MARSHALL B KETCHUM UNIVERSITY

EIN: 951644593 501(c)(3) Education

FULLERTON, CA

Total Revenue
$43,491,077
Total Expenses
$40,968,418
Total Assets
$111,028,389
Net Assets
$67,580,424
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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
CA
Principal Officer
DR JULIE SCHORNACK
Phone
7144497400
Tax Period
2023-07-01 to 2024-06-30

MARSHALL B KETCHUM UNIVERSITY, founded in 1904, is a mid-sized nonprofit in the Education sector that reported $43.5M in total revenue in fiscal year 2023. Expenses of $41.0M left a modest 6% surplus.

Mission

TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $22,501,009 Revenue: $35,135,576

GRADUATE EDUCATION: THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY (MBKU) IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH...

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GRADUATE EDUCATION: THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY (MBKU) IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTH CARE IN AN INTERPROFESSIONAL ENVIRONMENT, AND THE CURRICULUM HAS BEEN ESTABLISHED TO ACHIEVE THIS GOAL. IN ADDITION TO THE RIGOROUS ACADEMIC AND CLINICAL CURRICULUM ON CAMPUS, ALL PROFESSIONAL STUDENTS ROTATE THROUGH SEVERAL EXTERNAL CLINICAL SITES TO BROADEN AND DIVERSIFY THEIR LEARNING EXPERIENCES TO PREPARE THEM FOR CAREERS IN HEALTH CARE. IN THE FALL OF 2023, OUR TOTAL ENROLLMENT WAS 657 FULL-TIME HEALTH PROFESSIONAL STUDENTS REPRESENTING OPTOMETRY (404), PHYSICIAN ASSISTANT (PA) (120), PHARMACY (132), MASTER OF SCIENCE IN VISION SCIENCE (1), AND OUR INTERNATIONAL PROGRAM OFFERING A MASTER OF SCIENCE IN CLINICAL OPTOMETRY (8). IN ADDITION, MBKU HAD 0 OPTOMETRY AND 5 PHARMACY STUDENTS. FOR THE 2023-24 ACADEMIC YEAR, WE GRADUATED 37 MEDICAL MASTER'S SCIENCE DEGREES AND PA CERTIFICATES, 98 DOCTOR OPTOMETRY DEGREES, 48 DOCTOR OF PHARMACY DEGREES, 4 MASTER OF SCIENCE IN VISION SCIENCE, AND 3 MASTER OF SCIENCE IN CLINICAL OPTOMETRY. THE ADMISSIONS PROCESS FOR FALL 2023 ENROLLMENT IS REPORTED BELOW. AT THE OUTSET OF THE APPLICATION PERIOD, THE ADMISSIONS POLICY COMMITTEES ESTABLISH STANDARDS FOR GPAS, APPLICATION TEST SCORES, IF APPLICABLE, AND ACADEMIC INDEX POINT MINIMUMS PROVIDING THRESHOLDS FOR ADMISSIONS PERSONNEL TO CAREFULLY SCREEN AND SELECT THE MOST QUALIFIED APPLICANTS TO INTERVIEW.PROGRAM: OPTOMETRY VERIFIED APPLICATIONS* 407INTERVIEWS CONDUCTED 196 MATRICULATED CLASS 106PROGRAM: PA VERIFIED APPLICATIONS* 1,714INTERVIEWS CONDUCTED 136MATRICULATED CLASS 40PROGRAM: PHARMACY VERIFIED APPLICATIONS* 189 INTERVIEWS CONDUCTED 109 MATRICULATED CLASS 28 *VERIFIED APPLICATIONS THROUGH THE CENTRALIZED APPLICATION SYSTEM(I.E., OPTOMCAS, CASPA, AND PHARMCAS).

Program 2
Expenses: $8,857,142 Revenue: $3,272,206

PRESIDENT EMERITUS, KEVIN ALEXANDER, PARTICIPATED IN A 457F PLAN. THERE WERE NO CONTRIBUTIONS MADE FOR 2023.

Program 3
Expenses: $941,482

RESEARCH: THE UNIVERSITY SUPPORTS RESEARCH WITHIN THE THREE UNIVERSITY PROGRAMS, THE COLLEGES OF OPTOMETRY AND PHARMACY AND THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES. THE UNIVERSITY PROVIDES...

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RESEARCH: THE UNIVERSITY SUPPORTS RESEARCH WITHIN THE THREE UNIVERSITY PROGRAMS, THE COLLEGES OF OPTOMETRY AND PHARMACY AND THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES. THE UNIVERSITY PROVIDES ADMINISTRATIVE, PHYSICAL AND FINANCIAL RESOURCES TO FACULTY AND STUDENTS WHO ENGAGE IN RESEARCH.THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY AT MBKU HAS 38 FULL-TIME FACULTY. A TOTAL OF 33 FACULTY STUDIES WERE ACTIVE DURING THE YEAR, THAT INCLUDED EXTERNALLY-FUNDED STUDIES (E.G., GRANTS FROM NIH, PROFESSIONAL ORGANIZATIONS, FOUNDATIONS AND INDUSTRY), AND SELF-FUNDED STUDIES. THE MS IN VISION SCIENCE PROGRAM HAD 8 PROJECTS ACTIVE DURING THE YEAR AND THERE WERE 1 ACTIVE STUDENT RESEARCH ELECTIVES. TOTAL EXTERNAL GRANT REVENUE FOR THE PERIOD WAS $237,484 AND THERE WERE 19 PEER-REVIEWED PUBLICATIONS.THE COLLEGE OF PHARMACY IS COMPOSED OF TWO DEPARTMENTS, PHARMACEUTICAL SCIENCES AND PHARMACY PRACTICE.THE DEPARTMENT OF PHARMACY PRACTICE HAS 12 FULL-TIME FACULTY MEMBERS, WITH 11 AS PHARMACY CLINICAL FACULTY AND 1 NON-CLINICAL FACULTY MEMBER. DURING THE YEAR PHARMACY PRACTICE FACULTY PRODUCED 10 PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS. THE DEPARTMENT OF PHARMACY PRACTICE DID NOT HAVE EXTERNALLY FUNDED RESEACH PROJECTS OR GRANTS DURING THIS REPORTING PERIOD.THE DEPARTMENT OF PHARMACEUTICAL SCIENCES (DPS) HAS 6 FULL-TIME FACULTY MEMBERS WHOSE RESEARCH INCLUDED EXTERNAL GRANTS SUCH AS ONE FROM THE US DEPARTMENT OF AGRICULTURE. TOTAL DIRECT GRANT REVENUE FOR THE PERIOD WAS $500 AND THERE WERE A TOTAL OF 15 PEER-REVIEWED PUBLICATIONS.THE SCHOOL OF PHYSICIAN ASSISTANT STUDIES (SPAS) AT MBKU HAD 9 FULL-TIME AND 2 PART-TIME FACULTY. SCHOLARLY RESEARCH ACTIVITIES ARE INTEGRAL TO THE MASTERS CAPSTONE PROJECT (MCP) WHICH HAD A TOTAL OF 8 COMPLETED. THE SPAS PROGRAM HAD A CLASS OF 43 ENROLLED STUDENTS FOR 2024 AND A CLASS OF 44 ENROLLED STUDENTS FOR 2025. THERE WAS NO DIRECT GRANT REVENUE FOR THE PERIOD AND THERE WERE 6 TOTAL PEER-REVIEWED PUBLICATIONS OR PRESENTATIONS.

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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 $2,815,627
Program Service Revenue $38,292,391
Investment Income $1,647,035
Other Revenue $736,024
TOTAL REVENUE $43,491,077

Expense Breakdown

Grants Paid $891,789
Salaries & Benefits $27,717,470
Fundraising Expenses $687,026
Program Expenses $32,299,633
Other Expenses $12,359,159
TOTAL EXPENSES $40,968,418

Year-over-Year Comparison

2023 2022 Change
Revenue $43,491,077 $44,264,355 0.0%
Expenses $40,968,418 $41,255,903 0.0%
Net Income $2,522,659 $3,008,452 -0.2%
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
13
Independent Members
11
Employees
281
Volunteers
13

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
5
$914,979
Total Directors
14
$32,434
Key Employees
5
$1,325,508
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS GAYE BREYMAN TRUSTEE 4.00
Director
$32,434 $0 $32,434
DR LYNN CAFFREY GABRIEL CHAIRMAN OF THE BOARD 6.00
Officer Director
$0 $0 $0
DR RAY M BAKER VICE CHAIR 4.00
Officer Director
$0 $0 $0
DR CINDY BLANCQ SECRETARY/TREASURER 4.00
Officer Director
$0 $0 $0
DR WYNETTE C AUGUSTINE TRUSTEE 4.00
Director
$0 $0 $0
MR WALTER L BUSTER TRUSTEE 4.00
Director
$0 $0 $0
MR GENE CALKINS TRUSTEE 4.00
Director
$0 $0 $0
MR DAVID K GIBSON TRUSTEE 4.00
Director
$0 $0 $0
MS HILARY HAWTHORNE TRUSTEE 4.00
Director
$0 $0 $0
MR EDWARD HERNANDEZ TRUSTEE 4.00
Director
$0 $0 $0
MR BENJAMIN KASKA TRUSTEE 4.00
Director
$0 $0 $0
DR ROBERT MCCOY TRUSTEE 4.00
Director
$0 $0 $0
MS PATRICIA NGUYEN TRUSTEE 4.00
Director
$0 $0 $0
DR KELVIN NGUYEN TRUSTEE (THRU FEB 2024) 4.00
Director
$0 $0 $0
DR JULIE SCHORNACK PRESIDENT 40.00
Officer
$488,204 $112,129 $600,333
MR FRANK J SCOTTI CFO/SR. VP FOR ADMIN & FINANCE 40.00
Officer
$279,799 $34,847 $314,646
JUDY ORTIZ VP FOR ACADEMIC AFFAIRS 40.00
Key Emp
$299,723 $38,720 $338,443
ERIC BORSTING DEAN OF SCCO 40.00
Key Emp
$290,782 $39,449 $330,231
CARMEN BARNHARDT VP FOR STUDENT SERVICES 40.00
Key Emp
$221,025 $32,398 $253,423
ALLIISON MOLLET PROGRAM DIR. SPAS & PROFESSOR 40.00
Key Emp
$189,057 $15,186 $204,243
JOAN RUBIO VP FOR UNIVERSITY ADVANCEMENT 40.00
Key Emp
$184,154 $15,014 $199,168
MARK NAKANO ASSOCIATE DEAN OF CLINICS 40.00
Highest
$221,155 $27,844 $248,999
SUSAN COTTER PROFESSOR, VISION THERAPY 40.00
Highest
$208,861 $31,973 $240,834
JAVAD TAFRESHI EXECUTIVE ASSOC. DEAN FOR ACADEMIC AFFAIRS 40.00
Highest
$201,642 $32,309 $233,951
MONICA TRIVEDI ASSOC DEAN OF CLINICAL AFFAIRS & COMMUNITY OUTR 40.00
Highest
$201,768 $18,479 $220,247
WENDELYN HOLTZEN VICE PRESIDENT FOR HUMAN RESOURCES 40.00
Highest
$184,567 $24,965 $209,532
KEVIN ALEXANDER PRESIDENT EMERITUS 40.00
$300,000 $0 $300,000
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 $43,491,077 $40,968,418 $111,028,389 $2,522,659
2023 $44,264,355 $41,255,903 $107,650,928 $3,008,452
2022 $42,566,228 $40,395,622 $104,882,934 $2,170,606
2021 $47,583,305 $39,415,280 $105,970,455 $8,168,025
2020 $42,456,242 $39,186,694 $96,735,688 $3,269,548
2019 $37,247,945 $36,610,645 $95,024,266 $637,300
2018 $33,926,809 $35,041,110 $94,710,971 $-1,114,301
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