UNIVERSITY OF TULSA

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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

1894

Legal Domicile

Principal Officer

BRAD CARSON

Phone

9186313244

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF TULSA, founded in 1894, is a major nonprofit in the Education sector that reported $301.8M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Net assets of $1.5B represent 59 months of operating reserves.

Mission

BOOK COLLECTIONS AND OTHER ART ARE HELD IN THE UNIVERSITY'S SPECIAL COLLECTIONS HOUSED IN MCFARLIN LIBRARY. THESE ARE NOT FOR PUBLIC VIEWING BUT ARE HELD FOR SCHOLARLY RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $259,636,241 Revenue: $189,872,815

INSTRUCTION - THE UNIVERSITY SERVED APPROXIMATELY 2,647 UNDERGRADUATE AND 1,122 GRADUATE STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2023. THIS CATEGORY INCLUDES DIRECT INSTRUCTION COSTS AS WELL AS...

INSTRUCTION - THE UNIVERSITY SERVED APPROXIMATELY 2,647 UNDERGRADUATE AND 1,122 GRADUATE STUDENTS IN FISCAL YEAR ENDING JUNE 30, 2023. THIS CATEGORY INCLUDES DIRECT INSTRUCTION COSTS AS WELL AS HOUSING, DINING, STUDENT SERVICES, ATHLETICS, AUXILIARY ACTIVITIES, AND STUDENT AID. IT ALSO INCLUDES THE PORTION OF PLANT MAINTENANCE RELATED TO EDUCATION ACTIVITIES.

Program 2

Expenses: $6,865,580 Revenue: $16,768,069

PUBLIC SERVICE - THIS ITEM INCLUDES 2 PUBLIC RADIO STATIONS, A SPEECH AND HEARING CLINIC, AND SEVERAL ACADEMIC JOURNALS. IT ALSO INCLUDES A PORTION OF PLANT MAINTENANCE RELATED TO PUBLIC SERVICE...

PUBLIC SERVICE - THIS ITEM INCLUDES 2 PUBLIC RADIO STATIONS, A SPEECH AND HEARING CLINIC, AND SEVERAL ACADEMIC JOURNALS. IT ALSO INCLUDES A PORTION OF PLANT MAINTENANCE RELATED TO PUBLIC SERVICE ACTIVITIES.

Program 3

Expenses: $16,529,585 Revenue: $6,604,271

RESEARCH - THE INSTITUTION RECEIVES GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES AS WELL AS FROM THE PRIVATE SECTOR. THE MAJOR PORTION OF THE INSTITUTION'S RESEARCH IS IN THE FIELDS OF PETROLEUM...

RESEARCH - THE INSTITUTION RECEIVES GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES AS WELL AS FROM THE PRIVATE SECTOR. THE MAJOR PORTION OF THE INSTITUTION'S RESEARCH IS IN THE FIELDS OF PETROLEUM AND CHEMICAL ENGINEERING. IT ALSO INCLUDES A PORTION OF PLANT AND MAINTENANCE RELATED TO RESEARCH ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $58,641,468

Program Service Revenue $213,245,155

Investment Income $29,287,829

Other Revenue $607,805

TOTAL REVENUE $301,782,257

Expense Breakdown

Grants Paid $92,138,922

Salaries & Benefits $118,512,283

Fundraising Expenses $4,874,280

Program Expenses $283,031,407

Other Expenses $100,746,139

TOTAL EXPENSES $311,397,344

Year-over-Year Comparison

	2022	2021	Change
Revenue	$301,782,257	$346,906,577	-0.1%
Expenses	$311,397,344	$286,895,597	+0.1%
Net Income	$-9,615,087	$60,010,980	-1.2%

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

2796

Volunteers

1757

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

$2,842,444

Total Directors

$742,752

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP MONTGOMERY	FORMER HEAD FOOTBALL COACH	40.0	Highest	$1,474,267	$20,120	$1,494,387
ERIC KONKOL	MENS HEAD BASKETBALL COACH	40.0	Highest	$1,249,608	$13,299	$1,262,907
BRAD CARSON	PRESIDENT	40.0	Officer Director	$707,206	$35,546	$742,752
RICHARD DICKSON	VP & DIRECTOR OF ATHLETICS	40.0	Officer	$507,920	$13,336	$521,256
FRANK HAITH	FORMER MENS BASKETBALL COACH	40.0	Highest	$498,673	$5,345	$504,018
BARBARA ABERCROMBIE	VP & CHIEF HUMAN RESOURCES	40.0	Highest	$419,586	$6,346	$425,932
ERIC SCHICK	CHIEF FINANCIAL OFFICER	40.0	Officer	$377,036	$27,640	$404,676
LISA BENNETT	CLINICAL ASST PROF NURSING	40.0	Highest	$375,636	$17,410	$393,046
JANET LEVIT	PROF/FORMER PRES & GEN COUNSEL	40.0		$361,965	$9,791	$371,756
KAYLA HALE	VP ADVANCEMENT & ALUMNI ENG	40.0	Officer	$310,655	$9,439	$320,094
JENNIFER BENNETT	CHIEF OF STAFF & TRANSFORM	40.0	Officer	$252,330	$6,041	$258,371
MICHAEL D THESENVITZ	ASSOCIATE VP AND CONTROLLER	40.0	Officer	$190,149	$31,068	$221,217
GEORGE JUSTICE	PROVOST & EXECUTIVE VP	40.0	Officer	$200,434	$17,534	$217,968
CHERYL ANN DIXON	GENERAL COUNSEL	40.0	Officer	$142,287	$13,823	$156,110
CLIFTON L TAULBERT	TRUSTEE	1.0	Director	$0	$0	$0
THOMAS COOPER	TRUSTEE	1.0	Director	$0	$0	$0
MARCIA MOTT MACLEOD	TRUSTEE/CHAIR	1.0	Officer Director	$0	$0	$0
JOHN FORREST MD	TRUSTEE	1.0	Director	$0	$0	$0
DANA S WEBER	TRUSTEE	1.0	Director	$0	$0	$0
ALBERT MYRES SR	TRUSTEE	1.0	Director	$0	$0	$0
BYRON SANDERS	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT THOMAS JR	TRUSTEE	1.0	Director	$0	$0	$0
ROBYN EWING	TRUSTEE	1.0	Director	$0	$0	$0
JERRY R GEISLER III	TRUSTEE	1.0	Director	$0	$0	$0
CAROL ADELSON	TRUSTEE	1.0	Director	$0	$0	$0
DAVID CHARNEY	TRUSTEE	1.0	Director	$0	$0	$0
DAVID HARRIS	TRUSTEE	1.0	Director	$0	$0	$0
FRAUKE PETERSEN	TRUSTEE	1.0	Director	$0	$0	$0
JANA SHOULDER	TRUSTEE	1.0	Director	$0	$0	$0
JOHN WITTINGTON FRANKLIN	TRUSTEE	1.0	Director	$0	$0	$0
MARK MARRA	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL EPPS	TRUSTEE	1.0	Director	$0	$0	$0
MIKE CASE	TRUSTEE	1.0	Director	$0	$0	$0
PAULA KUYKENDALL	TRUSTEE	1.0	Director	$0	$0	$0
RANDI WIGHTMAN	TRUSTEE	1.0	Director	$0	$0	$0
SUZANNE WARREN	TRUSTEE	1.0	Director	$0	$0	$0
TOMAS PORTER	TRUSTEE	1.0	Director	$0	$0	$0
DANA KUEHN	TRUSTEE	1.0	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	$301,782,257	$311,397,344	$1,636,061,084	$-9,615,087
2022	$346,906,577	$286,895,597	$1,631,798,445	$60,010,980
2021	$321,403,576	$274,161,542	$1,745,122,340	$47,242,034
2020	$292,120,959	$305,172,638	$1,474,689,627	$-13,051,679
2019	$295,190,113	$304,354,649	$1,535,930,838	$-9,164,536
2018	$331,806,681	$294,089,384	$1,539,891,437	$37,717,297