LARKIN UNIVERSITY CORP (EIN 463670992) - 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

2013

Legal Domicile

Principal Officer

DR RUDI ETTRICH

Phone

3052847500

Tax Period

2023-01-01 to 2023-12-31

LARKIN UNIVERSITY CORP, founded in 2013, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

OUR MISSIONLARKIN UNIVERSITY IS A PRIVATE NON-PROFIT HIGHER EDUCATION INSTITUTION FOCUSING ON MASTER'S AND DOCTORAL LEVEL PROGRAMS IN HEALTH PROFESSIONS TO EMPOWER DIVERSE GRADUATES WHO REFLECT THE DEMOGRAPHICS OF THE HEALTHCARE NEEDS OF THE COMMUNITIES WE SERVE.OUR VISIONTO BECOME A NATIONALLY AND INTERNATIONALLY RECOGNIZED UNIVERSITY THROUGH OUR EDUCATIONAL PROGRAMS, RESEARCH AND SCHOLARLY ACTIVITY, AND DEVELOPMENT OF SOLUTIONS THAT PROMOTE THE COMMON GOOD OF HEALTH CARE AND SOCIETY.OUR CORE VALUESLARKIN UNIVERSITY IS COMMITTED TO:ACCOUNTABILITYCOMMUNITY SERVICEDIVERSITYEXCELLENCEINTEGRITYRESEARCHSOCIAL JUSTICE

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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 $2,994,607

Program Service Revenue $5,059,226

Investment Income $54,202

Other Revenue $0

TOTAL REVENUE $8,108,035

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $5,520,506

Fundraising Expenses $0

Program Expenses $4,192,983

Other Expenses $2,512,392

TOTAL EXPENSES $8,037,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,108,035	$6,311,595	+0.3%
Expenses	$8,037,398	$7,272,715	+0.1%
Net Income	$70,637	$-961,120	-1.1%

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

Volunteers

N/A

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

$169,364

Total Directors

Key Employees

$549,195

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KENT	BOARD CHAIR	2.00	Director	$0	$0	$0
ILLEANA RODRIGUEZ	VICE BOARD CHAIR	2.00	Director	$0	$0	$0
MARILYN ROMAN	BOARD SECRETARY	2.00	Director	$0	$0	$0
CECILIA ROKUSEK	BOARD TREASURER	2.00	Director	$0	$0	$0
ANGELO GOUSEE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIE-FLORE LINDOR-LA TORTUE	BOARD MEMBER	2.00	Director	$0	$0	$0
JACK MICHEL	BOARD MEMBER	2.00	Director	$0	$0	$0
BLANCA RIVERA	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDY SOSA-GUERRERO	BOARD MEMBER	2.00	Director	$0	$0	$0
DR LEONARD LEVY UNTIL JAN 2023	BOARD MEMBER	2.00	Director	$0	$0	$0
DR GEORG PATROIANU UNTIL JAN 2023	BOARD MEMBER	2.00	Director	$0	$0	$0
DR RUDI ETTRICH	PRESIDENT/CEO	40.00	Officer	$169,364	$0	$169,364
RUTH NEMIRE	DEAN	40.00	Key Emp	$240,385	$0	$240,385
SUBRATA DEB	CHAIR DPS	40.00	Key Emp	$156,346	$0	$156,346
ALAN FESSENDEN	CFO	40.00	Key Emp	$152,464	$0	$152,464
JAYESH PARMAR	VICE CHAIR	40.00	Highest	$148,077	$0	$148,077
LYNNE ARRIC	ASSOC DEAN	40.00	Highest	$146,635	$0	$146,635
ANDREA MURZELLO	ASST DEAN	40.00	Highest	$132,400	$0	$132,400

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
2024	No data	No data	No data	No data
2023	$8,108,035	$8,037,398	$14,045,598	$70,637
2022	$6,311,595	$7,272,715	$14,075,972	$-961,120
2021	$7,901,976	$7,692,251	$15,883,479	$209,725
2020	$9,606,378	$8,494,860	$17,415,265	$1,111,518
2019	$10,173,936	$8,160,997	$16,362,510	$2,012,939
2018	$8,930,298	$6,748,927	$7,276,984	$2,181,371

LARKIN UNIVERSITY CORP