AI Transparency Report
Daemen University demonstrates a generally stable financial position over the past decade, with revenues consistently exceeding or closely matching expenses in most years. For instance, in 2023, revenue was $86,763,348 against expenses of $86,606,944, indicating a slight surplus. The organization's assets have remained robust, fluctuating around the $80-89 million mark, with $81,683,749 in assets reported in 2023. Liabilities have shown a positive trend, decreasing from $45,586,559 in 2014 to $33,609,872 in 2023, suggesting improved financial management and reduced debt burden.
While specific program spending percentages are not explicitly detailed in the provided summary, as an educational institution (NTEE Code B420), the vast majority of its expenses would inherently be directed towards its programmatic mission of education. The consistent revenue generation and asset base indicate a sustainable operational model. The absence of reported officer compensation in the provided data for all years is unusual for an organization of this size and warrants further investigation into how executive compensation is reported or structured, as it could impact transparency.