TEXAS CHRISTIAN UNIVERSITY

EIN: 750827465 501(c)(3) Education

FORT WORTH, TX

Total Revenue
$1,250,018,653
Total Expenses
$1,091,646,077
Total Assets
$4,881,798,177
Net Assets
$3,669,092,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
TX
Phone
8172575122
Tax Period
2024-06-01 to 2025-05-31

TEXAS CHRISTIAN UNIVERSITY, founded in 1900, is a large national nonprofit in the Education sector that reported $1.3B in total revenue in fiscal year 2024. Expenses of $1.1B left a modest 13% surplus.

Mission

TEXAS CHRISTIAN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION WHICH INCLUDES NINE MAJOR ACADEMIC UNITS: LIBERAL ARTS, SCIENCE AND ENGINEERING, BUSINESS, EDUCATION, FINE ARTS, COMMUNICATION, HONORS, NURSING AND HEALTH SCIENCES, AND THE ANNE BURNETT MARION SCHOOL OF MEDICINE. TCU'S MISSION STATEMENT IS "TO EDUCATE INDIVIDUALS TO THINK AND ACT AS ETHICAL LEADERS AND RESPONSIBLE CITIZENS IN THE GLOBAL COMMUNITY." OUR VISION IS TO CREATE A WORLD-CLASS, VALUES-CENTERED UNIVERSITY EXPERIENCE FOR OUR STUDENTS. OUR CORE VALUES ARE ACADEMIC ACHIEVEMENT, PERSONAL FREEDOM AND INTEGRITY, THE DIGNITY AND RESPECT OF THE INDIVIDUAL, AND A HERITAGE OF INCLUSIVENESS, TOLERANCE, AND SERVICE.

Program Service Accomplishments

Program 1
Expenses: $595,533,661 Revenue: $783,288,946

The TCU Neeley School of Business is committed to fostering an inclusive, scholarly community composed of individuals who, through their diverse and sometimes competing perspectives, contribute to a...

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The TCU Neeley School of Business is committed to fostering an inclusive, scholarly community composed of individuals who, through their diverse and sometimes competing perspectives, contribute to a free and intellectually challenging culture where students, faculty, staff and alumni have equitable opportunities and can forge paths toward personal and professional growth. The Neeley faculty and staff support students by preparing them to be leaders and innovators through high-quality academic curriculum and experiential learning. The same culture of support is extended by our alumni and corporate partners, both of whom are engaged and generous with their time. We build upon the momentum generated by living the Neeley Promise: The Neeley School of Business unleashes human potential with leadership at the core and innovation in our spirit. TCU Neeley continues to earn national recognition with rankings of distinction for both the undergraduate and graduate school. TCU Neeley is ranked the No. 1 Best Undergraduate Business School in Texas and among the Top 25 in the U.S. by Poets&Quants (2024) and No. 8 for Undergraduate Academic Experience. The full-time MBA program is ranked among the top 50 by U.S. News & World Report (2024). The TCU Neeley School's graduate supply chain program is ranked in the top 20 in the U.S. by Gartner (2024). The entrepreneurship program is ranked in the top 25 by U.S. News & World Report (2024) and the Institute for Entrepreneurship and Innovation was awarded the 2024 NASDAQ Center for Entrepreneurial Excellence, the highest recognition that a university entrepreneurship center or institute can receive. TCU Neeley has more than 3,400 students across eight undergraduate degree majors and seven graduate degree programs. Following graduation, 98% of undergraduates are employed or enrolled in graduate school, and full-time MBA graduates have a 96% job placement rate. THE BOB SCHIEFFER COLLEGE OF COMMUNICATION OFFERS PROGRAMS IN COMMUNICATION STUDIES, FILM-TELEVISION-DIGITAL MEDIA, JOURNALISM AND STRATEGIC COMMUNICATION. THE COLLEGE'S AWARD-WINNING STUDENT ACTIVITIES INCLUDE: ADVERTISING AND PUBLIC RELATIONS CAMPAIGN TEAMS, KTCU CAMPUS RADIO STATION, NEWS GROUPS AND PUBLICATIONS, SPEECH AND DEBATE TEAM, AND TWO STRATEGIC COMMUNICATION AGENCIES THAT SERVE EXTERNAL (ROXO) AND INTERNAL (SCHIEFFER ASSOCIATES) CLIENTS. THE COLLEGE OF EDUCATION PREPARES EDUCATORS AND LEADERS FOR DIVERSE, GLOBAL EDUCATIONAL SETTINGS THROUGH MEANINGFUL SCHOLARSHIP, PEDAGOGY, AND PRACTICE. DEPARTMENTS HOUSED WITHIN THE COLLEGE INCLUDE THE DEPARTMENT OF TEACHING AND LEARNING SCIENCES, THE DEPARTMENT OF EDUCATIONAL LEADERSHIP & HIGHER EDUCATION, AND THE DEPARTMENT OF COUNSELING, SOCIETAL CHANGE, AND INQUIRY. THE TEACHER PREPARATION PROGRAM HAS BEEN RECOGNIZED FOR EXEMPLARY, CULTURALLY RESPONSIVE TEACHER PREPARATION. STUDENTS IN THIS PROGRAM CHOOSE FROM EARLY CHILDHOOD TO SIXTH GRADE EDUCATION, MIDDLE SCHOOL EDUCATION, OR SECONDARY EDUCATION WITH A VARIETY OF CONCENTRATIONS AND CERTIFICATION AREAS. THE COLLEGE BOASTS A NEARLY 100 PERCENT TEACHER PLACEMENT RATE AND NEAR 100 PERCENT PASS RATE ON STATE CERTIFICATION EXAMS. AMONG NON-TEACHER CERTIFICATION UNDERGRADUATE PROGRAMS, STUDENTS CHOOSE FROM YOUTH ADVOCACY OR INTERDISCIPLINARY STUDIES. ADVANCED DEGREES ARE OFFERED IN CURRICULUM AND INSTRUCTION, COUNSELING, SPECIAL EDUCATION, EDUCATIONAL LEADERSHIP, HIGHER EDUCATION, AND SCIENCE EDUCATION. TCU IS THE ONLY UNIVERSITY IN THE NATION WITH TWO ON-CAMPUS SPECIAL EDUCATION LABORATORY SCHOOLS, STARPOINT AND KINDERFROGS SCHOOL. The College of Fine Arts at TCU is guided by our mission to prepare the next generation of creative leaders in the arts and champion the value of the arts as essential for learning and living in a global society. We combine artistic excellence with a strong liberal arts education to inspire creativity and collaboration at the intersection of tradition and innovation. Our students, faculty, and alumni are deeply invested in the Fort Worth community supporting collaborations with local school districts and professional arts organizations that include the Amon Carter Museum, The Cliburn, Fort Worth Symphony Orchestra, Fort Worth Opera, Kimbell Museum, Modern Art Museum of Fort Worth, and the Texas Ballet Theater. These partnerships cultivate important relationships and experiences that reinforce our mission to equip future creative leaders for success. The John V. Roach Honors College is a learning community of approximately 1200 students who are highly motivated and seek to embody the University's core mission: to educate individuals to "think and act as ethical leaders and responsible citizens in the global community." Honors students enjoy small classes that promote high levels of inquiry, engagement, and feedback along with unparalleled opportunities for faculty-mentored research. An Honors-enriched TCU education is truly transformative: enriching students' knowledge within and beyond their majors; strengthening their commitments to intellectual honesty, courage, and dialogue; and empowering them to serve as leaders in the community.

Program 2
Expenses: $185,827,500 Revenue: $62,204,966

IN TOTAL, VICTOR BOSCHINI ACCRUED $338,750 IN DEFERRED COMPENSATION DURING 2024. OF THIS AMOUNT, $233,750 WILL BE PAID OUT AS OF 05/31/25, AND $105,000 WILL BE PAID OUT AS OF 05/31/26, IF HE IS STILL...

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IN TOTAL, VICTOR BOSCHINI ACCRUED $338,750 IN DEFERRED COMPENSATION DURING 2024. OF THIS AMOUNT, $233,750 WILL BE PAID OUT AS OF 05/31/25, AND $105,000 WILL BE PAID OUT AS OF 05/31/26, IF HE IS STILL EMPLOYED BY TCU. $571,042 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO VICTOR BOSCHINI DURING 2024. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2024. THE ACCRUAL OF $308,125 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. $98,077 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO BRYAN LUCAS DURING 2024. PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION IN 2024. THE ACCRUAL OF $86,111 OF THIS AMOUNT WAS REPORTED IN FORM 990 IN PRIOR YEARS. JASON R. SAFRAN ACCRUED $234,961 IN DEFERRED COMPENSATION DURING 2024. OF THIS TOTAL AMOUNT, $198,875 WAS PAID TO HIM ON 10/31/25; THE BALANCE OF $38,086 WILL BE PAID TO HIM AS OF 5/31/2026, IF STILL EMPLOYED AS CHIEF INVESTMENT OFFICER. ALSO, $220,097 IN PREVIOUSLY EARNED DEFERRED COMPENSATION WAS PAID TO JASON R. SAFRAN DURING 2024; PAYMENT OF THIS AMOUNT IS INCLUDED IN OTHER REPORTABLE COMPENSATION. ADDITIONALLY, $457,034 OF DEFERRED COMPENSATION WAS AWARDED TO JASON SAFRAN DURING 2024; THIS AMOUNT WAS INCLUDED AS BONUS & INCENTIVE COMPENSATION. OF THE TOTAL PAID OUT OF $677,131, $556,385 WAS REPORTED ON FORM 990 IN PRIOR YEARS. DONALD WHELAN ACCRUED $133,333 IN DEFERRED COMPENSATION DURING 2024; THIS AMOUNT WILL BE PAID TO HIM AS OF 05/31/26 IF STILL EMPLOYED AS VICE CHANCELLOR FOR ADVANCEMENT. DANIEL PULLIN ACCRUED $85,069 IN DEFERRED COMPENSATION DURING 2024. OF THIS AMOUNT, $48,611 WILL BE PAID OUT AS OF 05/31/27, AND $36,458 WILL BE PAID OUT AS OF 05/31/28, IF HE IS STILL EMPLOYED BY TCU.

Program 3
Expenses: $93,695,776 Revenue: $89,090,827

TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY...

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TEXAS CHRISTIAN UNIVERSITY OPERATES AUXILIARY ACTIVITIES THAT EXIST TO FURNISH GOODS OR SERVICES TO STUDENTS, FACULTY, AND STAFF, AND THAT CHARGE A FEE DIRECTLY RELATED TO, ALTHOUGH NOT NECESSARILY EQUAL TO, THE COST OF THE GOODS OR SERVICES. AUXILIARY ACTIVITIES AT TEXAS CHRISTIAN UNIVERSITY CONSIST PRIMARILY OF RESIDENCE HALLS, DINING SERVICES, CONFERENCE SERVICES, THE UNIVERSITY BOOKSTORE, TCU PRESS, EXECUTIVE EDUCATIONAL PROGRAMS, AND MUSIC PREPARATORY PROGRAMS. TEXAS CHRISTIAN UNIVERSITY IS PRIMARILY A RESIDENTIAL CAMPUS, WITH ALMOST ONE HALF OF THE UNDERGRADUATE POPULATION LIVING ON CAMPUS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,902,112
Program Service Revenue $948,748,377
Investment Income $190,718,423
Other Revenue $20,649,741
TOTAL REVENUE $1,250,018,653

Expense Breakdown

Grants Paid $345,077,090
Salaries & Benefits $403,289,678
Fundraising Expenses $17,722,181
Program Expenses $960,864,659
Other Expenses $342,939,962
TOTAL EXPENSES $1,091,646,077

Year-over-Year Comparison

2024 2023 Change
Revenue $1,250,018,653 $1,198,262,684 +0.0%
Expenses $1,091,646,077 $1,032,981,544 +0.1%
Net Income $158,372,576 $165,281,140 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
49
Independent Members
47
Employees
6795
Volunteers
10500

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
10
$8,866,745
Total Directors
50
$3,499,401
Key Employees
6
$5,500,983
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Victor J Boschini Jr Chancellor 40.0
Officer Director
$2,879,877 $619,524 $3,499,401
Adelaide D Royer Trustee 2.0
Director
$0 $0 $0
Alan D Friedman Trustee 2.0
Director
$0 $0 $0
Allie Beth McMurtry Allman Trustee 2.0
Director
$0 $0 $0
Amy Roach Bailey Trustee 2.0
Director
$0 $0 $0
Anita L Cox Trustee 2.0
Director
$0 $0 $0
Barry E Davis Trustee 2.0
Director
$0 $0 $0
Bradford L Cunningham Trustee 2.0
Director
$0 $0 $0
Brenda Almes Cline Trustee 2.0
Director
$0 $0 $0
Charles L Geren Trustee 2.0
Director
$0 $0 $0
Charlotte Scharbauer French Trustee 2.0
Director
$0 $0 $0
David P Purcell Trustee 2.0
Director
$0 $0 $0
Dee J Kelly Jr Trustee 2.0
Director
$0 $0 $0
Dr Frank H Moore III Trustee 2.0
Director
$0 $0 $0
Duer Wagner III Trustee 2.0
Director
$0 $0 $0
Edward A Clark Vice Chair 5.0
Director
$0 $0 $0
Elliott J Hill Trustee 2.0
Director
$0 $0 $0
F Howard Walsh III Trustee 2.0
Director
$0 $0 $0
G Hunter Enis Trustee 2.0
Director
$0 $0 $0
Glenton E Richards Trustee 2.0
Director
$0 $0 $0
Greg A Arnold Trustee 2.0
Director
$0 $0 $0
J Bryan King Trustee 4.0
Director
$0 $0 $0
James Rusty R Reid Trustee 2.0
Director
$0 $0 $0
Jan Tucker Scully Trustee 2.0
Director
$0 $0 $0
Joe D Briggs Trustee 2.0
Director
$0 $0 $0
John H Pinkerton Trustee 2.0
Director
$0 $0 $0
Joseph M Gutierrez Jr Trustee 2.0
Director
$0 $0 $0
Katherine G Boehly Trustee 2.0
Director
$0 $0 $0
Kathryn Thompson Farmer Trustee 2.0
Director
$0 $0 $0
Kenneth D Thompson II Trustee 2.0
Director
$0 $0 $0
Kit Tennison Moncrief Chair 6.0
Director
$0 $0 $0
LaDainian T Tomlinson Trustee 2.0
Director
$0 $0 $0
Leanne S Acuff Trustee 2.0
Director
$0 $0 $0
Marilyn E Davies Trustee 2.0
Director
$0 $0 $0
Mary Ralph Lowe Trustee 2.0
Director
$0 $0 $0
Michael G Wright Trustee 2.0
Director
$0 $0 $0
Michael K Berry Trustee 2.0
Director
$0 $0 $0
Michael S Richards Trustee 2.0
Director
$0 $0 $0
Nick A Giachino Trustee 2.0
Director
$0 $0 $0
Rafael G Garza Trustee 2.0
Director
$0 $0 $0
Richard Lee Stuart II Trustee 2.0
Director
$0 $0 $0
Rick L Wittenbraker Trustee 2.0
Director
$0 $0 $0
Roger Williams Trustee 2.0
Director
$0 $0 $0
Ronald C Parker Trustee 4.0
Director
$0 $0 $0
Ross B Matthews Trustee 2.0
Director
$0 $0 $0
Sascha C Bass Trustee 2.0
Director
$0 $0 $0
Sheryl L Adkins-Green Trustee 2.0
Director
$0 $0 $0
Steven J Mafrige Trustee 2.0
Director
$0 $0 $0
Thomas F Meagher Jr Trustee 2.0
Director
$0 $0 $0
V Neils Agather II Trustee 2.0
Director
$0 $0 $0
Daniel W Pullin President 40.0
Officer
$1,027,152 $79,703 $1,106,855
Donald J Whelan Jr VC University Advancement 40.0
Officer
$716,216 $218,071 $934,287
Floyd L Wormley Jr Interim Provost and VC for Academic Affairs 40.0
Officer
$499,078 $61,649 $560,727
Janine M Cox Deputy Chief of Staff 40.0
Officer
$112,632 $22,325 $134,957
Jean M Pickett Board Secretary 40.0
Officer
$331,276 $58,816 $390,092
Kathryn M Cavins Tull VC Student Affairs 40.0
Officer
$467,595 $72,933 $540,528
Merianne K Roth VC Marketing & Communication 40.0
Officer
$308,098 $80,860 $388,958
Willian J Nunez VC Finance & Administration 40.0
Officer
$747,885 $78,321 $826,206
Yohna J Chambers-Hastings VC Human Resources 40.0
Officer
$373,092 $111,642 $484,734
Bryan C Lucas Chief Technology Officer 40.0
Key Emp
$537,981 $123,082 $661,063
Cheryl L Kennon Assoc. VC & Controller 40.0
Key Emp
$297,090 $54,800 $351,890
Jason R Safran Chief Investment Officer 40.0
Key Emp
$1,336,750 $323,599 $1,660,349
Jeremiah Donati Athletic Director 40.0
Key Emp
$1,384,806 $79,757 $1,464,563
Stuart Dale Flynn Medical School - Dean 40.0
Key Emp
$908,961 $158,872 $1,067,833
Todd S Waldvogel Assoc. VC Facilities & Campus Planning 40.0
Key Emp
$271,018 $24,267 $295,285
James P Dixon Mens Basketball Coach 40.0
Highest
$4,570,812 $170,801 $4,741,613
Kendal R Briles Offensive Coordinator 40.0
Highest
$1,571,015 $82,304 $1,653,319
Kirk C Saarloos Head Baseball Coach 40.0
Highest
$1,230,527 $65,953 $1,296,480
Malcom X Kelly ASSISTANT HEAD COACH 40.0
Highest
$804,223 $158,872 $963,095
Sonny Dykes Head Football Coach 40.0
Highest
$6,301,877 $84,932 $6,386,809
JONATHAN BENJAMIN-ALVARADO FORMER CHIEF INCLUSION OFFICER 40.0
$280,702 $49,959 $330,661
Kimberly K Adams Former Assoc. VC & Controller 40.0
$218,772 $202,872 $421,644
TERESA ABI-NADER DAHLBERG FORMER PROVOST VC ACADEMIC AFFAIRS 40.0
$389,769 $441,933 $831,702
TRACY D SYLER-JONES FORMER VC MARKETING & COMMUNICATION 40.0
$411,255 $47,342 $458,597
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 $1,250,018,653 $1,091,646,077 $4,881,798,177 $158,372,576
2024 $1,198,262,684 $1,032,981,544 $4,667,610,108 $165,281,140
2023 $1,103,356,620 $960,941,889 $4,541,299,077 $142,414,731
2022 $1,168,273,968 $918,144,137 $4,250,111,470 $250,129,831
2021 $955,953,424 $843,096,902 $3,936,231,502 $112,856,522
2020 $895,084,917 $807,122,394 $3,496,000,306 $87,962,523
2019 $904,161,249 $757,076,274 $3,318,638,977 $147,084,975
2018 $848,836,716 $703,798,486 $3,200,356,822 $145,038,230
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