BELLARMINE UNIVERSITY INCORPORATED (EIN 610482955) - 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

1950

Legal Domicile

Principal Officer

DENISE BROWN-CORNELIUS

Phone

5022728263

Tax Period

2024-06-01 to 2025-05-31

BELLARMINE UNIVERSITY INCORPORATED, founded in 1950, is a major nonprofit in the Education sector that reported $144.5M in total revenue in fiscal year 2024.

Mission

BELLARMINE UNIVERSITY EDUCATES STUDENTS THROUGH UNDERGRADUATE AND GRADUATE PROGRAMS IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES. THE UNIVERSITY IS AN INDEPENDENT CATHOLIC UNIVERSITY SERVING THE REGION, NATION, AND WORLD THROUGH 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,105,365

Program Service Revenue $124,203,935

Investment Income $5,095,363

Other Revenue $3,136,315

TOTAL REVENUE $144,540,978

Expense Breakdown

Grants Paid $65,791,849

Salaries & Benefits $50,269,045

Fundraising Expenses $2,444,176

Program Expenses $130,778,738

Other Expenses $32,421,980

TOTAL EXPENSES $148,595,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,540,978	$147,897,340	0.0%
Expenses	$148,595,955	$147,185,353	+0.0%
Net Income	$-4,054,977	$711,987	-6.7%

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

1523

Volunteers

360

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

$1,971,227

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD J KELLY	CHAIR	2.00	Director	$0	$0	$0
JAMES R ALLEN CFA	VICE CHAIR & TREASURER	2.00	Director	$0	$0	$0
SHARON E DES JARLAIS	SECRETARY	2.00	Director	$0	$0	$0
MARSHALL BRADLEY JR	TRUSTEE	2.00	Director	$0	$0	$0
J MCCAULEY BROWN	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN BROWN	TRUSTEE	2.00	Director	$0	$0	$0
KRISTEN BYRD	TRUSTEE	2.00	Director	$0	$0	$0
RUSSELL F COX	TRUSTEE	2.00	Director	$0	$0	$0
JESSE FLYNN	TRUSTEE	2.00	Director	$0	$0	$0
C EDWARD GLASSCOCK	TRUSTEE	2.00	Director	$0	$0	$0
JAMES HECK	TRUSTEE	2.00	Director	$0	$0	$0
JA HILLEBRAND	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL HOBBS	TRUSTEE	2.00	Director	$0	$0	$0
TIM HOURIGAN	TRUSTEE	2.00	Director	$0	$0	$0
TOBY KING	TRUSTEE	2.00	Director	$0	$0	$0
DR MARK LYNN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL J MACKIN	TRUSTEE	2.00	Director	$0	$0	$0
JAMES MATTINGLY	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM E MUDD	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN G MULLINS	TRUSTEE	2.00	Director	$0	$0	$0
DR CAROLE PFEFFER	TRUSTEE	2.00	Director	$0	$0	$0
BRADFORD T RAY	TRUSTEE	2.00	Director	$0	$0	$0
JOE REEVES	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN TANDY	TRUSTEE	2.00	Director	$0	$0	$0
TOM L THOMAS	TRUSTEE	2.00	Director	$0	$0	$0
DOUG WHYTE	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN M DONOVAN	PRESIDENT	40.00	Officer	$468,154	$25,785	$493,939
LAUREN ASHLEY KEELING	VP ENROLLMENT, MARKETING, & COMMUNICATIONS	40.00	Officer	$114,668	$16,634	$131,302
SEAN RYAN	SR. VP ADMIN, STRATGETIC I	40.00	Officer	$234,147	$30,019	$264,166
MICHAEL JOHN MARSHALL	VP ENROLLMENT, MARKETING, & COMMUNICATIONS (END 6/	40.00	Officer	$97,421	$9,570	$106,991
HELEN-GRACE RYAN	VP STUDENT AFFAIRS	40.00	Officer	$201,583	$8,508	$210,091
DAVID SCOTT SELF	VP INSTITUTIONAL ADVANCEME	40.00	Officer	$233,012	$29,011	$262,023
MARY DENISE BROWN-CORNELIUS	VP FINANCE AND FACILITIES	40.00	Officer	$226,706	$16,709	$243,415
MARK R WIEGAND	VP ACADEMIC AFFAIRS & PROVOST	40.00	Officer	$242,144	$17,156	$259,300
SCOTT DAVENPORT	HEAD COACH MEN'S BASKETBAL	40.00	Highest	$380,965	$23,141	$404,106
DIANE G BRUCE	DEAN, SCHOOL OF BUSINESS	40.00	Highest	$221,162	$20,983	$242,145
KAREN GOLEMBOSKI	PROFESSOR, MED LAB SCIENCE	40.00	Highest	$190,536	$5,034	$195,570
CARLY JAYNE MITCHELL	ASST. PROFESSOR OF NURSING	40.00	Highest	$180,156	$364	$180,520
ROBERT J EGER	ENDOWED CHAIRPERSON OF DEPT OF ACCOUNTING	40.00	Highest	$185,407	$18,705	$204,112

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	$144,540,978	$148,595,955	$195,882,019	$-4,054,977
2024	$147,897,340	$147,185,353	$201,108,500	$711,987
2023	$135,917,745	$147,016,777	$201,723,628	$-11,099,032
2022	$143,865,138	$146,075,723	$217,471,957	$-2,210,585
2021	$141,961,561	$143,336,880	$234,131,453	$-1,375,319
2020	$143,108,613	$138,652,961	$224,151,602	$4,455,652
2019	$139,771,034	$137,307,939	$221,456,711	$2,463,095
2018	$141,096,106	$139,723,722	$222,444,567	$1,372,384

BELLARMINE UNIVERSITY INCORPORATED