MARSHALL B KETCHUM UNIVERSITY (EIN 951644593) - Form 990 Financial Analysis & Trantor Score

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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

1904

Legal Domicile

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

THE MISSION OF MARSHALL B. KETCHUM UNIVERSITY IS TO EDUCATE CARING, INSPIRED HEALTH CARE PROFESSIONALS WHO ARE PREPARED TO DELIVER COLLABORATIVE, PATIENT-CENTRIC HEALTHCARE IN AN INTERPROFESSIONAL ENVIRONMENT. MBKU IS HOME TO THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY, THE SCHOOL OF PA STUDIES, AND THE COLLEGE OF PHARMACY. THE SOUTHERN CALIFORNIA COLLEGE OF OPTOMETRY CONFERS A DOCTOR OF OPTOMETRY AND A MASTER OF SCIENCE IN VISION SCIENCE DEGREE. THE SCHOOL OF PA STUDIES AWARDS A MASTER OF MEDICAL SCIENCES DEGREE, AND THE COLLEGE OF PHARMACY AWARDS A DOCTOR OF PHARMACY DEGREE. MBKU OWNS AND OPERATES TWO HEALTHCARE CENTERS: KETCHUM HEALTH IN ANAHEIM HILLS AND THE UNIVERSITY EYE CENTER IN LOS ANGELES.

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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%)

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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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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

281

Volunteers

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

$914,979

Total Directors

$32,434

Key Employees

$1,325,508

Highest Compensated

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

MARSHALL B KETCHUM UNIVERSITY