DOWNERS GROVE, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Midwestern University, founded in 1900, is a major nonprofit in the Education sector that reported $518.1M in total revenue in fiscal year 2022. The organization ran a surplus of $124.4M, a strong 24% operating margin.
MIDWESTERN UNIVERSITY'S HISTORICAL AND SUSTAINING PHILOSOPHY DEDICATES THE INSTITUTION AND ITS RESOURCES TO THE HIGHEST STANDARDS OF ACADEMIC EXCELLENCE TO MEET THE EDUCATIONAL NEEDS OF THE HEALTH CARE COMMUNITY.
DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023, MIDWESTERN UNIVERSITY PROVIDED HEALTH SCIENCES EDUCATION SERVICES TO APPROXIMATELY 6,542 PRE-DOCTORAL...
DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2023, MIDWESTERN UNIVERSITY PROVIDED HEALTH SCIENCES EDUCATION SERVICES TO APPROXIMATELY 6,542 PRE-DOCTORAL STUDENTS. THESE STUDENT SERVICES ARE LOCATED ON THREE CAMPUSES, TWO IN ILLINOIS AND ONE IN ARIZONA. MIDWESTERN UNIVERSITY OFFERS HEALTH EDUCATION PROGRAMS IN MEDICINE, PHARMACY, PHYSICIAN ASSISTANCE, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, BIOMEDICAL SCIENCES, PODIATRY, CLINICAL PSYCHOLOGY, PERFUSION SERVICES, NURSE ANESTHETIST, DENTISTRY, OPTOMETRY, VETERINARY MEDICINE, SPEECH LANGUAGE PATHOLOGY, AND GRADUATE EDUCATION PROGRAMS IN MEDICINE, AS WELL AS CONTINUING EDUCATION FOR STAFF AND ALUMNI. MIDWESTERN UNIVERSITY CONTINUED ITS RESEARCH AND TRAINING PROGRAMS WITH THE SUPPORT OF FEDERAL AND PRIVATE FUNDING. MIDWESTERN UNIVERSITY CLINICS VALUE OF DISCOUNTED CARE PROVIDED $23,211,000 VALUE OF FREE CARE PROVIDED $1,938,000 THE MIDWESTERN UNIVERSITY CLINICS OPERATED AT THE ARIZONA AND/OR THE ILLINOIS CAMPUSES INCLUDE DENTAL INSTITUTES, EYE INSTITUTES, MULTISPECIALTY PRACTICES, THERAPY INSTITUTE, AND ANIMAL HEALTH INSTITUTE DESIGNED TO PROVIDE CLINICAL TEACHING SITES AND MEET A WIDE-RANGE OF HEALTHCARE NEEDS OF AREA PATIENTS. IN ACCORDANCE WITH THE UNIVERSITY'S ACADEMIC MISSION, THE FEE SCHEDULES AT THE TWO DENTAL INSTITUTES HAVE BEEN REDUCED TO APPROXIMATELY 50% OR MORE OF USUAL AND CUSTOMARY CHARGES. AS A RESULT, DURING FISCAL YEAR ENDED JUNE 30, 2023, MWU PATIENTS PAID $23,211,000 LESS IN PATIENT SERVICE FEES THAN THEY WOULD HAVE HAD MWU CHARGED USUAL AND CUSTOMARY FEES. ALSO, THE UNIVERSITY HAS A DISCOUNT PROGRAM WHEREBY LOW-INCOME INDIVIDUALS CAN APPLY FOR FREE CARE AT MWU CLINICS BASED ON THE FEDERAL POVERTY GUIDELINES. THE TOTAL DISCOUNTS IN FISCAL YEAR ENDED JUNE 30, 2023, WERE $993,000 AT STATED PATIENT SERVICE CHARGES. HAD MWU CHARGED USUAL AND CUSTOMARY FEES, THE VALUE OF THE DISCOUNTS WOULD HAVE BEEN $1,938,000.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $518,091,233 | $519,542,731 | 0.0% |
| Expenses | $393,667,514 | $379,788,171 | +0.0% |
| Net Income | $124,423,719 | $139,754,560 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | CHAIRPERSON, TRUSTEE | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | VICE CHAIRPERSON, TRUSTEE | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | PRESIDENT, CEO, TRUSTEE | 40.0 |
Officer
Director
|
$2,994,092 | $49,892 | $3,043,984 |
| N/A | SECRETARY, TREASURER, TRUSTEE | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE, THROUGH AUGUST 2022 | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | Trustee | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE AS OF DECEMBER 6, 2022 | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE AS OF DECEMBER 6, 2022 | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | LIFE TRUSTEE AS OF DECEMBER 6, 2022 | 0.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| N/A | VICE PRESIDENT, HUMAN RESOURCES GANIZATIONAL DEVELOPMENT | 40.0 |
Officer
|
$353,767 | $32,656 | $386,423 |
| N/A | SR. VICE PRESIDENT ADMINISTRATION AND COMMUNICATIONS | 40.0 |
Officer
|
$637,253 | $59,726 | $696,979 |
| N/A | VICE PRESIDENT & GENERAL COUNSEL | 40.0 |
Officer
|
$634,203 | $44,737 | $678,940 |
| N/A | VICE PRESIDENT OF OPERATIONS | 40.0 |
Officer
|
$487,455 | $59,114 | $546,569 |
| N/A | VICE PRESIDENT, SPECIAL ASSISTANT FOR FINANCE, LAST DAY OF WORK 7/1/2022 | 40.0 |
Officer
|
$566,438 | $46,690 | $613,128 |
| N/A | VICE PRESIDENT, FINANCE | 40.0 |
Officer
|
$428,688 | $54,030 | $482,718 |
| N/A | SR. VICE PRESIDENT & CHIEF ACADEMIC OFFICER | 40.0 |
Officer
|
$781,795 | $60,532 | $842,327 |
| N/A | VICE PRESIDENT, CLINIC OPERATIONS | 40.0 |
Officer
|
$286,388 | $51,942 | $338,330 |
| N/A | VICE PRESIDENT & CHIEF ACADEMIC OFFICER, LAST DAY OF WORK 07/01/2022 | 40.0 |
Officer
|
$599,943 | $43,060 | $643,003 |
| N/A | VICE PRESIDENT & CHIEF ACADEMIC OFFICER | 40.0 |
Officer
|
$650,265 | $59,943 | $710,208 |
| N/A | VICE PRESIDENT, ASSISTANT TO THE PRESIDENT | 40.0 |
Officer
|
$304,074 | $30,608 | $334,682 |
| N/A | ASSISTANT TREASURER, CFO, VICE PRESIDENT | 40.0 |
Officer
|
$560,154 | $59,606 | $619,760 |
| N/A | VICE PRESIDENT, CHIEF ACADEMIC OFFICER | 40.0 |
Officer
|
$500,474 | $40,454 | $540,928 |
| N/A | DEAN, COLLEGE OF DENTAL MEDICINE - ILLINOIS | 40.0 |
Highest
|
$523,053 | $51,908 | $574,961 |
| N/A | DEAN OF MEDICINE | 40.0 |
Highest
|
$535,573 | $52,187 | $587,760 |
| N/A | DEAN, COLLEGES OF PHARMACY | 40.0 |
Highest
|
$516,345 | $59,464 | $575,809 |
| N/A | DEAN STUDENT SERVICES | 40.0 |
Highest
|
$575,444 | $51,908 | $627,352 |
| N/A | DEAN OF MEDICINE | 40.0 |
Highest
|
$542,475 | $52,181 | $594,656 |
| 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 | $518,091,233 | $393,667,514 | $1,942,110,046 | $124,423,719 |
| 2022 | $519,542,731 | $379,788,171 | $1,816,520,106 | $139,754,560 |
| 2021 | $501,547,069 | $364,341,797 | $1,723,437,982 | $137,205,272 |
| 2020 | $479,773,396 | $358,608,193 | $1,563,955,425 | $121,165,203 |
| 2019 | $481,652,089 | $364,517,777 | $1,548,970,427 | $117,134,312 |
| 2018 | $464,714,826 | $344,242,055 | $1,422,394,557 | $120,472,771 |
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