CONCORDIA UNIVERSITY ST PAUL

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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

1955

Legal Domicile

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

The mission of Concordia University, St. Paul, a university of The Lutheran Church -- Missouri Synod, is to prepare students for thoughtful and informed living, for dedicated service to God and humanity, for enlightened care of God's creation, all within the context of the Christian Gospel.

Program Service Accomplishments

Program 1

Expenses: $16,399,123 Revenue: $93,908,491

Higher education: financial aid to assist students unable to pay fully for the liberal arts or religious education and support programs.

Program 2

Expenses: $5,648,613 Revenue: $6,352,107

Higher education: Auxiliary enterprises such as student housing, food service, facility rentals and the bookstore.

Program 3

Expenses: $64,966,550 Revenue: $0

Higher education: educational and instructional divisions including support programs devoted to the liberal arts and/or religious education, encouragement and understanding

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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 (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

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

1361

Volunteers

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

$594,368

Total Directors

Key Employees

$465,427

Highest Compensated

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