Madonna University (EIN 381498763) - 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

1937

Legal Domicile

Phone

7344325391

Tax Period

2023-07-01 to 2024-06-30

Madonna University, founded in 1937, is a mid-sized nonprofit in the Education sector that reported $57.5M in total revenue in fiscal year 2023.

Mission

THE MISSION OF MADONNA UNIVERSITY, A CATHOLIC AND FRANCISCAN INSTITUTION OF HIGHER LEARNING, IS TO INSTILL IN ITS STUDENTS CHRISTIAN HUMANISTIC VALUES, INTELLECTUAL INQUIRY, A RESPECT FOR DIVERSITY, AND A COMMITMENT TO SERVING OTHERS THROUGH A LIBERAL ARTS EDUCATION, INTEGRATED WITH CAREER PREPARATION, AND BASED ON THE TRUTHS AND PRINCIPLES RECOGNIZED WITHIN THE CATHOLIC TRADITION.

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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 $2,015,133

Program Service Revenue $49,331,126

Investment Income $5,868,007

Other Revenue $242,690

TOTAL REVENUE $57,456,956

Expense Breakdown

Grants Paid $15,219,417

Salaries & Benefits $23,379,050

Fundraising Expenses $1,241,424

Program Expenses $57,233,375

Other Expenses $23,770,618

TOTAL EXPENSES $62,369,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,456,956	$54,779,071	+0.0%
Expenses	$62,369,085	$63,453,664	0.0%
Net Income	$-4,912,129	$-8,674,593	-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

869

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

$657,818

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Rudolph	Secretary & Treasurer	1.0	Officer Director	$0	$0	$0
Aquinas Szott CSSF	Trustee	1.0	Officer Director	$0	$0	$0
David J Boyd	Chair	1.0	Officer Director	$0	$0	$0
Michael Obloy	Vice Chair	1.0	Officer Director	$0	$0	$0
Bishop Donald Hanchon	Trustee	1.0	Director	$0	$0	$0
Francis Berkemeier	Trustee	1.0	Director	$0	$0	$0
Jim Woodworth	Trustee	1.0	Director	$0	$0	$0
Maria Holmes	Trustee	1.0	Director	$0	$0	$0
Roch McClain	Trustee	1.0	Director	$0	$0	$0
Rodney Patterson	Trustee	1.0	Director	$0	$0	$0
Scott Seabolt	Trustee	1.0	Director	$0	$0	$0
Stella Evavgelista	Trustee	1.0	Director	$0	$0	$0
Steven Harte	Trustee	1.0	Director	$0	$0	$0
Timothy Turner	Trustee	1.0	Director	$0	$0	$0
Christine Benson	Vice President Student Affairs	40.0	Officer	$112,061	$4,391	$116,452
Christopher Dougherty START 0723	President	40.0	Officer	$187,921	$16,550	$204,471
Deborah Dunn	Provost/VP Academic Administration	40.0	Officer	$198,717	$6,810	$205,527
Matthew Rheinecker	Vice President Advancement	40.0	Officer	$104,303	$27,065	$131,368
Elizabeth Prough	Adjunct Professor	40.0	Highest	$111,132	$21,310	$132,442
Karen Obsniuk	Dean	40.0	Highest	$107,382	$11,485	$118,867
Tara Kane	Adjunct Associate Professor	40.0	Highest	$141,627	$6,231	$147,858
Ian Day Left 0623	President	40.0		$177,969	$5,928	$183,897

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	No data	No data	No data	No data
2024	$57,456,956	$62,369,085	$116,890,556	$-4,912,129
2023	$54,779,071	$63,453,664	$128,650,098	$-8,674,593
2022	$60,810,151	$64,703,596	$129,005,602	$-3,893,445
2021	$64,155,252	$63,070,361	$137,754,310	$1,084,891
2020	$60,320,078	$59,571,266	$120,870,423	$748,812
2019	$55,791,432	$57,386,062	$118,555,954	$-1,594,630
2018	$50,939,569	$53,851,967	$116,535,100	$-2,912,398

Madonna University