TOURO UNIVERSITY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

MELVIN NESS

Phone

6465656000

Tax Period

2022-07-01 to 2023-06-30

TOURO UNIVERSITY, founded in 1970, is a major nonprofit in the Education sector that reported $367.3M in total revenue in fiscal year 2022.

Mission

THE UNIVERSITY'S PRIMARY PURPOSE IS TO PROVIDE AN INDEPENDENT INSTITUTION OF HIGHER AND PROFESSIONAL EDUCATION. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $329,352,847 Revenue: $334,245,035

ACADEMIC SUPPORT: TOURO UNIVERSITY PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 12,000 UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS DURING THE FISCAL...

ACADEMIC SUPPORT: TOURO UNIVERSITY PROVIDED EDUCATION, PRIMARILY IN THE NEW YORK CITY METROPOLITAN AREA, TO APPROXIMATELY 12,000 UNDERGRADUATE, GRADUATE AND PROFESSIONAL STUDENTS DURING THE FISCAL YEAR IN VARIOUS FIELDS OF STUDY, INCLUDING LAW, MEDICINE AND OTHER HEALTHCARE FIELDS, GRANTING THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (1,452); GRADUATE (1,432); FIRST PROFESSIONAL (657).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $28,949,819

Program Service Revenue $309,848,108

Investment Income $3,890,117

Other Revenue $24,577,616

TOTAL REVENUE $367,265,660

Expense Breakdown

Grants Paid $38,765,388

Salaries & Benefits $195,842,857

Fundraising Expenses $3,794,460

Program Expenses $329,352,847

Other Expenses $130,290,035

TOTAL EXPENSES $364,898,280

Year-over-Year Comparison

	2022	2021	Change
Revenue	$367,265,660	$366,981,680	+0.0%
Expenses	$364,898,280	$338,426,342	+0.1%
Net Income	$2,367,380	$28,555,338	-0.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3404

Volunteers

350

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,933,800

Total Directors

$1,876,781

Key Employees

$2,565,417

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN KADISH	PRESIDENT,CEO AND TRUSTEE	18.00	Officer Director	$1,044,121	$268,885	$1,313,006
RABBI DANIEL LANDER	TRUSTEE AND CHANCELLOR	3.00	Officer Director	$103,364	$193,208	$475,899
KENNETH STEIER	EXECUTIVE DEAN, PROFESSOR	35.00	Key Emp	$491,015	$49,191	$540,206
PATRICIA SALKIN	PROVOST GRAD AND PROF SCHOOLS	31.50	Officer	$431,285	$116,505	$547,790
MELVIN NESS	SENIOR VP, CFO	30.90	Officer	$417,118	$16,540	$433,658
EDWARD F FARKAS	VICE DEAN, TOURO DENTAL SCHOOL	35.00	Highest	$372,443	$42,824	$415,267
SALOMON AMAR	SR VP FOR RESEARCH AFFAIRS	19.00	Key Emp	$372,225	$107,765	$669,595
RONNIE MYERS	DEAN, DENTAL SCHOOL	35.00	Key Emp	$369,696	$37,326	$407,022
ELENA LANGAN	DEAN, LAW SCHOOL	34.50	Key Emp	$338,036	$28,129	$366,165
JEFFREY ROSENGARTEN	SENIOR VP OF OPER. & ADMIN.	29.00	Officer	$337,090	$16,790	$353,880
MICHAEL NEWMAN	SECRETARY, SR. VP AND GEN COUNSEL	20.00	Officer	$328,491	$38,130	$366,621
ELIZABETH A PALMAROZZI	DEAN, TOURO COLL. OSTEO. MED. MONTANA	35.00	Highest	$356,350	$10,435	$366,785
MOSHE KRUPKA	EXECUTIVE VP	28.00	Officer	$300,764	$142,182	$442,946
MATTHEW BONILLA	VP OF STUDENT SERVICES - END 6/18	21.00		$287,618	$42,824	$330,442
BARBARA CAPOZZI	CLINICAL DEAN TOUROCOM	35.00	Highest	$281,886	$24,973	$306,859
JOSEPH TOMMASINO	VP PA PROGRAM OPERATIONS	35.00	Highest	$281,054	$8,105	$289,159
MARIAN STOLTZ-LOIKE	VP, ONLINE EDUCATION - END 6/18	35.00		$274,859	$26,525	$301,384
JUDAH WEINBERGER	VP OF COLLABORATIVE MED. - END 6/18	35.00		$273,065	$15,145	$288,210
HAROLD ABRAMSON	PROFESSOR OF LAW	35.00	Highest	$261,906	$23,235	$285,141
HENRY COHEN	DEAN, PHARMACY SCHOOL	35.00	Key Emp	$261,457	$99,822	$361,279
FRANKLIN STEEN	VP OF TECHNOLOGY - END 6/18	29.00		$254,077	$35,183	$289,260
NADIA GRAFF	VP GRAD & PROF STUDIES - END 6/18	35.00		$247,217	$13,562	$260,779
LOUIS PRIMAVERA	DEAN, SCHOOL OF HEALTH SCIENCES	35.00	Key Emp	$209,448	$11,702	$221,150
RICHARD BRAUNSTEIN	VP, DEPUTY GEN. COUNSEL - END 6/18	24.90		$187,594	$9,961	$197,555
ROBERT GOLDSCHMIDT	VP PLANNING & ASSESSMENT - END 6/18	35.00		$180,765	$48,179	$228,944
STANLEY BOYLAN	VP OF UNDERGRADUATE ED. - END 6/18	35.00		$153,653	$44,523	$198,176
ALAN CINER	VICE PRESIDENT - END 6/18	35.00		$134,089	$59,278	$193,367
ISRAEL SINGER	VICE PRESIDENT	35.00		$128,307	$17,145	$145,452
RABBI MENACHEM GENACK	TRUSTEE AND FACULTY	31.00	Director	$28,069	$3,230	$87,876
ABRAHAM BIDERMAN	TRUSTEE	0.80	Director	$0	$0	$0
SHMUEL BRAUN	TRUSTEE	0.80	Director	$0	$0	$0
BEN CHOUAKE	TRUSTEE	0.40	Director	$0	$0	$0
ALLEN FAGIN	TRUSTEE	0.80	Director	$0	$0	$0
ZAHAVA FRIEDMAN	TRUSTEE	0.80	Director	$0	$0	$0
HOWARD FRIEDMAN	TRUSTEE	0.80	Director	$0	$0	$0
GILLES GADE	TRUSTEE	0.80	Director	$0	$0	$0
SOLOMON GOLDFINGER	TRUSTEE	0.80	Director	$0	$0	$0
ABRAHAM GUTNICKI	TRUSTEE	0.80	Director	$0	$0	$0
DEBRA HARTMAN	TRUSTEE	0.80	Director	$0	$0	$0
JUDY HASTEN KAYE	TRUSTEE	0.80	Director	$0	$0	$0
DAVID LICHTENSTEIN	TRUSTEE	0.70	Director	$0	$0	$0
MARTIN OLINER	TRUSTEE	0.43	Director	$0	$0	$0
LAWRENCE PLATT	TRUSTEE	0.80	Director	$0	$0	$0
MARGARET RETTER	TRUSTEE	0.80	Director	$0	$0	$0
STEPHEN ROSENBERG	TRUSTEE	0.70	Director	$0	$0	$0
ZVI RYZMAN	CHAIRMAN AND TRUSTEE	2.00	Director	$0	$0	$0
ISRAEL SENDROVIC	TRUSTEE	0.80	Director	$0	$0	$0
GARY TORGOW	TRUSTEE	0.80	Director	$0	$0	$0
JACK WEINREB	TRUSTEE	0.80	Director	$0	$0	$0
BRIAN LEVINSON	TRUSTEE	0.80	Director	$0	$0	$0
RABBI SHABSAI WOLFE	TRUSTEE	0.80	Director	$0	$0	$0
STEVEN ZULLER	TRUSTEE	0.80	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$367,265,660	$364,898,280	$789,718,250	$2,367,380
2022	$366,981,680	$338,426,342	$635,568,215	$28,555,338
2020	$321,976,604	$321,177,381	$558,489,117	$799,223
2019	$308,699,196	$309,789,097	$434,472,731	$-1,089,901
2018	$319,297,654	$292,068,699	$440,731,204	$27,228,955