UNIVERSITY OF DELAWARE

EIN: 516000297 501(c)(3)

NEWARK, DE

Total Revenue
$1,689,371,610
Total Expenses
$1,647,542,164
Total Assets
$4,792,169,695
Net Assets
$3,298,307,556
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1833
Legal Domicile
DE
Phone
3028312175
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF DELAWARE, founded in 1833, is a large national nonprofit that reported $1.7B in total revenue in fiscal year 2024.

Mission

THE UNIVERSITY OF DELAWARE IS A MAJOR RESEARCH UNIVERSITY DEDICATED TO CULTIVATING LEARNING, ADVANCING KNOWLEDGE, AND FOSTERING THE EXCHANGE OF IDEAS THROUGH TEACHING, RESEARCH AND PUBLIC SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $249,105,013
Program Service Revenue $1,296,009,718
Investment Income $138,655,909
Other Revenue $5,600,970
TOTAL REVENUE $1,689,371,610

Expense Breakdown

Grants Paid $236,487,045
Salaries & Benefits $892,023,648
Fundraising Expenses $19,728,123
Program Expenses $1,469,751,100
Other Expenses $518,355,049
TOTAL EXPENSES $1,647,542,164

Year-over-Year Comparison

2024 2023 Change
Revenue $1,689,371,610 $1,663,250,801 +0.0%
Expenses $1,647,542,164 $1,603,303,670 +0.0%
Net Income $41,829,446 $59,947,131 -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

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Governance

Voting Members
31
Independent Members
29
Employees
14114
Volunteers
33

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
17
$9,909,488
Total Directors
35
$1,956,224
Key Employees
3
$1,349,235
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIONISSIOS N ASSANIS PRESIDENT 55.0
Officer Director
$1,456,408 $66,785 $1,523,193
DEBRA H NORRIS TRUSTEE, PROFESSOR 55.0
Director Key Emp
$367,398 $65,633 $433,031
ALLISON BURRIS CASTELLANOS TRUSTEE 2.0
Director
$0 $0 $0
BETH COOPER TRUSTEE 2.0
Director
$0 $0 $0
CAROL A AMMON TRUSTEE UNTIL 12/31/24 2.0
Director
$0 $0 $0
CHRISTOPHER W BAKER TRUSTEE 2.0
Director
$0 $0 $0
CLAIRE DEMATTEIS MARQUARDT TRUSTEE 2.0
Director
$0 $0 $0
CLAUDIA PEA PORRETTI TRUSTEE 2.0
Director
$0 $0 $0
DONALD J PUGLISI TRUSTEE 2.0
Director
$0 $0 $0
DONNA M FONTANA TRUSTEE 2.0
Director
$0 $0 $0
EDMOND J SANNINI TRUSTEE 2.0
Director
$0 $0 $0
FREEMAN WILLIAMS TRUSTEE 2.0
Director
$0 $0 $0
GUY F MARCOZZI TRUSTEE 2.0
Director
$0 $0 $0
JAMES CORRELL TRUSTEE UNTIL 12/31/24 2.0
Director
$0 $0 $0
JEREMIE M AXE TRUSTEE AS OF 4/17/25 2.0
Director
$0 $0 $0
JOAN F COKER TRUSTEE 2.0
Director
$0 $0 $0
JOHN C CARNEY TRUSTEE UNTIL 1/21/25 2.0
Director
$0 $0 $0
JOHN R COCHRAN TRUSTEE UNTIL 6/5/25 2.0
Director
$0 $0 $0
JOHN W PARADEE TRUSTEE 2.0
Director
$0 $0 $0
KATHLEEN V HAWKINS SECRETARY/TREASURER 6.0
Director
$0 $0 $0
KENNETH C WHITNEY TRUSTEE 2.0
Director
$0 $0 $0
MATT MEYER TRUSTEE AS OF 1/21/25 2.0
Director
$0 $0 $0
MICHAEL R MCMULLEN TRUSTEE 2.0
Director
$0 $0 $0
NICHOLAS M MARSINI JR TRUSTEE 2.0
Director
$0 $0 $0
NISHA LODHAVIA TRUSTEE 2.0
Director
$0 $0 $0
ROBERT F RIDER JR TRUSTEE 2.0
Director
$0 $0 $0
SHANTE A HASTINGS TRUSTEE 2.0
Director
$0 $0 $0
SHAWN BRITTINGHAM TRUSTEE 2.0
Director
$0 $0 $0
STEPHEN SEUBERTH TRUSTEE AS OF 1/1/25 2.0
Director
$0 $0 $0
TERENCE M MURPHY BOARD VICE CHAIR 6.0
Director
$0 $0 $0
TERRI L KELLY BOARD CHAIR 6.0
Director
$0 $0 $0
THOMAS W HORNE TRUSTEE AS OF 3/12/25 2.0
Director
$0 $0 $0
UDIT BATRA TRUSTEE 2.0
Director
$0 $0 $0
WILLIAM J DIMONDI TRUSTEE 2.0
Director
$0 $0 $0
WILLIAM M LAFFERTY BOARD VICE CHAIR 6.0
Director
$0 $0 $0
AIMEE TURNER VP FOR FINANCE AND TREASURER 55.0
Officer
$508,939 $59,889 $568,828
ANGELA CHEN VP OF INFORMATION TECHNOLOGIES, CIO 55.0
Officer
$479,971 $43,016 $522,987
ANGELA DOWNIN VP & GENERAL COUNSEL 55.0
Officer
$480,228 $64,791 $545,019
BETH G BRAND VP & UNIVERSITY SECRETARY 55.0
Officer
$406,522 $70,474 $476,996
DR LAURA A CARLSON PROVOST 55.0
Officer
$739,611 $64,700 $804,311
FATIMAH R CONLEY VP INSTITUTIONAL EQUITY & CDO UNTIL 6/20/24 55.0
Officer
$180,999 $29,991 $210,990
GLENN CARTER VP COMMUNICATIONS & MARKETING 55.0
Officer
$485,832 $50,459 $536,291
JAMES W DICKER JR VP DEVELOPMENT & ALUMNI RELATIONS 55.0
Officer
$703,257 $70,574 $773,831
JOHN LONG EXECUTIVE VP & COO UNTIL 5/14/25 55.0
Officer
$627,833 $63,689 $691,522
JORDAN SKOLNICK INTERIM ATHLETIC DIRECTOR AS OF 2/19/25 55.0
Officer
$208,671 $35,343 $244,014
JOSE-LUIS RIERA VP STUDENT LIFE 55.0
Officer
$391,649 $92,708 $484,357
MARY REMMLER SENIOR VP & CFO UNTIL 4/30/25 55.0
Officer
$661,096 $90,937 $752,033
MELISSA BARD VP & CHIEF HR OFFICER 55.0
Officer
$441,188 $50,441 $491,629
MIGUEL GARCIA-DIAZ VP FOR RESEARCH, SCHOLARSHIP AND INNOVATION 55.0
Officer
$331,563 $53,701 $385,264
PETER KRAWCHYK VP FACILITIES, RECREATION, AUXILIARY SERVICES 55.0
Officer
$404,187 $66,089 $470,276
RODNEY MORRISON VP, ENROLLMENT MANAGEMENT 55.0
Officer
$358,659 $69,288 $427,947
JAMIE PHILLIPS COLLEGE OF ENGINEERING INTERIM DEAN 8/1/24 - 2/28/25 55.0
Key Emp
$335,749 $52,841 $388,590
LEVI THOMPSON DEAN UNTIL 7/31/24 55.0
Key Emp
$461,875 $65,739 $527,614
CALVIN L KEELER JR INTERIM DEAN 55.0
Highest
$609,730 $57,493 $667,223
CHRISTINE RAWAK DIRECTOR, INTERCOLLEGIATE ATHELTICS & REC SVCS UNTIL 3/29/25 55.0
Highest
$683,940 $79,767 $763,707
KEITH WALTER CHIEF INVESTMENT OFFICER 55.0
Highest
$1,113,234 $154,398 $1,267,632
MARTIN INGELSBY HEAD BASKETBALL COACH 55.0
Highest
$662,249 $65,120 $727,369
RYAN CARTY HEAD FOOTBALL COACH 55.0
Highest
$615,095 $49,360 $664,455
KELVIN H LEE FORMER INTERIM VP OF RESEARCH UNTIL 12/31/23 0.0
$461,839 $50,935 $512,774
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 $1,689,371,610 $1,647,542,164 $4,792,169,695 $41,829,446
2024 $1,663,250,801 $1,603,303,670 $4,649,702,865 $59,947,131
2023 $1,523,134,112 $1,491,111,650 $4,485,451,642 $32,022,462
2022 $1,599,020,725 $1,389,897,450 $4,429,239,540 $209,123,275
2021 $1,380,687,161 $1,278,759,668 $4,592,733,130 $101,927,493
2020 $1,312,591,518 $1,331,669,964 $4,006,103,766 $-19,078,446
2019 $1,395,852,912 $1,341,410,685 $4,042,249,412 $54,442,227
2018 $1,313,602,499 $1,253,803,409 $3,958,394,428 $59,799,090
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