Walsh College of Accountancy & Business Administration (EIN 381308480) - 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

1922

Legal Domicile

Phone

2486898282

Tax Period

2024-09-01 to 2025-08-31

Walsh College of Accountancy & Business Administration, founded in 1922, is a mid-sized nonprofit in the Education sector that reported $20.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $19.4M left a modest 4% surplus.

Mission

PROVIDES A TRANSFORMATIVE BUSINESS AND TECHNOLOGY EDUCATION THAT COMBINES THEORY, APPLICATION, AND PROFESSIONAL EXPERIENCE TO PREPARE GRADUATES FOR SUCCESSFUL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,375,484

Program Service Revenue $17,282,667

Investment Income $479,160

Other Revenue $0

TOTAL REVENUE $20,137,311

Expense Breakdown

Grants Paid $1,339,688

Salaries & Benefits $10,149,122

Fundraising Expenses $428,506

Program Expenses $16,050,958

Other Expenses $7,941,596

TOTAL EXPENSES $19,430,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,137,311	$17,230,490	+0.2%
Expenses	$19,430,406	$21,477,588	-0.1%
Net Income	$706,905	$-4,247,098	-1.2%

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

219

Volunteers

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

$1,155,497

Total Directors

$336,298

Key Employees

$194,306

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID J PETOSKEY	TRUSTEE/CHAIR	0.3	Officer Director	$0	$0	$0
LOUIS C SCHMIDT JR	TRUSTEE/VICE CHAIR	0.3	Officer Director	$0	$0	$0
SUZANNE SIEGLE	PRESIDENT & CEO	37.5	Officer Director	$311,498	$24,800	$336,298
BRIAN PILARSKI	TRUSTEE	0.3	Director	$0	$0	$0
DAVID C LEWIS SR	TRUSTEE	0.3	Director	$0	$0	$0
GERALD SCHAFER	TRUSTEE	0.3	Director	$0	$0	$0
MICHAEL J PLOTZKE	TRUSTEE	0.3	Director	$0	$0	$0
MICHELLE ACCIAVATTI	TRUSTEE	0.3	Director	$0	$0	$0
DAVE SCHIPPERS	PROVOST & CHIEF OFFICER, ACADEMICS	37.5	Officer	$274,599	$39,956	$314,555
JACLYN PUMMILL	CHIEF OFFICER, PEOPLE OPERATIONS & STRATEGY	37.5	Officer	$168,229	$23,245	$191,474
JOEY LYNN BIALKOWSKI	CHIEF OFFICER, ENROLLMENT, MARKETING, AND STUDENT SUCCESS	37.5	Officer	$64,076	$4,250	$68,326
TOM PETZ	CHIEF OPERATING OFFICER (LEFT 09/2024)	37.5	Officer	$206,961	$37,883	$244,844
ERIK JOHN VANDYCK	VICE PRESIDENT, CORPORATE ENGAGEMENT	37.5	Key Emp	$157,548	$36,758	$194,306
CHRISTOPHER MICHAEL HEIDEN	ASSOCIATE PROFESSOR INFORMATION TECHNOLOGY	37.5	Highest	$230,388	$53,361	$283,749
JOHN A MOORE	PROFESSOR FACULTY CHAIR ACCO	37.5	Highest	$197,803	$28,021	$225,824
MARIA ANN GISTINGER	PROFESSOR ACCOUNTING FACULTY	37.5	Highest	$212,772	$35,828	$248,600
MICHAEL A RINKUS	PROFESSOR FINANCE FACULTY	37.5	Highest	$167,415	$36,918	$204,333
WILLIAM MICHAEL GRESHAK	PROFESSOR FINANCE FACULTY	37.5	Highest	$162,511	$31,636	$194,147

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	$20,137,311	$19,430,406	$47,424,476	$706,905
2024	$17,230,490	$21,477,588	$47,145,742	$-4,247,098
2023	$20,850,965	$23,356,960	$60,546,931	$-2,505,995
2022	$23,383,716	$23,650,490	$63,204,897	$-266,774
2021	$27,018,662	$25,582,138	$70,657,033	$1,436,524
2020	$24,591,069	$28,595,162	$67,204,250	$-4,004,093
2019	$25,633,122	$27,251,079	$67,430,996	$-1,617,957
2018	$30,617,386	$28,497,214	$70,397,032	$2,120,172

Walsh College of Accountancy & Business Administration