Samuel Merritt University

EIN: 942992642 501(c)(3) Education

OAKLAND, CA

Total Revenue
$113,903,074
Total Expenses
$107,618,804
Total Assets
$566,034,361
Net Assets
$295,979,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CA
Phone
9162866665
Tax Period
2023-01-01 to 2023-12-31

Samuel Merritt University, founded in 1984, is a major nonprofit in the Education sector that reported $113.9M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $107.6M left a modest 6% surplus.

Mission

SAMUEL MERRITT UNIVERSITY EDUCATES STUDENTS TO BECOME HIGHLY SKILLED AND COMPASSIONATE HEALTH CARE PROFESSIONALS WHO POSITIVELY TRANSFORM THE EXPERIENCE OF CARE IN DIVERSE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $78,510,972 Revenue: $93,120,883

SAMUEL MERRITT UNIVERSITY, ORIGINALLY FOUNDED IN 1909, IS A FULLY ACCREDITED HEALTH SCIENCES INSTITUTION LOCATED IN OAKLAND, CALIFORNIA WITH CAMPUSES IN SACRAMENTO, SAN MATEO, AND FRESNO. THE...

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SAMUEL MERRITT UNIVERSITY, ORIGINALLY FOUNDED IN 1909, IS A FULLY ACCREDITED HEALTH SCIENCES INSTITUTION LOCATED IN OAKLAND, CALIFORNIA WITH CAMPUSES IN SACRAMENTO, SAN MATEO, AND FRESNO. THE UNIVERSITY ALSO OFFERS SELECT DEGREES ONLINE. VALUES: A LEARNING ENVIRONMENT WHERE WE CHALLENGE OURSELVES AND OUR STUDENTS TO THINK CRITICALLY, SEEK MASTERY AND ACT COMPASSIONATELY. A COLLEGIAL ENVIRONMENT WHERE WE ARE FAIR, RESPECTFUL AND BEHAVE WITH INTEGRITY. A COLLABORATIVE ENVIRONMENT WHERE WE PARTNER WITH ONE ANOTHER AND WITH OTHERS IN THE COMMUNITY. AN INNOVATIVE ENVIRONMENT WHERE WE TAKE REASONED RISKS AND MOVE NIMBLY. A RESULTS-ORIENTED ENVIRONMENT WHERE WE PROVIDE AND EXPECT EXCEPTIONAL PERFORMANCE AND SERVICE. PROGRAMS UNDERGRADUATE DEGREE PROGRAM: THE UNIVERSITY OFFERS A BACHELOR OF SCIENCE IN NURSING (BSN). IN ADDITION, SMU OFFERS AN ACCELERATED BACHELOR'S OF SCIENCE IN NURSING (ABSN) AND AN RN TO BSN BACHELOR'S OF SCIENCE. GRADUATE DEGREE PROGRAMS - MASTER'S LEVEL: SMU OFFERS SEVERAL MASTER'S DEGREE PROGRAMS: MASTER OF OCCUPATIONAL THERAPY, MASTER OF SCIENCE IN NURSING - FAMILY NURSE PRACTITIONER, MASTER OF SCIENCE IN NURSING - CASE MANAGEMENT, MASTER OF SCIENCE IN NURSING - CLINICAL LEADERSHIP EDUCATION, MASTER OF SOCIAL WORK, MASTER OF HEALTH ADMINISTRATION, AND MASTER PHYSICIAN ASSISTANT. THE UNIVERSITY ALSO OFFERS TWO ENTRY-LEVEL MASTER OF SCIENCE IN NURSING DEGREE PROGRAMS. POST-PROFESSIONAL GRADUATE DEGREES IN NURSING INCLUDE PROGRAMS IN NURSE ANESTHESIA (CRNA), CASE MANAGEMENT (CM), AND FAMILY NURSE PRACTITIONER (FNP). GRADUATE DEGREE PROGRAMS - DOCTORAL LEVEL: THE UNIVERSITY OFFERS SEVERAL DOCTORAL DEGREES: DOCTOR OF PODIATRIC MEDICINE, DOCTOR OF PHYSICAL THERAPY, DOCTOR OF NURSING PRACTICE, AND DOCTOR OF OCCUPATIONAL THERAPY. ONLINE DEGREE PROGRAMS: SMU OFFERS SEVERAL OF ITS DEGREES IN THE ONLINE MODALITY: MASTER OF SCIENCE IN NURSING (POST-PROFESSIONAL FNP), RN TO BSN BACHELOR'S OF SCIENCE, AND DOCTOR OF NURSING PRACTICE. FACULTY AND STUDENTS (FALL 2023) NUMBER OF FULL-TIME FACULTY: 163 STUDENT/FACULTY CLINICAL RATIO: 8.0 TO 1 SAMUEL MERRITT STUDENTS: TOTAL STUDENTS: 1,894 UNDERGRADUATE STUDENTS: 741 GRADUATE STUDENTS: 1,153 MEN: 22 % / WOMEN: 78% ACCREDITATION: REGIONAL ACCREDITATION: WASC SENIOR COLLEGE AND UNIVERSITY COMMISSION (WSCUC). SPECIALIZED ACCREDITATION: ACCREDITATION REVIEW COMMISSION ON EDUCATION FOR THE PHYSICIAN. FACILITIES: INSTRUCTIONAL FACILITIES 250-SEAT FONTAINE AUDITORIUM (NOT LOCATED IN FRESNO FACILITIES); JOHN A. GRAZIANO MEMORIAL LIBRARY INCLUDING STUDY ROOMS AND COMPUTER LABS (NOT LOCATED IN FRESNO FACILITIES); MOTION ANALYSIS RESOURCE CENTER (MARC) (NOT LOCATED IN FRESNO FACILITIES). OTHER LABORATORIES INCLUDE THERAPEUTIC EXERCISE, EXERCISE PHYSIOLOGY, OCCUPATIONAL THERAPY, ANATOMY, NURSING, PODIATRIC MEDICINE, BIOMECHANICS, PHYSICAL DIAGNOSIS, AND HEALTH SCIENCES SIMULATION CENTER (HSSC). OTHER FACILITIES STUDENT LOUNGES, STUDY SPACE, AND EXERCISE FACILITIES (NOT LOCATED IN FRESNO FACILITIES).

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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 $8,137,086
Program Service Revenue $91,453,088
Investment Income $12,645,105
Other Revenue $1,667,795
TOTAL REVENUE $113,903,074

Expense Breakdown

Grants Paid $8,956,586
Salaries & Benefits $61,640,135
Fundraising Expenses $1,668,410
Program Expenses $78,510,972
Other Expenses $37,022,083
TOTAL EXPENSES $107,618,804

Year-over-Year Comparison

2023 2022 Change
Revenue $113,903,074 $160,500,692 -0.3%
Expenses $107,618,804 $97,421,535 +0.1%
Net Income $6,284,270 $63,079,157 -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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Governance

Voting Members
17
Independent Members
16
Employees
989
Volunteers
51

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
2
$1,779,859
Total Directors
21
$947,105
Key Employees
8
$2,443,726
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 60.0
Officer Director
$908,546 $38,559 $947,105
N/A Regent & Vice-Chair 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent & Chief Nursing Officer 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent 5.0
Director
$0 $0 $0
N/A Regent (Pt-Yr) 5.0
Director
$0 $0 $0
N/A Executive Vice President & Treasurer 60.0
Officer
$781,235 $51,519 $832,754
N/A VP for University Advancement & Communications 60.0
Key Emp
$509,419 $56,867 $566,286
N/A Provost Executive Vice President, Academic/Student Affairs (Pt-Yr) 60.0
Key Emp
$263,112 $23,409 $286,521
N/A Assistant Academic VP 60.0
Key Emp
$311,222 $16,967 $328,189
N/A Chief of Staff, VP of Exernal Affairs 60.0
Key Emp
$303,133 $36,886 $340,019
N/A Dean 60.0
Key Emp
$233,499 $16,123 $249,622
N/A Dean of Health Sciences 60.0
Key Emp
$236,560 $17,735 $254,295
N/A Dean of Nursing (Pt-Yr) 60.0
Key Emp
$199,627 $10,383 $210,010
N/A VP for Student Affairs (Pt-Yr) 60.0
Key Emp
$180,066 $28,718 $208,784
N/A Assistant Professor 40.0
Highest
$245,936 $12,271 $258,207
N/A Program Director 40.0
Highest
$309,293 $39,342 $348,635
N/A Assistant Professor 40.0
Highest
$296,259 $47,874 $344,133
N/A Assistant Professor 40.0
Highest
$249,728 $44,795 $294,523
N/A Dean of Nursing 40.0
Highest
$257,178 $16,449 $273,627
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 No data No data No data No data
2023 $113,903,074 $107,618,804 $566,034,361 $6,284,270
2022 $160,500,692 $97,421,535 $530,281,236 $63,079,157
2022 $160,500,692 $97,421,535 $530,281,236 $63,079,157
2021 $118,517,115 $94,937,752 $325,100,331 $23,579,363
2020 $96,604,851 $92,834,661 $295,463,168 $3,770,190
2019 $95,796,085 $85,252,397 $263,854,722 $10,543,688
2018 $94,607,314 $87,708,456 $242,607,496 $6,898,858
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