CONCORDIA UNIVERSITY (EIN 930391563) - 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

1905

Legal Domicile

Principal Officer

RICHARD DOUGHTY

Phone

5032889371

Tax Period

2020-07-01 to 2021-06-30

CONCORDIA UNIVERSITY, founded in 1905, is a small nonprofit that reported $350K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 1311% operating deficit.

Mission

CONCORDIA IS A CHRISTIAN UNIVERSITY PREPARING LEADERS FOR THE TRANSFORMATION OF SOCIETY. ON FEBRUARY 7, 2020 THE CONCORDIA UNIVERSITY BOARD OF REGENTS VOTED TO CLOSE THE UNIVERSITY AND CEASE ACADEMIC OPERATIONS IN 2020. ACADEMIC OPERATIONS CEASED IN JULY 2020.

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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 (2020)

Revenue Breakdown

Contributions & Grants $139,238

Program Service Revenue $16,806

Investment Income $194,000

Other Revenue $0

TOTAL REVENUE $350,044

Expense Breakdown

Grants Paid $2,468,893

Salaries & Benefits $294,766

Fundraising Expenses $0

Program Expenses $2,674,168

Other Expenses $2,175,685

TOTAL EXPENSES $4,939,344

Year-over-Year Comparison

	2020	2019	Change
Revenue	$350,044	$111,617,978	-1.0%
Expenses	$4,939,344	$129,970,113	-1.0%
Net Income	$-4,589,300	$-18,352,135	-0.7%

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

1225

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

$269,809

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE COWING	PROVOST	40.00	Officer	$101,262	$34,121	$135,383
RICHARD DOUGHTY	INTERIM CFO	40.00	Officer	$103,620	$30,806	$134,426
CHUCK GERKEN	CHAIRMAN	1.25	Officer Director	$0	$0	$0
KATHLEEN HONE	VICE CHAIRMAN	1.25	Officer Director	$0	$0	$0
TERRY WILSON	SECRETARY	1.25	Officer Director	$0	$0	$0
JERRY BALTZELL	BOARD MEMBER	1.25	Director	$0	$0	$0
DAVID BERGER	BOARD MEMBER	1.25	Director	$0	$0	$0
MICHAEL BORG	BOARD MEMBER	1.25	Director	$0	$0	$0
CHARLES BRONDOS	BOARD MEMBER	1.25	Director	$0	$0	$0
GERALD KOLL	BOARD MEMBER	1.25	Director	$0	$0	$0
PAUL LINNEMANN	BOARD MEMBER	1.25	Director	$0	$0	$0
KURT ONKEN	BOARD MEMBER	1.25	Director	$0	$0	$0
JEFF OLTMANN	BOARD MEMBER	1.25	Director	$0	$0	$0
TIMOTHY PAULS	BOARD MEMBER	1.25	Director	$0	$0	$0
BEV PELOQUINN	BOARD MEMBER	1.25	Director	$0	$0	$0
ROD WEGENER	BOARD MEMBER	1.25	Director	$0	$0	$0
SAM WISEMAN	BOARD MEMBER	1.25	Director	$0	$0	$0
BRIAN YAMABE	BOARD MEMBER	1.25	Director	$0	$0	$0
TOM ZELT	BOARD MEMBER	1.25	Director	$0	$0	$0

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
2021	$350,044	$4,939,344	No data	$-4,589,300
2020	$111,617,978	$129,970,113	$88,934,105	$-18,352,135
2019	$118,546,358	$123,094,011	$111,277,409	$-4,547,653
2018	$112,915,712	$112,519,367	$114,849,854	$396,345

CONCORDIA UNIVERSITY