PALMER COLLEGE OF CHIROPRACTIC WEST

EIN: 942515428 501(c)(3)

SAN JOSE, CA

Total Revenue
$593,616
Total Expenses
$6,565,646
Total Assets
$6,962,389
Net Assets
$6,616,530
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CA
Principal Officer
DENNIS MARCHIORI DC PHD
Phone
4089446000
Tax Period
2024-07-01 to 2025-06-30

PALMER COLLEGE OF CHIROPRACTIC WEST, founded in 1978, is a small nonprofit that reported $594K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $6.6M exceeded revenue, resulting in a 1006% operating deficit.

Mission

PROMOTE LEARNING, DELIVER HEALTH CARE, ENGAGE OUR COMMUNITIES AND ADVANCE KNOWLEDGE THROUGH RESEARCH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,615
Program Service Revenue $1,749,668
Investment Income $-775,366
Other Revenue $-402,301
TOTAL REVENUE $593,616

Expense Breakdown

Grants Paid $169,213
Salaries & Benefits $2,961,886
Fundraising Expenses $0
Program Expenses $5,557,209
Other Expenses $3,434,547
TOTAL EXPENSES $6,565,646

Year-over-Year Comparison

2024 2023 Change
Revenue $593,616 $6,509,241 -0.9%
Expenses $6,565,646 $8,679,521 -0.2%
Net Income $-5,972,030 $-2,170,280 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
66
Volunteers
38

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
6
$1,686,104
Total Directors
12
$8,490
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TREVOR V IRELAND DC TRUSTEE/CHAIRPERSON 10.00
Officer Director
$0 $0 $0
PAUL VANDUYNE PE DC TRUSTEE/VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
VICKIE A PALMER HCD TRUSTEE/SECRETARY GENERAL 1.00
Officer Director
$0 $0 $0
DON BETZ PHD TRUSTEE 1.00
Director
$0 $0 $1,485
MICHAEL CHANCE DC TRUSTEE 1.00
Director
$0 $0 $2,784
DONNA CRAFT DC TRUSTEE 1.00
Director
$0 $0 $0
DONALD DOUCETTE PHD TRUSTEE 1.00
Director
$0 $0 $0
SUSAN HATFIELD PHD TRUSTEE 1.00
Director
$0 $0 $658
NATHAN HINKELDEY DC DACRB TRUSTEE 1.00
Director
$0 $0 $0
CHARLES KELLER DC MA TRUSTEE 1.00
Director
$0 $0 $0
KENNETH R KOUPAL TRUSTEE/INTERIM ASST SEC GENERAL 1.00
Officer Director
$0 $0 $1,099
KENT PILCHER TRUSTEE 1.00
Director
$0 $0 $2,464
DENNIS MARCHIORI DC PHD PRESIDENT/CHANCELLOR 10.00
Officer
$0 $129,174 $1,336,440
JENNIFER RANDAZZO TREASURER 10.00
Officer
$0 $108,156 $348,565
GREGORY SNOW DEAN 40.00
Highest
$221,548 $21,267 $242,815
BRIAN NOOK ASSOC DEAN 40.00
Highest
$144,016 $39,789 $183,805
THERESE REANEY-COOK ASSOC CLINICAL PROF. (THRU 12/24) 40.00
Highest
$162,369 $22,228 $184,597
ARDEN LAWSON-HENZE ASSOC CLINICAL PROF. (THRU 12/24) 40.00
Highest
$149,656 $48,562 $198,218
RACHEL FROZENFAR ASSOC CLINICAL PROF. (THRU 09/24) 40.00
Highest
$147,128 $24,449 $171,577
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 $593,616 $6,565,646 $6,962,389 $-5,972,030
2024 $6,509,241 $8,679,521 $14,671,306 $-2,170,280
2023 $9,690,022 $9,345,029 $18,521,572 $344,993
2022 $14,589,852 $11,961,732 $15,332,281 $2,628,120
2021 $13,979,062 $12,436,037 $14,453,903 $1,543,025
2020 $13,430,875 $13,015,157 $12,919,049 $415,718
2019 $13,407,146 $12,761,823 $11,450,918 $645,323
2018 $13,531,270 $12,686,769 $10,751,674 $844,501
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