Loyola University Maryland

Legal name: Loyola University Maryland Inc

Nonprofit profile at a glance

EIN: 520591623
IRS 990 coverage: 2009–2024
Official website data refreshed: Sep 2026
Forms available: Form 990 2024, Form 990-T 2024
Location: Baltimore, MD, USA
Phone: 410-617-2000
Rating: 84
Verdict: STRONG
Rating confidence: Standard
Affiliation: Christianity

Official website

Reported finances

Revenue: $368,946,806
Expenses: $366,728,801
Assets: $840,598,430
Liabilities: $235,344,521

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

55 people listed

Executive titles in this filing

Terrence Sawyer (Trustee & President)
Brian Oakes (Vice President)
Cheryl Moore-Thomas (Vice President)
Deborah Cady Melzer (Vice President)
Eric Nichols (Vice President)
John Coppola (Vice President)

Highest reported compensation

Terrence Sawyer (Trustee & President): $600,783 total reported compensation
Charles Toomey (Head Coach Men's Lacrosse): $459,588 total reported compensation
Cheryl Moore-Thomas (Vice President): $382,144 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Loyola University Maryland is a Jesuit, Catholic university committed to the educational and spiritual tradition of the Society of Jesus. The University prepares students at both the undergraduate and graduate levels for lives of meaningful professional service and leadership.

What it reported doing in 2024

Instruction of 3,900 undergraduate and 1,000 graduate students (4,900 students).

Operating model

Revenue model: Other-operating. 86% of the money available for current operations came from other operating revenue.
Distribution model: Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

Includes noncash contributions: Reported contributions include donated property or goods.

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: 82
Transparency & Controls: 81
Accountability: 98
Sustainability: 51
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 90%; rating input score 90
Program expense ratio: 85.9%; rating input score 86
Fundraising efficiency: $7.55 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 68th 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: 2 of 8 controls in place; rating input score 25
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 96.6%; rating input score 97; 51st percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
Total-asset coverage ratio: 2.29; rating input score 68; 68th percentile among comparable filings
Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings

Growth

Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
Revenue growth: 2.7% per year; rating input score 100; 20th percentile among comparable filings
Asset growth: 3.1% per year; rating input score 100; 21st percentile among comparable filings

Details

What they do: 4 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: 90% of revenue deployed · 85.9% of spending went to programs
Governance: 28 of 29 board members independent · 9 of 9 filing controls reported
Programs: 4 filed program accomplishments · $314.9M in reported program spending
Leadership: top reported pay $601K · 55 people listed · 4 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $39.4M reported
Consistency: 53 of 53 current checks pass
Schedules: 14 filed schedules · includes major donors, foreign activity, grants, and executive pay
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
Money network: 20 filed money-flow records
Related organizations: 2 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 34/100.
Moderate — Sustainability: Operating margin scored 35/100.
Review — Sustainability: Liabilities to assets ratio scored 58/100.