ILLINOIS WESLEYAN UNIVERSITY

EIN: 370662594 501(c)(3) Education

BLOOMINGTON, IL

Total Revenue
$66,128,003
Total Expenses
$77,950,182
Total Assets
$436,309,632
Net Assets
$328,133,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1850
Legal Domicile
IL
Principal Officer
CRAIG MAYNARD
Phone
3095563021
Tax Period
2023-08-01 to 2024-07-31

ILLINOIS WESLEYAN UNIVERSITY, founded in 1850, is a mid-sized nonprofit in the Education sector that reported $68.2M in total revenue in fiscal year 2017. Expenses of $75.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE UNIVERSITY STRIVES TO ATTAIN THE IDEAL OF A LIBERAL ARTS EDUCATION WHILE PROVIDING UNIQUE OPPORTUNITIES WITH ITS DISTINCTIVE CURRICULA AND PROGRAMS. A LIBERAL ARTS EDUCATION FOSTERS CREATIVITY, CRITICAL THINKING, EFFECTIVE COMMUNICATION, STRENGTH OF CHARACTER AND A SPIRIT OF INQUIRY; IT DEEPENS THE SPECIALIZED KNOWLEDGE OF A DISCIPLINE WITH A COMPREHENSIVE WORLD VIEW.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,848,160
Program Service Revenue $49,351,391
Investment Income $1,929,546
Other Revenue $-1,094
TOTAL REVENUE $66,128,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,582,872
Fundraising Expenses $0
Program Expenses $74,236,659
Other Expenses $40,367,310
TOTAL EXPENSES $77,950,182

Year-over-Year Comparison

2023 2022 Change
Revenue $66,128,003 $61,897,510 +0.1%
Expenses $77,950,182 $76,677,351 +0.0%
Net Income $-11,822,179 $-14,779,841 -0.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
39
Independent Members
38
Employees
1705
Volunteers
600

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
10
$1,250,425
Total Directors
42
$497,145
Key Employees
4
$840,195
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY SZERLONG CHAIR 2.00
Officer Director
$0 $0 $0
JOHN DICKENS VICE CHAIR 2.00
Officer Director
$0 $0 $0
THOMAS LAWRENCE VICE CHAIR 2.00
Officer Director
$0 $0 $0
EDWARD RUST JR VICE CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT ZIMMERMANN TREASURER 2.00
Officer Director
$0 $0 $0
HERBERT GETZ SECRETARY 2.00
Officer Director
$0 $0 $0
ROD ADAMS TRUSTEE 2.00
Director
$0 $0 $0
RICHARD AMES TRUSTEE 2.00
Director
$0 $0 $0
PHYLLIS BARKER TRUSTEE 2.00
Director
$0 $0 $0
FRANK BEARD TRUSTEE 2.00
Director
$0 $0 $0
DIRK BEHRENDS TRUSTEE 2.00
Director
$0 $0 $0
ERIC BIEBER TRUSTEE (FROM 05/24) 2.00
Director
$0 $0 $0
MICHAEL CLARK TRUSTEE 2.00
Director
$0 $0 $0
MARK DENZLER TRUSTEE 2.00
Director
$0 $0 $0
STEVEN DUDASH TRUSTEE 2.00
Director
$0 $0 $0
ANN MARQUIS FISHER TRUSTEE 2.00
Director
$0 $0 $0
RONALD GREENE TRUSTEE 2.00
Director
$0 $0 $0
DEON HORNSBY TRUSTEE 2.00
Director
$0 $0 $0
JOHN HORTON TRUSTEE 2.00
Director
$0 $0 $0
MARK ISRAEL TRUSTEE 2.00
Director
$0 $0 $0
JIM JOSLIN TRUSTEE 2.00
Director
$0 $0 $0
COLLEEN KANNADAY TRUSTEE 2.00
Director
$0 $0 $0
DANIELLE KAYS TRUSTEE 2.00
Director
$0 $0 $0
KATHY LAREY LEWTON TRUSTEE 2.00
Director
$0 $0 $0
THOMAS MCKINNEY TRUSTEE 2.00
Director
$0 $0 $0
LEAH MERRIFIELD TRUSTEE 2.00
Director
$0 $0 $0
SUNDEEP MULLANGI TRUSTEE 2.00
Director
$0 $0 $0
THOMAS NEIS TRUSTEE 2.00
Director
$0 $0 $0
LAURA RANDOLPH TRUSTEE 2.00
Director
$0 $0 $0
MARTINA SCANLAN TRUSTEE 2.00
Director
$0 $0 $0
COREY SCHIELER TRUSTEE 2.00
Director
$0 $0 $0
ANDY SHIRK TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY STERLING TRUSTEE 2.00
Director
$0 $0 $0
MARC TALLUTO TRUSTEE 2.00
Director
$0 $0 $0
DERRICK TILLMAN-KELLY TRUSTEE 2.00
Director
$0 $0 $0
STEVEN WANNEMACHER TRUSTEE 2.00
Director
$0 $0 $0
STEPHANIE WHYTE TRUSTEE 2.00
Director
$0 $0 $0
JOSH YOUNT TRUSTEE 2.00
Director
$0 $0 $0
S GEORGIA NUGENT PRESIDENT 40.00
Officer Director
$450,000 $47,145 $497,145
STEPHEN ONDRA TRUSTEE (THRU 05/24) 2.00
Director
$0 $0 $0
GEORGE VINYARD TRUSTEE (THRU 05/24) 2.00
Director
$0 $0 $0
JILL YORK TRUSTEE (THRU 05/24) 2.00
Director
$0 $0 $0
GINA MANDROS VP ADVANCEMENT 40.00
Officer
$210,808 $48,889 $259,697
MARK BRODL PROVOST 40.00
Officer
$213,303 $36,540 $249,843
STEVEN SEIBRING VP EXTERNAL RELATIONSHIPS 40.00
Officer
$208,100 $35,640 $243,740
LEANN HUGHES VP ENROLLMENT & MARKETING 40.00
Key Emp
$189,492 $47,553 $237,045
JOHN QUARTON DIRECTOR PETRICK IDEA CENTER 40.00
Key Emp
$173,400 $38,793 $212,193
AMBER KUJATH PROFESSOR DIRECTOR OF NURSING 40.00
Key Emp
$164,144 $33,758 $197,902
KARLA CARNEY-HALL VP STUDENT AFFAIRS 40.00
Key Emp
$160,391 $32,664 $193,055
CYNTHIA LOTZ DIRECTOR OF HR 40.00
Highest
$140,020 $29,511 $169,531
JAMES BLUMBERG DIRECTOR OF PHYSICAL PLANT 40.00
Highest
$130,040 $40,305 $170,345
NARENDRA JAGGI PHYSICS PROFESSOR 40.00
Highest
$129,883 $30,567 $160,450
MICHAEL WAGNER ATHLETIC DIRECTOR 40.00
Highest
$125,931 $30,264 $156,195
MICHAEL THOMPSON ASSOCIATE VP INSTITUTIONAL EFFECTIVENESS 40.00
Highest
$120,216 $37,405 $157,621
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 $66,128,003 $77,950,182 $436,309,632 $-11,822,179
2023 $61,897,510 $76,677,351 $425,289,918 $-14,779,841
2022 $81,766,269 $70,495,801 $432,672,024 $11,270,468
2021 $142,868,777 $67,728,730 $439,789,641 $75,140,047
2020 $72,297,405 $70,648,924 $377,291,473 $1,648,481
2019 $74,052,550 $76,879,835 $376,723,932 $-2,827,285
2018 $68,166,368 $75,658,407 $381,150,421 $-7,492,039
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