NORTHWESTERN HEALTH SCIENCES UNIVE… - Form 990 Financial Data

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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

2024-09-01 to 2025-08-31

NORTHWESTERN HEALTH SCIENCES UNIVERSITY, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $28.7M in total revenue in fiscal year 2024.

Mission

NORTHWESTERN HEALTH SCIENCES UNIVERSITY PREPARES AND SERVES THE NEXT GENERATION OF PROFESSIONALS AND LEADERS TO BECOME VITAL CONTRIBUTORS TO THE DELIVERY AND ADVANCEMENT OF HEALTH CARE. OUR MISSION IS ACCOMPLISHED THROUGH EDUCATIONAL EXCELLENCE, INNOVATIVE RESEARCH, EVIDENCE-INFORMED PATIENT-CENTERED CARE, PUBLIC HEALTH ADVOCACY AND COLLABORATIVE COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $21,109,765 Revenue: $25,207,750

CORE PROGRAM - THE UNIVERSITY'S ACCREDITED CHIROPRACTIC, ACUPUNCTURE & CHINESE MEDICINE, MASSAGE THERAPY, NUTRITION AND UNDERGRADUATE PROGRAMS PROVIDE INSTRUCTION AND CLINICAL EXPERIENCE TO STUDENTS, LEADING TO A DEGREE AND/OR PROFESSIONAL CERTIFICATE.FALL 2024 ENROLLMENT PER PROGRAM (NUMBER OF STUDENTS):CHIROPRACTIC - 495; ACUPUNCTURE AND CHINESE MEDICINE - 81; MASSAGE THERAPY - 92; NUTRITION - 58; UNDERGRADUATE - 234, ALLIED HEALTH - 185.

Program 2

Expenses: $1,464,562 Revenue: $957,829

CLINICAL - THE CLINICS PROVIDE CHIROPRACTIC, ACUPUNCTURE, MASSAGE THERAPY AND PHYSICAL THERAPY TREATMENTS TO STUDENTS, EMPLOYEES AND THE PUBLIC. STUDENTS OBTAIN EXPERIENCE THROUGH CLINICAL SERVICE...

CLINICAL - THE CLINICS PROVIDE CHIROPRACTIC, ACUPUNCTURE, MASSAGE THERAPY AND PHYSICAL THERAPY TREATMENTS TO STUDENTS, EMPLOYEES AND THE PUBLIC. STUDENTS OBTAIN EXPERIENCE THROUGH CLINICAL SERVICE. THE UNIVERSITY ALSO PROVIDES THESE SERVICES AT SEVERAL COMMUNITY CLINICS.NUMBER OF STUDENTS IN THE ON-SITE CLINICS - 583NUMBER OF PATIENT VISITS - 28,160

Program 3

Expenses: $1,384,238 Revenue: $544,583

AUXILIARY - THE BOOKSTORE'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL MATERIALS FOR STUDENTS, BUT IS OPEN TO THE GENERAL PUBLIC AS WELL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $798,547

Program Service Revenue $26,165,579

Investment Income $977,003

Other Revenue $709,641

TOTAL REVENUE $28,650,770

Expense Breakdown

Grants Paid $1,834,982

Salaries & Benefits $18,609,779

Fundraising Expenses $420,565

Program Expenses $23,958,565

Other Expenses $9,072,152

TOTAL EXPENSES $29,516,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,650,770	$27,843,162	+0.0%
Expenses	$29,516,913	$30,258,338	0.0%
Net Income	$-866,143	$-2,415,176	-0.6%

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

512

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

$572,315

Total Directors

$464,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BUSHWAY	PRESIDENT	40.00	Officer Director	$399,386	$65,237	$464,623
KEITH M JOHNSON	CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER D JO	VICE 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
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
STEVEN GRAHAM	TRUSTEE	2.00	Director	$0	$0	$0
JANE GARNER	CFO/TREASURER	40.00	Officer	$94,522	$13,170	$107,692
MICHAEL TENNISON	VP CLINIC ADMIN (THRU 09/2024)	40.00	Highest	$191,891	$23,011	$214,902
KIMBERLY PEARCE	CHIEF ACADEMIC OFFICER	40.00	Highest	$207,050	$36,112	$243,162
CORY MILLER	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$199,661	$43,679	$243,340
LINDA BERG	VP OF ADVANCEMENT (THRU 04/2025)	40.00	Highest	$182,336	$8,646	$190,982
MARY GALE	VP OF HR	40.00	Highest	$174,085	$37,143	$211,228

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	$28,650,770	$29,516,913	$31,457,424	$-866,143
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