NORTHWESTERN HEALTH SCIENCES UNIVERSITY (EIN 410684657) - 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

1942

Legal Domicile

Principal Officer

DR DEBORAH J BUSHWAY

Phone

9527774342

Tax Period

2023-09-01 to 2024-08-31

NORTHWESTERN HEALTH SCIENCES UNIVERSITY, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $27.8M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

PREPARE PROFESSIONALS AND LEADERS TO BECOME CONTRIBUTORS TO THE ADVANCEMENT OF HEALTH CARE.

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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 $856,947

Program Service Revenue $25,774,723

Investment Income $566,959

Other Revenue $644,533

TOTAL REVENUE $27,843,162

Expense Breakdown

Grants Paid $1,766,537

Salaries & Benefits $19,113,706

Fundraising Expenses $460,811

Program Expenses $24,471,622

Other Expenses $9,378,095

TOTAL EXPENSES $30,258,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,843,162	$34,274,674	-0.2%
Expenses	$30,258,338	$34,457,025	-0.1%
Net Income	$-2,415,176	$-182,351	+12.2%

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

525

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

$662,781

Total Directors

$447,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BUSHWAY	PRESIDENT	40.00	Officer Director	$383,770	$63,594	$447,364
KEITH M JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
LORI LAUBER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK GARNETT	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HOLTE	TRUSTEE	2.00	Director	$0	$0	$0
ROGER LINDAHL	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER D JO	VICE CHAIR	2.00	Director	$0	$0	$0
MARY BETH MINSER	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL OFFERMAN	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL ROMANELLI	TRUSTEE	2.00	Director	$0	$0	$0
CODY SCHARPF	TRUSTEE	2.00	Director	$0	$0	$0
NICOLE VANECEK	TRUSTEE	2.00	Director	$0	$0	$0
DESIREE WHITNEY	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE HEGARTY	CFO (THRU MARCH 2024)	40.00	Officer	$195,569	$19,848	$215,417
JANE GARNER	CFO/TREASURER (AS OF APRIL 2024)	40.00	Officer	$0	$0	$0
TAMARA TAYLOR	VICE CHAIR (THRU MARCH 2024)	2.00	Officer	$0	$0	$0
MICHAEL TENNISON	VP CLINIC ADMINISTRATION	40.00	Highest	$238,697	$46,329	$285,026
KIMBERLY PEARCE	CHIEF ACADEMIC OFFICER	40.00	Highest	$201,757	$42,508	$244,265
CORY MILLER	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$193,219	$43,359	$236,578
LINDA BERG	VP OF ADVANCEMENT	40.00	Highest	$188,859	$10,202	$199,061
MARY GALE	VP OF HR	40.00	Highest	$169,992	$37,207	$207,199

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	$27,843,162	$30,258,338	$34,328,610	$-2,415,176
2023	$34,274,674	$34,457,025	$37,724,508	$-182,351
2023	$34,274,674	$34,457,025	$37,724,508	$-182,351
2022	$31,815,129	$32,778,463	$34,976,239	$-963,334
2021	$34,284,875	$32,088,845	$39,341,448	$2,196,030
2020	$31,996,558	$31,458,699	$38,389,648	$537,859
2019	$29,928,444	$28,568,719	$36,656,456	$1,359,725
2018	$28,491,725	$27,254,343	$36,177,273	$1,237,382

NORTHWESTERN HEALTH SCIENCES UNIVERSITY