CONCORDIA UNIVERSITY ST PAUL

EIN: 410696906 501(c)(3)

ST PAUL, MN

Total Revenue
$112,820,217
Total Expenses
$107,400,833
Total Assets
$182,392,091
Net Assets
$159,055,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
MN
Principal Officer
Brian Friedrich
Phone
6516418811
Tax Period
2023-07-01 to 2024-06-30

CONCORDIA UNIVERSITY ST PAUL, founded in 1955, is a major nonprofit that reported $112.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $107.4M left a modest 5% surplus.

Mission

private, post-secondary higher education on the undergraduate and graduate levels

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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 $7,806,360
Program Service Revenue $101,635,884
Investment Income $2,808,325
Other Revenue $569,648
TOTAL REVENUE $112,820,217

Expense Breakdown

Grants Paid $16,399,123
Salaries & Benefits $35,283,596
Fundraising Expenses $1,851,559
Program Expenses $87,014,286
Other Expenses $55,525,363
TOTAL EXPENSES $107,400,833

Year-over-Year Comparison

2023 2022 Change
Revenue $112,820,217 $104,293,216 +0.1%
Expenses $107,400,833 $101,823,048 +0.1%
Net Income $5,419,384 $2,470,168 +1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
1361
Volunteers
5

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
3
$594,368
Total Directors
17
$0
Key Employees
3
$465,427
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric LaMott Provost 50
Officer
$241,105 $0 $241,105
Brian Friedrich President 50
Officer
$220,780 $0 $220,780
Kim Craig Vice Provost 50
Key Emp
$194,853 $0 $194,853
Katie Fischer Professor 50
Highest
$187,770 $0 $187,770
Peter Rundquist Professor 50
Highest
$171,699 $0 $171,699
Mark Hill Vice President 50
Key Emp
$168,237 $0 $168,237
Jacob Trippel Professor 50
Highest
$168,201 $0 $168,201
Heather Wegwerth Professor 50
Highest
$165,816 $0 $165,816
Jason Rahn Vice President 50
Highest
$164,815 $0 $164,815
Michael Dorner Vice President 50
Officer
$132,483 $0 $132,483
Kevin Hall Vice Provost 50
Key Emp
$102,337 $0 $102,337
Karl Abbott Board Member 2
Director
$0 $0 $0
David Bell Board Member 2
Director
$0 $0 $0
Andrew Braun Board Member 0
Director
$0 $0 $0
Rev Don Fondow Board Member 2
Director
$0 $0 $0
Sandra Frauenshuh Board Member 2
Director
$0 $0 $0
Rev Andrew Herzberg Board Member 2
Director
$0 $0 $0
Paul Hinz Board Member 2
Director
$0 $0 $0
Rev Jeremiah Johnson Board Member 2
Director
$0 $0 $0
Jim Linnett Board Member 2
Director
$0 $0 $0
Carrie Meyer Board Member 2
Director
$0 $0 $0
Rosa Summers Board Member 2
Director
$0 $0 $0
Naomi Teske Board Member 2
Director
$0 $0 $0
Daniel Thao Board Member 2
Director
$0 $0 $0
Lori Utech Board Member 2
Director
$0 $0 $0
Gary Volberding Board member 2
Director
$0 $0 $0
Rev Lucas Woodford Board Member 2
Director
$0 $0 $0
Daniel Zismer Board Member 2
Director
$0 $0 $0
Mark L'Heureux Board Member 2
$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 $112,820,217 $107,400,833 $182,392,091 $5,419,384
2023 $104,293,216 $101,823,048 $174,183,710 $2,470,168
2022 $107,873,224 $98,040,667 $170,684,907 $9,832,557
2021 $110,114,191 $95,442,020 $168,274,815 $14,672,171
2020 $84,023,708 $77,320,304 $151,530,496 $6,703,404
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