ELMHURST UNIVERSITY

EIN: 362169145 501(c)(3)

ELMHURST, IL

Total Revenue
$177,676,351
Total Expenses
$153,249,599
Total Assets
$336,620,094
Net Assets
$247,996,386
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
IL
Principal Officer
DR TROY VANAKEN
Phone
6306173400
Tax Period
2024-07-01 to 2025-06-30

ELMHURST UNIVERSITY, founded in 1942, is a major nonprofit that reported $177.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $153.2M left a modest 14% surplus.

Mission

ELMHURST UNIVERSITY INSPIRES INTELLECTUAL AND PERSONAL GROWTH IN OUR (CONTINUED IN SCHEDULE O) STUDENTS, PREPARING THEM FOR MEANINGFUL AND ETHICAL CONTRIBUTIONS TO A DIVERSE, GLOBAL SOCIETY.FORM 990, PART V, LINE 1A:THE TOTAL ON THIS LINE DOES NOT INCLUDE 4,808 FORM 1098-T'S, WHICH THE UNIVERSITY IS REQUIRED TO FILE WITH THE IRS AND PROVIDE TO ITS U.S. PERSON 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 $24,493,869
Program Service Revenue $145,060,720
Investment Income $7,202,846
Other Revenue $918,916
TOTAL REVENUE $177,676,351

Expense Breakdown

Grants Paid $71,530,988
Salaries & Benefits $53,311,204
Fundraising Expenses $1,205,469
Program Expenses $131,618,017
Other Expenses $28,407,407
TOTAL EXPENSES $153,249,599

Year-over-Year Comparison

2024 2023 Change
Revenue $177,676,351 $152,631,420 +0.2%
Expenses $153,249,599 $145,599,853 +0.1%
Net Income $24,426,752 $7,031,567 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
40
Independent Members
39
Employees
1739
Volunteers
223

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
5
$1,413,664
Total Directors
40
$820,071
Key Employees
2
$507,617
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR TROY D VANAKEN PRESIDENT 50.00
Officer Director
$665,205 $154,866 $820,071
HUGH H MCLEAN CHAIR 2.00
Officer Director
$0 $0 $0
JULIUS WESLEY BECTON III VICE CHAIR 2.00
Officer Director
$0 $0 $0
SERGIO E ACOSTA TRUSTEE 1.00
Director
$0 $0 $0
LESLIE BANKS TRUSTEE 1.00
Director
$0 $0 $0
BRIAN BLAHA TRUSTEE 2.00
Director
$0 $0 $0
MARY SCHALLER BLAUFUSS TRUSTEE 1.00
Director
$0 $0 $0
SUSAN BOWERS TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM CANADY TRUSTEE EMERITI 2.00
Director
$0 $0 $0
FRANK CERRONE TRUSTEE 1.00
Director
$0 $0 $0
SARAH CLARIN TRUSTEE 1.00
Director
$0 $0 $0
JULIE CURRAN TRUSTEE 2.00
Director
$0 $0 $0
KENT T DAHLGREN TRUSTEE 2.00
Director
$0 $0 $0
DR CATHY DOUCETTE TRUSTEE 1.00
Director
$0 $0 $0
LIZ DUDEK TRUSTEE 2.00
Director
$0 $0 $0
MARICELA GUZMAN TRUSTEE 2.00
Director
$0 $0 $0
L BERNARD JAKES TRUSTEE 1.00
Director
$0 $0 $0
STEVEN JEMISON TRUSTEE 1.00
Director
$0 $0 $0
RAJEEV KHANNA TRUSTEE 1.00
Director
$0 $0 $0
GRANT KIEF TRUSTEE 1.00
Director
$0 $0 $0
ALFRED N KOPLIN TRUSTEE 2.00
Director
$0 $0 $0
MICHELLE LANTER SMITH TRUSTEE 1.00
Director
$0 $0 $0
BARBARA J LUCKS TRUSTEE 1.00
Director
$0 $0 $0
JOANN M MCGUINESS TRUSTEE 1.00
Director
$0 $0 $0
EDWARD J MOMKUS TRUSTEE 2.00
Director
$0 $0 $0
JUDY MORLEY TRUSTEE 1.00
Director
$0 $0 $0
DAVID MOULTHROP TRUSTEE 2.00
Director
$0 $0 $0
BILL NELSON TRUSTEE 2.00
Director
$0 $0 $0
JUDITH A PAICE TRUSTEE 2.00
Director
$0 $0 $0
PAULA PFORZHEIMER TRUSTEE 2.00
Director
$0 $0 $0
ROSIE PHILLIPS DAVIS TRUSTEE 1.00
Director
$0 $0 $0
VIRGINIA PORCHASKA TRUSTEE 2.00
Director
$0 $0 $0
HAROLD RICE TRUSTEE 1.00
Director
$0 $0 $0
NATHAN RICHEY TRUSTEE 1.00
Director
$0 $0 $0
FRANK RUFFOLO TRUSTEE 2.00
Director
$0 $0 $0
EVA W TAMELING TRUSTEE 2.00
Director
$0 $0 $0
REV ROBERT O ULLMAN TRUSTEE 2.00
Director
$0 $0 $0
JOAN VILIM TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL WAGNER TRUSTEE 2.00
Director
$0 $0 $0
THE HONORABLE KEVIN L YORK TRUSTEE 1.00
Director
$0 $0 $0
KURT ASHLEY VP IO (THRU 5/25) VP FIN (AS OF 6/25) 50.00
Officer
$233,860 $53,112 $286,972
JULIE SUDERMAN VP OF FINANCE (THRU 12/2024) 50.00
Officer
$244,005 $62,616 $306,621
DEAN PRIBBENOW VP ACADEMIC AFFAIRS 50.00
Key Emp
$207,853 $44,453 $252,306
PHILLIP RIORDAN VP STUDENT AFFAIRS 50.00
Key Emp
$196,289 $59,022 $255,311
SIAW-PENG WAN PROFESSOR OF BUSINESS ADMINISTRATION 50.00
Highest
$157,271 $30,925 $188,196
DIANE SALVADOR EXECUTIVE DIRECTOR OF NURSING 50.00
Highest
$202,913 $23,646 $226,559
BRUCE KING VP, EQUITY & INCLUSION (THRU 06/2024) 50.00
Highest
$189,922 $25,758 $215,680
CHRISTINE GRENIER VP ADMISSIONS 50.00
Highest
$195,974 $15,336 $211,310
DEBRA LUKEHART EXEC. DIR. OF MKTNG & COMMUNICATION 50.00
Highest
$162,421 $26,050 $188,471
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 $177,676,351 $153,249,599 $336,620,094 $24,426,752
2024 No data No data No data No data
2023 $139,557,739 $134,973,225 $283,436,648 $4,584,514
2022 $145,021,170 $130,772,602 $261,735,880 $14,248,568
2021 $147,092,128 $125,111,803 $252,544,326 $21,980,325
2020 $134,052,268 $122,417,804 $201,048,408 $11,634,464
2019 $131,899,127 $119,488,765 $201,127,798 $12,410,362
2018 $125,694,812 $117,499,432 $188,662,047 $8,195,380
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