PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION (EIN 222691757) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

DALLAS GRUNDY

Phone

2158716900

Tax Period

2023-07-01 to 2024-06-30

PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $22.6M in total revenue in fiscal year 2023. Revenue surged 325% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.0M, a strong 36% operating margin.

Mission

CONDUCTS FUNDRAISING IN SUPPORT OF PCOM, AS WELL AS, PROVIDES MANAGEMENT OF PCOM ENDOWMENT FUNDS. THESE FUNDS ARE USED TO PROVIDE SCHOLARSHIPS, AWARDS, AND FUNDS FOR OPERATING COSTS.

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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 $4,885,094

Program Service Revenue $0

Investment Income $17,721,955

Other Revenue $-55,314

TOTAL REVENUE $22,551,735

Expense Breakdown

Grants Paid $9,821,231

Salaries & Benefits $0

Fundraising Expenses $1,080,130

Program Expenses $10,058,648

Other Expenses $3,942,018

TOTAL EXPENSES $14,502,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,551,735	$5,302,744	+3.3%
Expenses	$14,502,654	$13,090,087	+0.1%
Net Income	$8,049,081	$-7,787,343	-2.0%

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

N/A

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

$4,391,199

Total Directors

$2,436,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY S FELDSTEIN DO	PRESIDENT & CEO	3.00	Officer Director	$0	$62,212	$1,285,384
KENNETH J VEIT DO	PROVOST, SVP ACADEMIC AFFAIRS, DEAN	3.00	Officer Director	$0	$67,492	$874,827
THOMAS J GRAVINA	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
JOHN B BULGER DO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
A SCOTT MCNEAL DO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEREL A HOPKINS ESQ	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM B SWALLOW DO	TRUSTEE/ALUMNI REPRESENTATIVE	1.00	Director	$0	$0	$0
MINDY GEORGE-WEINSTEIN PHD	TRUSTEE/FACULTY REPRESENTATIVE	0.00	Director	$0	$59,667	$276,140
JOHN P KEARNEY	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW O ELKES	TRUSTEE	1.00	Director	$0	$0	$0
THELMA DYE-HOLMES PHD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH A DIETERLE DO	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT LOBO DO	TRUSTEE	1.00	Director	$0	$0	$0
R DAVID MCCLESKEY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES H BLACK DO	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE T SIKES	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA A STALLINGS MD	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY P BURGESS	TRUSTEE	1.00	Director	$0	$0	$0
PETER DOULIS UNTIL 062024	VP FINANCE/CFO	3.00	Officer	$0	$80,626	$701,389
DAVID SIMON UNTIL 062024	CHIEF LEGAL AFFAIRS OFFICER	3.00	Officer	$0	$69,615	$560,972
CARRIE COLLINS	CHIEF ADVANCEMENT AND STRATEGIC PLANNING OFFICER	27.00	Officer	$0	$60,479	$485,610
MARCINE PICKRON-DAVIS	CHIEF DIVERSITY OFFICER	2.00	Officer	$0	$35,479	$347,283
DALLAS A GRUNDY AS OF 0324	VP OF FINANCE & ADMINISTRATION	3.00	Officer	$0	$0	$0
LYNN KUSH	SECRETARY	2.00	Officer	$0	$36,638	$135,734

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	$22,551,735	$14,502,654	$611,334,916	$8,049,081
2023	$5,302,744	$13,090,087	$570,849,232	$-7,787,343
2022	$21,603,845	$12,620,057	$537,423,660	$8,983,788
2021	$22,544,778	$10,543,092	$568,061,399	$12,001,686
2020	$20,326,102	$10,067,403	$419,559,519	$10,258,699
2019	$21,112,619	$11,675,944	$418,405,700	$9,436,675
2018	$30,031,200	$12,088,047	$407,331,903	$17,943,153

PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE FOUNDATION