BASTYR UNIVERSITY

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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

1978

Legal Domicile

Principal Officer

DEVIN A BYRD PHD

Phone

4256023293

Tax Period

2022-07-01 to 2023-06-30

BASTYR UNIVERSITY, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $29.0M in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $34.9M exceeded revenue, resulting in a 20% operating deficit.

Mission

BASTYR IS AN EDUCATIONAL INSTITUTION THAT TRAINS STUDENTS IN THE NATURAL HEALTH ARTS AND SCIENCES.

Program Service Accomplishments

Program 1

Expenses: $24,884,011 Revenue: $25,144,735

PROGRAM SERVICES RELATED TO THE ACADEMIC FUNCTION OF THE UNIVERSITY. APPROXIMATELY 2,624 STUDENTS SERVED THIS FISCAL YEAR.

Program 2

Expenses: $2,754,819 Revenue: $1,252,661

PROGRAM SERVICES RELATE TO OPERATION OF THE CLINIC WHICH IS USED AS A TEACHING AID TO STUDENTS. THERE WERE 4,143 PATIENT VISITS THIS FISCAL YEAR.

Program 3

Expenses: $340,597 Revenue: $72,907

RESEARCH AND TRAINING IN COMPLEMENTARY AND ALTERNATIVE MEDICINE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,077,022

Program Service Revenue $26,470,303

Investment Income $278,544

Other Revenue $1,131,833

TOTAL REVENUE $28,957,702

Expense Breakdown

Grants Paid $1,129,079

Salaries & Benefits $21,275,451

Fundraising Expenses $45,892

Program Expenses $27,979,427

Other Expenses $12,487,794

TOTAL EXPENSES $34,892,324

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,957,702	$36,651,447	-0.2%
Expenses	$34,892,324	$37,637,718	-0.1%
Net Income	$-5,934,622	$-986,271	+5.0%

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

738

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

$1,348,621

Total Directors

$414,557

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRD DEVIN	PRESIDENT	40.00	Officer Director	$321,754	$12,845	$334,599
RULE SR DAVID	SVP & PROVOST	40.00	Officer	$227,869	$13,729	$241,598
GALLOWAY JEANNE	VP ADVACEMENT & ENROLLMENT	40.00	Officer	$179,491	$4,840	$184,331
OEN RAY	CFO	40.00	Officer	$169,526	$2,975	$172,501
WEIDER SUSAN	VP & DEAN STUDENT AFFAIRS	40.00	Officer	$150,158	$4,431	$154,589
FRITCH KATHLEEN	AVP BUSINESS DEVELOPMENT	40.00	Highest	$139,550	$4,052	$143,602
GOLDEN ARRIE L	DEAN NATURAL HEALTH ARTS	40.00	Officer	$127,554	$3,923	$131,477
DEL VILLAR ERIKA MAE	AVP DIVERSITY EQUITY INCLUSION	40.00	Officer	$129,526	$0	$129,526
HOLLY M MINCH	DIRECTOR OF IT	40.00	Highest	$123,953	$5,167	$129,120
CONNER KRISTINA	DEAN NATUROPATHIC MEDICINE	40.00	Highest	$120,860	$7,800	$128,660
NEWMAN LORELEI	VP OF ENROLLMENT SERVICES & MARKETING	40.00	Highest	$125,339	$2,685	$128,024
FERNANDA BRUSAMOLIN	ASSOCIATE PROFESSOR	40.00	Highest	$115,086	$7,285	$122,371
ALTMAN LELA	PROFESSOR	40.00	Director	$76,836	$3,122	$79,958
QUARFOTH GARY	CHAIR	5.00	Officer Director	$0	$0	$0
TAYLOR CAROL	PAST CHAIR	5.00	Officer Director	$0	$0	$0
LANG DAVID	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MARTIN ANTONIO	SECRETARY & TREASURER	5.00	Officer Director	$0	$0	$0
WATSON JENNIFER	VP HUMAN RESOURCES	20.00	Officer	$0	$0	$0
BILLER ERIN RHAE	TRUSTEE	5.00	Director	$0	$0	$0
BROWN THOMAS	TRUSTEE	5.00	Director	$0	$0	$0
COAST-HERNANDEZ DEBORAH	TRUSTEE	5.00	Director	$0	$0	$0
DORGNY GILONNE	TRUSTEE	5.00	Director	$0	$0	$0
HUBERS DEB	TRUSTEE	5.00	Director	$0	$0	$0
BEIHONG BECKY	TRUSTEE	5.00	Director	$0	$0	$0
URRIOLA ALIAN	TRUSTEE	5.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$28,957,702	$34,892,324	$33,449,930	$-5,934,622
2022	$36,651,447	$37,637,718	$49,466,827	$-986,271
2021	$39,114,511	$38,136,347	$50,441,675	$978,164
2020	$37,325,837	$39,830,672	$54,517,207	$-2,504,835
2019	$41,968,058	$42,527,121	$53,881,036	$-559,063
2018	$43,768,350	$42,336,201	$54,733,718	$1,432,149