Wilmington University

Nonprofit profile at a glance

EIN
510107088
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New Castle, DE, US
Phone
(877) 967-5464
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Higher Education Institutions

Official website

Reported finances

Revenue
$142,357,658
Expenses
$136,037,155
Assets
$384,874,339
Liabilities
$66,321,242

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

Leadership & pay

26 people listed

Executive titles in this filing

  • LAVERNE T HARMON (PRESIDENT)
  • LLOYD RICKETTS (SR. VICE PRESIDENT, CFO & TREASURER)
  • ERIN J DIMARCO (SR. VICE PRESIDENT & COO)
  • DENISE WELLS (VICE PRESIDENT)
  • HEATHER O'CONNELL (VICE PRESIDENT (THRU 2/29/24))
  • CHRISTIAN TROWBRIDGE (VICE PRESIDENT)

Highest reported compensation

  • HEATHER O'CONNELL (VICE PRESIDENT (THRU 2/29/24)): $2,384,463 total reported compensation
  • LAVERNE T HARMON (PRESIDENT): $1,414,267 total reported compensation
  • ERIN J DIMARCO (SR. VICE PRESIDENT & COO): $747,028 total reported compensation

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

Overview

Mission

Wilmington University provides broad access to affordable, career-focused education within a student-centered culture, serving qualified students from all walks of life.

What it reported doing in 2024

Wilmington university is committed to being a university where respect for each other is paramount, integrity guides all of our choices, providing educational opportunity is our primary purpose, and responsiveness to community needs is key. In designing academic programs and student services, we support innovation and actively seek faculty with experience in their fields who can provide students with an education focused on practical application.wilmington university is classified by the carnegie commission as a doctoral/research university. The university offers degree programs at the associate's, bachelor's, master's and doctoral levels. The university offers degree programs in the college of business, the college of education and liberal arts, the college of health professions and natural sciences, the college of social and behavioral sciences, the college of technology and the school of law. The university served 18,982 (unduplicated) students during fiscal 2025, offering programs at multiple locations throughout Delaware as well as providing an online modality.the university's academic accomplishments during fiscal 24/25 were as follows: wilmington university has been recognized by the carnegie foundation and the american council on education as an opportunity college and university. This institutional classification reflects that we are the only institute of higher education in the state of Delaware that affords "high access and high earnings" to foster student success. We reflect the community we serve and our graduates experience competitive wages. We join 479 institutions nationally who have earned this designation and now serve as a model to other colleges and universities.in collaboration with the department of education, theschoolhouse302, partnerships and community affairs, and professional and continuing education, the college successfully launched the second annual new school administrator induction program to support newly appointed public school principals.the council on accreditation of nurse anesthesia educational programs (coa) conducted an onsite capability/accreditation review of the Delaware nurse anesthesiology program at christianacare and wilmington university. The review team commended the high-quality self-study and robust evidence of compliance. All eight standards, inclusive of 156 criteria were found to be "in compliance." pending an official accreditation decision in october 2025, the first cohort begins in january 2026.forbes advisor education recognized wilmington university's well-rounded biology degree program as a top 10 best online biology degree program. Students can earn their degree in person at brandywine and new castle locations or 100% online using innovative at-home lab kits.the legal studies concentration in the law policy and policy and political science degree earned a favorable american bar association recommended approval.the college of technology launched a new master of science in computer science program with an inaugural cohort of 25 students. We are especially committed to caring for our students as customers and partners as such the university served a total of 18,982 students including 12,265 undergraduate, 6,017 graduate, 654 doctoral students, and 46 school of law students during fiscal 2025. The university awarded 3,972 total degrees, including 1,703 undergraduate, 2,106 graduate and 163 doctoral degrees during fiscal 2025.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 74
  • Accountability: 89
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.3%; rating input score 69
  • Program expense ratio: 78%; rating input score 78
  • Fundraising efficiency: $40.16 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 28th 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: Scored; rating input score 0
  • Grant itemization coverage: 99.1%; rating input score 99; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.2%; rating input score 81; 29th percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.4%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 2.83; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 7.3% per year; rating input score 100; 54th percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 69.3% of revenue deployed · 78% of spending went to programs
  • Governance: 13 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $106.2M in reported program spending
  • Leadership: top reported pay $2.4M · 26 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.8M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 13 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • Related organizations: 13 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.