WILLIAM JESSUP UNIVERSITY (EIN 941279803) - 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

1945

Legal Domicile

Principal Officer

PARNELL LOVELACE

Phone

9165772200

Tax Period

2024-07-01 to 2025-06-30

WILLIAM JESSUP UNIVERSITY, founded in 1945, is a mid-sized nonprofit that reported $61.8M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $85.3M exceeded revenue, resulting in a 38% operating deficit.

Mission

CHRIST-CENTERED UNIVERSITY OFFERING DEGREES VIA TRADITIONAL, CONTINUING AND ONLINE PLATFORMS.

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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 $10,092,374

Program Service Revenue $55,610,250

Investment Income $-4,782,945

Other Revenue $840,981

TOTAL REVENUE $61,760,660

Expense Breakdown

Grants Paid $21,259,277

Salaries & Benefits $33,089,854

Fundraising Expenses $2,762,309

Program Expenses $73,569,265

Other Expenses $30,963,488

TOTAL EXPENSES $85,312,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,760,660	$77,972,034	-0.2%
Expenses	$85,312,619	$64,304,783	+0.3%
Net Income	$-23,551,959	$13,667,251	-2.7%

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

1044

Volunteers

140

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

$622,699

Total Directors

$395,627

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JACKSON	PRESIDENT/TRUSTEE	40.00	Officer Director	$221,706	$173,921	$395,627
BONNIE GORE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICK PICKERING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN OLDS	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA CHIAPPE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
NICK GARZA	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS MANN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTA PROCTOR	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER SILVA GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
TAMARA BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
HARLYN MATSON	TRUSTEE	1.00	Director	$0	$0	$0
TED GAINES	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE SCHROEDER	TRUSTEE	1.00	Director	$0	$0	$0
BRENT MESQUIT	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH RENTZ	VP FOR OPERATIONS/COO	40.00	Officer	$196,882	$30,190	$227,072
MICHELLE NORMAN	VP OF FINANCE/CFO(PART YEAR)	40.00	Officer	$0	$0	$0
ALLISON WEBB	VP OF FINANCE/CFO	40.00	Officer	$0	$0	$0
JENNIFER MILLAR	NURSING PROGRAM DIRECTOR	40.00	Highest	$146,471	$645	$147,116
AHMAD SHAAR	MBA & MSCS PROGRAM DIRECTOR, ASSOCIATE PROFESSOR	40.00	Highest	$143,530	$11,634	$155,164
GEORGE STUBBLEFIELD	PROFESSOR/DEAN SCHOOL OF NAT & APPLIED SCIENCE	40.00	Highest	$143,745	$28,060	$171,805
LANCE VON VOGT	VP OF ATHLETICS	40.00	Highest	$147,057	$20,969	$168,026
KAY LLOVIO	VP EDUCATIONAL EFFECTIVENESS	40.00	Highest	$137,663	$43,832	$181,495

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	$61,760,660	$85,312,619	$129,904,040	$-23,551,959
2024	No data	No data	No data	No data
2023	$57,224,285	$57,825,041	$137,158,194	$-600,756
2022	$60,123,299	$60,434,378	$119,510,265	$-311,079
2021	$60,314,784	$54,514,964	$122,894,462	$5,799,820
2020	$63,758,751	$54,385,117	$119,325,308	$9,373,634
2019	$51,352,286	$52,564,516	$111,642,360	$-1,212,230
2018	$48,127,182	$46,494,681	$103,477,273	$1,632,501
2018	$48,127,182	$46,494,681	$103,477,273	$1,632,501

WILLIAM JESSUP UNIVERSITY