Roosevelt University (EIN 362167854) - 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

1945

Legal Domicile

Phone

3123413580

Tax Period

2023-09-01 to 2024-08-31

Roosevelt University, founded in 1945, is a major nonprofit that reported $130.4M in total revenue in fiscal year 2023. Expenses of $144.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

ROOSEVELT UNIVERSITY IS NATIONALLY RECOGNIZED AS A CATALYST FOR STUDENTS TO RECEIVE TRANSFORMATIONAL LEARNING EXPERIENCES THROUGH THE EFFORTS OF A STRONG FACULTY DEDICATED TO EXCELLENCE IN TEACHING, RESEARCH, AND CREATIVE ACTIVITY AND A STAFF EQUALLY FOCUSED ON HELPING STUDENTS GROW AND ACHIEVE THEIR EDUCATIONAL/LIFE GOALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,557,218

Program Service Revenue $113,698,925

Investment Income $6,053,190

Other Revenue $-948,878

TOTAL REVENUE $130,360,455

Expense Breakdown

Grants Paid $33,924,891

Salaries & Benefits $54,752,407

Fundraising Expenses $3,316,033

Program Expenses $127,880,702

Other Expenses $55,783,573

TOTAL EXPENSES $144,460,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,360,455	$131,830,306	0.0%
Expenses	$144,460,871	$154,382,202	-0.1%
Net Income	$-14,100,416	$-22,551,896	-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

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

1689

Volunteers

143

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

$1,432,419

Total Directors

$1,518,550

Key Employees

$727,026

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ALI R MALEKZADEH	PRESIDENT & CEO	38.0	Officer Director	$882,736	$57,056	$939,792
JAMES B CONNOR	TRUSTEE - CHAIR UNTIL JUNE 2024	1.0	Officer Director	$0	$0	$0
JC GONZALEZ-MENDEZ	TRUSTEE - CHAIR STARTING JULY 2024	1.0	Officer Director	$0	$0	$0
TERRY PETERSON	TRUSTEE - SECRETARY	1.0	Officer Director	$0	$0	$0
VALERIE BARKER-WALLER	TRUSTEE - VICE CHAIR STARTING jUNE 2024	1.0	Officer Director	$0	$0	$0
VICKI FULLER	TRUSTEE - VICE CHAIR UNTIL MARCH 2024	1.0	Officer Director	$0	$0	$0
ANN FORD	TRUSTEE	1.0	Director	$0	$0	$0
ANNA E ROOSEVELT	LIFE TRUSTEE	1.0	Director	$0	$0	$0
BRUCE A CROWN	TRUSTEE	1.0	Director	$0	$0	$0
CELESTE C CHAMBERLAND	TRUSTEE STARTING SEPTEMBER 2023	38.0	Director	$68,665	$12,058	$80,723
CHARLES R GARDNER	LIFE TRUSTEE	1.0	Director	$0	$0	$0
DAVID D HILLER	LIFE TRUSTEE	1.0	Director	$0	$0	$0
DONALD HUNT	LIFE TRUSTEE	1.0	Director	$0	$0	$0
DR CAROLYN WILEY	TRUSTEE	38.0	Director	$133,942	$11,984	$145,926
DR JASON VAL G ALEGRO	TRUSTEE UNTIL DECEMBER 2024	38.0	Director	$125,764	$7,467	$133,231
DR JILL M COLEMAN	TRUSTEE	38.0	Director	$86,088	$12,591	$98,679
DR STEPHEN J CERRONE	TRUSTEE	1.0	Director	$0	$0	$0
ELIZABETH CONNOLLY	TRUSTEE STARTING SEPTEMBER 2023	1.0	Director	$0	$0	$0
GERALD W FOGELSON	LIFE TRUSTEE	1.0	Director	$0	$0	$0
JAIME DI PAULO	TRUSTEE	1.0	Director	$0	$0	$0
JAMES IORIO	TRUSTEE	38.0	Director	$77,074	$33,974	$111,048
JOE F HANAUER	LIFE TRUSTEE	1.0	Director	$0	$0	$0
JOHN O KESHNER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN R HALL III	TRUSTEE	1.0	Director	$0	$0	$0
JON CHERRY	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
JORGE GUTIERREZ	TRUSTEE Until June 2024	1.0	Director	$0	$0	$0
JOSEPH A PASQUINELLI	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH NOCERA	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH YACULLO	TRUSTEE	1.0	Director	$0	$0	$0
JOYCE E TUCKER	TRUSTEE	1.0	Director	$0	$0	$0
KAI ZHAO	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
LARISSA HERCZEG	TRUSTEE	1.0	Director	$0	$0	$0
MAGGIE A WALKER	TRUSTEE STARTING JULY 2023	18.0	Director	$9,151	$0	$9,151
MAREK A WIERZBA	TRUSTEE	1.0	Director	$0	$0	$0
MARIA DOUGHTY	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
MELVIN L KATTEN	LIFE TRUSTEE	1.0	Director	$0	$0	$0
MEME HOPMAYER	LIFE TRUSTEE	1.0	Director	$0	$0	$0
PATRICIA HARRIS	LIFE TRUSTEE	1.0	Director	$0	$0	$0
RASHAD ROBISON	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
RENEE LOGAN	LIFE TRUSTEE	1.0	Director	$0	$0	$0
ROBERT JOHNSON	LIFE TRUSTEE	1.0	Director	$0	$0	$0
ROBERT MEDNICK	LIFE TRUSTEE	1.0	Director	$0	$0	$0
ROBERT Y PADDOCK	TRUSTEE	1.0	Director	$0	$0	$0
SARAH GUERNSEY	TRUSTEE	1.0	Director	$0	$0	$0
SEAN ESHAGHY	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
SHARON BUSH	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN H ABBEY	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS GLADDEN	TRUSTEE UNTIL JANUARY 2024	1.0	Director	$0	$0	$0
THOMAS K HYATT	TRUSTEE	1.0	Director	$0	$0	$0
UFUOMA C ABIOLA	TRUSTEE STARTING JUNE 2024	1.0	Director	$0	$0	$0
ARLENE R REGNERUS	VP FINANCE/ADMIN CFO/TREASURER	38.0	Officer	$247,529	$11,546	$259,075
DR MICHAEL D FORD	CHIEF OF STAFF- SECRETARY	38.0	Officer	$225,900	$7,652	$233,552
ANDRAE MARAK	PROVOST/EXEC VP OF ACADEMIC AFFAIRS Until March 2024	38.0	Key Emp	$261,781	$787	$262,568
MICHAEL T MALY	INTERIM PROVOST STARTING APRIL 2024	38.0	Key Emp	$160,176	$26,518	$186,694
NICOLE M BARRON	VP ENROLLLMENT ADVANCEMT AND MKTG	38.0	Key Emp	$242,517	$35,247	$277,764
COLLETE ENGLISH DIXON	EXEC DIR BENNETT INST RE	38.0	Highest	$207,544	$28,065	$235,609
DR KELLY WENTZ-HUNTER	CO DEAN COLLEGE OF SCIENCE HEALTH PHARMACY	38.0	Highest	$203,863	$21,245	$225,108
DR MELISSA L HOGAN	CO-DEAN COLLEGE OF SCIENCE HEALTH PHARMACY	38.0	Highest	$222,494	$22,775	$245,269
MICHAEL JON CASSIDY	VICE PRESDENT OF ATHLETICS	38.0	Highest	$215,542	$34,888	$250,430
NEERAJ KUMAR	VP INFO TECH AND CIO	38.0	Highest	$219,811	$38,768	$258,579
DR ASGHAR SABBAGHI	FORMER DEAN HELLER COLLEGE OF BUSINESS	0.0		$200,133	$26,166	$226,299
RYAN J PETTY	FORMER DEAN HELLER COLLEGE OF BUSINESS	0.0		$182,253	$11,008	$193,261

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
2024	$130,360,455	$144,460,871	$393,305,412	$-14,100,416
2023	$131,830,306	$154,382,202	$395,467,214	$-22,551,896
2022	$156,710,679	$164,539,272	$404,594,683	$-7,828,593
2021	$160,424,797	$161,499,718	$461,911,353	$-1,074,921
2020	$144,317,728	$155,228,283	$451,950,632	$-10,910,555
2019	$151,922,357	$150,153,060	$422,474,684	$1,769,297
2018	$138,465,214	$157,165,891	$408,866,962	$-18,700,677

Roosevelt University