LENOIR-RHYNE UNIVERSITY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Phone

8283287100

Tax Period

2024-06-01 to 2025-05-31

LENOIR-RHYNE UNIVERSITY, founded in 1905, is a mid-sized nonprofit in the Education sector that reported $81.1M in total revenue in fiscal year 2024. Net assets of $220.3M represent 33 months of operating reserves.

Mission

PROVIDE EDUCATIONAL PROGRAMS AND CONFER UNDERGRADUATE DEGREES IN APPROXIMATELY 60 ACADEMIC PROGRAMS OF STUDY. THE UNIVERSITY OFFERS 57 DIFFERENT PROGRAMS OF STUDY FOR UNDERGRADUATES AND 24 DIFFERENT PROGRAMS FOR GRADUATE DEGREES.

Program Service Accomplishments

Program 1

Expenses: $59,036,077 Revenue: $53,678,109

EXPENSES RELATED TO PROVIDING THE PRIMARY PURPOSE OF EDUCATION FOR UNDERGRADUATE AND GRADUATE STUDENTS.

Program 2

Expenses: $5,448,626 Revenue: $10,771,185

AUXILIARY SERVICES - EXPENSES RELATED TO THE FUNCTION OF FURNISHING GOODS OR SERVICES TO STUDENTS, FACULTY, OR STAFF. EXAMPLES ARE RESIDENCE HALLS AND FOOD SERVICES.

Program 3

Expenses: $3,636,967 Revenue: $1,108,645

ACADEMIC SUPPORT - EXPENSES INCURRED TO PROVIDE SUPPORT SERVICES FOR THE INSTITUTION'S PRIMARY MISSION OF INSTRUCTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,996,086

Program Service Revenue $65,557,939

Investment Income $6,549,928

Other Revenue $-6,420

TOTAL REVENUE $81,097,533

Expense Breakdown

Grants Paid $25,400,110

Salaries & Benefits $28,205,570

Fundraising Expenses $2,336,616

Program Expenses $68,121,670

Other Expenses $28,881,017

TOTAL EXPENSES $82,486,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,097,533	$83,689,011	0.0%
Expenses	$82,486,697	$90,103,408	-0.1%
Net Income	$-1,389,164	$-6,414,397	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

926

Volunteers

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

$1,347,668

Total Directors

$584,488

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOYD C WILSON JR	VICE CHAIR	1.0	Officer Director	$0	$0	$0
DR FREDERICK K WHITT	PRESIDENT	40.0	Officer Director	$492,170	$92,318	$584,488
JANIE PARKS PEAK	TRUSTEE	1.0	Officer Director	$0	$0	$0
JEARLD LEONHARDT	TREASURER	1.0	Officer Director	$0	$0	$0
KATHERINE ESCH	SECRETARY	1.0	Officer Director	$0	$0	$0
MADELEINE S DASSOW	CHAIR	1.0	Officer Director	$0	$0	$0
BOYD GEORGE	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS PEEK	TRUSTEE	1.0	Director	$0	$0	$0
CORIE PAULING	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD BEARD JR	AT LARGE	1.0	Director	$0	$0	$0
GABRIELLE KELLY	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE A MORETZ	TRUSTEE	1.0	Director	$0	$0	$0
HANSEL R MCCRORIE	TRUSTEE	1.0	Director	$0	$0	$0
ISAIAH OGLESBY	TRUSTEE	1.0	Director	$0	$0	$0
KATHERINE MCKENZIE	TRUSTEE	1.0	Director	$0	$0	$0
LESLIE LAMBERT	TRUSTEE	1.0	Director	$0	$0	$0
MARGARET JACKSON	TRUSTEE	1.0	Director	$0	$0	$0
MARVIN S EDWARDS	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL THOMAS	TRUSTEE	1.0	Director	$0	$0	$0
PERRELL D BESS	TRUSTEE	1.0	Director	$0	$0	$0
REV CHRISTOPHER WEBB	TRUSTEE	1.0	Director	$0	$0	$0
REV DR ERIC CHILDERS	TRUSTEE	1.0	Director	$0	$0	$0
REV DR TIMOTHY M SMITH	TRUSTEE	1.0	Director	$0	$0	$0
RICK GOERES	TRUSTEE	1.0	Director	$0	$0	$0
STEPHANIE DELGADO	TRUSTEE	1.0	Director	$0	$0	$0
STEPHEN MISENHEIMER	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN CARTER	TRUSTEE	1.0	Director	$0	$0	$0
Catherine Niekro	VP Institutional Advancement	40.0	Officer	$194,175	$50,215	$244,390
Dr JENNIFER BURRIS	PROVOST & VP ACADEMIC AFFAIRS	40.0	Officer	$215,238	$51,271	$266,509
JEREMY SHREVE	VP BUSINESS & FINANCE	40.0	Officer	$193,108	$59,173	$252,281
Douglas Socha	Head Football Coach	40.0	Highest	$142,648	$31,341	$173,989
KIMBERLY PATE	VP ATHLETICS (ended 9/17/2024)	40.0	Highest	$152,646	$29,719	$182,365
LAURA CRAWLEY	VP MISSION ENGAGEMENT & INNOVATION (ended 8/01/2024)	40.0	Highest	$178,690	$29,741	$208,431
Loury Floyd	Assistant Provost for Academic Operations	40.0	Highest	$157,908	$31,775	$189,683
Wesley N Reid	Assistant Professor and Physician Assistant Studies Program Director	40.0	Highest	$117,441	$37,827	$155,268

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	$81,097,533	$82,486,697	$294,583,155	$-1,389,164
2024	$83,689,011	$90,103,408	$291,373,063	$-6,414,397
2023	$98,592,040	$100,020,015	$291,244,186	$-1,427,975
2022	$120,230,846	$95,782,413	$270,721,083	$24,448,433
2021	$101,403,823	$95,486,920	$251,750,614	$5,916,903
2020	$101,456,127	$95,813,092	$224,343,491	$5,643,035
2019	$101,646,884	$92,278,422	$218,883,870	$9,368,462
2018	$88,182,413	$84,135,836	$215,447,826	$4,046,577