MOUNT MARY UNIVERSITY INC

EIN: 390806154 501(c)(3)

MILWAUKEE, WI

Total Revenue
$40,497,861
Total Expenses
$41,422,659
Total Assets
$73,289,994
Net Assets
$66,156,439
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
WI
Principal Officer
DR ISABELLE CHERNEY
Phone
4149303033
Tax Period
2023-07-01 to 2024-06-30

MOUNT MARY UNIVERSITY INC, founded in 1913, is a mid-sized nonprofit that reported $40.5M in total revenue in fiscal year 2023.

Mission

MOUNT MARY UNIVERSITY, INC., AND URBAN CATHOLIC UNIVERSITY FOR WOMEN, SPONSORED BY THE SCHOOL SISTERS OF NOTRE DAME, PROVIDES AN ENVIRONMENT FOR THE DEVELOPMENT OF THE WHOLE PERSON. THE UNIVERSITY ENCOURAGES LEADERSHIP, INTEGRITY, AND A DEEP SENSE OF SOCIAL JUSTICE ARISING FROM A SENSITIVITY TO MORAL VALUES AND CHRISTIAN PRINCIPLES. MOUNT MARY COMMITS ITSELF TO EXCELLENCE IN TEACHING AND LEARNING WITH AN EMPHASIS ON THINKING CRITICALLY AND CREATIVELY. THE BACCALAUREATE CURRICULUM INTEGRATES THE LIBERAL ARTS WITH CAREER PREPARATION FOR WOMEN OF DIVERSE AGES AND PERSONAL CIRCUMSTANCES; THE PROGRAMS AT THE GRADUATE LEVEL PROVIDE OPPORTUNITIES FOR BOTH MEN AND WOMEN TO ENHANCE THEIR PROFESSIONAL EXCELLENCE.

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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 $5,730,696
Program Service Revenue $31,617,179
Investment Income $1,966,216
Other Revenue $1,183,770
TOTAL REVENUE $40,497,861

Expense Breakdown

Grants Paid $14,000,217
Salaries & Benefits $17,674,630
Fundraising Expenses $0
Program Expenses $29,908,647
Other Expenses $9,747,812
TOTAL EXPENSES $41,422,659

Year-over-Year Comparison

2023 2022 Change
Revenue $40,497,861 $39,483,708 +0.0%
Expenses $41,422,659 $40,080,760 +0.0%
Net Income $-924,798 $-597,052 +0.5%
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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Governance

Voting Members
29
Independent Members
28
Employees
655
Volunteers
75

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
6
$1,059,448
Total Directors
32
$331,178
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERNEY ISABELLE PRESIDENT 50.00
Officer Director
$304,079 $27,099 $331,178
SISTER DEBRA M SCIANO SSND 1.00
Director
$0 $0 $0
SISTER JOAN ANDERT SSND 1.00
Director
$0 $0 $0
SISTER SHARON SLEAR SSND 1.00
Director
$0 $0 $0
EILEEN SCHWALBACH SSND 1.00
Director
$0 $0 $0
J OMAR ANDRIETSCH TRUSTEE 1.00
Director
$0 $0 $0
STEPHANIE RUSSELL CHAIR 1.00
Director
$0 $0 $0
LENA LEE TRUSTEE 1.00
Director
$0 $0 $0
LISA JANSEN TRUSTEE 1.00
Director
$0 $0 $0
MARILKA VELEZ TRUSTEE 1.00
Director
$0 $0 $0
ANN NATTINGER TRUSTEE 1.00
Director
$0 $0 $0
MARIE OBRIEN TRUSTEE 1.00
Director
$0 $0 $0
DAVID JORGENSEN TRUSTEE 1.00
Director
$0 $0 $0
MARGARET CALLAHAN TRUSTEE 1.00
Director
$0 $0 $0
MAY YER THAO TRUSTEE 1.00
Director
$0 $0 $0
DAVID KRUTZ TRUSTEE 1.00
Director
$0 $0 $0
SCOTT NAZE TRUSTEE 1.00
Director
$0 $0 $0
ERICA-NICOLE HARRIS VICE-CHAIR 1.00
Director
$0 $0 $0
JEFF SCOTT TRUSTEE 1.00
Director
$0 $0 $0
JOEL BRENNAN TRUSTEE 1.00
Director
$0 $0 $0
KAREN DAVIDSON TRUSTEE 1.00
Director
$0 $0 $0
ANN TESMER TRUSTEE 1.00
Director
$0 $0 $0
JEFF HEMBROCK TRUSTEE 1.00
Director
$0 $0 $0
BECKY PINTER TRUSTEE 1.00
Director
$0 $0 $0
MARJORIE RUCKER TRUSTEE 1.00
Director
$0 $0 $0
GENEVA JOHNSON EMERITUS 1.00
Director
$0 $0 $0
KATHRYN MAEGLI DAVIS EMERITUS 1.00
Director
$0 $0 $0
GARY JORGENSON EMERITUS 1.00
Director
$0 $0 $0
GARY ZIMMERMAN EMERITUS 1.00
Director
$0 $0 $0
BETH HEIKKILA TRUSTEE - ENDED SUMMER '24 1.00
Director
$0 $0 $0
JESSICA HEIFER TRUSTEE - ENDED SUMMER '24 1.00
Director
$0 $0 $0
HEATHER HERLING TRUSTEE - ENDED SUMMER '24 1.00
Director
$0 $0 $0
ALIOTO KERI VICE PRESIDENT OF STUDENT AFFAIRS 50.00
Officer
$130,106 $18,268 $148,374
BAILEY CHERYL DEAN SCHOOL OF GRADUATE AND HEALTH 50.00
Officer
$113,205 $28,405 $141,610
FRIEDLEN KAREN VICE PRESIDENT OF ACADEMIC AFFAIRS 50.00
Officer
$140,144 $27,634 $167,778
STAPLETON ANDREA VICE PRESIDENT OF MISSION AND JUSTICE 50.00
Officer
$114,350 $6,088 $120,438
WEGENER DAVE VICE PRESIDENT OF ENROLLMENT SERVICES 50.00
Officer
$131,308 $18,762 $150,070
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 $40,497,861 $41,422,659 $73,289,994 $-924,798
2023 $39,483,708 $40,080,760 $73,756,805 $-597,052
2022 $43,016,464 $39,256,407 $76,484,409 $3,760,057
2021 $44,457,928 $35,044,747 $82,929,930 $9,413,181
2020 $35,696,619 $34,891,651 $71,562,119 $804,968
2019 $38,022,930 $33,884,487 $68,854,892 $4,138,443
2018 $37,390,617 $33,864,953 $65,022,836 $3,525,664
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