TOWSON UNIVERSITY FOUNDATION INC

EIN: 520939453 501(c)(3) Education

TOWSON, MD

Total Revenue
$11,057,875
Total Expenses
$9,580,323
Total Assets
$122,225,421
Net Assets
$119,574,903
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MD
Principal Officer
AMY WEINREICH
Phone
4107042040
Tax Period
2023-07-01 to 2024-06-30

TOWSON UNIVERSITY FOUNDATION INC, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $11.1M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $9.6M left a modest 13% surplus.

Mission

TO RAISE, INVEST, AND DISBURSE FUNDS FOR THE BENEFIT OF TOWSON UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,653,803
Program Service Revenue $93,323
Investment Income $2,635,671
Other Revenue $1,675,078
TOTAL REVENUE $11,057,875

Expense Breakdown

Grants Paid $4,642,426
Salaries & Benefits $548,024
Fundraising Expenses $340,762
Program Expenses $8,411,417
Other Expenses $4,389,873
TOTAL EXPENSES $9,580,323

Year-over-Year Comparison

2023 2022 Change
Revenue $11,057,875 $15,208,535 -0.3%
Expenses $9,580,323 $9,346,653 +0.0%
Net Income $1,477,552 $5,861,882 -0.7%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
28
Independent Members
28
Employees
4
Volunteers
28

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
7
$0
Total Directors
28
$0
Key Employees
1
$197,977
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA HOGE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KIM A FABIAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
EDNA PRIMROSE PRESIDENT 4.00
Officer Director
$0 $0 $0
SALVATORE CORRENTI VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID M VAHOS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTOPHER J CAVALLARO SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTOPHER S EVANS TREASURER 1.00
Officer Director
$0 $0 $0
RAYMOND J BRUSCA DIRECTOR 0.50
Director
$0 $0 $0
THOMAS COARD DIRECTOR 0.50
Director
$0 $0 $0
IRA W COX DIRECTOR 0.50
Director
$0 $0 $0
DOUGLAS F ERDMAN DIRECTOR 0.50
Director
$0 $0 $0
PAUL-SEAN GRAY DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY HAMLETT SR DIRECTOR 0.50
Director
$0 $0 $0
STEPHANIE JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
ERIC M KRUK DIRECTOR 0.50
Director
$0 $0 $0
PHYLICIA PORTER DIRECTOR 0.50
Director
$0 $0 $0
EDWARD MCDONALD DIRECTOR 0.50
Director
$0 $0 $0
DAVID DIAZ DIRECTOR 0.50
Director
$0 $0 $0
SUSAN J GANTZ DIRECTOR 0.50
Director
$0 $0 $0
SHANNA N WARBURTON-BARNES DIRECTOR 0.50
Director
$0 $0 $0
DENNY B MATHER DIRECTOR 0.50
Director
$0 $0 $0
NANCY GRASMICK DIRECTOR 0.50
Director
$0 $0 $0
STEVEN E PECK DIRECTOR 0.50
Director
$0 $0 $0
DEBORA A PLUNKETT DIRECTOR 0.50
Director
$0 $0 $0
SHERMAN L RAGLAND DIRECTOR 0.50
Director
$0 $0 $0
JEFF S ROSEN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS B SMYTH DIRECTOR 0.50
Director
$0 $0 $0
EILEEN AUEN DIRECTOR 0.50
Director
$0 $0 $0
JOHN J MEASE JR VICE PRESIDENT/ CFO 50.00
Key Emp
$184,594 $13,383 $197,977
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 $11,057,875 $9,580,323 $122,225,421 $1,477,552
2023 $15,208,535 $9,346,653 $112,019,400 $5,861,882
2022 $17,012,996 $10,336,888 $103,275,008 $6,676,108
2021 $15,736,271 $6,132,741 $110,009,045 $9,603,530
2020 $6,797,411 $6,678,784 $86,448,337 $118,627
2019 $9,767,784 $6,675,082 $86,551,744 $3,092,702
2018 $7,970,589 $5,792,446 $80,654,470 $2,178,143
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