William Marsh Rice University (EIN 741109620) - 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

1908

Legal Domicile

Phone

7133480000

Tax Period

2024-07-01 to 2025-06-30

William Marsh Rice University, founded in 1908, is a large national nonprofit in the Education sector that reported $1.6B in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $265.9M, a strong 16% operating margin.

Mission

Research and 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 $349,500,594

Program Service Revenue $637,395,127

Investment Income $608,457,896

Other Revenue $40,348,171

TOTAL REVENUE $1,635,701,788

Expense Breakdown

Grants Paid $301,634,224

Salaries & Benefits $639,129,566

Fundraising Expenses $28,386,108

Program Expenses $987,065,032

Other Expenses $429,001,334

TOTAL EXPENSES $1,369,765,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,635,701,788	$1,423,437,172	+0.1%
Expenses	$1,369,765,124	$1,273,179,891	+0.1%
Net Income	$265,936,664	$150,257,281	+0.8%

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

9622

Volunteers

2847

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

$15,822,090

Total Directors

$2,074,566

Key Employees

$2,984,433

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reginald Desroches	President	40.0	Officer Director	$1,640,959	$433,607	$2,074,566
Asuka Nakahara	Trustee	2.0	Director	$0	$0	$0
Bart Broadman	Trustee	2.0	Director	$0	$0	$0
Brandy Morrison	Trustee	2.0	Director	$0	$0	$0
Brian Patterson	Trustee	2.0	Director	$0	$0	$0
Byron Pope	Trustee	2.0	Director	$0	$0	$0
Cathryn Selman	Trustee	2.0	Director	$0	$0	$0
Claudia Gee Vassar	Trustee	2.0	Director	$0	$0	$0
Elle Anderson	Trustee	2.0	Director	$0	$0	$0
Elle Moody	Trustee	2.0	Director	$0	$0	$0
George Gonzalez	Trustee	2.0	Director	$0	$0	$0
Gloria Tarpley	Trustee	2.0	Director	$0	$0	$0
Holli Ladhani	Trustee	2.0	Director	$0	$0	$0
James Whitehurst	Trustee	2.0	Director	$0	$0	$0
Jennifer Kneale	Trustee	2.0	Director	$0	$0	$0
Jeremy Thigpen	Trustee	2.0	Director	$0	$0	$0
Joshua Earnest	Trustee	2.0	Director	$0	$0	$0
Lori Whitten	Trustee	2.0	Director	$0	$0	$0
Mark Durcan	Trustee	2.0	Director	$0	$0	$0
Michael Yuen	Trustee	2.0	Director	$0	$0	$0
Michol L Ecklund	Trustee	2.0	Director	$0	$0	$0
Patricia Kraft	Trustee	2.0	Director	$0	$0	$0
Randa Duncan Williams	Trustee	2.0	Director	$0	$0	$0
Robert T Ladd	Chair, Board of Trustees	5.0	Director	$0	$0	$0
Terrence Gee	Trustee	2.0	Director	$0	$0	$0
Vinay Pai	Trustee	2.0	Director	$0	$0	$0
Allison Thacker	Chief Investment Officer, Treasurer, Assistant Secretary	40.0	Officer	$2,885,616	$89,596	$2,975,212
Amy Dittmar	Provost and Executive Vice President for Academic Affairs	40.0	Officer	$880,805	$204,052	$1,084,857
Bradley Fralic	Associate VP Finance, Controller, Associate Treasurer	40.0	Officer	$305,511	$66,021	$371,532
Brian Padley	VP for Information Technology and Chief Information Officer	40.0	Officer	$423,061	$64,688	$487,749
Caroline Levander	VP for Global	40.0	Officer	$400,584	$132,088	$532,672
Cindy Melton	Associate Vice President, Investments and Associate Treasurer	40.0	Officer	$574,152	$88,683	$662,835
Claire Nelson	Associate Treasurer and Assistant Secretary	40.0	Officer	$251,994	$74,341	$326,335
Diana X Garcia	Director of Treasury and Finance and Associate Treasurer	40.0	Officer	$197,074	$51,361	$248,435
Joseph Davidson	Senior Associate General Counsel and Assistant Secretary	40.0	Officer	$397,161	$77,483	$474,644
Katrina Spencer	Senior Associate Vice President, CFO, Treasurer and Assistant Secretary	40.0	Officer	$472,837	$33,399	$506,236
Kelly Fox	Executive VP for Finance and Administration, Associate Treasurer and Assistant Secretary	40.0	Officer	$816,653	$193,651	$1,010,304
Kenneth Jett	Vice President Facilities & Capital Construction & President Rice Real Estate	40.0	Officer	$454,130	$69,119	$523,249
Melinda Spaulding Chevalier	Vice President of Public Affairs	40.0	Officer	$528,014	$95,205	$623,219
Omar Syed	Vice President, General Counsel and Secretary	40.0	Officer	$562,190	$75,251	$637,441
Paul Cherukuri	Vice President for Innovation	40.0	Officer	$291,842	$135,833	$427,675
Ramesh Ramamoorthy	Executive VP for Research	40.0	Officer	$770,402	$212,861	$983,263
Stephen Bayer	Vice President for Development & Alumni Relations	40.0	Officer	$957,601	$118,607	$1,076,208
Veta Byrd-Perez	Senior Associate General Counsel and Assistant Secretary	40.0	Officer	$273,915	$78,804	$352,719
Yvonne Romero	Dean for Admissions and Financial Aid	40.0	Officer	$378,582	$64,357	$442,939
Luay Nakhleh	Dean of George R. Brown School of Engineering	40.0	Key Emp	$591,674	$39,243	$630,917
Peter Rodriguez	Dean of Jones Graduate Business School of Business	40.0	Key Emp	$877,414	$76,746	$954,160
Thomas Killian	Dean of Wiess School of Natural Sciences	40.0	Key Emp	$470,918	$71,372	$542,290
Thomas McClelland	Director of Athletics	40.0	Key Emp	$764,895	$92,171	$857,066
Bernard Banks	Associate Professor	40.0	Highest	$779,357	$42,680	$822,037
Brent Smith	Associate Professor	40.0	Highest	$1,096,446	$74,965	$1,171,411
Craig Beech	Investment Manager	40.0	Highest	$1,001,444	$85,891	$1,087,335
John Lawrence	Investment Manager	40.0	Highest	$1,097,039	$75,669	$1,172,708
Michael Bloomgren	Football Coach	40.0	Highest	$1,008,819	$63,205	$1,072,024
David Leebron	Former President	40.0		$483,745	$76,256	$560,001
Eno-Obong Oregbesan	Former Officer	40.0		$180,965	$48,044	$229,009
Jeffrey Barnes	Former Officer	40.0		$250,480	$32,274	$282,754
Jeffrey Falk	Former Officer	40.0		$236,722	$31,390	$268,112
Larry Perez	Former Officer	40.0		$168,428	$47,529	$215,957
Peter Rossky	Former Dean	40.0		$409,346	$76,312	$485,658
Robert Yekovich	Former Dean	40.0		$499,044	$58,257	$557,301
Ronica Smucker	Former Officer	40.0		$336,444	$71,898	$408,342
Seiichi Matsuda	Former Interim Provost	40.0		$387,559	$54,280	$441,839

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	$1,635,701,788	$1,369,765,124	$11,183,685,000	$265,936,664
2024	$1,423,437,172	$1,273,179,891	$10,652,732,029	$150,257,281
2023	$1,125,640,523	$1,143,616,109	$9,240,780,818	$-17,975,586
2022	$1,372,497,739	$1,038,722,151	$9,509,125,671	$333,775,588
2021	$1,279,950,788	$1,001,174,859	$10,374,585,000	$278,775,929
2020	$976,544,472	$925,337,559	$8,424,555,000	$51,206,913
2019	$1,130,483,738	$878,410,449	$8,666,210,650	$252,073,289
2018	$1,004,368,830	$815,227,423	$8,306,983,906	$189,141,407

William Marsh Rice University