EAST-WEST UNIVERSITY

EIN: 391353508 501(c)(3) Education

CHICAGO, IL

Total Revenue
$15,554,064
Total Expenses
$11,803,605
Total Assets
$88,804,341
Net Assets
$77,287,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
WI
Principal Officer
DR MADHU JAIN
Phone
3126707444
Tax Period
2023-09-01 to 2024-08-31

EAST WEST UNIVERSITY, founded in 1979, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2017. Revenue decreased 18% compared to the prior year. Net assets of $69.5M represent 81 months of operating reserves.

Mission

INDEPENDENT INSTITUTION OF HIGHER LEARNING LOCATED IN DOWNTOWN CHICAGO.

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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 $1,150,280
Program Service Revenue $13,453,147
Investment Income $1,973,698
Other Revenue $-1,023,061
TOTAL REVENUE $15,554,064

Expense Breakdown

Grants Paid $4,031,280
Salaries & Benefits $3,203,036
Fundraising Expenses $199,010
Program Expenses $10,845,486
Other Expenses $4,569,289
TOTAL EXPENSES $11,803,605

Year-over-Year Comparison

2023 2022 Change
Revenue $15,554,064 $13,161,901 +0.2%
Expenses $11,803,605 $11,882,721 0.0%
Net Income $3,750,459 $1,279,180 +1.9%
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

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Governance

Voting Members
19
Independent Members
19
Employees
130
Volunteers
19

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
$396,417
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR JAMES W THOMAS CHAIRMAN AND CEO 2.00
Officer Director
$0 $0 $0
REV DR B HERBERT MARTIN SR VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MR BILL AOSSEY TRUSTEE 2.00
Director
$0 $0 $0
MS CAROL BELL TRUSTEE 2.00
Director
$0 $0 $0
DR TARIQ BUTT TRUSTEE 2.00
Director
$0 $0 $0
HONORABLE DANNY K DAVIS TRUSTEE 2.00
Director
$0 $0 $0
DR ABDUL SULTAN HASSAM TRUSTEE 2.00
Director
$0 $0 $0
MT TARIQ S JUNEJO TRUSTEE 2.00
Director
$0 $0 $0
MR SHAHID KHAN TRUSTEE 2.00
Director
$0 $0 $0
DR KHURSHEES A MALLICK TRUSTEE 2.00
Director
$0 $0 $0
MR TRACY MEEKS TRUSTEE 2.00
Director
$0 $0 $0
MR MATTHEW O'KANE TRUSTEE 2.00
Director
$0 $0 $0
MR SHER RAJPUT TRUSTEE 2.00
Director
$0 $0 $0
MR JOHN SCOTT TRUSTEE 2.00
Director
$0 $0 $0
MS SAADIA SHAH TRUSTEE 2.00
Director
$0 $0 $0
DR ASHRAF TOOR TRUSTEE 2.00
Director
$0 $0 $0
DR KHUTB UDDIN TRUSTEE 2.00
Director
$0 $0 $0
HONORABLE JESSE WHITE TRUSTEE 2.00
Director
$0 $0 $0
DR SAKHAWAT HUSSAIN TRUSTEE 2.00
Director
$0 $0 $0
DR M WASI KHAN EXECUTIVE VP/CHANCELOR 40.00
Officer
$210,636 $0 $210,636
DR MADHU JAIN TREASURER/PROVOST 40.00
Officer
$185,781 $0 $185,781
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 $15,554,064 $11,803,605 $88,804,341 $3,750,459
2023 $13,161,901 $11,882,721 $88,000,141 $1,279,180
2022 $13,733,821 $10,950,300 $88,803,835 $2,783,521
2021 $10,650,646 $10,741,721 $90,912,569 $-91,075
2020 $10,871,885 $9,883,730 $91,336,302 $988,155
2019 $9,894,714 $10,186,946 $91,475,953 $-292,232
2018 $10,325,624 $10,058,636 $93,627,314 $266,988
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