LINDENWOOD EDUCATION SYSTEM (EIN 430652649) - Form 990 Financial Analysis & Trantor Score

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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

1832

Legal Domicile

Principal Officer

JOHN R PORTER

Phone

6369494900

Tax Period

2022-07-01 to 2023-06-30

LINDENWOOD EDUCATION SYSTEM, founded in 1832, is a major nonprofit in the Education sector that reported $137.7M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $172.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

REAL EXPERIENCE. REAL SUCCESS.ENHANCING LIVES THROUGH QUALITY EDUCATION AND PROFESSIONAL PREPARATORY EXPERIENCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,587,640

Program Service Revenue $125,879,219

Investment Income $4,656,454

Other Revenue $2,547,994

TOTAL REVENUE $137,671,307

Expense Breakdown

Grants Paid $37,091,146

Salaries & Benefits $66,961,647

Fundraising Expenses $1,844,547

Program Expenses $144,100,480

Other Expenses $68,020,833

TOTAL EXPENSES $172,073,626

Year-over-Year Comparison

	2022	2021	Change
Revenue	$137,671,307	$159,169,580	-0.1%
Expenses	$172,073,626	$168,896,089	+0.0%
Net Income	$-34,402,319	$-9,726,509	+2.5%

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

1802

Volunteers

1587

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

$1,118,270

Total Directors

Key Employees

$2,231,742

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PORTER	PRESIDENT	40.00	Officer	$587,694	$30,634	$618,328
JOE SALLUSTIO	SENIOR VP, STUDENT EXPERIENCE	40.00	Key Emp	$258,691	$22,744	$281,435
MARK FALKOWSKI	GENERAL COUNSEL	40.00	Officer	$255,241	$26,011	$281,252
BETHANY ALDEN-RIVERS	PROVOST/VP, ACADEMIC AFFAIRS	40.00	Key Emp	$241,996	$25,242	$267,238
DIANE MOORE	SENIOR VICE PRESIDENT, OPERATIONS	40.00	Key Emp	$239,721	$17,135	$256,856
TJ RAINS	VICE PRESIDENT, IT	40.00	Key Emp	$230,387	$25,561	$255,948
DEB AYRES	SENIOR VICE PRESIDENT, HR	40.00	Key Emp	$242,328	$12,117	$254,445
ROB WESTERVELT	VP, STRATEGY & INNOVATION	40.00	Key Emp	$226,246	$25,354	$251,600
ORRIE COVERT	VP, ADVANCEMENT AND COMMUNITY ENG.	40.00	Key Emp	$222,365	$25,160	$247,525
EMILY PITTS	CHIEF DIVERSITY OFFICER	40.00	Key Emp	$221,223	$4,770	$225,993
RICK BANIAK	VP, FISCAL AFFAIRS/CFO (THRU 12/22)	40.00	Officer	$208,393	$10,297	$218,690
CYNTHIA SCHROEDER	DEAN, COLLEGE OF SCIENCE, TECH & HEALTH	40.00	Highest	$191,932	$14,367	$206,299
HOWARD WALL	PROFESSOR, ECONOMICS	40.00	Highest	$174,714	$21,878	$196,592
KATHI VOSEVICH	DEAN, COLLEGE OF ARTS & HUMANITIES	40.00	Highest	$180,000	$14,670	$194,670
JEANINE COTTER	VP, BUSINESS DEVELOPMENT	40.00	Key Emp	$185,032	$5,670	$190,702
JED STUGART	HEAD COACH, FOOTBALL	40.00	Highest	$158,410	$21,963	$180,373
BRAD WACHLER	FORMER VP, ICA (THRU 3/22)	40.00		$167,869	$12,113	$179,982
ANTHONY SCHEFFLER	DEAN,COLLEGE OF EDU. & HUMAN SERVICES	40.00	Highest	$161,028	$16,572	$177,600
JOHN KAUFHOLD	CFO (AS OF 2/23)	40.00	Officer	$0	$0	$0
DONALD TUTTLE	CHAIRMAN	1.00	Director	$0	$0	$0
CHIP PETERSON	VICE CHAIRMAN	1.00	Director	$0	$0	$0
CHERYL MATEJKA	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JO ANNA POLLOCK	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
PATRICIA PENKOSKE	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
JUSTIN FOUST	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
HAL GENTRY	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
LASHANA BARNES	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA FRISINA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN W HAMMOND	BOARD MEMBER (THRU 11/22)	1.00	Director	$0	$0	$0
DAVID MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MUELLER	BOARD MEMBER (THRU 5/23)	1.00	Director	$0	$0	$0
JERRY E SCHEIDEGGER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY N SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY WILLIAMS	BOARD MEMBER	1.00	Director	$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	No data	No data	No data	No data
2023	$137,671,307	$172,073,626	$440,091,909	$-34,402,319
2022	$159,169,580	$168,896,089	$425,344,699	$-9,726,509
2021	$128,444,522	$151,147,273	$462,352,916	$-22,702,751
2020	$153,756,093	$175,883,635	$442,236,277	$-22,127,542
2019	$177,063,516	$192,614,650	$463,958,623	$-15,551,134
2018	$220,520,780	$196,268,870	$508,596,710	$24,251,910

LINDENWOOD EDUCATION SYSTEM