Vanderbilt Expenses Up 5.1 %, Revenue Climbs 11.8 %

By Walter F. Roche Jr.

Vanderbilt University's head football coach Derek Mason was paid a little over $2.5 million during his first year on the job while his predecessor James Franklin was paid $4 million during his last year in Nashville.
Mason's salary, along with other financial details were included in the tax return, known as a 990, filed recently by the university with the IRS for the fiscal year ending June 30, 2015.
Now departed basketball coach Kevin Stallings was paid $4.5 million during the fiscal year and he also collected $677,767 in deferred compensation.
Medical school dean, Dr. Jeffrey Balser collected $3.1 million in salary and benefits in addition to $1.3 million in deferred compensation. His total for the prior year was $1.9 million.
University Chancellor Nicholas Zeppos was paid a little under $1.6 million, down from $2.3 million the prior year.
Athletic Director and Vice Chancellor David Williams had salary and benefits totaling a little over $1 million, down by over $1 million from the year before.
Other top earners were Dr. Charles Pinson at $2.1 million and Vice Chancellor for Finance Brett Sweet at nearly $1.2 million. Anders Hall, vice chancellor for investments, drew $2.5 million in salary and benefits.
According to the tax return, expenses climbed by $205.3 million to nearly $4.2 billion, a 5.1 per cent increase. Revenues were up by nearly $500 million to $4.5 billion, a nearly 11.8 per cent jump.
Overall salaries and benefits were up 2 per cent to $2.3 billion.
Top contractor's, the return shows, included Turner Universal Construction of Brentwood, Tenn.with $15.1 million, followed by contractor Brasfield and Gorrie of Nashville with $13.4 million. The university paid $10.7 million to Air Methods Corp. of Englewood, CO for aircraft services.
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