UNIVERSITY OF RICHMOND (EIN 540505965) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1830

Legal Domicile

Principal Officer

DAVID B HALE

Phone

8042898150

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF RICHMOND, founded in 1830, is a major nonprofit in the Education sector that reported $449.6M in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $74.6M, a strong 17% operating margin.

Mission

TO OPERATE A UNIVERSITY FOR ACADEMIC SCIENTIFIC, AND PROFESSIONAL EDUCATION AND LEARNING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $30,385,865

Program Service Revenue $253,175,630

Investment Income $172,142,875

Other Revenue $42,618,391

TOTAL REVENUE $498,322,761

Expense Breakdown

Grants Paid $103,745,844

Salaries & Benefits $231,054,940

Fundraising Expenses $17,854,245

Program Expenses $398,404,843

Other Expenses $140,806,214

TOTAL EXPENSES $475,875,875

Year-over-Year Comparison

	2023	2022	Change
Revenue	$498,322,761	$471,311,543	+0.1%
Expenses	$475,875,875	$459,612,825	+0.0%
Net Income	$22,446,886	$11,698,718	+0.9%

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

4925

Volunteers

1798

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

$2,984,960

Total Directors

$1,603,662

Key Employees

$4,353,686

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MCLEAN	PRESIDENT AND CIO, SMC	40.0	Key Emp	$2,295,127	$413,240	$2,708,367
CHRISTOPHER MOONEY	BASKETBALL COACH	40.0	Highest	$1,566,934	$92,941	$1,659,875
KEVIN HALLOCK	PRESIDENT AND TRUSTEE	40.0	Officer Director	$1,051,350	$552,312	$1,603,662
KAREN WELCH	DEPUTY CIO, SMC	40.0	Highest	$1,272,625	$60,384	$1,333,009
JEFFREY HIRES	Managing Director, SMC	40.0	Highest	$861,604	$58,384	$919,988
Raymond Patrick Fishe	Professor of Finance	40.0	Highest	$824,432	$30,687	$855,119
Jonathan Moore	Chief Administrative Off, SMC	40.0	Highest	$748,400	$34,028	$782,428
DAVID HALE	EVP & COO/TREASURER	40.0	Officer	$647,004	$82,291	$729,295
RONALD CRUTCHER	FORMER PRESIDENT	40.0		$531,787	$51,631	$583,418
JEFFREY LEGRO	FORMER EVP & PROVOST	40.0		$488,733	$55,559	$544,292
WENDY PERDUE	DEAN, LAW	40.0	Key Emp	$474,938	$61,670	$536,608
STEPHANIE DUPAUL	VP FOR ENROLLMENT MANAGEMENT	40.0	Key Emp	$388,283	$48,460	$436,743
ANN LLOYD BREEDEN	SECRETARY, BOARD OF TRUSTEES	40.0	Officer	$296,942	$50,468	$347,410
JENNIFER CAVENAUGH	DEAN, SCHOOL OF ARTS & SCIENCE	40.0	Key Emp	$298,943	$43,961	$342,904
STEPHEN BISESE	VP, STUDENT DEVELOPMENT	40.0	Key Emp	$276,541	$52,523	$329,064
A JOAN SAAB	EVP & PROVOST (7/2023)	40.0	Officer	$281,702	$22,891	$304,593
R LEWIS BOGGS	RECTOR	2.0	Officer Director	$0	$0	$0
KATHLEEN HUGHES BETTENCOURT	VICE-RECTOR	2.0	Officer Director	$0	$0	$0
RUSSELL C BALL III	TRUSTEE	2.0	Director	$0	$0	$0
JEFF A BROWN	TRUSTEE	2.0	Director	$0	$0	$0
H HITER HARRIS III	TRUSTEE	2.0	Director	$0	$0	$0
SUSAN M HUMPHREVILLE	TRUSTEE	2.0	Director	$0	$0	$0
TRACEY H IVEY	TRUSTEE	2.0	Director	$0	$0	$0
REGINALD N JONES	TRUSTEE	2.0	Director	$0	$0	$0
MARY-BETH L NASH	TRUSTEE	2.0	Director	$0	$0	$0
AUSTIN P NEUHOFF	TRUSTEE	2.0	Director	$0	$0	$0
S GEORGIA NUGENT	TRUSTEE	2.0	Director	$0	$0	$0
ROBERT E RIGSBY	TRUSTEE	2.0	Director	$0	$0	$0
JOHN A ROUSH	TRUSTEE	2.0	Director	$0	$0	$0
WENDELL L TAYLOR	TRUSTEE	2.0	Director	$0	$0	$0
CYNTHIA L BORGER	TRUSTEE	2.0	Director	$0	$0	$0
MIHIR J PATEL	TRUSTEE	2.0	Director	$0	$0	$0
STEPHEN J ARONSON	TRUSTEE	2.0	Director	$0	$0	$0
STACY GARRETT-RAY	TRUSTEE	2.0	Director	$0	$0	$0
STEPHEN J KNEELEY	TRUSTEE	2.0	Director	$0	$0	$0
AJAY NAGPAL	TRUSTEE	2.0	Director	$0	$0	$0
Raegan W Morris	Trustee	2.0	Director	$0	$0	$0
Susan G Quisenberry	Trustee	2.0	Director	$0	$0	$0
Gregory S Rogowski	Trustee	2.0	Director	$0	$0	$0
Kevin R Seth	Trustee	2.0	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	$498,322,761	$475,875,875	$3,817,484,671	$22,446,886
2023	$471,311,543	$459,612,825	$3,705,697,925	$11,698,718
2022	$652,188,560	$420,959,502	$3,710,804,570	$231,229,058
2021	$713,801,637	$393,284,683	$3,926,462,707	$320,516,954
2020	$458,087,443	$390,988,842	$2,953,130,131	$67,098,601
2019	$477,643,608	$385,782,520	$3,050,580,741	$91,861,088
2018	$449,623,123	$374,981,434	$3,063,808,657	$74,641,689

UNIVERSITY OF RICHMOND