SHENANDOAH UNIVERSITY

EIN: 540525605 501(c)(3) Education

WINCHESTER, VA

Total Revenue
$172,357,275
Total Expenses
$149,319,133
Total Assets
$349,560,824
Net Assets
$242,546,373
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Financial Trends

Organization Details

Formation Year
1875
Legal Domicile
VA
Principal Officer
TRACY FITZSIMMONS
Phone
5406654500
Tax Period
2024-07-01 to 2025-06-30

SHENANDOAH UNIVERSITY, founded in 1875, is a major nonprofit in the Education sector that reported $126.9M in total revenue in fiscal year 2017.

Mission

SHENANDOAH UNIVERSITY EDUCATES AND INSPIRES INDIVIDUALS TO BE CRITICAL, REFLECTIVE THINKERS; LIFELONG LEARNERS, AND ETHICAL, COMPASSIONATE CITIZENS WHO ARE COMMITTED TO MAKING RESPONSIBLE CONTRIBUTIONS WITHIN A COMMUNITY, A NATION AND THE WORLD. A SHENANDOAH UNIVERSITY EDUCATION INCORPORATES SCHOLARSHIP, EXPERIENTIAL LEARNING AND SOPHISTICATED TECHNOLOGIES AS WELL AS PRACTICAL WISDOM. THE UNIVERSITY PROVIDES STUDENTS WITH THE ACADEMIC CONTENT AND ANALYTICAL SKILLS THEY WILL NEED TO LAUNCH SUCCESSFUL CAREERS, AND HARNESS TECHNOLOGIES THAT WILL ENABLE THEM TO CREATE NEW IDEAS, PRODUCTS AND SERVICES THAT IMPACT A GLOBAL SOCIETY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,539,795
Program Service Revenue $140,669,309
Investment Income $7,148,171
Other Revenue $0
TOTAL REVENUE $172,357,275

Expense Breakdown

Grants Paid $33,488,862
Salaries & Benefits $71,561,464
Fundraising Expenses $1,808,949
Program Expenses $131,332,154
Other Expenses $44,268,807
TOTAL EXPENSES $149,319,133

Year-over-Year Comparison

2024 2023 Change
Revenue $172,357,275 $170,968,040 +0.0%
Expenses $149,319,133 $148,108,781 +0.0%
Net Income $23,038,142 $22,859,259 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
32
Independent Members
28
Employees
3013
Volunteers
300

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
11
$1,731,722
Total Directors
32
$0
Key Employees
3
$665,987
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES U IMOH CHAIR 0.00
Officer Director
$0 $0 $0
W MICHAEL PERRY VICE CHAIR 0.00
Officer Director
$0 $0 $0
LAUREN PETERSON SECRETARY 0.00
Officer Director
$0 $0 $0
ROBERT J FROGALE TREASURER 0.00
Officer Director
$0 $0 $0
WALTER H AIKENS TRUSTEE 0.00
Director
$0 $0 $0
DAVID B BAXA TRUSTEE 0.00
Director
$0 $0 $0
DR J GREGORY BENNETT TRUSTEE 0.00
Director
$0 $0 $0
SUSAN CARROLL TRUSTEE 0.00
Director
$0 $0 $0
PAUL BATTISTA TRUSTEE 0.00
Director
$0 $0 $0
DR KYLE FELDMAN TRUSTEE 0.00
Director
$0 $0 $0
STEVEN FREDERICKSON TRUSTEE 0.00
Director
$0 $0 $0
SCOTT HARVARD TRUSTEE 0.00
Director
$0 $0 $0
THE REV DR VICTOR GOMEZ TRUSTEE 0.00
Director
$0 $0 $0
CHELSEA HESTER TRUSTEE 0.00
Director
$0 $0 $0
JESSIE HOOKER-BAILEY TRUSTEE 0.00
Director
$0 $0 $0
BRUCE E HUNTER TRUSTEE 0.00
Director
$0 $0 $0
DIANE S KEARNS TRUSTEE 0.00
Director
$0 $0 $0
SPENCER MCANDREWS TRUSTEE 0.00
Director
$0 $0 $0
MARJORIE S LEWIS TRUSTEE 0.00
Director
$0 $0 $0
KEITH A MAY TRUSTEE 0.00
Director
$0 $0 $0
SCOTT F MILLER TRUSTEE 0.00
Director
$0 $0 $0
J RANDALL MINCHEW TRUSTEE 0.00
Director
$0 $0 $0
DR M YAQUB MIRZA TRUSTEE 0.00
Director
$0 $0 $0
MARK J OHRSTROM TRUSTEE 0.00
Director
$0 $0 $0
CECIL PRUITT JR TRUSTEE 0.00
Director
$0 $0 $0
MARY FARLAND SHOCKEY TRUSTEE 0.00
Director
$0 $0 $0
JOHN D STOKELY JR TRUSTEE 0.00
Director
$0 $0 $0
JAMES A STUTZMAN JR TRUSTEE 0.00
Director
$0 $0 $0
CHARLES A VEATCH TRUSTEE 0.00
Director
$0 $0 $0
HEATHER H WILSON TRUSTEE 0.00
Director
$0 $0 $0
GERALD F SMITH JR TRUSTEE 0.00
Director
$0 $0 $0
JAMES R WILKINS III TRUSTEE 0.00
Director
$0 $0 $0
TRACY FITZSIMMONS PRESIDENT AND REGISTERED AGENT 40.00
Officer
$363,848 $72,445 $436,293
MITCHELL L MOORE SENIOR VP AND VP FOR ADVANCEMENT 40.00
Officer
$212,949 $43,771 $256,720
PHILIP EVANS VP FOR ADMIN. & GENERAL COUNSEL 40.00
Officer
$205,443 $23,889 $229,332
YOLANDA BARBIER GIBSON VP FOR STUDENT AFFAIRS 40.00
Officer
$166,509 $29,254 $195,763
SCOTT SPRIGGS VP FOR RECRUIT. & CHIEF CREATIVE OFFICER 40.00
Officer
$149,542 $37,772 $187,314
COURTNEY JARRETT VP FOR FINANCE AND CFO 40.00
Officer
$170,587 $42,117 $212,704
KAREN ABRAHAM PROVOST 40.00
Officer
$199,535 $14,061 $213,596
MICHAEL STEPNIAK EXECUTIVE DEAN-CREATIVITY 40.00
Key Emp
$169,872 $22,601 $192,473
ROBERT KIDD DEAN OF PHARMACY 40.00
Key Emp
$225,906 $44,983 $270,889
JEFF COKER DEAN-ARTS & SCIENCE (INT. DEAN-BUS.) 40.00
Key Emp
$162,923 $39,702 $202,625
ARTHUR HARRALSON PROFESSOR OF PHARMACOGENOMICS 40.00
Highest
$185,354 $42,065 $227,419
JOHN O'CONOR PROFESSOR KEYBOARD DIVISION 40.00
Highest
$169,064 $30,058 $199,122
TIMOTHY BLOOM PROFESSOR BIOPHARMACEUTICAL SCIENCES 40.00
Highest
$165,229 $30,274 $195,503
ZARA RISOLDI PROFESSOR, PHARMACY PRACTICE 40.00
Highest
$158,284 $29,968 $188,252
MICHELLE GAMBER ASSOC. PROF., GRADUATE PUBLIC HEALTH 40.00
Highest
$168,527 $18,753 $187,280
ASTRID SHEIL FORMER DEAN-SCHOOL OF BUSINESS 40.00
$102,912 $11,296 $114,208
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 $172,357,275 $149,319,133 $349,560,824 $23,038,142
2024 No data No data No data No data
2023 $149,163,647 $144,223,335 $298,681,973 $4,940,312
2022 $144,576,424 $137,500,548 $281,737,506 $7,075,876
2021 $145,533,392 $129,821,525 $288,184,110 $15,711,867
2020 $128,402,437 $130,031,075 $263,006,503 $-1,628,638
2019 $126,554,454 $128,638,642 $263,243,280 $-2,084,188
2018 $126,866,643 $125,796,772 $260,741,208 $1,069,871
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