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

1995

Legal Domicile

Principal Officer

MELVIN NESS

Phone

6465656000

Tax Period

2023-07-01 to 2024-06-30

TOURO UNIVERSITY, founded in 1995, is a mid-sized nonprofit that reported $99.3M in total revenue in fiscal year 2023. Expenses of $92.6M left a modest 7% surplus.

Mission

TOURO UNIVERSITY CALIFORNIA PROVIDES GRADUATE AND PROFESSIONAL EDUCATIONAL EXCELLENCE IN THE FIELDS OF HEALTH SCIENCES, PUBLIC HEALTH, AND EDUCATION FOCUSED ON RESEARCH AND SCHOLARSHIP. SEE SCHEDULE O.TOURO UNIVERSITY CALIFORNIA PROVIDES GRADUATE AND PROFESSIONAL EDUCATIONAL EXCELLENCE IN THE FIELDS OF HEALTH SCIENCES, PUBLIC HEALTH, AND EDUCATION. THE TUC LEARNING EXPERIENCE IS STUDENT-CENTERED, ENRICHED BY FOCUSED RESEARCH AND SCHOLARSHIP, AND PREPARES PROFESSIONALS FOR REWARDING LIVES IN SERVICE TO OTHERS BOTH LOCALLY AND AROUND THE GLOBE.

Program Service Accomplishments

Program 1

Expenses: $79,683,674 Revenue: $96,505,545

TOURO UNIVERSITY, A CALIFORNIA CORPORATION, HAS TWO DIVISIONS: TOURO UNIVERSITY CALIFORNIA (TUC) AND TOURO UNIVERSITY WORLDWIDE (TUW). TUC INCLUDES A COLLEGE OF OSTEOPATHIC MEDICINE, A COLLEGE OF...

TOURO UNIVERSITY, A CALIFORNIA CORPORATION, HAS TWO DIVISIONS: TOURO UNIVERSITY CALIFORNIA (TUC) AND TOURO UNIVERSITY WORLDWIDE (TUW). TUC INCLUDES A COLLEGE OF OSTEOPATHIC MEDICINE, A COLLEGE OF PHARMACY AND A COLLEGE OF EDUCATION AND HEALTH SCIENCES. TUW OPERATES A DISTANCE-LEARNING UNIT OFFERING BACHELORS, MASTERS, AND DOCTORATE DEGREES, AND IT HAS UNDERGRADUATE PROGRAMS OFFERED BY TOURO COLLEGE LOS ANGELES (TCLA) OFFERING BACHELOR DEGREES IN BUSINESS MANAGEMENT AND ADMINISTRATION AND PSYCHOLOGY. DURING THIS FISCAL YEAR TOURO UNIVERSITY GRANTED THE FOLLOWING ACADEMIC DEGREES: UNDERGRADUATE (129); GRADUATE (991); AND DOCTORAL OR FIRST PROFESSIONAL (252).

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,324,628

Program Service Revenue $95,453,184

Investment Income $1,458,385

Other Revenue $1,065,342

TOTAL REVENUE $99,301,539

Expense Breakdown

Grants Paid $4,605,264

Salaries & Benefits $52,292,311

Fundraising Expenses $2,355,829

Program Expenses $79,683,674

Other Expenses $35,749,198

TOTAL EXPENSES $92,646,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,301,539	$95,319,263	+0.0%
Expenses	$92,646,773	$87,544,657	+0.1%
Net Income	$6,654,766	$7,774,606	-0.1%

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

998

Volunteers

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

$4,418,985

Total Directors

$1,890,912

Key Employees

$301,850

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RABBI MENACHEM GENACK	TRUSTEE AND PROFESSOR	1.00	Director	$0	$232	$86,960
ALAN KADISH	PRESIDENT, CEO AND TRUSTEE	2.00	Officer Director	$0	$271,255	$1,335,433
RABBI DANIEL LANDER	TRUSTEE AND CHANCELLOR	1.00	Director	$0	$197,346	$468,519
ABRAHAM BIDERMAN	TRUSTEE	0.10	Director	$0	$0	$0
BEN CHOUAKE	TRUSTEE	0.10	Director	$0	$0	$0
ALLEN FAGIN	TRUSTEE	0.10	Director	$0	$0	$0
SOLOMON GOLDFINGER	TRUSTEE	0.10	Director	$0	$0	$0
DAVID LICHTENSTEIN	TRUSTEE	0.10	Director	$0	$0	$0
MARTIN OLINER	TRUSTEE	0.10	Director	$0	$0	$0
LAWRENCE PLATT	TRUSTEE	0.10	Director	$0	$0	$0
STEPHEN ROSENBERG	TRUSTEE	0.10	Director	$0	$0	$0
ZVI RYZMAN	CHAIR OF BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JACK WEINREB	TRUSTEE	0.10	Director	$0	$0	$0
HOWARD FRIEDMAN	TRUSTEE	0.10	Director	$0	$0	$0
ISRAEL SENDROVIC	TRUSTEE	0.10	Director	$0	$0	$0
ABRAHAM GUTNICKI	TRUSTEE	0.10	Director	$0	$0	$0
SHMUEL BRAUN	TRUSTEE	0.10	Director	$0	$0	$0
SHABSAI WOLFE	TRUSTEE	0.10	Director	$0	$0	$0
BRIAN LEVINSON	TRUSTEE	0.10	Director	$0	$0	$0
MARGARET RETTER	TRUSTEE	0.10	Director	$0	$0	$0
GILLES GADE	TRUSTEE	0.10	Director	$0	$0	$0
GARY TORGOW	TRUSTEE	0.10	Director	$0	$0	$0
STEVEN ZULLER	TRUSTEE	0.10	Director	$0	$0	$0
ZAHAVA FRIEDMAN	TRUSTEE	0.10	Director	$0	$0	$0
JUDY HASTEN KAYE	TRUSTEE	0.10	Director	$0	$0	$0
DEBRA HARTMAN	TRUSTEE	0.10	Director	$0	$0	$0
SARAH SWEITZER	FORMER PROVOST - END 9/23	35.00	Officer	$238,015	$15,114	$253,129
MELVIN NESS	SENIOR VP, CFO	1.50	Officer	$0	$17,223	$457,725
MOSHE KRUPKA	EXECUTIVE VP	5.00	Officer	$0	$132,522	$468,905
MICHAEL NEWMAN	SECRETARY, SR VP AND GENERAL COUNSEL	5.50	Officer	$0	$39,504	$382,858
TAMI HENDRIKSZ	PROVOST & DEAN, COLLEGE OF MED.	35.00	Officer	$455,321	$46,893	$502,214
NEWMAN HOFFMAN	COO & VP OF FINANCE	35.00	Officer	$246,528	$13,365	$259,893
JEFFREY ROSENGARTEN	SENIOR VP OF OPERATIONS & ADMIN.	2.00	Officer	$0	$17,429	$409,436
ROY FINALY	INTERIM CEO	35.00	Officer	$291,708	$57,684	$349,392
JAMES D SCOTT	DEAN, COLLEGE OF PHARMACY	35.00	Key Emp	$286,578	$15,272	$301,850
JEAN-MARC SCHWARZ	PROFESSOR	35.00	Highest	$282,464	$45,061	$327,525
JAY H SHUBROOK	PROFESSOR	34.00	Highest	$293,582	$45,692	$339,274
SUMERA AHMED	ASSISTANT PROFESSOR	35.00	Highest	$263,463	$862	$264,325
KENNETH S WHITLOW	SR. ASSC. DEAN COLLEGE OF OSTEOPATHIC MEDICINE	35.00	Highest	$261,840	$26,636	$288,476
STACIA M SLOANE	ASSISTANT PROFESSOR	35.00	Highest	$249,758	$29,470	$279,228
ROCHELLE BERKLEY - END 0623	FMR CEO & SR PROVOST WESTERN DIV	11.00		$0	$9,377	$194,124

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	$99,301,539	$92,646,773	$105,430,385	$6,654,766
2023	$95,319,263	$87,544,657	$95,026,145	$7,774,606
2022	$97,479,390	$85,658,231	$90,368,216	$11,821,159
2021	$93,950,601	$97,120,799	$83,518,573	$-3,170,198
2020	$91,677,502	$81,558,918	$80,973,441	$10,118,584
2019	$87,859,502	$82,761,014	$69,542,459	$5,098,488
2018	$84,139,423	$85,555,563	$72,313,266	$-1,416,140