LYNN UNIVERSITY INC (EIN 591023117) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

KEVIN ROSS

Phone

5612377946

Tax Period

2024-07-01 to 2025-06-30

LYNN UNIVERSITY INC, founded in 1962, is a major nonprofit in the Education sector that reported $159.7M in total revenue in fiscal year 2024.

Mission

TAX INDEMNIFICATION AND GROSS-UP PAYMENTS CERTAIN INDIVIDUALS ARE REIMBURSED FOR TRAVEL EXPENSES AS PART OF THEIR EMPLOYMENT CONTRACT. THE AMOUNTS ARE GROSSED UP FOR TAX PAYMENT AND REPORTING PURPOSES. GROSS UPS ARE APPROVED BY THE BOARD OF TRUSTEES OR HUMAN RESOURCES. DISCRETIONARY SPENDING ACCOUNT THE PRESIDENT HAS A DISCRETIONARY SPENDING ACCOUNT WHICH IS PART OF HIS EMPLOYMENT CONTRACT AND IS INCLUDED IN HIS TAXABLE COMPENSATION. HOUSING ALLOWANCE: THE PRESIDENT OF LYNN UNIVERSITY IS REQUIRED TO OCCUPY UNIVERSITY OWNED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. THE BENEFIT IS EXCLUDED FROM TAXABLE COMPENSATION PURSUANT TO IRC SECTION 119 BUT IS INCLUDED AS NONTAXABLE COMPENSATION.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,553,590

Program Service Revenue $143,600,551

Investment Income $2,765,424

Other Revenue $2,806,573

TOTAL REVENUE $159,726,138

Expense Breakdown

Grants Paid $50,365,230

Salaries & Benefits $60,704,924

Fundraising Expenses $4,705,896

Program Expenses $135,133,217

Other Expenses $48,686,687

TOTAL EXPENSES $159,756,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,726,138	$150,358,371	+0.1%
Expenses	$159,756,841	$151,429,416	+0.1%
Net Income	$-30,703	$-1,071,045	-1.0%

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

Governance

Voting Members

Independent Members

Employees

1526

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

$2,029,595

Total Directors

$1,178,072

Key Employees

$1,106,380

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE E LYNN	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
JAMES MILBY	TRUSTEE	2.00	Director	$0	$0	$0
JAN CARLSSON	TRUSTEE	2.00	Director	$0	$0	$0
JEFF PERLMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN LANGAN	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN M ROSS	PRESIDENT	40.00	Officer Director	$882,446	$295,626	$1,178,072
PAUL A ROBINO	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN SNYDER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VICTORIA RIXON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM J REHRIG	TRUSTEE	2.00	Director	$0	$0	$0
R BRAD OSBORNE JR	TRUSTEE	2.00	Director	$0	$0	$0
PETER SMITH	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN G BONIFORTI	CHIEF STRATEGY & TECH OFFICER	40.00	Officer	$533,291	$61,330	$594,621
DAVID DUDGEON	GENERAL COUNSEL	40.00	Officer	$227,340	$29,562	$256,902
GARETH P FOWLES	VP FOR ENROLLMENT MANAGEMENT	40.00	Key Emp	$470,529	$27,428	$497,957
KATRINA MARIE CARTER-TELLISON	VP FOR ACADEMIC AFFAIRS	40.00	Key Emp	$317,364	$53,900	$371,264
KRISTELL LOWE THRU 724	VP OF CAMPUS OPERATIONS	40.00	Key Emp	$205,768	$31,391	$237,159
AARON GREENBERG	SVP FOR DEVELOPMENT & ADMINISTRATION	40.00	Highest	$202,204	$48,704	$250,908
ANTHONY R ALTIERI	VP FOR STUDENT LIFE	40.00	Highest	$236,734	$18,554	$255,288
MICHAEL P PETROSKI	ACADEMIC DEAN	40.00	Highest	$237,076	$28,769	$265,845
RALPH T GOOD	DEAN COLLEGE OF BUSINESS	40.00	Highest	$216,742	$33,157	$249,899
SHERRIE WELDON	CHIEF MARKETING OFFICER	40.00	Highest	$264,649	$43,691	$308,340

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	$159,726,138	$159,756,841	$217,796,942	$-30,703
2024	$150,358,371	$151,429,416	$223,851,505	$-1,071,045
2023	$146,004,996	$147,308,356	$205,073,464	$-1,303,360
2022	$137,894,406	$133,155,601	$202,054,235	$4,738,805
2021	$119,511,324	$119,200,665	$203,973,646	$310,659
2020	$135,393,687	$127,469,329	$202,368,133	$7,924,358
2019	$119,960,208	$122,440,999	$197,249,246	$-2,480,791
2018	$112,111,193	$116,212,958	$190,610,768	$-4,101,765

LYNN UNIVERSITY INC