KETTERING UNIVERSITY (EIN 382410852) - 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

1982

Legal Domicile

Principal Officer

ROBERT K MCMAHAN

Phone

8107629925

Tax Period

2022-07-01 to 2023-06-30

KETTERING UNIVERSITY, founded in 1982, is a major nonprofit in the Education sector that reported $104.3M in total revenue in fiscal year 2022. Net assets of $228.5M represent 26 months of operating reserves.

Mission

KU PREPARES STUDENTS FOR LIVES OF EXTRAORDINARY LEADERSHIP AND SERVICE BY LINKING TRANSFORMATIVE EXPERIENTIAL LEARNING OPPORTUNITIES TO RIGOROUS ACADEMIC PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,074,517

Program Service Revenue $83,484,573

Investment Income $3,596,539

Other Revenue $96,255

TOTAL REVENUE $104,251,884

Expense Breakdown

Grants Paid $40,708,175

Salaries & Benefits $36,146,836

Fundraising Expenses $2,242,613

Program Expenses $96,433,026

Other Expenses $29,334,815

TOTAL EXPENSES $106,189,826

Year-over-Year Comparison

	2022	2021	Change
Revenue	$104,251,884	$108,871,575	0.0%
Expenses	$106,189,826	$106,719,699	0.0%
Net Income	$-1,937,942	$2,151,876	-1.9%

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

870

Volunteers

1000

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

$1,839,917

Total Directors

$937,565

Key Employees

$859,791

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT K MCMAHAN	PRESIDENT	80.0	Officer Director	$743,819	$193,746	$937,565
JAMES ZHANG	PROVOST	55.0	Officer	$313,941	$47,534	$361,475
THOMAS AYERS	TREASURER	55.0	Officer	$302,814	$44,154	$346,968
TRACIE JONES	VP ENROLLMENT & CO-OP SERVICES	55.0	Key Emp	$210,223	$23,783	$234,006
KATHRYN SVINARICH	ASSOCIATE PROVOST	55.0	Highest	$205,900	$20,857	$226,757
CHRISTINE WALLACE	VP. KETTERING GLOBAL	55.0	Key Emp	$183,877	$38,457	$222,334
SCOTT GRASMAN	INTERIM DEAN OF COLLEGE OF ENG	55.0	Key Emp	$177,784	$40,089	$217,873
DONALD ROCKWELL	UNIVERSITY COUNSEL	55.0	Officer	$166,826	$27,083	$193,909
MICHAEL FARMER	DEPT HEAD COMPUTER SCIENCE	55.0	Highest	$150,049	$42,706	$192,755
LB MCCUNE	VP STUDENT AFFAIRS	55.0	Key Emp	$158,243	$27,335	$185,578
CRAIG HOFF	DEAN OF COLLEGE OF ENGINEERING	55.0	Highest	$147,091	$37,242	$184,333
BASSEM RAMADAN	DEPT. HEAD-MECHANICAL ENGINEER	55.0	Highest	$154,440	$21,004	$175,444
JANE HOMSHER	SPECIAL ASST. TO THE PRESIDENT	55.0	Highest	$152,480	$22,553	$175,033
CARLA J BAILO	BOARD VICE CHAIR	2.0	Officer Director	$0	$0	$0
GERALD JOHNSON	BOARD MEMBER	2.0	Director	$0	$0	$0
NORMAN J SZYDLOWSKI	BOARD MEMBER	2.0	Director	$0	$0	$0
DIANA D TREMBLAY	BOARD MEMBER	2.0	Director	$0	$0	$0
BRUCE D COVENTRY	BOARD MEMBER	2.0	Director	$0	$0	$0
CHARLES F KETTERING III	BOARD MEMBER	2.0	Director	$0	$0	$0
CHARLES GRAY	BOARD MEMBER	2.0	Director	$0	$0	$0
DAVID KAZYAK	BOARD MEMBER	2.0	Director	$0	$0	$0
DAVID S HOYTE	BOARD MEMBER	2.0	Director	$0	$0	$0
GARY L COWGER	BOARD MEMBER	2.0	Director	$0	$0	$0
HENIO R ARCANGELI JR	BOARD MEMBER	2.0	Director	$0	$0	$0
JACQUELINE A DEDO	BOARD MEMBER	2.0	Director	$0	$0	$0
JANE E BOON	BOARD MEMBER	2.0	Director	$0	$0	$0
JEFFREY J OWENS	BOARD MEMBER	2.0	Director	$0	$0	$0
JESSE M LOPEZ	BOARD SECRETARY	2.0	Director	$0	$0	$0
JOHN W MOYER	BOARD MEMBER	2.0	Director	$0	$0	$0
LIZABETH A ARDISANA	BOARD MEMBER	4.0	Director	$0	$0	$0
MACHELLE A MCADORY	BOARD MEMBER	2.0	Director	$0	$0	$0
MARJORIE SORGE	BOARD MEMBER	2.0	Director	$0	$0	$0
PHILLIP C DUTCHER	BOARD MEMBER	2.0	Director	$0	$0	$0
RAJ NAIR	BOARD MEMBER	2.0	Director	$0	$0	$0
RAYMOND E SCOTT	BOARD MEMBER	2.0	Director	$0	$0	$0
WALTER G BORST	BOARD CHAIR	2.0	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$104,251,884	$106,189,826	$275,349,532	$-1,937,942
2022	$108,871,575	$106,719,699	$273,554,260	$2,151,876
2021	$82,356,479	$65,408,533	$281,450,228	$16,947,946
2020	$68,311,980	$69,550,203	$242,847,651	$-1,238,223
2019	$95,676,387	$69,312,194	$221,978,988	$26,364,193
2018	$75,951,870	$67,257,384	$203,265,971	$8,694,486

KETTERING UNIVERSITY