STETSON UNIVERSITY INC

EIN: 590624416 501(c)(3) Education

Deland, FL

Total Revenue
$250,437,317
Total Expenses
$265,955,642
Total Assets
$741,017,064
Net Assets
$498,709,051
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1883
Legal Domicile
FL
Principal Officer
Jeremy Digorio
Phone
3868227015
Tax Period
2023-07-01 to 2024-06-30

STETSON UNIVERSITY INC, founded in 1883, is a major nonprofit in the Education sector that reported $250.4M in total revenue in fiscal year 2023.

Mission

Our mission at Stetson University is to provide an excellent education in a creative community where learning and values meet, and to foster in students the qualities of mind and heart that will prepare them to reach their full potential as informed citizens of local communities and the world.

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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 $22,873,888
Program Service Revenue $203,140,960
Investment Income $19,766,940
Other Revenue $4,655,529
TOTAL REVENUE $250,437,317

Expense Breakdown

Grants Paid $108,331,094
Salaries & Benefits $89,264,563
Fundraising Expenses $4,732,149
Program Expenses $243,497,142
Other Expenses $68,359,985
TOTAL EXPENSES $265,955,642

Year-over-Year Comparison

2023 2022 Change
Revenue $250,437,317 $245,230,702 +0.0%
Expenses $265,955,642 $254,996,021 +0.0%
Net Income $-15,518,325 $-9,765,319 +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

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Liquidity & Cash Position

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Governance

Voting Members
33
Independent Members
32
Employees
2555
Volunteers
37

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
8
$2,246,120
Total Directors
33
$605,697
Key Employees
1
$182,903
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher F Roellke President/Trustee 70
Officer Director
$523,032 $82,665 $605,697
Noel Painter Former EVP and Provost 60
$477,725 $59,168 $536,893
Jeffrey Altier Athletic Director 60
Officer
$316,886 $37,013 $353,899
Darryl Wilson Professor of Law and Associate Dean 40
Highest
$272,022 $43,090 $315,112
Rebecca Morgan Professor of Law 40
Highest
$263,695 $51,219 $314,914
Peter Lake Professor of Law 40
Highest
$266,656 $45,015 $311,671
Donald Jones Basketball Coach 40
Highest
$233,253 $54,047 $287,300
Jeremy DiGorio VP and CFO 60
Officer
$255,947 $25,575 $281,522
Elizabeth Skomp EVP and Provost 60
Officer
$230,394 $50,161 $280,555
John Downey VP of Campus Life and Student Success 60
Officer
$240,318 $37,042 $277,360
Kristen Adams Former Dean of Law School 60
$221,883 $45,942 $267,825
Elizabeth Boals Professor of Law 40
Highest
$244,375 $15,701 $260,076
Krista Bofill EVP and CDO 60
Officer
$229,919 $23,111 $253,030
Frank R Huth Former EVP and CFO 60
$188,966 $43,729 $232,695
Theresa J Pulley Radwan Former Interim Dean and Professor of Law School 60
$205,823 $20,801 $226,624
Jeffrey Gates Senior VP - Enrollment Management and Marketing 60
Officer
$161,451 $32,606 $194,057
Bruce Chong Former VP for University Marketing and Communication 60
$179,885 $5,693 $185,578
D Benjamin Barros Dean and Professor of Law School 60
Key Emp
$153,426 $29,477 $182,903
Amy K Gipson Former Interim VP - Development and Alumni Engagement 60
$130,707 $45,473 $176,180
Larry Correll-Hughes Former Co-Interim VP for CLaSS and Executive Director of Residential Living and Learning 60
$108,890 $41,382 $150,272
Lynn Schoenberg Former Co-Interim VP for CLaSS and Dean of Students 60
$122,564 $14,465 $137,029
Steven Alexander Trustee 0
Director
$0 $0 $0
Scott E Boore Trustee 0
Director
$0 $0 $0
Maureen Breakiron-Evans Trustee 0
Director
$0 $0 $0
Susan P Brockway Trustee 0
Director
$0 $0 $0
Cynthia R Brown Trustee 0
Director
$0 $0 $0
J Hyatt Brown Trustee 0
Director
$0 $0 $0
Yvonne Chang Trustee 0
Director
$0 $0 $0
Katherine Cobb Trustee 0
Director
$0 $0 $0
Gregory Coleman Trustee 0
Director
$0 $0 $0
Joe R Cooper Trustee 0
Director
$0 $0 $0
Bruce Dahlgren Trustee 0
Director
$0 $0 $0
Michael T Davis Trustee 0
Director
$0 $0 $0
Richard C George Trustee 0
Director
$0 $0 $0
B Diane Hayes Trustee 0
Director
$0 $0 $0
R Dean Hollis Trustee 0
Director
$0 $0 $0
Thomas M Horton Trustee 0
Director
$0 $0 $0
Lila A Jaber Trustee 0
Director
$0 $0 $0
Jill K Jinks Trustee 0
Director
$0 $0 $0
Laurel Kent Trustee 0
Director
$0 $0 $0
Brenda H Lopez Trustee 0
Director
$0 $0 $0
Christine E Lynn Trustee 0
Director
$0 $0 $0
Joshua Magidson Trustee 0
Director
$0 $0 $0
Scott Marcello Trustee 0
Director
$0 $0 $0
Simone Marstiller Trustee 0
Director
$0 $0 $0
Luis Prats Trustee 0
Director
$0 $0 $0
Amy P Quinn Trustee 0
Director
$0 $0 $0
Amy P Rigdon Trustee 0
Director
$0 $0 $0
David B Rinker Trustee 0
Director
$0 $0 $0
Orestes Santos Trustee 0
Director
$0 $0 $0
William Voges Trustee 0
Director
$0 $0 $0
Megan Weinberger Trustee 0
Director
$0 $0 $0
Michele Zahn Trustee 0
Director
$0 $0 $0
Ricky Ray Athletic Director 60
Officer
$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 $250,437,317 $265,955,642 $741,017,064 $-15,518,325
2023 $245,230,702 $254,996,021 $663,746,635 $-9,765,319
2022 $291,629,402 $250,822,027 $652,792,817 $40,807,375
2021 $288,494,091 $246,585,474 $684,046,890 $41,908,617
2020 $246,563,024 $241,344,995 $588,771,463 $5,218,029
2019 $250,632,704 $236,531,473 $541,540,027 $14,101,231
2018 $248,069,650 $223,271,930 $523,358,318 $24,797,720
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