CORBAN UNIVERSITY

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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

1935

Legal Domicile

Principal Officer

JOHN MARK YEATS

Phone

5033757020

Tax Period

2024-07-01 to 2025-06-30

CORBAN UNIVERSITY, founded in 1935, is a mid-sized nonprofit in the Education sector that reported $34.3M in total revenue in fiscal year 2024.

Mission

CORBAN UNIVERSITY'S GOAL IS TO EQUIP MEN AND WOMEN WHO WILL BRING CHARACTER TO THEIR COMMUNITIES AND COMPETENCE TO THEIR CAREERS, ALL TO THE GLORY OF CHRIST.

Program Service Accomplishments

Program 1

Expenses: $27,219,314 Revenue: $24,450,785

TUITION AND FEES USED TO PROVIDE ALMOST 50 UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS, BOTH ON CAMPUS AND ONLINE TO APPROXIMATELY 1,000 STUDENTS. EACH PROGRAM COMBINES ACADEMIC EXCELLENCE WITH...

TUITION AND FEES USED TO PROVIDE ALMOST 50 UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS, BOTH ON CAMPUS AND ONLINE TO APPROXIMATELY 1,000 STUDENTS. EACH PROGRAM COMBINES ACADEMIC EXCELLENCE WITH CHRISTIAN PRINCIPLES AND PURPOSE, INTEGRATING A BIBLICAL WORLDVIEW IN EVERY CLASS.

Program 2

Expenses: $1,962,954 Revenue: $6,553,505

TO PROVIDE ON-CAMPUS STUDENT HOUSING AND FOOD SERVICES FOR OVER 400 STUDENTS ANNUALLY.

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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 $2,155,559

Program Service Revenue $31,004,290

Investment Income $1,014,568

Other Revenue $120,200

TOTAL REVENUE $34,294,617

Expense Breakdown

Grants Paid $14,240,389

Salaries & Benefits $9,720,228

Fundraising Expenses $636,011

Program Expenses $29,182,268

Other Expenses $9,763,768

TOTAL EXPENSES $33,724,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,294,617	$34,920,193	0.0%
Expenses	$33,724,385	$34,238,483	0.0%
Net Income	$570,232	$681,710	-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

520

Volunteers

117

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

$1,148,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY HOFF	CHAIR OF BOARD OF TRUSTEES	3.00	Officer Director	$0	$0	$0
JAMES GLEASON	SECRETARY BOARD OF TRUSTEES	3.00	Officer Director	$0	$0	$0
CHUCK LIND	TRUSTEE	1.00	Director	$0	$0	$0
CORNELIUS WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG HARDINGER	TRUSTEE	1.00	Director	$0	$0	$0
DEANNA GARDINER-GARCIA	TRUSTEE	1.00	Director	$0	$0	$0
ED DRESSEL	TRUSTEE	1.00	Director	$0	$0	$0
JIM WHITE	TRUSTEE	1.00	Director	$0	$0	$0
JOE BEATTIE	TRUSTEE	1.00	Director	$0	$0	$0
LEE ROBERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARK HANKE	TRUSTEE	1.00	Director	$0	$0	$0
PATTI GARRIDO	TRUSTEE	1.00	Director	$0	$0	$0
SERGIO AGUIRRE	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE WEBB	TRUSTEE	1.00	Director	$0	$0	$0
JENNI BURKE	TRUSTEE	1.00	Director	$0	$0	$0
JEFF TRYKA	TRUSTEE	1.00	Director	$0	$0	$0
RODGER PAGE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE PATTERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MARK YEATS	PRESIDENT	40.00	Officer	$214,110	$120,423	$334,533
TOM CORNMAN	PROVOST	40.00	Officer	$170,143	$54,162	$224,305
SHANNON JOHNSON	VP FOR ADVANCEMENT	40.00	Officer	$124,738	$9,366	$134,104
BRIAN JAWORSKI	VP FOR STUDENT LIFE	40.00	Officer	$103,550	$23,074	$126,624
MECHELLE GARRETT	ASSOC PROVOST COMMUNITY BELONGING	40.00	Officer	$82,345	$9,248	$91,593
JORDAN LINDSEY	ASSOC. VP FOR ENROLLMENT/MARKETING	40.00	Officer	$78,867	$15,312	$94,179
JORDAN K WADE	VP FOR BUSINESS /CBO	40.00	Officer	$140,247	$2,901	$143,148
AARON IMIG	VP FOR ACADEMIC ADMIN	40.00	Officer	$0	$0	$0
BRYCE BERNARD	PROFESSOR OF BUSINESS	40.00	Highest	$119,410	$18,252	$137,662

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	$34,294,617	$33,724,385	$27,289,379	$570,232
2024	No data	No data	No data	No data
2023	$36,268,676	$34,785,884	$25,266,528	$1,482,792
2022	$39,020,278	$38,026,640	$25,574,456	$993,638
2021	$40,955,830	$37,810,701	$26,227,993	$3,145,129
2020	$42,298,275	$37,847,320	$23,786,515	$4,450,955
2019	$38,888,306	$37,306,789	$20,839,718	$1,581,517
2018	$42,734,277	$42,433,898	$22,781,413	$300,379