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.

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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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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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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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