MULTNOMAH UNIVERSITY

EIN: 930398802 501(c)(3) Education

PORTLAND, OR

Total Revenue
$14,074,099
Total Expenses
$19,656,057
Total Assets
$27,298,921
Net Assets
$19,332,189
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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
1937
Legal Domicile
OR
Principal Officer
JESSICA TAYLOR
Phone
5032550332
Tax Period
2022-07-01 to 2023-06-30

MULTNOMAH UNIVERSITY, founded in 1937, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $19.7M exceeded revenue, resulting in a 40% operating deficit.

Mission

IT IS THE MISSION OF MULTNOMAH UNIVERSITY TO EQUIP CHRISTIAN STUDENTS THROUGH HIGHER EDUCATION TO BECOME BIBLICALLY COMPETENT, ACADEMICALLY PROFICIENT, SPIRITUALLY FORMED, AND CULTURALLY ENGAGED SERVANT LEADERS, SHAPED TO BE A TRANSFORMING FORCE IN THE CHURCH, COMMUNITY AND WORLD. THE UNIVERSITY PROVIDES STUDENTS ALL SERVICES NECESSARY FOR A COLLEGE EDUCATION AND ASSISTS, WHERE POSSIBLE, THOSE STUDENTS IN FINANCIAL NEED.

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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 $1,051,006
Program Service Revenue $12,631,084
Investment Income $65,584
Other Revenue $326,425
TOTAL REVENUE $14,074,099

Expense Breakdown

Grants Paid $5,910,560
Salaries & Benefits $7,355,141
Fundraising Expenses $296,690
Program Expenses $14,695,379
Other Expenses $6,390,356
TOTAL EXPENSES $19,656,057

Year-over-Year Comparison

2022 2021 Change
Revenue $14,074,099 $17,880,323 -0.2%
Expenses $19,656,057 $18,884,981 +0.0%
Net Income $-5,581,958 $-1,004,658 +4.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
14
Independent Members
14
Employees
440
Volunteers
29

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
9
$773,114
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED ALLEN EXECUTIVE VP (THRU 01/23) 50.00
Officer
$144,027 $3,468 $147,495
ERIC JOSEPH PRESIDENT & CEO (THRU 12/22) 50.00
Officer
$148,135 $5,344 $153,479
ALIN VRANCILA VP OF ACADEMICS 50.00
Officer
$120,521 $5,795 $126,316
ROBERT LARSON VP OF ADVANCEMENT (THRU 06/23) 50.00
Officer
$114,455 $4,624 $119,079
JESSICA TAYLOR INTERIM PRESIDENT 50.00
Officer
$112,575 $1,124 $113,699
JOE SLAVENS VP OF STUDENT LIFE 50.00
Officer
$105,148 $7,898 $113,046
JAY MOSSER CHAIRMAN 3.00
Officer Director
$0 $0 $0
JOYCE SCHROEDER VICE CHAIR 3.00
Officer Director
$0 $0 $0
BRENT MESQUIT SECRETARY 3.00
Officer Director
$0 $0 $0
VICTOR ALVARIZARES TRUSTEE 3.00
Director
$0 $0 $0
CLIFF CHAPPELL TRUSTEE 3.00
Director
$0 $0 $0
PAUL COLLIGAN TRUSTEE 3.00
Director
$0 $0 $0
AUSTIN HODGES TRUSTEE 3.00
Director
$0 $0 $0
CHARLES LANDERS TRUSTEE 3.00
Director
$0 $0 $0
ADRIENNE LIVINGSTON TRUSTEE 3.00
Director
$0 $0 $0
NATHAN NYMEYER TRUSTEE 3.00
Director
$0 $0 $0
CLIFFORD COOK TRUSTEE 3.00
Director
$0 $0 $0
BEN OCHS TRUSTEE 3.00
Director
$0 $0 $0
JONATHAN ORTIZ-MYERS TRUSTEE 3.00
Director
$0 $0 $0
CHANDLER WILSON TRUSTEE 3.00
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
2024 No data No data No data No data
2023 $14,074,099 $19,656,057 $27,298,921 $-5,581,958
2022 $17,880,323 $18,884,981 $29,044,106 $-1,004,658
2021 $15,256,009 $16,698,969 $31,830,186 $-1,442,960
2020 $17,268,922 $19,065,354 $32,588,092 $-1,796,432
2019 $21,171,921 $18,608,319 $32,236,951 $2,563,602
2018 $16,294,113 $16,785,560 $29,608,200 $-491,447
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