PRESIDENT-BOARD OF TRUSTEES SANTA … - Form 990 Financial Data

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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

1851

Legal Domicile

Principal Officer

JULIE SULLIVAN

Phone

4085544398

Tax Period

2022-07-01 to 2023-06-30

PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE, founded in 1851, is a major nonprofit in the Education sector that reported $622.0M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Net assets of $2.3B represent 44 months of operating reserves.

Mission

THE UNIVERSITY'S COLLECTIONS ARE MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE AND ART OBJECTS THAT ARE HELD FOR EDUCATIONAL, RESEARCH, AND CURATORIAL PURPOSES. THE COLLECTIONS, WHICH HAVE BEEN ACQUIRED THROUGH CONTRIBUTIONS SINCE THE UNIVERSITY'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS IN THE ACCOMPANYING CONSOLIDATED STATEMENT OF FINANCIAL POSITION.

Program Service Accomplishments

Program 1

Expenses: $524,371,351 Revenue: $526,840,284

SANTA CLARA UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION OFFERING DEGREES AT THE UNDERGRADUATE AND GRADUATE LEVEL AND LAW DEGREES. THE UNIVERSITY CONSISTS OF THE COLLEGE OF ARTS AND SCIENCES, THE SCHOOL OF ENGINEERING, THE LEAVEY SCHOOL OF BUSINESS, THE SCHOOL OF EDUCATION AND COUNSELING PSYCHOLOGY, THE SCHOOL OF LAW, AND THE JESUIT SCHOOL OF THEOLOGY OF SANTA CLARA UNIVERSITY. CURRENT ENROLLMENT IS 9,178 STUDENTS CONSISTING OF 6,115 UNDERGRADUATE, 2,389 GRADUATE AND 674 LAW STUDENTS. IN 2022, THE UNIVERSITY AWARDED 2,808 DEGREES AT ALL ACADEMIC LEVELS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $61,654,837

Program Service Revenue $526,840,284

Investment Income $34,934,290

Other Revenue $-1,412,148

TOTAL REVENUE $622,017,263

Expense Breakdown

Grants Paid $127,264,480

Salaries & Benefits $284,466,960

Fundraising Expenses $13,059,311

Program Expenses $524,371,351

Other Expenses $192,317,663

TOTAL EXPENSES $604,049,103

Year-over-Year Comparison

	2022	2021	Change
Revenue	$622,017,263	$737,403,416	-0.2%
Expenses	$604,049,103	$564,491,434	+0.1%
Net Income	$17,968,160	$172,911,982	-0.9%

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

5242

Volunteers

2204

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

$3,035,682

Total Directors

$426,398

Key Employees

$2,813,306

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERBERT SENDEK	HEAD COACH, MEN'S BASKETBALL	40.00	Highest	$871,797	$99,942	$971,739
JOHN KERRIGAN	CHIEF INVESTMENT OFFICER	40.00	Officer	$781,237	$52,431	$833,668
LISA KLOPPENBERG	PROFESSOR	40.00	Key Emp	$627,708	$64,088	$691,796
JIM LYONS	VICE PRESIDENT, UNIVERSITY RELATIONS	40.00	Key Emp	$630,500	$52,507	$683,007
RENEE BAUMGARTNER	EXECUTIVE DIRECTOR, ATHLETICS	40.00	Highest	$550,529	$64,337	$614,866
MICHAEL KAUFMAN	DEAN, SCHOOL OF LAW	40.00	Highest	$506,257	$37,875	$544,132
JOHN OTTOBONI	SENIOR COUNSEL & SPECIAL ADVISOR	40.00	Officer	$464,561	$43,440	$508,001
MICHAEL CROWLEY - ASST TREAS	VP FINANCE & ADMIN (THRU 12/22)	40.00	Officer	$447,505	$59,491	$506,996
MOLLY MCDONALD	CHIEF OF STAFF	40.00	Officer	$367,791	$122,244	$490,035
ED GRIER	DEAN, SCHOOL OF BUSINESS	40.00	Highest	$436,468	$37,474	$473,942
DONALD HEIDER	EXECUTIVE DIRECTOR, MARKKULA CENTER	40.00	Highest	$415,476	$26,793	$442,269
JULIE SULLIVAN	PRESIDENT (AS OF 07/22)	40.00	Officer Director	$416,590	$9,808	$426,398
EVANGELINA BLANCO	VP FOR ENROLLMENT MANAGEMENT	40.00	Key Emp	$331,613	$49,932	$381,545
DANIEL PRESS	DEAN, COLLEGE OF ARTS AND SCIENCES	40.00	Key Emp	$306,728	$59,036	$365,764
ED RYAN - ACTING PROVOST VICE	PROVOST FOR PLANNING AND INSTITUTIONAL EFFE	40.00	Key Emp	$331,608	$22,306	$353,914
KATE MORRIS -ACTING PROVOST	VICE PROVOST FOR ACADEMIC AFFAIRS	40.00	Key Emp	$291,149	$46,131	$337,280
GODFREY MUNGAL - FORMER	DEAN OF THE SCHOOL OF ENGINEERING	40.00		$213,677	$59,146	$272,823
RAMONA SAUTER	ASST. TREASURER, AVP FOR FINANCE	40.00	Officer	$241,377	$29,207	$270,584
LARRY W SONSINI	CHAIR	2.00	Officer Director	$0	$0	$0
MATTHEW MATT E CARNES SJ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KRISTI M BOWERS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN STEVE J SORDELLO	TREASURER	5.00	Officer Director	$0	$0	$0
LUIS ARRIAGA VALENZUELA SJ	TRUSTEE	2.00	Director	$0	$0	$0
MARGARET PEGGY M BRADSHAW	TRUSTEE	2.00	Director	$0	$0	$0
LUIS CALERO SJ	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM BILL S CARTER	TRUSTEE	2.00	Director	$0	$0	$0
LOUIS LOU M CASTRUCCIO	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD S CHARNEY	TRUSTEE	3.00	Director	$0	$0	$0
GERALD JERRY T COBB SJ	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM DUFFY	TRUSTEE	2.00	Director	$0	$0	$0
KATHLEEN DUNCAN	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN A FINN	TRUSTEE	2.00	Director	$0	$0	$0
REBECCA M GUERRA	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY TIM HALEY	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD RICH D HAUGHEY	TRUSTEE	2.00	Director	$0	$0	$0
MOLLY JOSEPH	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM BILL P LEAHY SJ	TRUSTEE	0.50	Director	$0	$0	$0
HEIDI LE BARON LEUPP	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT LLOYD	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH M MCSHANE SJ	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY JEFF A MILLER	TRUSTEE	2.00	Director	$0	$0	$0
KAPIL K NANDA	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD ED A PANELLI	TRUSTEE (THRU 09/22)	4.00	Director	$0	$0	$0
RISE JONES PINCHON	TRUSTEE	2.00	Director	$0	$0	$0
GISEL RUIZ	TRUSTEE	2.00	Director	$0	$0	$0
SAHIL SAGAR	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN C SCHOTT	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT H SMITH	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY TIM SMITH	TRUSTEE	2.00	Director	$0	$0	$0
JOHN A SOBRATO	TRUSTEE	2.00	Director	$0	$0	$0
MARY STEVENS	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN VALERIOTE	TRUSTEE	2.00	Director	$0	$0	$0
GREGORY GREG VAUGHAN	TRUSTEE	2.00	Director	$0	$0	$0
PAUL VU SJ	TRUSTEE	2.00	Director	$0	$0	$0
AGNIESZKA WINKLER	TRUSTEE	6.00	Director	$0	$0	$0
WILSON GARONE - ASST TREAS	VP FINANCE & ADMIN (AS OF 05/23)	40.00	Officer	$0	$0	$0
KELLY CAPEN DOUGLAS	GENERAL COUNSEL (AS OF 4/23)	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$622,017,263	$604,049,103	$2,898,674,493	$17,968,160
2022	$737,403,416	$564,491,434	$2,905,592,698	$172,911,982
2021	$543,668,030	$492,968,548	$2,958,910,318	$50,699,482
2020	$550,696,402	$514,417,263	$2,391,705,262	$36,279,139
2019	$604,971,754	$499,140,256	$2,349,429,622	$105,831,498
2018	$523,493,387	$473,547,512	$2,241,961,916	$49,945,875

PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE