University of Miami

EIN: 590624458 501(c)(3) Education

Coral Gables, FL

Total Revenue
$7,039,401,641
Total Expenses
$6,577,008,832
Total Assets
$8,896,386,052
Net Assets
$5,345,248,959
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
FL
Principal Officer
Ramon Coto
Phone
3052844877
Tax Period
2024-06-01 to 2025-05-31

University of Miami, founded in 1925, is a large national nonprofit in the Education sector that reported $7.0B in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $6.6B left a modest 7% surplus.

Mission

See Form 990, Part I, Line 1, Description of Organization Mission.

Program Service Accomplishments

Program 1
Expenses: $1,746,266,321 Revenue: $1,268,001,928

Instruction, academic support, student services:The University of Miami (UM) is a private not-for-profit institution with more than 19,000 students. The University's 12 colleges and schools offer the...

Read more

Instruction, academic support, student services:The University of Miami (UM) is a private not-for-profit institution with more than 19,000 students. The University's 12 colleges and schools offer the following degree options: 154 bachelors, 150 masters, and 70 doctoral (65 research/scholarship and 5 professional practice).The School of Architecture, founded in 1983, offers accredited professional undergraduate and graduate degrees in architecture and several post-professional graduate degrees. Programs include the professional Bachelor of Architecture (B.Arch) and the Master of Architecture (M.Arch); the post-professional Master of Science in Architecture (M.S.Arch) with 6 different tracks; the Master of Urban Design (M.U.D); the Master of Construction Management (M.C.M), the Master of Professional Science in Urban Sustainability and Resilience (MPS), and the Master of Real Estate Development and Urbanism (M.R.E.D.U.), an interdisciplinary one-year graduate program that combines the fundamentals of real estate development with livable community planning and design. The Master of Science in Data Science combines the teaching domain-specific and technical skills for analyzing large data sets.The College of Arts and Sciences enrolls over 3,800 undergraduate and 570 graduate students in 21 departments and 14 interdisciplinary programs. Seventeen departments offer graduate degrees in the fine arts, natural sciences, humanities, and social sciences.The College of Engineering comprises 6 departments that offer degrees in aerospace, architectural, biomedical, civil, computer, electrical, environmental, industrial, materials, chemical, and mechanical engineering. The College of Engineering offers five-year B.S./M.S. degree programs for our undergraduates, as well as traditional master's and doctoral degrees in a number of disciplines, with several specializations in several fields. Consistent with the tradition of collaboration among the University of Miami schools and colleges, engineering students participate in a number of interdisciplinary programs as well as joint research projects with other academic units at UM. Consisting of over 900 undergraduate students and over 330 graduate students, the College boasts an impressively diverse student body, consisting of students from 45 different countries. At the undergraduate level, 29.5% of the student population is Hispanic and 5.6% is Black. Females represent 38.9% of the students (15% higher than the national average, according to the most recent statistics from the American Society for Engineering Education).The School of Law presently enrolls over 1,200 candidates for either J.D., LL.M. or dual degrees, and has over 23,000 living alumni worldwide. The J.D. program enrolls over 990 students from more than 108 undergraduate institutions. Of the entering J.D. students, approximately 58% are women, 54% have been out of undergraduate school one year or more, and 14% are first-generation college students. The students are from 29 states plus DC, PR and 28 countries. 61% speak one or more foreign language. The School offers graduate programs in the areas of International Law, International Arbitration, Maritime Law, Entertainment, Art and Sports, Business, Constitutional Law, Criminal Law, Environment, Family, Health Care, Human Rights, Immigration, Intellectual Property, Litigation Arbitration and Dispute Resolution, Social Justice and Public Interest, Technology Law, Estate Planning, Taxation, and Real Property Development. The School also offers several joint degree programs. The law school offers a J.D./Master's in Music Industry, J.D./M.A. in Live Entertainment Management, J.D/M.A in Communications, and J.D/M.A. in Latin American Studies. In addition, the School offers a J.D./M.B.A., J.D./M.Acc, J.D./M.P.S. in Marine Ecosystems and Society, J.D./M.P.H. in Public Health, J.D./M.D., J.D./M.H.A-Health Administration, J.D./LL.M. in Tax, International Law, Maritime Law, Estate Planning, International Arbitration, or Real Property Development, and Entertainment, Arts and Sports Law, and a J.D./M.B.A./LL.M. in Tax, Real Property Development or Estate Planning. Concentrations are available in social justice and public interest, immigration, asylum and citizenship law, among others. The School has been ranked as one of the "20 Most Innovative Law Schools" by Pre-Law Magazine, and received an "A" in 7 areas of study in 2023. Its alumni are regularly featured in Super Lawyers Magazine. Miami Law was number 8 in numbers of Super Lawyers in 2023.The Leonard M. Miller School of Medicine has grown rapidly in both size and reputation, earning international acclaim for research, clinical care, and biomedical innovations. Over 850 medical students are joined by over 1,000 residents and fellows, over 750 graduate students and around 250 postdoctoral fellows, and we have one of the largest graduate medical education systems in the country. Along with the M.D. degree, the school offers a combined M.D./Ph.D. program, a 4-year and 5-year M.D./M.B.A. program, a 4-year and a 5-year M.D./M.P.H. program and 4-year M.D./M.S. in Genomic Medicine, a 6-year M.D./J.D. program, a M.D./M.S. in Global Medical Sciences, a 4-year M.D./Certificate in Security Management program, multiple scholarly pathways of emphasis, graduate degrees in ten areas, postdoctoral programs, and continuing medical education courses. The Accelerated Pathway to Residency Program offers qualifying students the opportunity to earn an M.D. in only 3 years, and can help students match with a residency program during their third year, getting a head start on practicing medicine.

Program 2
Expenses: $593,090,746 Revenue: $153,140,836

Amounts represent: tuition discounting, certain grants, expenses netted from revenues for GAAP purposes.

Program 3
Expenses: $3,688,859,135 Revenue: $4,050,501,873

Health Care:Located north of downtown Miami near the Civic Center in the Miami Health District, the Leonard M. Miller School of Medicine's campus consists of approximately 70-acres of owned and...

Read more

Health Care:Located north of downtown Miami near the Civic Center in the Miami Health District, the Leonard M. Miller School of Medicine's campus consists of approximately 70-acres of owned and leased land within the 153-acre University of Miami/Jackson Memorial Medical Center complex. Each year the University of Miami Health System's nearly 2,700 providers and scientists represent more than 100 specialties and subspecialties with outcomes that are among the best in the nation. The health system is comprised of Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, and UHealth Tower, operating within UMHC. UHealth is ranked among the best hospitals in Florida by U.S. News & World Report Best Hospitals. Sylvester Comprehensive Cancer Center is the only cancer center in South Florida designated by the National Cancer Institute. Bascom Palmer has been recognized as the number one eye hospital in the country for 24 years by U.S. News & World Report in its annual "America's Best Hospitals" issue. In addition to the University-owned hospital, there are also three primary hospitals affiliated with UHealth: Jackson Memorial Hospital, the primary teaching hospital for the medical school; Holtz Children's Hospital; and the Bruce W. Carter VA Medical Center. There are also about three dozen UHealth outpatient clinics across Miami-Dade, Broward, Palm Beach, and Collier counties. The Lennar Foundation Medical Center, located in Coral Gables, opened in 2016. The 206,000-square-foot diagnostic and treatment center provides the local community more convenient access to world-class medical care provided by UM physicians and specialists. It has been recognized as a national benchmark by Press Ganey and has been awarded the Pinnacle and Guardian of Excellence Awards. Recent expansions include UHealth Doral Medical Center, a six-story multispecialty facility in Downtown Doral, and UHealth SoLe Mia in North Miami, standing at seven stories.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,008,009,925
Program Service Revenue $5,825,358,169
Investment Income $197,326,302
Other Revenue $8,707,245
TOTAL REVENUE $7,039,401,641

Expense Breakdown

Grants Paid $791,373,249
Salaries & Benefits $3,197,836,879
Fundraising Expenses $22,490,985
Program Expenses $6,140,549,934
Other Expenses $2,587,798,704
TOTAL EXPENSES $6,577,008,832

Year-over-Year Comparison

2024 2023 Change
Revenue $7,039,401,641 $6,488,140,479 +0.1%
Expenses $6,577,008,832 $5,986,905,330 +0.1%
Net Income $462,392,809 $501,235,149 -0.1%
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

Sign In

Governance

Voting Members
53
Independent Members
45
Employees
31541
Volunteers
526

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
5
$12,875,102
Total Directors
53
$10,575,586
Key Employees
1
$4,277,083
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joseph Echevarria CEO University of Miami, CEO UHealth 80.00
Officer Director
$5,896,486 $840,858 $6,737,344
Julio Frenk President (thru 6/12/2024) 80.00
Officer Director
$3,080,098 $236,502 $3,316,600
Marc Buoniconti Trustee & Senior Director 20.00
Director
$199,208 $22,827 $347,035
Edward Dauer Trustee & Professor of Clinical 40.00
Director
$125,111 $44,496 $169,607
Devang Desai Trustee & Lecturer 10.00
Director
$5,000 $0 $5,000
Leonard Abess Trustee 1.00
Director
$0 $0 $0
Marivel Andreu Trustee 4.00
Director
$0 $0 $0
Hilarie Bass Trustee 2.00
Director
$0 $0 $0
Fred Berens Trustee 3.00
Director
$0 $0 $0
Tracey Berkowitz Trustee 2.00
Director
$0 $0 $0
Adam E Carlin Trustee 4.00
Director
$0 $0 $0
Wayne E Chaplin Trustee & Vice Chair 1.00
Director
$0 $0 $0
Charles E Cobb Trustee 0.00
Director
$0 $0 $0
Jaret Davis Trustee 3.00
Director
$0 $0 $0
Al Dotson Jr Trustee 1.00
Director
$0 $0 $0
Darren Dupriest Trustee 7.00
Director
$0 $0 $0
David L Epstein Trustee 5.00
Director
$0 $0 $0
Richard D Fain Trustee 6.00
Director
$0 $0 $0
Phillip Frost Trustee 5.00
Director
$0 $0 $0
Phillip T George Trustee 2.00
Director
$0 $0 $0
Rose Ellen Greene Trustee 1.00
Director
$0 $0 $0
Barbara Hecht Havenick Trustee 2.00
Director
$0 $0 $0
Wayne Holman Trustee 4.00
Director
$0 $0 $0
Manuel Kadre Trustee & Chair 15.00
Director
$0 $0 $0
Jayne Sylvester Malfitano Trustee 2.00
Director
$0 $0 $0
Jose R Mas Trustee 2.00
Director
$0 $0 $0
Patricia Menendez-Cambo Trustee 2.00
Director
$0 $0 $0
Stuart A Miller Trustee 20.00
Director
$0 $0 $0
William L Morrison Trustee & Vice Chair 20.00
Director
$0 $0 $0
Judi Prokop Newman Trustee 1.00
Director
$0 $0 $0
Aaron S Podhurst Trustee 10.00
Director
$0 $0 $0
Julia Quinn Trustee 2.00
Director
$0 $0 $0
Aneesha Raj Trustee 40.00
Director
$0 $0 $0
Alex E Rodriguez Trustee 1.00
Director
$0 $0 $0
Steven J Saiontz Trustee 2.00
Director
$0 $0 $0
Robert E Sanchez Trustee 5.00
Director
$0 $0 $0
Marvin R Shanken Trustee 1.00
Director
$0 $0 $0
Laurie S Silvers Trustee 5.00
Director
$0 $0 $0
HT Smith Jr Trustee 6.00
Director
$0 $0 $0
Jacquelyn R Soffer Trustee 0.00
Director
$0 $0 $0
E Roe Stamps IV Trustee 10.00
Director
$0 $0 $0
Kimberly Stone Trustee 0.00
Director
$0 $0 $0
Ronald G Stone Trustee 5.00
Director
$0 $0 $0
Daniel Sundheim Trustee 1.00
Director
$0 $0 $0
Alia Tutor Trustee 3.00
Director
$0 $0 $0
Hector Tundidor Jr Trustee 5.00
Director
$0 $0 $0
Ana VeigaMilton Trustee 4.00
Director
$0 $0 $0
Jonathan Vilma Trustee 0.00
Director
$0 $0 $0
Maribel C Wadsworth Trustee 2.00
Director
$0 $0 $0
David R Weaver Trustee 1.00
Director
$0 $0 $0
G Ed Williamson II Trustee 2.00
Director
$0 $0 $0
Roy Carrillo Zamora Trustee 30.00
Director
$0 $0 $0
Raymond J Zomerfeld Trustee 5.00
Director
$0 $0 $0
Rudy Fernandez EVP UM Operations & External Affairs 65.00
Officer
$1,351,450 $53,352 $1,404,802
Willy Prado EVP & Provost (Interim) 70.00
Officer
$979,138 $53,617 $1,032,755
Frances Davis Secretary to the Board 50.00
Officer
$315,412 $68,189 $383,601
Dipen Parekh COO UHealth, Chair Urology,Physician 80.00
Key Emp
$3,921,686 $355,397 $4,277,083
Mario Cristobal Head Coach, Football 80.00
Highest
$8,344,127 $66,762 $8,410,889
James Larranaga Head Coach, Men's Basketball 70.00
Highest
$3,666,904 $63,223 $3,730,127
Joseph Lamelas Chief Cardiac Surgery & Physician 85.00
Highest
$3,058,885 $53,333 $3,112,218
Dan Radakovich VP & Director of Athletics 70.00
Highest
$2,767,690 $68,401 $2,836,091
Michael Wang Physician & Professor 75.00
Highest
$2,424,713 $142,721 $2,567,434
Jeffrey Duerk EVP Academic Affairs & Provost (FMR) 60.00
$740,794 $77,306 $818,100
Leslie Dellinger Aceituno Secretary (FMR) 50.00
$179,745 $21,188 $200,933
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 $7,039,401,641 $6,577,008,832 $8,896,386,052 $462,392,809
2024 $6,488,140,479 $5,986,905,330 $7,774,309,683 $501,235,149
2023 $5,921,562,389 $5,495,599,586 $7,027,102,373 $425,962,803
2022 $5,466,904,190 $4,996,561,078 $6,582,591,173 $470,343,112
2021 $4,747,277,291 $4,213,261,617 $5,971,149,215 $534,015,674
2020 $4,245,244,592 $4,155,254,814 $5,539,608,618 $89,989,778
2019 $4,225,886,175 $3,968,695,786 $4,649,910,234 $257,190,389
2018 $3,773,242,846 $3,640,368,028 $4,400,922,871 $132,874,818
2017 $3,596,829,919 $3,424,427,382 $3,989,960,318 $172,402,537
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare University of Miami with other nonprofits in Florida and across the country.