expenses $40,560,388
TOTAL EXPENSES $139,864,549

Year-over-Year Comparison

2024 2023 Change
Revenue $156,241,774 $146,280,572 +0.1%
Expenses $139,864,549 $129,947,897 +0.1%
Net Income $16,377,225 $16,332,675 +0.0%
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

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Governance

Voting Members
19
Independent Members
19
Employees
1912
Volunteers
19

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
4
$1,557,635
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA SAENZ TRUSTEE 1.0
Director
$0 $0 $0
BRUCE HAMPTON TRUSTEE 1.0
Director
$0 $0 $0
CELENA SARILLO TRUSTEE 1.0
Director
$0 $0 $0
CORNELIUS GRIGGS TRUSTEE 1.0
Director
$0 $0 $0
IAN G ROSS TRUSTEE, CHAIR OF THE BOARD 4.0
Director
$0 $0 $0
J MICHAEL LOCKE TRUSTEE 1.0
Director
$0 $0 $0
JACK D FURST TRUSTEE 1.0
Director
$0 $0 $0
JAMES A FLOYD JR TRUSTEE 1.0
Director
$0 $0 $0
JUAN C AVILA TRUSTEE 1.0
Director
$0 $0 $0
JULIE CHAVEZ TRUSTEE 1.0
Director
$0 $0 $0
JUSTIN T MARQUARDT TRUSTEE 1.0
Director
$0 $0 $0
LOUISE L PERRIN TRUSTEE 1.0
Director
$0 $0 $0
MICHELLE L COLLINS TRUSTEE 4.0
Director
$0 $0 $0
NATASHA GALAVOTTI TRUSTEE 1.0
Director
$0 $0 $0
OLIVER R MERRILL TRUSTEE 1.0
Director
$0 $0 $0
PENNY BROWN TRUSTEE 1.0
Director
$0 $0 $0
PETER A KADENS TRUSTEE 1.0
Director
$0 $0 $0
PETER B CHERECWICH TRUSTEE 1.0
Director
$0 $0 $0
THOMAS J FORMOLO TRUSTEE 1.0
Director
$0 $0 $0
DIANE TRAUSCH SEC. AND DIR. OF BOARD RELATIONS 50.0
Officer
$94,349 $30,774 $125,123
EDDIE PHILLIPS PROVOST 50.0
Officer
$336,103 $17,574 $353,677
MARTY MICKEY TREASURER AND VP, FINANCE 50.0
Officer
$226,818 $59,587 $286,405
NIVINE MEGAHED PRESIDENT 50.0
Officer
$643,552 $148,878 $792,430
CAROLYN THEARD-GRIGGS DEAN OF NCE 50.0
Highest
$202,808 $43,114 $245,922
CHRISTOPHER CHANTSON VP, INSTITUTIONAL ADVANCEMENT 50.0
Highest
$207,491 $22,364 $229,855
John Mazariegos Executive Director of Information Security 50.0
Highest
$220,629 $18,970 $239,599
RICHARD YACONIS VP. ENROLLMENT AND MARKETING 50.0
Highest
$239,433 $36,127 $275,560
THOMAS BERGMANN VP, HUMAN RESOURCES 50.0
Highest
$216,489 $14,470 $230,959
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 $156,241,774 $139,864,549 $204,585,293 $16,377,225
2024 $146,280,572 $129,947,897 $164,911,952 $16,332,675
2023 $126,764,374 $118,455,086 $142,929,184 $8,309,288
2022 $126,590,535 $118,898,815 $128,972,894 $7,691,720
2021 $119,085,246 $109,098,316 $128,373,354 $9,986,930
2020 $106,612,959 $103,368,591 $111,711,059 $3,244,368
2019 $97,503,001 $96,838,836 $109,741,867 $664,165
2018 $77,354,812 $74,471,675 $92,450,961 $2,883,137
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