SALUS UNIVERSITY (EIN 231413680) - 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

1919

Legal Domicile

Principal Officer

DR MICHAEL H MITTELMAN

Phone

2157801400

Tax Period

2022-07-01 to 2023-06-30

SALUS UNIVERSITY, founded in 1919, is a mid-sized nonprofit that reported $57.1M in total revenue in fiscal year 2022.

Mission

ADVANCING INTEGRATED HEALTH CARE THROUGH INNOVATIVE EDUCATION, RESEARCH AND CLINICAL SERVICES

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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 $5,475,823

Program Service Revenue $50,307,014

Investment Income $103,313

Other Revenue $1,186,559

TOTAL REVENUE $57,072,709

Expense Breakdown

Grants Paid $3,499,532

Salaries & Benefits $36,361,417

Fundraising Expenses $637,439

Program Expenses $47,080,794

Other Expenses $19,201,619

TOTAL EXPENSES $59,069,778

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,072,709	$55,000,355	+0.0%
Expenses	$59,069,778	$55,776,583	+0.1%
Net Income	$-1,997,069	$-776,228	+1.6%

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

931

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

$756,943

Total Directors

$775,232

Key Employees

$742,722

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL H MITTELMAN	PRESIDENT	45.00	Officer Director	$445,844	$47,231	$493,075
DR RADKIKA ARAVAMUDHAN	DEAN COLLEGE OF AUDIOLOGY	35.00	Highest	$309,289	$38,084	$347,373
DR BARRY ECKERT	VICE PRESIDENT AND PROVOST	45.00	Key Emp	$266,748	$45,837	$312,585
DR MELISSA TREGO	DEAN COLLEGE OF OPTOMETRY	35.00	Highest	$273,692	$37,108	$310,800
DR MITCHELL SCHEIMAN	DEAN RESEARCH	35.00	Highest	$266,655	$30,603	$297,258
MR DONALD C KATES	VP FINANCE	45.00	Officer	$223,767	$40,101	$263,868
DR JAMES KONOPACK	DEAN EDUCATION AND REHABILITATION	35.00	Highest	$232,228	$31,414	$263,642
MS JACQUELINE PATTERSON	VP INSTITUTIONAL ADVANCEMENT	35.00	Highest	$203,314	$26,981	$230,295
MR JOHN GAAL	VP CLINIC OPERATIONS	45.00	Key Emp	$188,109	$28,215	$216,324
MS ELIZABETH MOY	CHIEF OF STAFF	45.00	Key Emp	$176,140	$37,673	$213,813
DR CAITLYN FOY	TRUSTEE/FACULTY REP AS OF JAN 2023	1.00	Director	$116,995	$27,508	$144,503
DR JAMIE AE NEIMAN	TRUSTEE/FACULTY REP TO JAN 2023	1.00	Director	$118,380	$19,274	$137,654
MS REBECCA DELIA	CHAIR	1.00	Officer Director	$0	$0	$0
DR DANIEL ABRAMOWICZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR CRAIG CASSEY	SECRETARY	1.00	Officer Director	$0	$0	$0
MS EMILY TURNER	TREASURER	1.00	Officer Director	$0	$0	$0
MS STELLA LEE	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
MS TERRI ALBERTSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR DERRICK ARTIS	TRUSTEE	1.00	Director	$0	$0	$0
DR THOMAS BEEMAN	TRUSTEE	1.00	Director	$0	$0	$0
MR CHRISTOPHER DEZZI	TRUSTEE	1.00	Director	$0	$0	$0
MR READE FAHS	TRUSTEE	1.00	Director	$0	$0	$0
MS CAROLYN FORCINA	TRUSTEE	1.00	Director	$0	$0	$0
MR KEITH D IGNOTZ	TRUSTEE	1.00	Director	$0	$0	$0
DR KATHLEEN KINSLOW	TRUSTEE	1.00	Director	$0	$0	$0
MS JOYCE KOH	TRUSTEE	1.00	Director	$0	$0	$0
MR SEAN LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
MR DANIEL LIBERMAN	TRUSTEE	1.00	Director	$0	$0	$0
MS DANA MATTINGLY	TRUSTEE	1.00	Director	$0	$0	$0
MR WILLIAM MCCUNE	TRUSTEE	1.00	Director	$0	$0	$0
MS SARAH MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
MS MICHELE PALOS-SAMSI	TRUSTEE	1.00	Director	$0	$0	$0
MS JO SURPIN	TRUSTEE	1.00	Director	$0	$0	$0
MS SHANNON TORNOE	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$57,072,709	$59,069,778	$69,668,806	$-1,997,069
2022	$55,000,355	$55,776,583	$71,273,054	$-776,228
2021	$53,963,466	$51,648,913	$71,855,290	$2,314,553
2020	$52,169,129	$50,823,126	$72,160,426	$1,346,003
2019	$52,338,298	$53,554,679	$75,050,524	$-1,216,381
2018	$52,781,817	$50,058,592	$76,048,958	$2,723,225

SALUS UNIVERSITY