Emory University

EIN: 580566256 501(c)(3) Education

Atlanta, GA

Total Revenue
$7,310,968,615
Total Expenses
$6,641,688,154
Total Assets
$22,212,258,173
Net Assets
$16,013,769,695
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1915
Legal Domicile
GA
Phone
4047271408
Tax Period
2023-09-01 to 2024-08-31

Emory University, founded in 1915, is a large national nonprofit in the Education sector that reported $7.3B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $6.6B left a modest 9% surplus.

Mission

EMORY UNIVERSITY'S MISSION IS TO CREATE, PRESERVE, TEACH, AND APPLY KNOWLEDGE IN THE SERVICE OF HUMANITY AND TO PROVIDE EXCELLENCE IN PATIENT CARE.

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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 $1,199,613,458
Program Service Revenue $5,305,481,342
Investment Income $763,936,395
Other Revenue $41,937,420
TOTAL REVENUE $7,310,968,615

Expense Breakdown

Grants Paid $636,544,761
Salaries & Benefits $3,141,116,405
Fundraising Expenses $36,703,376
Program Expenses $6,192,914,691
Other Expenses $2,862,755,189
TOTAL EXPENSES $6,641,688,154

Year-over-Year Comparison

2023 2022 Change
Revenue $7,310,968,615 $6,307,404,920 +0.2%
Expenses $6,641,688,154 $6,019,904,381 +0.1%
Net Income $669,280,461 $287,500,539 +1.3%
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

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Governance

Voting Members
39
Independent Members
36
Employees
26966
Volunteers
11800

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
14
$22,542,562
Total Directors
43
$2,432,608
Key Employees
20
$25,901,912
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY FENVES President 80.0
Officer Director
$1,858,603 $567,338 $2,425,941
ADAM H ROGERS Trustee 2.0
Director
$0 $0 $0
ALLEGRA LAWRENCE-HARDY Trustee 1.0
Director
$0 $0 $0
ALLISON DUKES Trustee 1.0
Director
$0 $0 $0
Andrew W EVANS Trustee 2.0
Director
$0 $0 $0
CRYSTAL EDMONSON Trustee 3.0
Director
$0 $0 $0
CYNTHIA M SANBORN Trustee 3.0
Director
$0 $0 $0
Darren W Cohen Trustee 1.0
Director
$0 $0 $0
DAVID GRAVES Trustee 1.0
Director
$6,667 $0 $6,667
DEBORAH A MARLOWE Trustee 2.0
Director
$0 $0 $0
E JENNER WOOD III Trustee 1.0
Director
$0 $0 $0
FACUNDO L BACARDI Trustee 1.0
Director
$0 $0 $0
GREGORY J VAUGHN Trustee 1.0
Director
$0 $0 $0
GREGORY V PALMER Trustee 1.0
Director
$0 $0 $0
JAMES WALKER BURNS Trustee 3.0
Director
$0 $0 $0
JAVIER C GOIZUETA Trustee 2.0
Director
$0 $0 $0
JOHN G RICE Trustee 4.0
Director
$0 $0 $0
JOHN L LATHAM Trustee 1.0
Director
$0 $0 $0
JONATHAN K LAYNE Trustee 1.0
Director
$0 $0 $0
KATHELEN AMOS Trustee 2.0
Director
$0 $0 $0
L JONATHAN HOLSTON Trustee 1.0
Director
$0 $0 $0
LEAH WARD SEARS Trustee 3.0
Director
$0 $0 $0
LEE P MILLER Trustee 2.0
Director
$0 $0 $0
MARK A WEINBERGER Trustee 1.0
Director
$0 $0 $0
MITCHELL A TANZMAN Trustee 3.0
Director
$0 $0 $0
MUHTAR KENT Trustee 1.0
Director
$0 $0 $0
RICK M RIEDER Trustee 1.0
Director
$0 $0 $0
ROBERT C GODDARD III Trustee 4.0
Director
$0 $0 $0
Robin Dease Trustee 1.0
Director
$0 $0 $0
ROSA TARBUTTON SUMTER Trustee 2.0
Director
$0 $0 $0
SARAH B BROWN Trustee 3.0
Director
$0 $0 $0
SHANTELLA CARR COOPER Trustee 2.0
Director
$0 $0 $0
STUART A ROSE Trustee 2.0
Director
$0 $0 $0
SUE HAUPERT-JOHNSON Trustee 1.0
Director
$0 $0 $0
Tania Neild Trustee 1.0
Director
$0 $0 $0
Tash Elwyn Trustee 1.0
Director
$0 $0 $0
TERESA M RIVERO Trustee 3.0
Director
$0 $0 $0
THOMAS I BARKIN Trustee 3.0
Director
$0 $0 $0
TIMOTHY C ROLLINS Trustee 3.0
Director
$0 $0 $0
WILLIAM A BROSIUS Trustee 2.0
Director
$0 $0 $0
WILLIAM C WARREN IV Trustee 1.0
Director
$0 $0 $0
WILLIAM H ROGERS JR Trustee 2.0
Director
$0 $0 $0
WILLIAM T McALILLY Trustee 1.0
Director
$0 $0 $0
ALLISON DYKES JOHNSON VP - University Secretary 60.0
Officer
$947,845 $70,733 $1,018,578
AMY ADELMAN Interim SVP General Counsel 65.0
Officer
$658,542 $51,014 $709,556
BELVA WHITE VP of Finance and Treasury 60.0
Officer
$496,342 $63,226 $559,568
Brad Slutsky SVP General Counsel 60.0
Officer
$0 $0 $0
CHRISTOPHER AUGOSTINI See Schedule J, Part III 65.0
Officer
$2,848,733 $359,028 $3,207,761
DELBRIDGE KING VP - Human Resources 60.0
Officer
$410,330 $55,705 $466,035
John Ellis Interim Chief Information Officer; Sr Vice Provost for Information Technology 60.0
Officer
$456,680 $66,688 $523,368
Joon S Lee MD CEO, Emory Healthcare 35.0
Officer
$0 $320,856 $2,815,716
Pimolrat Thukral VP of Finance & Treasury; Deputy CFO 60.0
Officer
$0 $0 $0
RAVI BELLAMKONDA Provost/Exec VP, Acad Affairs 65.0
Officer
$1,061,864 $201,476 $1,263,340
Ravi Thadhani MD MPH See Schedule J, Part III 65.0
Officer
$5,080,604 $66,575 $5,787,179
SRINIVAS PULAVARTI VP-Chief Investment Officer 60.0
Officer
$3,246,557 $51,305 $3,297,862
THERESA MILAZZO VP - Human Resources 60.0
Officer
$423,830 $43,828 $467,658
Adam C Webb MD COO EUHM 60.0
Key Emp
$423,213 $157,442 $724,060
Alistair Erskine MD MBAFAMIA Chief Information and Digital Officer (EHC) 30.0
Key Emp
$2,167,983 $239,069 $2,622,052
BRADLEY HAWS CFO Emory Healthcare 30.0
Key Emp
$0 $47,504 $1,692,031
BRYCE GARTLAND MD Hospital Group President EHC 35.0
Key Emp
$0 $264,688 $2,801,137
CARLA CHANDLER Hospital Group VP & CFO (EHC) 30.0
Key Emp
$0 $20,809 $678,227
CARLA FREEMAN Interim Dean - Emory College 45.0
Key Emp
$496,831 $51,902 $548,733
CARLOS DEL RIO MD Interim Dean, School of Medicine 60.0
Key Emp
$985,252 $42,674 $1,052,423
DANE PETERSON Interim CEO - EHC 30.0
Key Emp
$0 $494,418 $3,675,234
DANIEL OWENS CEO - Emory University Hospital Midtown 60.0
Key Emp
$1,459,918 $401,190 $2,091,558
DEBORAH BRUNER SVP RESEARCH 60.0
Key Emp
$525,547 $55,899 $581,446
ENKU GELAYE SVP -Dean of Campus Life 60.0
Key Emp
$504,506 $65,484 $569,990
HEATHER HAMBY CBO, SOM/Asc VP, Clin Intgrtn 60.0
Key Emp
$295,060 $54,860 $823,642
JOSHUA R NEWTON SVP - Adv. & Alum. Engagement 65.0
Key Emp
$825,481 $173,494 $998,975
LILICIA BAILEY Chief HR Officer (EHC) 30.0
Key Emp
$0 $132,809 $609,452
MATT WAIN President EHC Univ Hosp Div 30.0
Key Emp
$720,223 $205,601 $1,211,342
PATRICK HAMMOND Chief Market Services Officer, EHC 30.0
Key Emp
$0 $155,860 $1,024,791
Rochester Anderson Jr Chief HR Officer (EHC) 30.0
Key Emp
$0 $122,778 $815,123
SHARON PAPPAS Chief Nursing Officer - EHC 30.0
Key Emp
$0 $122,468 $850,825
VIKAS SUKHATME MD Dean, School of Medicine 45.0
Key Emp
$727,090 $63,263 $1,017,025
WILLIAM BORNSTEIN MD CMO & CQPSO (EHC) 30.0
Key Emp
$0 $168,704 $1,513,846
FAIZ U AHMAD MD Physician 0.0
Highest
$408,986 $76,751 $2,645,406
JOHN M RHEE MD Physician 0.0
Highest
$52 $61,810 $1,972,301
JOHN W XEROGEANES MD Physician 0.0
Highest
$52 $63,049 $2,815,586
PAUL J CHAI MD Physician 0.0
Highest
$0 $49,949 $2,237,000
SHERVIN OSKOUEI MD Physician 0.0
Highest
$28 $62,840 $2,373,462
CLAIRE STERK Former Officer 40.0
$365,630 $42,395 $408,025
DAVID STEPHENS MD Former Interim EVPHA 40.0
$643,588 $40,402 $1,188,775
GREG ANDERSON Former Key Employee 60.0
$337,014 $68,380 $450,055
JAN LOVE Former Officer 60.0
$468,065 $43,745 $511,810
JONATHAN S LEWIN MD Former Officer 40.0
$837,713 $310,198 $2,022,985
LIZ DAUNT-SAMFORD Former Key Employee 60.0
$339,798 $47,182 $432,880
PAUL P MARTHERS Former Officer 45.0
$399,639 $64,329 $463,968
SARA SHOCKLEY Former Key Employee 20.0
$0 $39,288 $403,862
SHEILA SANDERS Former Key Employee 30.0
$0 $17,403 $360,540
STEPHEN D SENCER Former Officer 0.0
$0 $0 $375,000
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
2024 $7,310,968,615 $6,641,688,154 $22,212,258,173 $669,280,461
2023 $6,307,404,920 $6,019,904,381 $20,858,634,955 $287,500,539
2022 $6,366,155,640 $5,454,891,990 $20,137,797,781 $911,263,650
2021 $5,533,550,104 $4,984,531,745 $20,337,113,893 $549,018,359
2020 $4,755,859,486 $4,580,406,497 $16,836,981,124 $175,452,989
2019 $4,745,388,583 $4,386,211,714 $14,816,952,045 $359,176,869
2018 $4,531,249,482 $4,048,263,821 $14,174,398,357 $482,985,661
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