University of Dayton

Nonprofit profile at a glance

EIN
310536715
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2022
Location
Dayton, OH, USA
Phone
9372292890
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute
Affiliation
Christianity

Official website

Reported finances

Revenue
$947,238,621
Expenses
$897,643,780
Assets
$2,285,322,584
Liabilities
$546,437,552

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

Leadership & pay

70 people listed

Executive titles in this filing

  • ERIC F SPINA PHD (PRESIDENT OF THE UNIVERSITY/SECRETARY OF THE BOARD)
  • CHRISTOPHER J MORRISON (VICE PRESIDENT ADVANCEMENT)
  • MARY ANN P RECKER JD (VICE PRESIDENT AND GENERAL COUNSEL)
  • SUKHJINDER SIDHU (EXECUTIVE DIRECTOR RESEARCH INSTITUTE)

Highest reported compensation

  • ANTHONY D GRANT (HEAD COACH MEN'S BASKETBALL): $2,767,651 total reported compensation
  • ERIC F SPINA PHD (PRESIDENT OF THE UNIVERSITY/SECRETARY OF THE BOARD): $2,681,214 total reported compensation
  • ANDREW T HORNER (EXE VP BUSINESS AND ADMINISTRATIVE SERVICES): $803,975 total reported compensation

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

Overview

Mission

The university of dayton is a top-tier independent, catholic research educational institution founded in 1850. The primary exempt purpose is providing post secondary education through undergraduate, graduate, doctoral and continuing education programs.

What it reported doing in 2024

The university serves over 11,000 full and part time students through its degreed academic programs. We also conduct continuing education, speaker series and cultural events for our students, alumni, other life-long learners and the public. An integral part of our catholic and marianist identity is service to the community. We encourage our students, as part of their educational experience, to become involved in service learning projects on a local, state, national and international level. As the majority of our undergraduates reside on campus, we provide living, learning and working experiences by operating our dormitories, food services and bookstore internally for the benefit of the students. Instruction statistics for this fiscal year: 8,027 - undergraduate students; 3,357 - graduate, law, doctoral students. Degrees awarded this fiscal year: 2,033 - bachelor; 1,063 - master; 112 - doctorate; 165 - law.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% 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: 81
  • Transparency & Controls: 81
  • Accountability: 98
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.8%; rating input score 89
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: $5.12 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 33rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 97.1%; rating input score 97; 52nd 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: 5.2%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 2.55; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 88.8% of revenue deployed · 87.8% of spending went to programs
  • Governance: 33 of 34 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $788.5M in reported program spending
  • Leadership: top reported pay $2.8M · 70 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10.2M reported
  • Consistency: 51 of 52 current checks pass · 1 finding to review
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 45 filed money-flow records
  • Related organizations: 27 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.