University of St Thomas

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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

1947

Legal Domicile

Phone

7135256960

Tax Period

2023-07-01 to 2024-06-30

University of St Thomas, founded in 1947, is a major nonprofit in the Education sector that reported $135.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $128.3M left a modest 5% surplus.

Mission

We are the University of St. Thomas, the Catholic University in the heart of Houston. We are committed to the Catholic intellectual tradition and the dialogue between faith and reason. By pursuing excellence in teaching, scholarship and service, we embody and instill in our students the core values of our founders, the Basilian Fathers: goodness, discipline and knowledge. We foster engagement in a diverse, collaborative community. The University of St. Thomas is a comprehensive university, grounded in the liberal arts. Committed to the unity of all knowledge, we offer programs in the traditional liberal arts, professional, and skill-based disciplines. Graduates of the University of St. Thomas think critically, communicate effectively, succeed professionally, and lead ethically.

Program Service Accomplishments

Program 1

Expenses: $58,839,124 Revenue: $97,805,956

THE UNIVERSITY OF ST. THOMAS (THE "UNIVERSITY"), LOCATED IN HOUSTON, TEXAS, WAS FOUNDED BY THE BASILIANS FATHERS IN 1947. THE UNIVERSITY, ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND...

THE UNIVERSITY OF ST. THOMAS (THE "UNIVERSITY"), LOCATED IN HOUSTON, TEXAS, WAS FOUNDED BY THE BASILIANS FATHERS IN 1947. THE UNIVERSITY, ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES, IS AN INDEPENDENT, CO-EDUCATIONAL CATHOLIC UNIVERSITY OFFERING ASSOCIATE DEGREES IN THREE SUBJECT AREAS, BACHELOR'S DEGREES IN 39 SUBJECT AREAS, MASTER'S DEGREES IN 22 SUBJECT AREAS AND DOCTORATE DEGREES IN THREE SUBJECT AREAS. THE UNIVERSITY PROVIDES INSTRUCTION AND SUPPORT SERVICES TO 3,149 UNDERGRADUATE AND 976 GRADUATE STUDENTS.

Program 2

Expenses: $38,341,681

THE UNIVERSITY HAS A COMPREHENSIVE PLAN TO ASSIST QUALIFIED STUDENTS THROUGH A PROGRAM OF SCHOLARSHIPS, GRANTS-IN-AID, LOANS AND PART-TIME EMPLOYMENT. ADMINISTERED ON AN INDIVIDUAL BASIS, ACCORDING TO THE PARTICULAR CIRCUMSTANCES OF EACH APPLICANT, THIS PROGRAM IS DESIGNED TO ASSIST ALL STUDENTS WHO HAVE A GENUINE NEED. THE OVERWHELMING MAJORITY OF STUDENTS RECEIVE FINANCIAL AID EITHER FROM THE UNIVERSITY OR THROUGH STATE AND FEDERAL GOVERNMENT SOURCES.

Program 3

Expenses: $4,332,339 Revenue: $5,882,398

AUXILIARY OPERATIONS: STUDENT HOUSING, DINING SERVICES, PARKING GARAGE, AND BOOKSTORE SERVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,082,262

Program Service Revenue $108,468,800

Investment Income $630,963

Other Revenue $1,495,153

TOTAL REVENUE $135,677,178

Expense Breakdown

Grants Paid $38,341,681

Salaries & Benefits $45,248,578

Fundraising Expenses $2,588,874

Program Expenses $101,513,144

Other Expenses $44,727,379

TOTAL EXPENSES $128,317,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,677,178	$115,485,700	+0.2%
Expenses	$128,317,638	$123,851,978	+0.0%
Net Income	$7,359,540	$-8,366,278	-1.9%

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

1513

Volunteers

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

$1,620,949

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR ROBERT F CORRIGAN JR	CHAIR/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
MS DENISE CASTILLO-RHODES MBA	VICE CHAIR/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
MS SHELLEY A GRAHMANN	SECRETARY/BOARD MEMBER	1.0	Officer Director	$0	$0	$0
ARCHBISHOP J MICHAEL MILLER	BOARD MEMBER	1.0	Director	$0	$0	$0
BISHOP BRENDAN J CAHILL	BOARD MEMBER	1.0	Director	$0	$0	$0
DR CRAIG JARCHOW	BOARD MEMBER	1.0	Director	$0	$0	$0
HE DANIEL CARDINAL DINARDO	BOARD MEMBER	1.0	Director	$0	$0	$0
MR AARON STRYK	BOARD MEMBER	1.0	Director	$0	$0	$0
MR AHMED ALRAWI	BOARD MEMBER	1.0	Director	$0	$0	$0
MR ANDRIUS KONTRIMAS	BOARD MEMBER	1.0	Director	$0	$0	$0
MR CONNELLY T MCGREEVY	BOARD MEMBER	1.0	Director	$0	$0	$0
MR DANIEL L MOLINARO	BOARD MEMBER	1.0	Director	$0	$0	$0
MR DAVID HARVEY JR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR DOUGLAS A HIDALGO	BOARD MEMBER	1.0	Director	$0	$0	$0
MR EDWARD L TYRRELL	BOARD MEMBER	1.0	Director	$0	$0	$0
MR JOHN S JEFFERSON	BOARD MEMBER	1.0	Director	$0	$0	$0
MR JOSEPH A CLEARY JR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR JOSEPH M GRAHAM JR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR LARRY W MASSEY JR	BOARD MEMBER	1.0	Director	$0	$0	$0
MR MARK A TURZILLO	BOARD MEMBER	1.0	Director	$0	$0	$0
MR MARK BRUMLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
MR MORRIS R CLARK	BOARD MEMBER	1.0	Director	$0	$0	$0
MR ROCKY SAINT-LET LAI MBA	BOARD MEMBER	1.0	Director	$0	$0	$0
MR VINCENT PETTINELLI	BOARD MEMBER	1.0	Director	$0	$0	$0
MRS APRIL BAILEY	BOARD MEMBER	1.0	Director	$0	$0	$0
MRS MARCELLA BURKE	BOARD MEMBER	1.0	Director	$0	$0	$0
MRS MARIE MYERS	BOARD MEMBER	1.0	Director	$0	$0	$0
MS JUDITH L RAINES	BOARD MEMBER	1.0	Director	$0	$0	$0
MS KATHLEEN PEAVY VANDEVENTER	BOARD MEMBER	1.0	Director	$0	$0	$0
MS MARGIE M HARRIS MBA	BOARD MEMBER	1.0	Director	$0	$0	$0
MS SHEILA ENRIQUEZ	BOARD MEMBER	1.0	Director	$0	$0	$0
REV JAMES MURPHY CSB	BOARD MEMBER	1.0	Director	$0	$0	$0
REV JOHN B HUBER CSB	BOARD MEMBER	1.0	Director	$0	$0	$0
REV THOMAS RAFFERTY	BOARD MEMBER	1.0	Director	$0	$0	$0
SR LAUREN BECK CVI	BOARD MEMBER	1.0	Director	$0	$0	$0
DR BEENA GEORGE	CHIEF INNOVATION OFFICER	40.0	Officer	$146,161	$10,993	$157,154
DR CHRISTOPHER EVANS	VICE PRESIDENT OF ACADEMIC AFFAIRS	40.0	Officer	$227,454	$40,493	$267,947
DR RICHARD LUDWICK	UNIVERSITY PRESIDENT	40.0	Officer	$451,801	$73,053	$524,854
Jose Luis Del Aguila	CFO	40.0	Officer	$62,983	$0	$62,983
MR JOSE LUIS DEL AGUILA	INTERM CHIEF FINANCIAL OFFICER	40.0	Officer	$0	$0	$0
MS CARLA ALSANDOR	CHIEF UNIV. SERVICES OFFICER	40.0	Officer	$123,278	$17,788	$141,066
MS DAWN KOENNING	CHIEF DEVELOPMENT OFFICER	40.0	Officer	$216,094	$28,630	$244,724
MS GITA BOLT	CHIEF LEGAL COUNSEL	40.0	Officer	$192,587	$29,634	$222,221
Dr ANA-LISA GONZALEZ	FACULTY	40.0	Highest	$143,591	$38,369	$181,960
DR CLAUDINE DUFRENE	FACULTY	40.0	Highest	$160,401	$11,872	$172,273
Dr JAMES MONAGHAN	ASSOCIATE VP FOR ACADEMIC AFFAIRS	40.0	Highest	$155,415	$46,458	$201,873
DR JOHN PALASOTA	FACULTY	40.0	Highest	$167,264	$30,935	$198,199
MR JOHN SIMMS	FACULTY (Through 8/1/23)	40.0	Highest	$292,236	$24,021	$316,257
DR DOMINIC AQUILA	FORMER VICE PRESIDENT / (CURRENT FACULTY)	40.0		$155,597	$45,763	$201,360
MR ARTHUR ORTIZ	FORMER VICE PRESIDENT	0.0		$113,386	$16,284	$129,670
MR SPENCER C CONROY	FORMER VICE PRESIDENT (Through 3/15/23)	0.0		$148,467	$9,790	$158,257

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	$135,677,178	$128,317,638	$269,750,395	$7,359,540
2023	$115,485,700	$123,851,978	$255,216,228	$-8,366,278
2022	$111,095,697	$119,648,787	$256,375,738	$-8,553,090
2021	$105,820,865	$109,061,044	$283,234,320	$-3,240,179
2020	$91,717,923	$102,787,921	$244,463,640	$-11,069,998
2019	$90,738,445	$91,405,931	$238,268,671	$-667,486
2018	$88,335,336	$84,223,716	$237,304,390	$4,111,620