LOGAN UNIVERSITY INC (EIN 430746185) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

H GARRETT THOMPSON

Phone

6362272100

Tax Period

2023-09-01 to 2024-08-31

LOGAN UNIVERSITY INC, founded in 1935, is a mid-sized nonprofit in the Education sector that reported $46.7M in total revenue in fiscal year 2023. Expenses of $43.7M left a modest 6% surplus.

Mission

TO PROVIDE A DIVERSE AND ENGAGING COMMUNITY COMMITTED TO EXCELLENCE IN HEALTH SCIENCES, EDUCATION, AND SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,634,091

Program Service Revenue $41,998,805

Investment Income $3,060,363

Other Revenue $42,902

TOTAL REVENUE $46,736,161

Expense Breakdown

Grants Paid $1,017,710

Salaries & Benefits $26,465,769

Fundraising Expenses $698,415

Program Expenses $28,314,052

Other Expenses $16,248,650

TOTAL EXPENSES $43,732,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,736,161	$44,012,439	+0.1%
Expenses	$43,732,129	$44,901,467	0.0%
Net Income	$3,004,032	$-889,028	-4.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

633

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

$1,239,864

Total Directors

Key Employees

$2,062,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD S ALTMAN DDS DHSC EDD	CHAIR	1.00	Director	$0	$0	$0
CHRISTINE GOERTZ DC PHD	VICE CHAIR	1.00	Director	$0	$0	$0
KATHY BOULET DC	TRUSTEE	1.00	Director	$0	$0	$0
PAUL D EBERLINE DC	TRUSTEE	1.00	Director	$0	$0	$0
AMY GILL	TRUSTEE	1.00	Director	$0	$0	$0
ALLEN HAGER DC	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0
JADE DOMINIQUE JAMES MD MPH	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN C MARINI DC PHD	TRUSTEE	1.00	Director	$0	$0	$0
TARA MCCONKEY CFA	TRUSTEE	1.00	Director	$0	$0	$0
JAN A ROBERTS DC	TRUSTEE	1.00	Director	$0	$0	$0
ROGER L SCHLUETER	TRUSTEE	1.00	Director	$0	$0	$0
RICK L STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
XAIVIER TIPLER DC	TRUSTEE	1.00	Director	$0	$0	$0
SAM WANG DC	TRUSTEE	1.00	Director	$0	$0	$0
KURT WOOD DC	TRUSTEE	1.00	Director	$0	$0	$0
DR FRED ZUKER PHD M ED	TRUSTEE (THRU 11/23)	1.00	Director	$0	$0	$0
PATRICK A IVEY PHD	ADVISORY MEMBER	1.00	Director	$0	$0	$0
STEVEN ROBERTS JD LLM	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
KAREN R MANITSAS DHPE MS MPA PA-C	ADVISORY MEMBER	1.00	Director	$0	$0	$0
CLAY MCDONALD DC MBA JD	PRESIDENT	40.00	Officer	$535,153	$29,962	$565,115
ADIL KHAN CPA	TREASURER, CFO & VP OF ADMIN SERV	40.00	Officer	$327,417	$29,540	$356,957
BRIAN JOHN MCAULAY	PROVOST (THRU 8/24)	40.00	Officer	$296,509	$21,283	$317,792
THERESA LYNN FLECK	VP OF INSTITUTIONAL ADVANCEMENT	40.00	Key Emp	$221,339	$18,941	$240,280
NORMAN KETTNER	DEAN OF RESEARCH	40.00	Key Emp	$180,021	$22,170	$202,191
NICHOLE RENE NICHOLS	VP, HUMAN RESOURCES	40.00	Key Emp	$170,132	$21,731	$191,863
APRIL N TAYLOR	VP, COLLEGE OF HEALTH SCIENCE	40.00	Key Emp	$170,258	$3,114	$173,372
KRISTINA L PETROCCO-NAPULI	VP, COLLEGE OF CHIROPRACTICS	40.00	Key Emp	$162,940	$8,147	$171,087
NATACHA DOUGLAS MBA	VP OF ENROLLMENT MGMT (THRU 7/23)	40.00	Key Emp	$410,341	$13,403	$423,744
BRAD HOUGH PHD	VP OF IT (THRU 2/23)	40.00	Key Emp	$243,483	$4,406	$247,889
VINCENT DEBONO DC CSCS	VP OF INNOV/RESEARCH (THRU 2/23)	40.00	Key Emp	$211,819	$4,725	$216,544
LEE VAN DUSEN	VP OF STRATEGIC PERF (THRU 2/23)	40.00	Key Emp	$192,720	$3,292	$196,012
DESHAE REDDEN	ASST VP, OPERATIONS & PLANNING	40.00	Highest	$165,796	$21,507	$187,303
RICHARD DECARO JR	DIRECTOR OF IT	40.00	Highest	$145,921	$20,520	$166,441
DANA UNDERKOFLER-MERCER	PROFESSOR	40.00	Highest	$136,221	$14,443	$150,664
PAUL HERBERT CALDWELL JR	CHIEF OF COMPLIANCE AND ENGAGEMENT	40.00	Highest	$138,269	$23,409	$161,678
NINA KULT	DIRECTOR OF MARKETING AND COMM	40.00	Highest	$134,712	$6,736	$141,448

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	$46,736,161	$43,732,129	$129,430,002	$3,004,032
2023	$44,012,439	$44,901,467	$117,923,666	$-889,028
2022	$44,583,201	$43,314,773	$102,438,178	$1,268,428
2021	$45,987,711	$40,100,375	$110,233,771	$5,887,336
2020	$38,500,877	$34,557,698	$101,664,851	$3,943,179
2019	$36,237,098	$32,351,945	$92,796,673	$3,885,153
2018	$33,276,024	$31,591,721	$88,959,871	$1,684,303

LOGAN UNIVERSITY INC