TRANSYLVANIA UNIVERSITY

EIN: 610444825 501(c)(3) Education

Lexington, KY

Total Revenue
$66,491,830
Total Expenses
$68,860,956
Total Assets
$252,651,160
Net Assets
$188,776,473
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1780
Legal Domicile
KY
Principal Officer
Lisa Custardo
Phone
8592338100
Tax Period
2022-07-01 to 2023-06-30

TRANSYLVANIA UNIVERSITY, founded in 1780, is a mid-sized nonprofit in the Education sector that reported $66.5M in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $188.8M represent 34 months of operating reserves.

Mission

Post-secondary education

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,299,336
Program Service Revenue $48,781,963
Investment Income $12,135,073
Other Revenue $1,275,458
TOTAL REVENUE $66,491,830

Expense Breakdown

Grants Paid $24,587,088
Salaries & Benefits $23,954,648
Fundraising Expenses $1,296,340
Program Expenses $60,788,049
Other Expenses $20,319,220
TOTAL EXPENSES $68,860,956

Year-over-Year Comparison

2022 2021 Change
Revenue $66,491,830 $57,979,581 +0.1%
Expenses $68,860,956 $64,217,503 +0.1%
Net Income $-2,369,126 $-6,237,922 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
31
Employees
857
Volunteers
100

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
4
$0
Total Directors
32
$0
Key Employees
12
$2,277,822
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Brien Lewis President 40
Key Emp
$417,361 $41,682 $459,043
Sarah Coen Vice President for Strategic Initiatives and Enrollment Management 40
Key Emp
$187,280 $30,681 $217,961
S Rebecca Thomas Vice President for Academic Affairs and Dean of the University 40
Key Emp
$181,416 $29,300 $210,716
Shawn Lyons Vice President for Advancement 40
Key Emp
$184,409 $23,874 $208,283
Nelson Murphy Vice President for Finance and Business 40
Key Emp
$164,193 $24,791 $188,984
Johnnie Johnson Vice President for Admissions 40
Key Emp
$147,414 $18,300 $165,714
Michael Covert Vice President for Student Life and Dean of Students 40
Key Emp
$128,117 $24,503 $152,620
G Rod Erfani Professor 40
Highest
$123,416 $27,116 $150,532
Charles Jack Girard Professor 40
Highest
$115,423 $33,674 $149,097
Michael Cairo Professor 40
Highest
$112,090 $33,374 $145,464
Megan Moloney Vice President for Marketing and Communication 40
Key Emp
$124,584 $18,489 $143,073
Holly Sheilley Vice President for Athletics 40
Key Emp
$123,567 $18,398 $141,965
Don Dugi Professor 40
Highest
$122,239 $18,278 $140,517
Veronica Dean-Thacker Professor of Foreign Languages 40
Highest
$116,259 $17,740 $133,999
Rhyan Conyers Vice President for Institutional Effectiveness 40
Key Emp
$110,520 $22,920 $133,440
Deepa Dubal Vice President for Information Technology 40
Key Emp
$113,788 $17,069 $130,857
Deidra Dennie Vice President for Diversity and Inclusion 40
Key Emp
$114,391 $10,775 $125,166
Falguni Amin-Zimmerman Board Member 1
Director
$0 $0 $0
Glen S Bagby Board Member 1
Director
$0 $0 $0
Mindy G Barfield Board Member 1
Director
$0 $0 $0
George Branch Board Member 1
Director
$0 $0 $0
Betsy Brooks Bulleit Board Member 1
Director
$0 $0 $0
Karen K Caldwell Board Member 1
Director
$0 $0 $0
Aristides S Candris Vice-Chair of the Board and Board Member 1
Officer Director
$0 $0 $0
Todd Clark Board Member 1
Director
$0 $0 $0
Raymond K Cooper II Board Member 1
Director
$0 $0 $0
Shawna A Corman Board Member 1
Director
$0 $0 $0
Norwood Cowgill Jr Chairman of the Board and Board Member 1
Officer Director
$0 $0 $0
Luther Deaton Jr Treasurer of the Board and Board Member 1
Officer Director
$0 $0 $0
Rose Mary Stamler Dow Secretary of the Board and Board Member 1
Officer Director
$0 $0 $0
Michael C Finley Board Member 1
Director
$0 $0 $0
Charisse Gillett Board Member 1
Director
$0 $0 $0
Laura R Harper Board Member 1
Director
$0 $0 $0
Sherry D Holley Board Member 1
Director
$0 $0 $0
David C Johnson Board Member 1
Director
$0 $0 $0
John Knapp Board Member 1
Director
$0 $0 $0
Prakash T Maggan Board Member 1
Director
$0 $0 $0
Samuel J Mitchell Jr Board Member 1
Director
$0 $0 $0
William C Oehmig Board Member 1
Director
$0 $0 $0
Billie Jo Setzer Board Member 1
Director
$0 $0 $0
Joe M Thomson Board Member 1
Director
$0 $0 $0
Palmer G Vance II Board Member 1
Director
$0 $0 $0
George M VanMeter Jr Board Member 1
Director
$0 $0 $0
John N Williams Jr Board Member 1
Director
$0 $0 $0
Ann Orme Windley Board Member 1
Director
$0 $0 $0
Brian C Wood Board Member 1
Director
$0 $0 $0
Byron Young Board Member 1
Director
$0 $0 $0
Christopher H Young Board Member 1
Director
$0 $0 $0
William T Young Jr Board Member 1
Director
$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 No data No data No data No data
2023 $66,491,830 $68,860,956 $252,651,160 $-2,369,126
2022 $57,979,581 $64,217,503 $249,634,669 $-6,237,922
2021 $70,586,888 $59,754,162 $268,650,228 $10,832,726
2020 $55,763,422 $55,781,525 $235,942,352 $-18,103
2019 $63,019,479 $57,255,553 $244,884,187 $5,763,926
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