PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE

EIN: 231355135 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$183,460,060
Total Expenses
$177,201,075
Total Assets
$151,248,060
Net Assets
$61,818,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
PA
Principal Officer
DALLAS A GRUNDY
Phone
2158716900
Tax Period
2023-07-01 to 2024-06-30

PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE, founded in 1911, is a major nonprofit in the Education sector that reported $183.5M in total revenue in fiscal year 2023. Expenses of $177.2M left a modest 3% surplus.

Mission

THE COLLEGE PROVIDES EDUCATION TO MEDICAL STUDENTS AND OTHER GRADUATE STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,349,171
Program Service Revenue $169,240,441
Investment Income $238,842
Other Revenue $4,631,606
TOTAL REVENUE $183,460,060

Expense Breakdown

Grants Paid $1,196,868
Salaries & Benefits $115,112,757
Fundraising Expenses $2,658,723
Program Expenses $117,821,378
Other Expenses $60,891,450
TOTAL EXPENSES $177,201,075

Year-over-Year Comparison

2023 2022 Change
Revenue $183,460,060 $173,233,787 +0.1%
Expenses $177,201,075 $172,577,902 +0.0%
Net Income $6,258,985 $655,885 +8.5%
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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Governance

Voting Members
18
Independent Members
15
Employees
1531
Volunteers
3637

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
13
$4,743,389
Total Directors
18
$2,436,351
Key Employees
1
$422,758
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY S FELDSTEIN DO PRESIDENT & CEO 42.00
Officer Director
$1,223,172 $62,212 $1,285,384
KENNETH J VEIT DO PROVOST, SVP ACADEMIC AFFAIRS, DEAN 42.00
Officer Director
$807,335 $67,492 $874,827
MINDY GEORGE-WEINSTEIN PHD TRUSTEE/FACULTY REPRESENTATIVE 40.00
Director
$216,473 $59,667 $276,140
THOMAS J GRAVINA CHAIRMAN OF THE BOARD 3.00
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 REPRESENTAT 1.00
Director
$0 $0 $0
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 BURGESS TRUSTEE 1.00
Director
$0 $0 $0
PETER DOULIS UNTIL 0624 VP FINANCE/CFO 42.00
Officer
$620,763 $80,626 $701,389
DAVID SIMON UNTIL 0624 CHIEF LEGAL AFFAIRS OFFICER 42.00
Officer
$491,357 $69,615 $560,972
CARRIE COLLINS CHIEF ADVANCEMENT AND STRATEGIC PLANNING OFFICER 18.00
Officer
$425,131 $60,479 $485,610
MARCINE PICKRON-DAVIS CHIEF DIVERSITY OFFICER 38.00
Officer
$311,804 $35,479 $347,283
R BRYAN GINN GA CHIEF CAMPUS OFFICER 40.00
Officer
$295,506 $56,684 $352,190
LYNN KUSH SECRETARY 38.00
Officer
$99,096 $36,638 $135,734
DALLAS A GRUNDY AS OF 0324 VP OF FINANCE & ADMINISTRATION 42.00
Officer
$0 $0 $0
ANDREA MANN DEAN & CHIEF ACADEMIC OFFICER GA (SUWANEE) 40.00
Key Emp
$342,132 $80,626 $422,758
HASCO CRAVER SGA DEAN & CHIEF ACADEMIC OFFICER 40.00
Highest
$373,408 $65,106 $438,514
ARTHUR SESSO DO PROFESSOR & CHAIR OF SURGERY 40.00
Highest
$361,301 $76,789 $438,090
MARLA GOLDEN DO MS DEAN - PCOM SOUTH GEORGIA 40.00
Highest
$330,346 $72,569 $402,915
GREGORY MCDONALD DO DEAN OF COLLEGE OF HEALTH SCIENCES/PHYSICIAN 40.00
Highest
$325,839 $68,991 $394,830
DANIEL PARENTI DO PHYSICIAN 40.00
Highest
$324,414 $68,777 $393,191
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 $183,460,060 $177,201,075 $151,248,060 $6,258,985
2023 $173,233,787 $172,577,902 $149,489,162 $655,885
2022 $172,779,494 $163,153,235 $159,868,315 $9,626,259
2021 $168,282,211 $152,337,485 $181,055,167 $15,944,726
2020 $158,892,412 $147,114,639 $178,440,650 $11,777,773
2019 $155,283,320 $134,049,757 $171,702,827 $21,233,563
2018 $149,551,335 $126,304,051 $117,830,051 $23,247,284
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