Elon University

EIN: 560532303 501(c)(3) Education

Elon, NC

Total Revenue
$441,401,510
Total Expenses
$435,481,777
Total Assets
$1,249,999,745
Net Assets
$959,979,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
NC
Phone
3362785428
Tax Period
2024-06-01 to 2025-05-31

Elon University, founded in 1901, is a major nonprofit in the Education sector that reported $441.4M in total revenue in fiscal year 2024. Net assets of $960.0M represent 26 months of operating reserves.

Mission

ELON UNIVERSITY'S MISSION IS TO TRANSFORM THE MIND, BODY, AND SPIRIT AND ENCOURAGE FREEDOM OF THOUGHT AND LIBERTY OF CONSCIENCE. THE UNIVERSITY PROVIDES A LIBERAL ARTS UNDERGRADUATE CURRICULUM AND GRADUATE PROGRAMS.

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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 $24,183,747
Program Service Revenue $402,610,014
Investment Income $-465,416
Other Revenue $15,073,165
TOTAL REVENUE $441,401,510

Expense Breakdown

Grants Paid $98,401,943
Salaries & Benefits $187,009,311
Fundraising Expenses $9,138,004
Program Expenses $374,180,543
Other Expenses $150,022,523
TOTAL EXPENSES $435,481,777

Year-over-Year Comparison

2024 2023 Change
Revenue $441,401,510 $412,993,975 +0.1%
Expenses $435,481,777 $398,332,753 +0.1%
Net Income $5,919,733 $14,661,222 -0.6%
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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Governance

Voting Members
37
Independent Members
37
Employees
4885
Volunteers
3582

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
3
$1,739,871
Total Directors
37
$0
Key Employees
3
$1,184,708
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allen E Gant Jr Trustee 1.0
Director
$0 $0 $0
Charles R Clohan Trustee 1.0
Director
$0 $0 $0
Chris P Martin Trustee 1.0
Director
$0 $0 $0
Dalton L McMichael Jr Trustee 1.0
Director
$0 $0 $0
David C Porter Chair 1.0
Director
$0 $0 $0
Debra Del Vecchio Trustee 1.0
Director
$0 $0 $0
Dr William N P Herbert Trustee 1.0
Director
$0 $0 $0
Edmond N Moriarty Past - Chair 1.0
Director
$0 $0 $0
Edward W Doherty Trustee 1.0
Director
$0 $0 $0
Elizabeth Kwon Trustee 1.0
Director
$0 $0 $0
Howard F Arner Trustee 1.0
Director
$0 $0 $0
James A Hendrickson Trustee 1.0
Director
$0 $0 $0
John B Replogle Trustee 1.0
Director
$0 $0 $0
John R Hill Trustee 1.0
Director
$0 $0 $0
Kebbler McGhee Williams Secretary 1.0
Director
$0 $0 $0
Kelli Palmer Trustee 1.0
Director
$0 $0 $0
Kerrii Brown Anderson Trustee 1.0
Director
$0 $0 $0
Lance Berberian Trustee 1.0
Director
$0 $0 $0
Larry Clark Trustee 1.0
Director
$0 $0 $0
Louis DeJoy Trustee 1.0
Director
$0 $0 $0
Mark T Mahaffey Trustee 1.0
Director
$0 $0 $0
Maurice N Jennings Jr Vice Chair 1.0
Director
$0 $0 $0
Megan Curling Trustee 1.0
Director
$0 $0 $0
Michele Skeens Hazel Trustee 1.0
Director
$0 $0 $0
Noel L Allen Trustee 1.0
Director
$0 $0 $0
Patricia Chadwick Trustee 1.0
Director
$0 $0 $0
Richard L Thompson Trustee 1.0
Director
$0 $0 $0
Robert B Bob Chandler Trustee 1.0
Director
$0 $0 $0
Robert E Long Jr Trustee 1.0
Director
$0 $0 $0
Rupinder Rupe Sidhu Trustee 1.0
Director
$0 $0 $0
The Rev Dr Marvin L Morgan Trustee 1.0
Director
$0 $0 $0
Toni P Brown Trustee 1.0
Director
$0 $0 $0
Victoria Silek Hunt Trustee 1.0
Director
$0 $0 $0
Wesley R Elinburg Trustee 1.0
Director
$0 $0 $0
William H Smith Trustee 1.0
Director
$0 $0 $0
William Slattery Trustee 1.0
Director
$0 $0 $0
William Williams III Trustee 1.0
Director
$0 $0 $0
Dr Constance L Book President 40.0
Officer
$646,310 $242,754 $889,064
Janet Williams VP for Finance and Administration 40.0
Officer
$382,676 $54,352 $437,028
Rebecca Kohn Provost, VP Academic Affairs 40.0
Officer
$360,739 $53,040 $413,779
Dr Jonathan C Dooley Vice Pres of Student Life 40.0
Key Emp
$247,710 $41,214 $288,924
James Piatt Vice Pres - Uni. Advancement 40.0
Key Emp
$379,079 $83,433 $462,512
Jennifer Strawley Director of Athletics 40.0
Key Emp
$366,581 $66,691 $433,272
Dr Raghuram Tadepalli Dean-School of Bus. 40.0
Highest
$357,812 $52,440 $410,252
Haya Ajjan Dean-School of Bus. 40.0
Highest
$316,931 $65,527 $382,458
Tony Trisciani Football Coach 40.0
Highest
$393,001 $49,247 $442,248
William Taylor Head Men's Basketball Coach 40.0
Highest
$467,446 $55,350 $522,796
Zak Kramer Dean and Prof. of Law 40.0
Highest
$315,343 $72,717 $388,060
David L Dave Blank Special Assistant to the President 40.0
$262,239 $52,674 $314,913
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 $441,401,510 $435,481,777 $1,249,999,745 $5,919,733
2024 $412,993,975 $398,332,753 $1,207,035,090 $14,661,222
2023 $389,061,937 $364,591,003 $1,089,819,472 $24,470,934
2022 $374,224,853 $328,173,984 $1,076,200,947 $46,050,869
2021 $352,222,203 $303,110,997 $1,051,841,524 $49,111,206
2020 $328,453,491 $314,796,690 $893,737,232 $13,656,801
2019 $333,468,210 $310,790,295 $901,041,945 $22,677,915
2018 $311,393,468 $286,156,692 $886,158,883 $25,236,776
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