STEVENSON UNIVERSITY

EIN: 520705392 501(c)(3) Education

OWINGS MILLS, MD

Total Revenue
$187,727,722
Total Expenses
$171,623,418
Total Assets
$362,650,459
Net Assets
$195,990,817
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
MD
Phone
4104867000
Tax Period
2024-07-01 to 2025-06-30

STEVENSON UNIVERSITY, founded in 1947, is a major nonprofit in the Education sector that reported $187.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $171.6M left a modest 9% surplus.

Mission

THE UNIVERSITY IS AN INDEPENDENT COEDUCATIONAL FOUR-YEAR UNIVERSITY, WHICH OFFERS DOCTORATE, MASTER'S, AND BACHELOR'S DEGREES, AS WELL AS CERTIFICATES, TO APPROX. 3,200 FULL TIME EQUIV STUDENTS.

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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 $27,250,399
Program Service Revenue $145,773,070
Investment Income $13,496,455
Other Revenue $1,207,798
TOTAL REVENUE $187,727,722

Expense Breakdown

Grants Paid $73,967,330
Salaries & Benefits $49,141,374
Fundraising Expenses $984,669
Program Expenses $152,441,288
Other Expenses $48,514,714
TOTAL EXPENSES $171,623,418

Year-over-Year Comparison

2024 2023 Change
Revenue $187,727,722 $170,194,735 +0.1%
Expenses $171,623,418 $167,632,795 +0.0%
Net Income $16,104,304 $2,561,940 +5.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
1607
Volunteers
125

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
6
$1,176,232
Total Directors
31
$0
Key Employees
8
$1,872,381
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA L KAHOE SECRETARY (AS OF 6/25) 1.0
Officer Director
$0 $0 $0
PAUL MARK SANDLER ESQ SECRETARY (THRU 5/25) 1.0
Officer Director
$0 $0 $0
ROBERT C BRENNAN TREASURER 1.0
Officer Director
$0 $0 $0
ANNA L SMITH TRUSTEE 1.0
Director
$0 $0 $0
ARTHUR F BELL JR CPA TRUSTEE 1.0
Director
$0 $0 $0
BARBARA M BOZZUTO TRUSTEE 1.0
Director
$0 $0 $0
BLAIRE AULL MILLER TRUSTEE EX OFFICIO (THRU 5/25) 1.0
Director
$0 $0 $0
BRENDA BOWE JOHNSON PHD TRUSTEE 1.0
Director
$0 $0 $0
CANDACE OSUNSADE TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER TSAKALOS TRUSTEE 1.0
Director
$0 $0 $0
DAVID A BURROWS JR TRUSTEE 1.0
Director
$0 $0 $0
ERIC D BROTMAN CFP TRUSTEE 1.0
Director
$0 $0 $0
JAMES B STRADTNER CFA TRUSTEE 1.0
Director
$0 $0 $0
JENNIFER WARD REYNOLDS CFA TRUSTEE 1.0
Director
$0 $0 $0
JUDITH S WARANCH ESQ TRUSTEE 1.0
Director
$0 $0 $0
JUSTIN TOWLES TRUSTEE 1.0
Director
$0 $0 $0
JW THOMPSON WEBB TRUSTEE 1.0
Director
$0 $0 $0
KAREN P GIBBS TRUSTEE 1.0
Director
$0 $0 $0
KATHLEEN SHER TRUSTEE 1.0
Director
$0 $0 $0
MARGARET SHEETZ TRUSTEE 1.0
Director
$0 $0 $0
MEREDITH A MOWEN TRUSTEE 1.0
Director
$0 $0 $0
NANCY C HUBBLE TRUSTEE 1.0
Director
$0 $0 $0
ORSIA FOUDOS YOUNG ESQ TRUSTEE 1.0
Director
$0 $0 $0
ROBERT D BIAGIOTTI PE TRUSTEE 1.0
Director
$0 $0 $0
SAMUEL M DELL III TRUSTEE 1.0
Director
$0 $0 $0
SANDRA R BERMAN TRUSTEE 1.0
Director
$0 $0 $0
SCOTT E DORSEY TRUSTEE 1.0
Director
$0 $0 $0
SEAN A ISAAC MD TRUSTEE (THRU 5/25) 1.0
Director
$0 $0 $0
T SCOTT PUGATCH CHAIR 1.0
Director
$0 $0 $0
TIMOTHY L KRONGARD TRUSTEE 1.0
Director
$0 $0 $0
VANESSA ELUMA TRUSTEE 1.0
Director
$0 $0 $0
Elliot L Hirshman PRESIDENT 40.0
Officer
$622,888 $124,890 $747,778
Mary Elizabeth Schiller-Schwenke CHIEF FINANCIAL OFFICER 40.0
Officer
$152,990 $27,669 $180,659
Melanie Edmondson VP OF ADMIN & FINANCE, CFO 40.0
Officer
$231,709 $16,086 $247,795
Andre Williams VP STUDENT AFFAIRS 40.0
Key Emp
$185,801 $25,144 $210,945
Christopher Vaughan VP UNIVERSITY ADVANCEMENT 40.0
Key Emp
$265,469 $18,187 $283,656
David Jordan VP HUMAN RESOURCES 40.0
Key Emp
$190,194 $13,768 $203,962
James Mustard VP ADMIN AND FACILITIES 40.0
Key Emp
$160,385 $28,451 $188,836
John Bantillo CIO 40.0
Key Emp
$166,820 $13,242 $180,062
Mark Hergan VP ENROLLMENT MANAGEMENT 40.0
Key Emp
$254,516 $37,500 $292,016
Meredith Durmowicz EVP OF ACADEMIC AFFAIR/PROVOS 40.0
Key Emp
$169,513 $33,816 $203,329
Susan Gorman EVP OF ACADEMIC AFFAIR/PROVOS 40.0
Key Emp
$273,822 $35,753 $309,575
Amanda Hostalka DEAN SODAC/VICE PROVOST OUTREA 40.0
Highest
$162,721 $12,294 $175,015
Antionette Marbray VP LEGAL AFFAIRS & GOVT RELATIONS 40.0
Highest
$231,204 $19,445 $250,649
Ellen Roskes DEAN SCHOOL OF SCIENCES 40.0
Highest
$161,539 $12,260 $173,799
John Buettner VP MARKETING & DIGITAL COMM 40.0
Highest
$202,347 $14,484 $216,831
Virginia Iannone SR ASSOCIATE VP ACADEMIC AFFAIRS 40.0
Highest
$148,143 $19,925 $168,068
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 $187,727,722 $171,623,418 $362,650,459 $16,104,304
2024 $170,194,735 $167,632,795 $348,084,367 $2,561,940
2023 $157,992,249 $156,394,641 $343,217,002 $1,597,608
2022 $161,866,162 $150,618,294 $339,125,128 $11,247,868
2021 $155,065,115 $138,760,108 $353,792,351 $16,305,007
2020 $146,450,457 $140,443,532 $302,752,205 $6,006,925
2019 $145,067,273 $142,231,783 $293,599,595 $2,835,490
2018 $152,330,591 $144,003,682 $285,725,524 $8,326,909
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