THOMAS MORE UNIVERSITY INC (EIN 610448560) - 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

1921

Legal Domicile

Principal Officer

DR JOSEPH L CHILLO

Phone

8593443352

Tax Period

2024-06-01 to 2025-05-31

THOMAS MORE UNIVERSITY INC, founded in 1921, is a mid-sized nonprofit in the Education sector that reported $83.2M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.4M, a strong 19% operating margin.

Mission

TO DEVELOP AND SUSTAIN CHALLENGING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL PROGRAMS OF STUDY, MARKED BY SUPERIOR TEACHING AND SCHOLARSHIP WITHIN THE CATHOLIC INTELLECTUAL TRADITION.

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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 $19,979,895

Program Service Revenue $56,877,749

Investment Income $5,884,913

Other Revenue $427,199

TOTAL REVENUE $83,169,756

Expense Breakdown

Grants Paid $28,733,938

Salaries & Benefits $18,922,972

Fundraising Expenses $1,325,490

Program Expenses $53,058,120

Other Expenses $20,125,621

TOTAL EXPENSES $67,782,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,169,756	$57,634,303	+0.4%
Expenses	$67,782,531	$62,540,787	+0.1%
Net Income	$15,387,225	$-4,906,484	-4.1%

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

797

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

$737,785

Total Directors

$577,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOSEPH L CHILLO	PRESIDENT	37.50	Officer Director	$508,170	$69,160	$577,330
MOST REV JOHN C IFFERT	CHANCELLOR	0.50	Officer Director	$0	$0	$0
DR JUDITH A MARLOWE	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
THOMAS LUEKE	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
DANIEL E TOBERGTE	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW SCHAEFFER	TRUSTEE	0.50	Director	$0	$0	$0
DR DONALD SAELINGER	TRUSTEE	0.50	Director	$0	$0	$0
JOAN M ROBINSON	TRUSTEE	0.50	Director	$0	$0	$0
SR LESLIE KEENER	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL DEMPSEY	TRUSTEE	0.50	Director	$0	$0	$0
DR LAURA KOEHL	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS J DEPENBROCK	TRUSTEE	0.50	Director	$0	$0	$0
GARY BLANK	TRUSTEE	0.50	Director	$0	$0	$0
KIMBERLY HALBAUER	TRUSTEE	0.50	Director	$0	$0	$0
JOHN BANCHY	TRUSTEE	0.50	Director	$0	$0	$0
DR YVAN DEMOSTHENES	TRUSTEE	0.50	Director	$0	$0	$0
DR RACHEL LEHMKUHL	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH ROESEL	TRUSTEE	0.50	Director	$0	$0	$0
SUSAN STURGEON	TRUSTEE	0.50	Director	$0	$0	$0
TED ZALLA	TRUSTEE	0.50	Director	$0	$0	$0
FRANK FRITSCH	TRUSTEE	0.50	Director	$0	$0	$0
DR JAMES HORN	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT MCINTYRE	TRUSTEE	0.50	Director	$0	$0	$0
CHARLENE BARLOW	SECRETARY/ASSIST TO PRESIDENT (LEFT 08/19/25)	37.50	Officer	$56,613	$14,971	$71,584
RICHARD S ROLLINO	EXECUTIVE VP & CFO (BEGAN 7/15/24)	37.50	Officer	$72,788	$16,083	$88,871
DR KEVIN REYNOLDS	VP INSTITUTIONAL ADVANCEME	37.50	Highest	$175,192	$25,212	$200,404
DR JEROME LANGGUTH	VP & CHIEF ACADEMIC OFFICE	37.50	Highest	$128,698	$11,185	$139,883
DR BRUCE ROSENTHAL	DEAN COLLEGE OF BUSINESS	37.50	Highest	$105,812	$44,111	$149,923
DR KELLY FRENCH	VP STRATEGY & IMPACT	37.50	Highest	$118,394	$58,273	$176,667
DR KIM HAVERKOS	ASST. VP FOR ACADEMIC & STUDENT SUCCESS	37.50	Highest	$103,777	$49,898	$153,675

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	$83,169,756	$67,782,531	$126,843,899	$15,387,225
2024	$57,634,303	$62,540,787	$108,985,905	$-4,906,484
2023	$65,550,782	$60,137,500	$91,289,263	$5,413,282
2022	$65,917,717	$59,641,385	$76,960,441	$6,276,332
2021	$64,139,475	$54,079,708	$73,892,801	$10,059,767
2020	$54,134,088	$53,987,323	$61,728,256	$146,765
2019	$54,624,164	$52,661,072	$59,384,028	$1,963,092
2018	$52,891,689	$46,674,220	$58,506,524	$6,217,469

THOMAS MORE UNIVERSITY INC