LOGAN UNIVERSITY INC

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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

1935

Legal Domicile

Principal Officer

H GARRETT THOMPSON

Phone

6362272100

Tax Period

2024-09-01 to 2025-08-31

LOGAN UNIVERSITY INC, founded in 1935, is a mid-sized nonprofit in the Education sector that reported $44.6M in total revenue in fiscal year 2024. Net assets of $104.3M represent 28 months of operating reserves.

Mission

LOGAN UNIVERSITY IS A DIVERSE AND ENGAGING COMMUNITY COMMITTED TO EXCELLENCE IN HEALTH SCIENCES, EDUCATION AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $25,025,710 Revenue: $39,979,586

LOGAN UNIVERSITY IS DEDICATED TO MAXIMIZING HUMAN PERFORMANCE THROUGH INNOVATIVE HEALTH EDUCATION AND CLINICAL IMMERSION OPPORTUNITIES. OUR FLAGSHIP DOCTOR OF CHIROPRACTIC DEGREE PROGRAM IS...

LOGAN UNIVERSITY IS DEDICATED TO MAXIMIZING HUMAN PERFORMANCE THROUGH INNOVATIVE HEALTH EDUCATION AND CLINICAL IMMERSION OPPORTUNITIES. OUR FLAGSHIP DOCTOR OF CHIROPRACTIC DEGREE PROGRAM IS COMPLEMENTED BY THE COLLEGE OF HEALTH SCIENCES, WHICH OFFERS A DOCTORATE DEGREE IN HEALTH PROFESSIONS EDUCATION, ACCELERATED UNDERGRADUATE CURRICULUM AND MASTER'S DEGREE LEVEL CURRICULUM, INCLUDING MASTERS DEGREES IN SPORTS SCIENCE AND REHABILITATION, NUTRITION AND HUMAN PERFORMANCE, AND INFORMATICS. OUR STUDENTS COLLABORATE WITH OTHER HEALTH CARE PROFESSIONALS TO PROVIDE THE BEST PRACTICES FOR SUCCESSFUL PATIENT OUTCOMES.

Program 2

Expenses: $2,634,579 Revenue: $376,851

LOGAN UNIVERSITY'S CLINICAL SYSTEM PROVIDES AN INTEGRATED CARE ENVIRONMENT IN WHICH STUDENT INTERNS LEARN THE ROLE OF PRIMARY CARE PHYSICIANS BY OFFERING CHIROPRACTIC CARE TO PATIENTS UNDER THE...

LOGAN UNIVERSITY'S CLINICAL SYSTEM PROVIDES AN INTEGRATED CARE ENVIRONMENT IN WHICH STUDENT INTERNS LEARN THE ROLE OF PRIMARY CARE PHYSICIANS BY OFFERING CHIROPRACTIC CARE TO PATIENTS UNDER THE GUIDANCE OF SUPERVISING, LICENSED DOCTORS OF CHIROPRACTIC. LOGAN ALSO HAS A LONG HISTORY OF ASSISTING THE LESS FORTUNATE IN THE ST. LOUIS COMMUNITY. LOGAN OPERATES SEVERAL COMMUNITY HEALTH CENTERS, WHICH ARE STAFFED BY LOGAN CLINICIANS, WHO OVERSEE ALL PATIENT CARE AS WELL AS THE STUDENT INTERNS WHO ARE PARTICIPATING IN THIS UNIQUE EXPERIENCE.

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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 $1,118,396

Program Service Revenue $40,356,437

Investment Income $2,573,893

Other Revenue $526,964

TOTAL REVENUE $44,575,690

Expense Breakdown

Grants Paid $1,808,472

Salaries & Benefits $25,599,942

Fundraising Expenses $741,256

Program Expenses $27,660,289

Other Expenses $16,721,088

TOTAL EXPENSES $44,129,502

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,575,690	$46,736,161	0.0%
Expenses	$44,129,502	$43,732,129	+0.0%
Net Income	$446,188	$3,004,032	-0.9%

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

Governance

Voting Members

Independent Members

Employees

608

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

$1,183,745

Total Directors

Key Employees

$1,110,084

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
XAIVIER TIPLER DC	VICE CHAIR (AS OF 1/25)	1.00	Director	$0	$0	$0
CHRISTINE GOERTZ DC PHD	VICE CHAIR (THRU 10/24)	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
PATRICK A IVEY PHD	TRUSTEE	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
HARRY J MAUE CFE BA JD LLM 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 (THRU 12/24)	1.00	Director	$0	$0	$0
RICK L STEVENS	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
JULIA D BARTLETT BS DC	ADVISORY MEMBER	1.00	Director	$0	$0	$0
KAREN R MANITSAS DHPE MS MPA PA-C	ADVISORY MEMBER	1.00	Director	$0	$0	$0
STEVEN ROBERTS JD LLM	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
H GARRETT RUSH THOMPSON	PRESIDENT (AS OF 3/25)	40.00	Officer	$0	$0	$0
CLAY MCDONALD DC MBA JD	PRESIDENT (THRU 2/25)	40.00	Officer	$537,700	$22,829	$560,529
ADIL KHAN CPA	TREASURER, CFO & VP OF ADMIN SERV.	40.00	Officer	$343,224	$22,487	$365,711
THERESA LYNN FLECK	VP, INST. ADVANC. (THRU 10/25)	40.00	Officer	$243,128	$14,377	$257,505
NICHOLE RENE NICHOLS	VP, HUMAN RESOURCES	40.00	Key Emp	$187,470	$18,638	$206,108
APRIL N TAYLOR	VP, COL. OF HLTH. SCI. (THRU 5/25)	40.00	Key Emp	$181,083	$4,527	$185,610
NORMAN KETTNER	DEAN OF RESEARCH	40.00	Key Emp	$179,678	$18,398	$198,076
KRISTINA L PETROCCO-NAPULI	VP, COL. OF CHIRO. (THRU 8/25)	40.00	Key Emp	$174,487	$4,362	$178,849
DANIELLE REINKEN	CONTROLLER	40.00	Key Emp	$164,916	$4,123	$169,039
RICHARD DECARO JR	DIRECTOR OF IT	40.00	Key Emp	$154,586	$17,816	$172,402
BROOKE A MILLER	PROGRAM DIRECTOR, PHYSICIAN ASSIST.	40.00	Highest	$206,836	$11,313	$218,149
JAMES DALE TOOMBS	MEDICAL DIRECTOR (THRU 6/25)	20.00	Highest	$161,477	$2,652	$164,129
DESHAE REDDEN	ASST VP, OPERATIONS & PLANNING	40.00	Highest	$157,555	$17,890	$175,445
PAUL HERBERT CALDWELL JR	CHIEF OF COMPLIANCE AND ENGAGEMENT	40.00	Highest	$137,610	$20,840	$158,450
NINA KULT	DIRECTOR OF MARKETING	40.00	Highest	$133,987	$3,350	$137,337

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	$44,575,690	$44,129,502	$129,261,154	$446,188
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