Nova Southeastern University Inc (EIN 591083502) - 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

1964

Legal Domicile

Principal Officer

Dr Harry K Moon

Phone

9542625258

Tax Period

2023-07-01 to 2024-06-30

Nova Southeastern University Inc, founded in 1964, is a large national nonprofit in the Education sector that reported $1.0B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $957.7M left a modest 6% surplus.

Mission

Nova Southeastern University's primary activity is to provide educational services. See Part III.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,158,261

Program Service Revenue $891,512,657

Investment Income $38,949,724

Other Revenue $8,431,437

TOTAL REVENUE $1,024,052,079

Expense Breakdown

Grants Paid $166,827,210

Salaries & Benefits $443,427,826

Fundraising Expenses $4,183,012

Program Expenses $823,963,922

Other Expenses $347,243,121

TOTAL EXPENSES $957,673,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,052,079	$937,818,588	+0.1%
Expenses	$957,673,254	$886,692,937	+0.1%
Net Income	$66,378,825	$51,125,651	+0.3%

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

Governance

Voting Members

Independent Members

Employees

8979

Volunteers

2053

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

$2,959,338

Total Directors

$1,882,049

Key Employees

$2,259,926

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George L Hanbury II PhD	President/Chief Executive Officer	37.50	Officer Director	$1,330,212	$551,837	$1,882,049
Ronald G Assaf	Trustee	2.00	Director	$0	$0	$0
Walter L Banks Sr	Trustee	2.00	Director	$0	$0	$0
Mitchell W Berger	Trustee	2.00	Director	$0	$0	$0
Rita Case	Trustee	2.00	Director	$0	$0	$0
Suzi Cordish	Trustee	1.50	Director	$0	$0	$0
R Douglas Donn	Trustee	1.50	Director	$0	$0	$0
James Donnelly	Trustee	1.50	Director	$0	$0	$0
Arthur J Falcone	Trustee	2.00	Director	$0	$0	$0
Steven J Halmos	Trustee	1.50	Director	$0	$0	$0
Carol Harrison Kalagher	Trustee	2.00	Director	$0	$0	$0
Milton L Jones Jr	Trustee	2.00	Director	$0	$0	$0
Barbara Trebbi Landry	Trustee	2.00	Director	$0	$0	$0
Alan B Levan	Trustee	7.75	Director	$0	$0	$0
Nell McMillan Lewis	Trustee	2.00	Director	$0	$0	$0
Albert J Miniaci	Trustee	1.50	Director	$0	$0	$0
Samuel F Morrison	Secretary	1.50	Officer Director	$0	$0	$0
Anthony N Ottaviani	Trustee	1.50	Director	$0	$0	$0
Charles L Palmer	Chair	5.00	Director	$0	$0	$0
Kiran C Patel	Trustee	1.50	Director	$0	$0	$0
George Platt	Trustee	1.50	Director	$0	$0	$0
Martin R Press	Trustee	2.00	Director	$0	$0	$0
Paul M Sallarulo	Trustee	1.50	Director	$0	$0	$0
Barry J Silverman	Vice Chair	2.00	Director	$0	$0	$0
J Kenneth Tate	Trustee	2.00	Director	$0	$0	$0
Zachariah P Zachariah	Trustee	2.00	Director	$0	$0	$0
Michael Zager	Trustee	2.50	Director	$0	$0	$0
Harry K Moon	Exec VP & COO	37.50	Officer	$567,380	$54,184	$621,564
Alyson Silva	VP Finance & CFO	37.50	Officer	$396,442	$59,283	$455,725
Elaine M Wallace	Dean - Coll of Osteopathic Medicine	37.50	Key Emp	$728,530	$50,330	$778,860
Ronald Chenail	Provost/Exec VP Acad Affairs	37.50	Key Emp	$473,182	$54,420	$527,602
Guy Nehrenz	Interim Dean-Coll of Hlth Care Scs	37.50	Key Emp	$244,658	$45,916	$290,574
Stanley Wilson	Interim Dean-Coll of Hlth Care Scs	37.50	Key Emp	$222,312	$43,866	$266,178
Daniel Alfonso	VP Facilities Management	37.50	Key Emp	$348,245	$48,467	$396,712
Johannes G Vieweg	Dean - Coll Of Allopathic Medicine	37.50	Highest	$707,312	$54,557	$761,869
Steven Kaltman	Dean - Coll of Dental Medicine	37.50	Highest	$434,323	$53,148	$487,471
Ray Ferrero	University Chancellor	37.50	Highest	$404,929	$57,417	$462,346
Brad Williams	Snr VP Enrollment Mmgmt & Stud Affrs	37.50	Highest	$458,710	$43,887	$502,597
Robert Pietrykowski	VP Human Resources	37.50	Highest	$394,413	$29,512	$423,925
Frederick Lippman	Former Key Employee	37.50		$289,062	$30,716	$319,778
Irving Rosenbaum	Former Key Employee	37.50		$302,494	$40,769	$343,263

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	$1,024,052,079	$957,673,254	$2,090,842,277	$66,378,825
2023	$937,818,588	$886,692,937	$1,990,847,965	$51,125,651
2022	$878,104,649	$811,108,948	$1,951,921,009	$66,995,701
2021	$836,787,691	$747,310,890	$1,812,347,063	$89,476,801
2020	$777,842,794	$753,646,826	$1,601,599,606	$24,195,968
2019	$732,703,021	$703,706,589	$1,546,343,253	$28,996,432
2018	$765,461,217	$674,797,007	$1,441,984,594	$90,664,210

Nova Southeastern University Inc