WESTERN MICHIGAN UNIVERSITY HOMER … - Form 990 Financial Data

🔒

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

2011

Legal Domicile

Principal Officer

JOSEPH ADRIAN TYNDALL MD

Phone

2693774400

Tax Period

2024-07-01 to 2025-06-30

WESTERN MICHIGAN UNIVERSITY HOMER STRYKER MD SCHOOL OF MEDICINE, founded in 2011, is a major nonprofit in the Education sector that reported $133.6M in total revenue in fiscal year 2024. Net assets of $377.6M represent 34 months of operating reserves.

Mission

TO EDUCATE AND INSPIRE LIFELONG LEARNERS TO BE EXCEPTIONAL CLINICIANS, LEADERS, EDUCATORS, ADVOCATES AND RESEARCHERS OF TOMORROW.

Program Service Accomplishments

Program 1

Expenses: $45,004,861 Revenue: $29,724,386

CONDUCT MEDICAL RESEARCH AND PERFORM CLINICAL ACTIVITIES NORMALLY PERFORMED BY AN INSTITUTION THAT CONDUCTS PROGRAMS OF MEDICAL EDUCATION AND TRAINING. PROVIDE FACILITY, ADMINISTRATIVE AND BUSINESS SUPPORT SERVICES TO NURTURE THE DEVELOPMENT OF HIGH TECHNOLOGY AND LIFE SCIENCE BUSINESS ENTERPRISES.

Program 2

Expenses: $37,756,529 Revenue: $1,053,032

PROVIDE AND CONDUCT GRADUATE MEDICAL EDUCATION AND TRAINING PROGRAMS IN SPECIALIZED FIELDS OF MEDICINE FOR RESIDENTS AND FELLOWS WHO HAVE EARNED A DOCTOR OF MEDICINE DEGREE OR EQUIVALENT.

Program 3

Expenses: $25,534,233 Revenue: $24,640,902

PROVIDE AND CONDUCT MEDICAL EDUCATION AND TRAINING PROGRAMS THAT LEAD TO HEALTHCARE-RELATED DEGREES INCLUDING THE DEGREE OF DOCTOR OF MEDICINE IN A PROGRAM ACCREDITED BY THE LIAISON COMMITTEE ON...

PROVIDE AND CONDUCT MEDICAL EDUCATION AND TRAINING PROGRAMS THAT LEAD TO HEALTHCARE-RELATED DEGREES INCLUDING THE DEGREE OF DOCTOR OF MEDICINE IN A PROGRAM ACCREDITED BY THE LIAISON COMMITTEE ON MEDICAL EDUCATION.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $75,166,656

Program Service Revenue $55,485,099

Investment Income $976,100

Other Revenue $2,001,618

TOTAL REVENUE $133,629,473

Expense Breakdown

Grants Paid $5,203,624

Salaries & Benefits $93,306,741

Fundraising Expenses $18,955

Program Expenses $109,511,408

Other Expenses $31,925,816

TOTAL EXPENSES $130,436,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,629,473	$125,600,867	+0.1%
Expenses	$130,436,181	$129,775,505	+0.0%
Net Income	$3,193,292	$-4,174,638	-1.8%

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

1223

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

$650,937

Total Directors

$1,595,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL REDINGER	MEMBER	40.00	Director	$278,278	$42,219	$320,497
LORI STRAUBE	ASSOC DEAN OF ADMIN & FIN	40.00	Director	$322,830	$45,513	$368,343
ROBERT SAWYER	DEAN	40.00	Officer Director	$608,723	$42,214	$650,937
LAUREN PIPER	ASSOC DEAN FOR CLINICAL AFFAIRS	40.00	Director	$244,661	$11,072	$255,733
EDWARD MONTGOMERY	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CONSUELO SHANK	MEMBER	0.50	Director	$0	$0	$0
DEAN KINDLER	MEMBER	0.50	Director	$0	$0	$0
DOUGLAS APPLE	MEMBER	0.50	Director	$0	$0	$0
MARTINSON ARNAN	MEMBER	0.50	Director	$0	$0	$0
GRACE LUBWAMA	MEMBER	0.50	Director	$0	$0	$0
JAN VAN DER KLEY	MEMBER	0.50	Director	$0	$0	$0
JEANNE BLONDIA	TREASURER	0.50	Officer Director	$0	$0	$0
JEFF PATTON	MEMBER	0.50	Director	$0	$0	$0
BILL MANNS	SECRETARY	0.50	Officer Director	$0	$0	$0
SANTHOSH KOSHY	CHAIR, DEPARTMENT OF MEDICINE	40.00	Highest	$582,363	$29,342	$611,705
KAREN BOVID	MEDICAL DIRECTOR, DEPT OF ORTHOPEDICS	40.00	Highest	$553,903	$45,326	$599,229
SAAD SHEBRAIN	FACULTY, SURGERY	40.00	Highest	$531,201	$41,777	$572,978
LAURENCE MCCAHILL	FACULTY, SURGERY	40.00	Highest	$494,527	$45,194	$539,721
LISA MILLER	FACULTY, SURGERY	40.00	Highest	$489,639	$45,151	$534,790
PAULA TERMUHLEN	DEAN - FORMER	0.00		$564,572	$0	$564,572

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	$133,629,473	$130,436,181	$471,789,191	$3,193,292
2024	$125,600,867	$129,775,505	$449,788,720	$-4,174,638
2024	$125,600,867	$129,775,505	$449,788,720	$-4,174,638
2023	$122,159,774	$121,503,732	$444,367,736	$656,042
2022	$121,142,724	$110,333,094	$420,658,910	$10,809,630
2021	$396,749,999	$110,280,831	$424,470,919	$286,469,168
2020	$102,463,438	$105,364,246	$131,723,544	$-2,900,808
2018	$106,049,944	$98,271,276	$131,594,593	$7,778,668

WESTERN MICHIGAN UNIVERSITY HOMER STRYKER MD SCHOOL OF MEDICINE