OREGON COLLEGE OF ORIENTAL MEDICINE

EIN: 930845182 501(c)(3) Education

PORTLAND, OR

Total Revenue
$3,443,856
Total Expenses
$4,514,812
Total Assets
$3,326,316
Net Assets
$-3,753,040
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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
1983
Legal Domicile
OR
Principal Officer
PHILIP LUNDBERG
Phone
5032533443
Tax Period
2023-10-01 to 2024-09-30

OREGON COLLEGE OF ORIENTAL MEDICINE, founded in 1983, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO TRANSFORM HEALTHCARE BY EDUCATING HIGHLY SKILLED AND COMPASSIONATE PRACTITIONERS, PROVIDING EXEMPLARY PATIENT CARE, AND ENGAGING IN INNOVATIVE RESEARCH WITHIN A COMMUNITY OF SERVICE AND HEALING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $171,967
Program Service Revenue $3,150,615
Investment Income $0
Other Revenue $121,274
TOTAL REVENUE $3,443,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,810,081
Fundraising Expenses $0
Program Expenses $2,965,897
Other Expenses $1,704,731
TOTAL EXPENSES $4,514,812

Year-over-Year Comparison

2023 2022 Change
Revenue $3,443,856 $4,394,452 -0.2%
Expenses $4,514,812 $5,384,478 -0.2%
Net Income $-1,070,956 $-990,026 +0.1%
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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Governance

Voting Members
7
Independent Members
7
Employees
168
Volunteers
N/A

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
4
$349,927
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA GEYER TRUSTEE 1.00
Director
$0 $0 $0
MICHELL M HAY TREASURER 1.00
Officer Director
$0 $0 $0
GENE HONG MD TRUSTEE 1.00
Director
$0 $0 $0
TRAVIS KERN CHAIR 1.00
Officer Director
$0 $0 $0
BRAD BEAVERS TRUSTEE 1.00
Director
$0 $0 $0
LAURA BUEERMANN TRUSTEE 1.00
Director
$0 $0 $0
MARGO MCGEHEE-KELLY TRUSTEE 1.00
Director
$0 $0 $0
PHILIP H LUNDBERG PRESIDENT 40.00
Officer
$212,644 $1,613 $214,257
AMBER APPLETON VICE PRESIDENT 40.00
Officer
$101,237 $34,433 $135,670
VALERIE HOBBS PROGRAM DIRECTOR 40.00
Highest
$120,520 $3,445 $123,965
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 $3,443,856 $4,514,812 $3,326,316 $-1,070,956
2023 $4,394,452 $5,384,478 $6,364,815 $-990,026
2022 $5,031,389 $5,360,294 $15,702,275 $-328,905
2021 $5,613,074 $5,492,394 $13,674,480 $120,680
2020 $6,724,919 $5,854,177 $14,047,539 $870,742
2019 $5,743,852 $6,367,857 $12,286,946 $-624,005
2018 $6,768,238 $6,656,562 $7,870,952 $111,676
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