ST AMBROSE UNIVERSITY

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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

1885

Legal Domicile

Principal Officer

DR AMY C NOVAK

Phone

5633336329

Tax Period

2023-07-01 to 2024-06-30

ST AMBROSE UNIVERSITY, founded in 1885, is a major nonprofit in the Education sector that reported $121.5M in total revenue in fiscal year 2023. Expenses of $116.2M left a modest 4% surplus.

Mission

MISSION STATEMENT: AN INCLUSIVE, CATHOLIC, AND DIOCESAN COMMUNITY OF LEARNERS, ST. AMBROSE UNIVERSITY EMPOWERS ALL AMBROSIANS TO ACT COURAGEOUSLY, TO SEEK WISDOM THROUGH FAITH AND REASON, TO WORK FOR JUSTICE, AND TO LEAD LIVES OF SERVICE. VISION STATEMENT: ST. AMBROSE UNIVERSITY WILL BE A VIBRANT, SUSTAINABLE, AND LEARNER-FOCUSED MODEL FOR CATHOLIC HIGHER EDUCATION, PREPARING INDIVIDUALS FROM ALL WALKS OF LIFE TO LEAD LIVES CHARACTERIZED BY COURAGE, WISDOM, JUSTICE, AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $85,933,428 Revenue: $86,342,838

*INSTRUCTION: THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE PROGRAMS ARE MADE UP OF THREE COLLEGES: ARTS AND SCIENCES, BUSINESS AND HEALTH & HUMAN SERVICES. NINE BACHELORS (62 MAJORS), TWELVE MASTERS AND THREE DOCTORAL DEGREES ARE OFFERED. THE UNIVERSITY OFFERS A FALL AND SPRING SEMESTER, PLUS WINTER INTERIM AND SUMMER SESSIONS. *STUDENT AID & SCHOLARSHIPS: THE UNIVERSITY SERVES STUDENTS BY PROVIDING SCHOLARSHIPS AND GRANTS FUNDED BY FEDERAL, STATE, UNIVERSITY AND PRIVATE SOURCES. *STUDENT SERVICES: THE UNIVERSITY SERVES THE STUDENT COMMUNITY BY PROVIDING FINANCIAL AID ASSISTANCE, REGISTRATION, ADMISSIONS, COUNSELING, RESIDENCE LIFE, CAREER DEVELOPMENT, CAMPUS RECREATION, INTERCOLLEGIATE ATHLETICS AND OTHER PROGRAMS.

Program 2

Expenses: $4,205,672 Revenue: $16,732,737

*AUXILIARY ENTERPRISES & ACTIVITIES: THE UNIVERSITY PROVIDES FOOD SERVICE AND HOUSING FOR AN APPROXIMATE CAPACITY OF 1,700 STUDENTS.

Program 3

Expenses: $7,920,525

*OTHER PROGRAM SERVICES AND ACADEMIC SUPPORT: INSTITUTIONAL SUPPORT OF THE UNIVERSITY IS ALSO PROVIDED BY THE OFFICES OF THE VICE PRESIDENT FOR ACADEMIC AND STUDENT AFFAIRS AND THE VICE PRESIDENT OF...

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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 $11,267,510

Program Service Revenue $103,536,700

Investment Income $6,485,045

Other Revenue $232,786

TOTAL REVENUE $121,522,041

Expense Breakdown

Grants Paid $43,611,415

Salaries & Benefits $38,461,026

Fundraising Expenses $2,038,202

Program Expenses $98,059,625

Other Expenses $34,123,047

TOTAL EXPENSES $116,195,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,522,041	$120,947,375	+0.0%
Expenses	$116,195,488	$113,414,845	+0.0%
Net Income	$5,326,553	$7,532,530	-0.3%

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

1453

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

$1,321,594

Total Directors

$427,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR AMY C NOVAK	PRESIDENT/SECRETARY/TREASURER	40.00	Officer Director	$380,609	$46,819	$427,428
BISHOP T ZINKULA UNTIL 102023	BOARD MEMBER & CO-CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN BASSIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM BERTHEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN BRUNE	BOARD MEMBER	1.00	Director	$0	$0	$0
EDMUND CARROLL UNTIL 92023	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE CITERA	BOARD MEMBER & CO-CHAIR	1.00	Officer Director	$0	$0	$0
PHIL DOHERTY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA EKIZIAN	BOARD MEMBER & VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN F HECKINGER UNTIL 82023	BOARD MEMBER	1.00	Director	$0	$0	$0
FR THOM HENNEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS HIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
LYN KETELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK KILMER	BOARD MEMBER	1.00	Director	$0	$0	$0
SR VICKY LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN LEMEK	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LEMEK	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY LYPHOUT	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MASON IV	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ROBERT MCALEER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH O'ROURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE RUHL UNTIL 102023	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SACHS	BOARD MEMBER & VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANET SICHTERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA SNYDER	BOARD MEMBER	1.00	Director	$0	$0	$0
BREANN THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL C POSTER	VP FINANCE/ASST SECRETARY/TREASURER	40.00	Officer	$213,527	$37,669	$251,196
DR TOBY ARQUETTE	VP COMMUNICATIONS & MARKETING	40.00	Officer	$180,594	$23,855	$204,449
ANNE GANNAWAY	VP ADVANCEMENT	40.00	Officer	$148,886	$20,659	$169,545
CHRISTOPHER WAUGH	VP STUDENT SUCCESS	40.00	Officer	$126,555	$27,592	$154,147
JOSEPH ROIDT	VP ACADEMIC	40.00	Officer	$99,652	$15,177	$114,829
JOHN BYRNE	PROFESSOR	40.00	Highest	$168,073	$16,472	$184,545
ARTHUR MOREAU	PROFESSOR	40.00	Highest	$174,057	$9,154	$183,211
PATRICK ARCHER	ASSOCIATE PROVOST	40.00	Highest	$146,265	$30,735	$177,000
LYNN KILBURG	DEAN CHHS	40.00	Highest	$138,825	$30,111	$168,936
MARITZA ESPINA	PROFESSOR	40.00	Highest	$133,587	$8,588	$142,175
DR PAUL KOCH UNTIL 62023	FMR VP ACADEMIC & STUDENT AFFAIRS	40.00		$146,738	$18,583	$165,321
LESHANE SADDLER UNTIL 62023	FMR VP ENROLLMENT MANAGEMENT	40.00		$137,003	$13,109	$150,112

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	$121,522,041	$116,195,488	$410,861,860	$5,326,553
2023	$120,947,375	$113,414,845	$385,748,926	$7,532,530
2022	$125,922,880	$113,433,185	$363,252,407	$12,489,695
2021	$124,435,505	$104,786,592	$378,130,838	$19,648,913
2020	$111,513,726	$103,581,494	$330,550,712	$7,932,232
2019	$113,122,096	$101,522,632	$325,294,852	$11,599,464
2018	$111,531,603	$99,538,840	$309,642,424	$11,992,763