University of St Thomas

EIN: 410693970 501(c)(3) Education

St Paul, MN

Total Revenue
$602,630,236
Total Expenses
$548,068,300
Total Assets
$2,045,501,747
Net Assets
$1,478,615,616
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1894
Legal Domicile
MN
Phone
6519625000
Tax Period
2024-07-01 to 2025-06-30

University of St Thomas, founded in 1894, is a major nonprofit in the Education sector that reported $602.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $548.1M left a modest 9% surplus.

Mission

Inspired by Catholic intellectual tradition, the University of St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good.

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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 (2024)

Revenue Breakdown

Contributions & Grants $121,237,417
Program Service Revenue $428,412,468
Investment Income $31,128,287
Other Revenue $21,852,064
TOTAL REVENUE $602,630,236

Expense Breakdown

Grants Paid $216,515,559
Salaries & Benefits $216,145,507
Fundraising Expenses $12,132,323
Program Expenses $499,426,447
Other Expenses $115,305,984
TOTAL EXPENSES $548,068,300

Year-over-Year Comparison

2024 2023 Change
Revenue $602,630,236 $513,572,567 +0.2%
Expenses $548,068,300 $502,030,131 +0.1%
Net Income $54,561,936 $11,542,436 +3.7%
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

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Governance

Voting Members
39
Independent Members
37
Employees
5342
Volunteers
10298

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
$1,505,905
Total Directors
39
$871,441
Key Employees
5
$2,537,991
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Kolar BOARD VICE CHAIR 1.0
Officer Director
$0 $0 $0
Jodee Kozlak BOARD CHAIR 1.0
Officer Director
$0 $0 $0
Phil Soran BOARD VICE CHAIR 1.0
Officer Director
$0 $0 $0
Robert Vischer PRESIDENT 40.0
Officer Director
$730,449 $90,825 $821,274
Andrew Cecere TRUSTEE 1.0
Director
$0 $0 $0
Andrew Duff TRUSTEE 1.0
Director
$0 $0 $0
Ann Winblad TRUSTEE 1.0
Director
$0 $0 $0
Anne Sempowski Ward TRUSTEE 1.0
Director
$0 $0 $0
Archie Black TRUSTEE 1.0
Director
$0 $0 $0
Ashley Bailey-Chang TRUSTEE 1.0
Director
$0 $0 $0
Brian Wenger TRUSTEE 1.0
Director
$0 $0 $0
Carol Frey Wolfe TRUSTEE 1.0
Director
$0 $0 $0
David John TRUSTEE 1.0
Director
$0 $0 $0
David Juran TRUSTEE 1.0
Director
$0 $0 $0
Debbra Schoneman TRUSTEE 1.0
Director
$0 $0 $0
Doctor Amy Goldman TRUSTEE 1.0
Director
$0 $0 $0
Doctor John Morrison TRUSTEE 1.0
Director
$0 $0 $0
Father Dennis Dease PRESIDENT EMERITUS/TRUSTEE 40.0
Director
$37,828 $12,339 $50,167
Geoffrey Gage TRUSTEE 1.0
Director
$0 $0 $0
James Gearen TRUSTEE 1.0
Director
$0 $0 $0
John Allen TRUSTEE 1.0
Director
$0 $0 $0
Katharine Anderson Groethe TRUSTEE 1.0
Director
$0 $0 $0
Kathlene Campbell TRUSTEE 1.0
Director
$0 $0 $0
Lisa Anderson TRUSTEE 1.0
Director
$0 $0 $0
Mark Dienhart TRUSTEE 1.0
Director
$0 $0 $0
Mark Zesbaugh TRUSTEE 1.0
Director
$0 $0 $0
Mary Haddad TRUSTEE 1.0
Director
$0 $0 $0
Michael Ciresi TRUSTEE 1.0
Director
$0 $0 $0
Michael Dougherty TRUSTEE 1.0
Director
$0 $0 $0
Patrick Ryan TRUSTEE 1.0
Director
$0 $0 $0
Paul Karon TRUSTEE 1.0
Director
$0 $0 $0
Reverend Edward Malloy TRUSTEE 1.0
Director
$0 $0 $0
Reverend John Malone TRUSTEE 1.0
Director
$0 $0 $0
Rob Kelly TRUSTEE 1.0
Director
$0 $0 $0
Rory O'Neill TRUSTEE 1.0
Director
$0 $0 $0
Stephen Nachtsheim TRUSTEE 1.0
Director
$0 $0 $0
Timothy Flynn TRUSTEE 1.0
Director
$0 $0 $0
Wilhelmina Wright TRUSTEE 1.0
Director
$0 $0 $0
William Lentsch TRUSTEE 1.0
Director
$0 $0 $0
Abigail Crouse GENERAL COUNSEL AND SECRETARY 40.0
Officer
$272,484 $26,233 $298,717
Mark Vangsgard CFO 40.0
Officer
$328,370 $57,544 $385,914
Eddy Rojas EVP & PROVOST 40.0
Key Emp
$499,988 $59,019 $559,007
Erik Thurman VP FOR DEVELOPMENT, ALUMNI RELATIONS & UNIVERSITY ADVANCEMENT 40.0
Key Emp
$433,840 $66,890 $500,730
Kathleen Arnold VICE PRESIDENT AND CHIEF HUMAN RESOURCES OFFICER 40.0
Key Emp
$206,998 $23,434 $230,432
Phillip Esten VICE PRESIDENT AND DIRECTOR OF ATHLETICS 40.0
Key Emp
$445,869 $67,449 $513,318
Sonali Dalal VICE PRESIDENT AND CHIEF INVESTMENT OFFICER 40.0
Key Emp
$687,667 $46,837 $734,504
Glenn Caruso FOOTBALL COACH 40.0
Highest
$380,973 $67,569 $448,542
James Brummer Vice President for Facilities Management 40.0
Highest
$376,261 $55,341 $431,602
Laura Dunham DEAN OPUS COLLEGE OF BUSINESS 40.0
Highest
$356,330 $65,561 $421,891
MayKao Hang DEAN AND FOUNDING MEMBER OF MORRISON FAMILY COLLEGE OF HEALTH 40.0
Highest
$440,355 $32,567 $472,922
Michael Paulsen LAW PROFESSOR 40.0
Highest
$377,386 $59,394 $436,780
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 $602,630,236 $548,068,300 $2,045,501,747 $54,561,936
2024 No data No data No data No data
2023 $537,075,956 $469,090,264 $1,754,407,977 $67,985,692
2022 $513,833,802 $459,182,574 $1,672,860,241 $54,651,228
2021 $470,760,335 $418,714,890 $1,542,547,921 $52,045,445
2020 $450,761,247 $410,087,597 $1,331,564,102 $40,673,650
2019 $438,356,771 $406,683,032 $1,316,963,018 $31,673,739
2018 $410,304,432 $383,310,272 $1,205,164,681 $26,994,160
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