CONCORDIA UNIVERSITY INC

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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

1881

Legal Domicile

Principal Officer

DANIELLE MARSH

Phone

2622435700

Tax Period

2024-07-01 to 2025-06-30

CONCORDIA UNIVERSITY INC, founded in 1881, is a major nonprofit in the Education sector that reported $166.3M in total revenue in fiscal year 2024. Expenses of $158.6M left a modest 5% surplus.

Mission

POST SECONDARY EDUCATION - CONCORDIA UNIVERSITY INC. IS A LUTHERAN HIGHER EDUCATION COMMUNITY COMMITTED TO HELPING STUDENTS DEVELOP IN MIND, BODY, AND SPIRIT FOR SERVICE TO CHRIST IN THE CHURCH AND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $95,161,616 Revenue: $156,095,905

3,873 STUDENTS IN UNDERGRADUATE CLASSES, 3,871 IN GRADUATE CLASSES, 1567 GRADUATES IN THE 2024-25 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 80 MINORS, 48 MASTERS PROGRAMS, AND SIX...

3,873 STUDENTS IN UNDERGRADUATE CLASSES, 3,871 IN GRADUATE CLASSES, 1567 GRADUATES IN THE 2024-25 SCHOOL YEAR. THE UNIVERSITY HAS 95 BACHELOR MAJORS AND 80 MINORS, 48 MASTERS PROGRAMS, AND SIX DOCTORAL PROGRAMS.

Program 2

Expenses: $44,572,650

STUDENT FINANCIAL AID PROGRAMS: FINANCIAL AID TO STUDENTS INCLUDING SCHOLARSHIPS, REMITTED TUITION, AND STIPENDS FOR BOTH UNDERGRADUATE AND GRADUATE STUDENTS.

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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 $8,664,325

Program Service Revenue $156,095,905

Investment Income $374,369

Other Revenue $1,193,048

TOTAL REVENUE $166,327,647

Expense Breakdown

Grants Paid $44,572,650

Salaries & Benefits $67,133,975

Fundraising Expenses $2,783,405

Program Expenses $139,734,266

Other Expenses $46,864,676

TOTAL EXPENSES $158,571,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,327,647	$174,173,472	0.0%
Expenses	$158,571,301	$172,685,715	-0.1%
Net Income	$7,756,346	$1,487,757	+4.2%

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

2768

Volunteers

162

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

$968,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PIEHLER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JONAH BURAKOWSKI	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER LYNN KNOX	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BLIESE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY DONOVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FLEMING	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HENRICHS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JURSS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOESPH OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN SAUNDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JON SCHUMACHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK SOVITSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA SENKBEIL	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY PETERSON THRU 7124	VP FINANCE /CFO	40.00	Officer	$158,200	$82,163	$240,363
ERIK ANKERBERG	PRESIDENT	40.00	Officer	$93,814	$248,208	$342,022
DANIELLE MARSH	VP FINANCE CFO	40.00	Officer	$147,800	$32,666	$180,466
STEVEN TAYLOR	EVP AND VP INNOVATION	40.00	Officer	$85,535	$120,063	$205,598
MICHAEL LITMAN	FACULTY COMP SCI	40.00	Highest	$295,432	$23,668	$319,100
MATTHEW HURTIENNE	DEAN BSB/HSB	40.00	Highest	$183,772	$48,234	$232,006
ERIK JORVIG	DEAN SOP	40.00	Highest	$247,075	$56,010	$303,085
LEAH DVORAK	AVP ACADEMICS	40.00	Highest	$183,452	$40,542	$223,994
ERNEST STREMSKI	FACULTY PA/MD	40.00	Highest	$177,324	$40,971	$218,295

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	$166,327,647	$158,571,301	$198,701,908	$7,756,346
2024	$174,173,472	$172,685,715	$186,943,435	$1,487,757
2023	$166,294,839	$171,246,112	$171,284,180	$-4,951,273
2022	$176,566,325	$174,880,016	$177,844,047	$1,686,309
2021	$168,516,078	$170,586,955	$163,946,113	$-2,070,877
2020	$159,253,851	$165,566,687	$169,064,782	$-6,312,836
2018	$153,807,489	$159,519,360	$177,796,873	$-5,711,871