WILLAMETTE UNIVERSITY (EIN 930386972) - 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

1842

Legal Domicile

Principal Officer

ANNE GALLAGHER

Phone

5033706710

Tax Period

2024-07-01 to 2025-06-30

WILLAMETTE UNIVERSITY, founded in 1842, is a major nonprofit in the Education sector that reported $175.8M in total revenue in fiscal year 2024. Expenses of $197.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

THROUGH NATIONALLY DISTINCTIVE PROGRAMS CONNECTING LIBERAL EDUCATION TO PROFESSIONAL PRACTICE, WILLAMETTE UNIVERSITY PREPARES GRADUATES TO TURN KNOWLEDGE INTO ACTION AND LEAD LIVES OF ACHIEVEMENT, CONTRIBUTION, AND MEANING.

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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 $18,046,052

Program Service Revenue $152,401,458

Investment Income $2,842,253

Other Revenue $2,468,630

TOTAL REVENUE $175,758,393

Expense Breakdown

Grants Paid $81,846,267

Salaries & Benefits $69,476,527

Fundraising Expenses $4,122,666

Program Expenses $175,985,686

Other Expenses $45,913,581

TOTAL EXPENSES $197,287,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,758,393	$163,265,362	+0.1%
Expenses	$197,287,493	$190,546,447	+0.0%
Net Income	$-21,529,100	$-27,281,085	-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

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

2057

Volunteers

455

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

$1,343,641

Total Directors

$1,148,991

Key Employees

$1,324,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN THORSETT	PRESIDENT	40.00	Officer Director	$500,509	$162,860	$663,369
DANIEL VALLES SR VICE	PRESIDENT, COO & TREASURER - 11/1/24	40.00	Officer Director	$246,390	$38,973	$285,363
ANNE GALLAGHER	VP OF FINANCE & CFO	40.00	Officer Director	$175,077	$25,182	$200,259
KEVIN SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH LARGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LYNNE SAXTON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
LYNN RISTIG	SECRETARY	1.00	Officer Director	$0	$0	$0
EVA KRIPALANI	ASSISTANT SECRETARY - 06/30/2025	1.00	Officer Director	$0	$0	$0
BLYTHE BUTLER	TRUSTEE	1.00	Director	$0	$0	$0
BONNIE FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN HUFFT	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE CARPENTER	TRUSTEE	1.00	Director	$0	$0	$0
CORTLANDT CUFFEE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DRINKWARD	TRUSTEE	1.00	Director	$0	$0	$0
ELOISE DAMROSCH	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI PATTERSON	TRUSTEE - 06/30/2025	1.00	Director	$0	$0	$0
JAMES CUNO	TRUSTEE	1.00	Director	$0	$0	$0
JANELLE BOVELL	TRUSTEE - 06/30/2025	1.00	Director	$0	$0	$0
JASMINE AMES	ASSISTANT PROFESSOR, TRUSTEE	8.00	Director	$0	$0	$0
JEFF CHUNG	TRUSTEE	1.00	Director	$0	$0	$0
JILL TERRY HALL	TRUSTEE	1.00	Director	$0	$0	$0
JOHNNY VONG	TRUSTEE	1.00	Director	$0	$0	$0
JON THOMSEN	TRUSTEE - 06/30/2025	1.00	Director	$0	$0	$0
JOSEPH HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
JULIE FILIZETTI	TRUSTEE	1.00	Director	$0	$0	$0
KARYN RICHARDS-KUAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE CAHILL	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH MORRIS	TRUSTEE	1.00	Director	$0	$0	$0
KONRAD KRUGER	TRUSTEE - 06/30/2025	1.00	Director	$0	$0	$0
LAURIE DAY	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HUTCHINS	TRUSTEE	1.00	Director	$0	$0	$0
MARIAM HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK WAITE	TRUSTEE - 06/30/2025	1.00	Director	$0	$0	$0
ROBIN BRENA	TRUSTEE	1.00	Director	$0	$0	$0
SEAN O'HOLLAREN	TRUSTEE	1.00	Director	$0	$0	$0
TRUMAN COLLINS JR	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN KAWAHARA CHIEF OF	STAFF, ADMINISTRATIVE SECRETARY	40.00	Officer	$177,257	$17,393	$194,650
JENNIFER COLE	DEAN OF PNCA	40.00	Key Emp	$218,573	$73,778	$292,351
CAROL LONG	PROVOST & SENIOR VICE PRESIDENT	40.00	Key Emp	$250,701	$35,440	$286,141
JEFFREY DOBBINS INTERIM DEAN	SCHOOL OF LAW	40.00	Key Emp	$197,465	$74,716	$272,181
RUTH FEINGOLD	DEAN OF WILLAMETTE COLLEGE	40.00	Key Emp	$222,615	$38,208	$260,823
LISA LANDREMAN	VP FOR STUDENT AFFAIRS	40.00	Key Emp	$186,533	$26,708	$213,241
SHELBY RADCLIFFE	VICE PRESIDENT FOR ADVANCEMENT	40.00	Highest	$272,564	$30,658	$303,222
SHANA SECHRIST	VICE PRESIDENT & GENERAL COUNSEL	40.00	Highest	$240,978	$50,239	$291,217
ROMANA AUTREY INTERIM DEAN	ATKINSON GRAD SCHOOL OF MANAGEMENT	40.00	Highest	$224,928	$50,236	$275,164
WILLIAM MULLEN	VP FOR ENROLLMENT MANAGEMENT	40.00	Highest	$239,870	$28,596	$268,466
JAMESON WATTS DEAN	SCHOOL OF COMPUTING & INFO SCIENCE	40.00	Highest	$207,196	$42,464	$249,660

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	$175,758,393	$197,287,493	$552,119,279	$-21,529,100
2024	$163,265,362	$190,546,447	$537,942,266	$-27,281,085
2023	$137,752,242	$172,915,669	$536,279,964	$-35,163,427
2022	$131,114,519	$155,951,633	$555,407,413	$-24,837,114
2021	$5,516,907	$6,252,286	$639,462,434	$-735,379
2021	$116,017,351	$130,431,119	$557,446,619	$-14,413,768
2020	$130,252,198	$140,703,942	$443,732,072	$-10,451,744
2019	$128,026,752	$141,644,195	$461,698,461	$-13,617,443
2018	$133,466,370	$144,114,106	$470,919,843	$-10,647,736

WILLAMETTE UNIVERSITY