Lourdes University
Nonprofit profile at a glance
- EIN
- 341226547
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Sylvania, OH, USA
- Phone
- 800-878-3210
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Undergraduate College (4-year)
- Affiliation
- Christianity
Reported finances
- Revenue
- $31,923,138
- Expenses
- $37,483,643
- Assets
- $38,025,384
- Liabilities
- $20,624,468
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- William Bisset (President)
Highest reported compensation
- William Bisset (President): $363,947 total reported compensation
- Susan Rawson left 625 (Director of NAP): $233,153 total reported compensation
- Yasser Alhenawi (Dean of College of Business and Leadership): $149,227 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lourdes University, rooted in Catholic and Franciscan traditions, provides a values-centered education that enriches lives and advances academic excellence through the integration of the liberal arts and professional studies.
What it reported doing in 2024
Higher education: 537 undergraduate students enrolled: bachelor's degrees are offered in majors including art, history, english, music, philosophy, biology, theological studies, business, nursing, sociology, social work, and library studies. 205 graduate students enrolled: master's and/or doctoral degrees are offered in nursing, nurse anesthesia, business, theological studies, and organizational leadership.
Operating model
- Revenue model
- Other-operating. 73% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 93
- Sustainability: 23
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.9%; rating input score 98
- Program expense ratio: 83.1%; rating input score 83
- Fundraising efficiency: $10.26 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.8%; rating input score 96; 29th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.4%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 1.01; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 8th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 97.9% of revenue deployed · 83.1% of spending went to programs
- Governance: 23 of 24 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $31.2M in reported program spending
- Leadership: top reported pay $364K · 34 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.3M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.