WESTMINSTER UNIVERSITY

EIN: 870212470 501(c)(3) Education

SALT LAKE CITY, UT

Total Revenue
$75,330,203
Total Expenses
$79,960,659
Total Assets
$185,274,205
Net Assets
$151,372,533
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1875
Legal Domicile
UT
Principal Officer
DEBRA GLENN
Phone
8018322148
Tax Period
2022-07-01 to 2023-06-30

WESTMINSTER UNIVERSITY, founded in 1875, is a mid-sized nonprofit in the Education sector that reported $75.3M in total revenue in fiscal year 2022. Net assets of $151.4M represent 24 months of operating reserves.

Mission

WESTMINSTER UNIVERSITY IS A PRIVATE, INDEPENDENT UNIVERSITY DEDICATED TO STUDENT LEARNING. WE ARE A COMMUNITY OF LEARNERS WITH A LONG AND HONORED TRADITION OF CARING DEEPLY ABOUT STUDENTS AND THEIR EDUCATION. WE OFFER LIBERAL ARTS AND PROFESSIONAL EDUCATION IN COURSES OF STUDY FOR UNDERGRADUATE, SELECTED GRADUATE, AND OTHER INNOVATIVE DEGREE AND NONDEGREE PROGRAMS. STUDENTS ARE CHALLENGED TO EXPERIMENT WITH IDEAS, RAISE QUESTIONS, CRITICALLY EXAMINE ALTERNATIVES, AND MAKE INFORMED DECISIONS. WE ENCOURAGE STUDENTS TO ACCEPT RESPONSIBILITY FOR THEIR LEARNING, TO DISCOVER AND PURSUE THEIR PASSIONS, AND TO PROMOTE MORE EQUITABLE AND SUSTAINABLE COMMUNITIES. OUR PURPOSES ARE TO PREPARE STUDENTS TO LEAD LIVES OF LEARNING, ACCOMPLISHMENT, AND SERVICE AND TO HELP THEM DEVELOP SKILLS AND ATTRIBUTES CRITICAL FOR SUCCESS IN A DIVERSE AND INTERDEPENDENT WORLD.

Program Service Accomplishments

Program 1
Expenses: $68,528,720 Revenue: $51,440,618

INSTRUCTION: 968 STUDENTS IN UNDERGRADUATE PROGRAMS AND 319 STUDENTS IN GRADUATE PROGRAMS 454 STUDENTS GRADUATED IN THE 2022-2023 ACADEMIC YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $28,845,804
Program Service Revenue $48,452,176
Investment Income $-4,956,219
Other Revenue $2,988,442
TOTAL REVENUE $75,330,203

Expense Breakdown

Grants Paid $22,989,647
Salaries & Benefits $33,153,759
Fundraising Expenses $1,415,204
Program Expenses $68,528,720
Other Expenses $23,817,253
TOTAL EXPENSES $79,960,659

Year-over-Year Comparison

2022 2021 Change
Revenue $75,330,203 $78,693,755 0.0%
Expenses $79,960,659 $84,420,337 -0.1%
Net Income $-4,630,456 $-5,726,582 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
22
Employees
1155
Volunteers
200

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
6
$522,927
Total Directors
23
$522,927
Key Employees
4
$945,247
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETHAMI DOBKIN PRESIDENT 40.00
Officer Director
$398,967 $123,960 $522,927
PRESON CHIARO BOARD CHAIR 1.60
Officer Director
$0 $0 $0
CATERINE PUTNAM-NETTO VICE-CHAIR 1.60
Officer Director
$0 $0 $0
WILLIAM ORCHOW TREASURER 1.60
Officer Director
$0 $0 $0
AMY WADSWORTH SECRETARY 1.60
Officer Director
$0 $0 $0
KIM ADAMSON TRUSTEE 1.60
Director
$0 $0 $0
MICHAEL BILLS TRUSTEE 1.60
Director
$0 $0 $0
KIM CORDOVA TRUSTEE 1.60
Director
$0 $0 $0
NANCY DEFORD TRUSTEE 1.60
Director
$0 $0 $0
RAYMOND ETCHEVERRY TRUSTEE 1.60
Director
$0 $0 $0
BING FANG TRUSTEE 1.60
Director
$0 $0 $0
THOMAS FEY TRUSTEE 1.60
Director
$0 $0 $0
TERRY GRANT TRUSTEE 1.60
Director
$0 $0 $0
DANNY GIOVALE TRUSTEE 1.60
Director
$0 $0 $0
KERI HALE TRUSTEE 1.60
Director
$0 $0 $0
ADAM MANGONE TRUSTEE 1.60
Director
$0 $0 $0
JERILYN MCINTYRE TRUSTEE 1.60
Director
$0 $0 $0
MUFFY MEAD-FERRO TRUSTEE 1.60
Director
$0 $0 $0
PETER MICHELL TRUSTEE 1.60
Director
$0 $0 $0
O WOOD MOYLE TRUSTEE 1.60
Director
$0 $0 $0
L JACKSON NEWELL TRUSTEE 1.60
Director
$0 $0 $0
ROBERT RENDON TRUSTEE 1.60
Director
$0 $0 $0
ENGELS TEJEDA TRUSTEE 1.60
Director
$0 $0 $0
DEBRA GLENN CFO/ VP FINANCE (AS OF 3/23) 40.00
Officer
$0 $0 $0
DEBORAH TAHMASSEBI PROVOST 40.00
Key Emp
$270,604 $55,958 $326,562
DANIEL LEWIS VP INSTITUTIONAL ADVANCEMENT 40.00
Key Emp
$199,436 $10,121 $209,557
ERICA JOHNSON VP ENROLLMENT 40.00
Key Emp
$197,105 $10,100 $207,205
MICHIKO PINNINGTON CFO/ VP FINANCE (THRU 1/23) 40.00
Key Emp
$168,354 $33,569 $201,923
JAMES STIMPSON PROFESSOR 40.00
Highest
$209,318 $55,697 $265,015
KATHRYN HOLMES GENERAL COUNSEL & CRO 40.00
Highest
$151,208 $34,742 $185,950
PETER GRECO VP AND CIO 40.00
Highest
$165,201 $55,663 $220,864
MELANIE J AGNEW DEAN, SCHOOL OF EDUCATION 40.00
Highest
$149,100 $43,246 $192,346
SHERYL J STEADMAN DEAN OF NURSING & HEALTH SCIENCES 40.00
Highest
$148,115 $34,153 $182,268
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 $75,330,203 $79,960,659 $185,274,205 $-4,630,456
2022 $78,693,755 $84,420,337 $204,629,439 $-5,726,582
2021 $82,856,817 $86,044,572 $228,140,724 $-3,187,755
2020 $87,856,669 $93,513,468 $209,713,946 $-5,656,799
2019 $93,047,643 $100,838,628 $209,446,484 $-7,790,985
2018 $106,205,356 $99,246,007 $216,463,995 $6,959,349
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