Touro University: Nonprofit Profile, Financials & Form 990 (EIN 13-3838740)

Revenue by fiscal year
FY2020	$91.7M
FY2021	$94.0M
FY2022	$97.5M
FY2023	$95.3M
FY2024	$99.3M
FY2024	$106.1M

Expenses by fiscal year
FY2020	$81.6M
FY2021	$97.1M
FY2022	$85.7M
FY2023	$87.5M
FY2024	$92.6M
FY2024	$102.6M

Net assets by fiscal year
FY2020	$48.0M
FY2021	$47.0M
FY2022	$55.6M
FY2023	$64.0M
FY2024	$71.5M
FY2024	$76.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Touro University files its own Form 990, but Schedule R discloses 19 related entities — figures on this page are for this EIN only, not the whole group. Large hospital and education systems often split assets and fundraising across related entities; read Schedule R before comparing to a single-site charity.

Yeshiva Rabbi Dov Revel of Forest Hills INC · Yeshivas Ohr Hachaim · Congregation Bais David · New York Medical College + 15 more · see all

Combined filings · FY2024 · 10 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 13% of group revenue.

Group revenue

$837.9M

Group expenses

$768.9M

Group net assets

$852.5M

New York Medical College · $135.7M rev · $212.1M net assets

Foot Clinics of New York · $2.0M rev · −$9K net assets

Touro University · $495.8M rev · $342.2M net assets

Touro Law Center Development Foundation INC · $366K rev · $5.5M net assets

Nymc LLC · $0 rev · −$526K net assets

The Biotechnology Incubator at Nymc INC · $224K rev · $2.0M net assets

Where the money goes

88 cents of each dollar spent went to programs.

88%

Program services 88% · $90.3M Management & general 10% · $10.5M Fundraising 2% · $1.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $2.8M paid to officers and key staff.

Part VII, Section A · reportable compensation

Tami Hendriksz

Provost, Cao, Dean Com

$506,416Pt VII · Sec A

Roy Finaly

Interim CEO

$298,918Pt VII · Sec A

Jean Marc Schwarz

Professor

$286,706Pt VII · Sec A

Jay Shubrook

Professor

$277,568Pt VII · Sec A

Newman Hoffman

COO & VP of Finance

$270,616Pt VII · Sec A

Christina Kinnevey Greig

Associate Professor

$265,973Pt VII · Sec A

Steven P Jacobson

Vice Provost, Dean of Student Affairs

$259,538Pt VII · Sec A

Nicole J Pena

Associate Professor

$257,414Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2022	FY2021	FY2020
Tami Hendriksz	$506,416	$455,321	$411,469	$300,802	—	—
Michael Clearfield	—	—	—	$315,344	$443,647	$423,811
Yoram Neumann	—	—	—	—	$251,125	$332,444
Sarah Sweitzer	—	$238,015	$304,887	$284,160	$310,358	$261,601
Roy Finaly	$298,918	$291,708	$274,265	$308,677	$246,315	$159,222
James D Scott	$232,583	$286,578	$295,341	—	—	—
Jean-Marc Schwarz	—	$282,464	$295,317	$271,487	$272,755	$251,384
Jay H Shubrook	—	$293,582	$261,017	$263,715	$273,546	$246,322

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Touro University executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides undergraduate and graduate degrees in medicine, pharmacy, education, health sciences, business, and psychology through both on-campus and online programs.

Questions for Touro University

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Provided by the organization

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1 program · $90.3M · in their own filed words · FY2024

01

Touro University, a California Corporation, Has Two Divisions

Touro university california (tuc) and touro university worldwide (tuw). Tuc includes a college of osteopathic medicine, a college of pharmacy and a college of education and health sciences.

$90.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Sutter Valley HospitalsFY2024$342K

Kaiser Foundation HospitalsFY2024$30K

National Association of Chain Drug Stores FoundationFY2024$15K

Northbay Healthcare CorporationFY2024$15K

American Association of Colleges of Osteopathic MedicineFY2024$8K

Total grants receivedfrom 5 funders$410K

See all 5 funders →

Grants paid · 23 grants · $49.5M · 2019–2024

Unitemized GrantFY2024$5,098,982

Aliados HealthCA · FY2024$141,779

Northern California Center for Well-BeingCA · FY2024$44,740

Unitemized GrantFY2023$4,371,256

Northern California Center for Well-BeingCA · FY2023$119,458

Aliados HealthCA · FY2023$114,550

Unitemized GrantFY2022$4,250,876

Unitemized GrantFY2022$854,181

Duke UniversityFY2022$14,602

Unitemized GrantFY2021$4,309,097

Unitemized GrantFY2021$211,562

Duke UniversityFY2021$10,297

Touro UniversityNY · FY2020$17,000,000

Unitemized GrantFY2020$5,250,643

Unitemized GrantFY2020$551,409

Touro University Medical GroupFY2020$274,182

Duke UniversityFY2020$10,799

Unitemized GrantFY2019$6,020,257

See all 23 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$106.1M

Ln 12

Fees for servicesLn 2g$101.6M

Investment incomeLn 3$2.1M

Gifts and grantsLn 1h$1.4M

Money outPt IX

$102.6M

Ln 25

Programscol B$90.3M

Managementcol C$10.5M

Fundraisingcol D$1.8M

Owns and owesPt X

$76.5M

net assets · Ln 32

Cash and savingsLn 1–2$5.2M

Total assetsLn 16$109.8M

LiabilitiesLn 26$33.3M

PeoplePt VI, VII

42

listed · VII A

PaidVII A10

Voting boardVI 1a26

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.4M

Government grantsLn 1e$457K

Fundraising eventsLn 1c$80K

Fees for servicesLn 2g$101.6M

Investment incomeLn 3$2.1M

Other incomeLn 4–11$968K

Gains on assetsLn 7$698K

Total revenueLn 12$106.1M

Assets in detailPt X, end of year

CashLn 1$5.2M

Cash and savings togetherLn 1–2$5.2M

InvestmentsLn 11–13$33.0M

Land, buildings, equipmentLn 10c$42.9M

Other assetsLn 15$19.6M

Total assetsLn 16$109.8M

LiabilitiesLn 26$33.3M

Net assetsLn 32$76.5M

OperationsPt I, VI

EmployeesI 51,108

VolunteersI 640

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$12.9M	$5.2M
InvestmentsLn 11–13	$30.2M	$33.0M
Land, buildings, equipmentLn 10c	$38.3M	$42.9M
Total assetsLn 16	$105.4M	$109.8M
LiabilitiesLn 26	$33.9M	$33.3M
Net assetsLn 32	$71.5M	$76.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$187K	$187K
Grants to domestic individualsLn 2	$5.1M	$5.1M
Pay of current officers, directors and key staffLn 5	$1.6M	$990K	$464K	$112K
Other salaries and wagesLn 7	$47.4M	$41.2M	$5.3M	$873K
Pension plan contributionsLn 8	$1.4M	$1.2M	$162K	$28K
Other employee benefitsLn 9	$4.9M	$4.2M	$575K	$99K
Payroll taxesLn 10	$3.3M	$2.8M	$386K	$66K
Legal feesLn 11b	$25K	$22K	$3K	$513
Investment management feesLn 11f	$215K	$186K	$25K	$4K
Other fees for servicesLn 11g	$1.6M	$1.4M	$189K	$32K
Advertising and promotionLn 12	$3.2M	$2.7M	$370K	$64K
Office expensesLn 13	$928K	$731K	$180K	$17K
Information technologyLn 14	$1.7M	$1.5M	$204K	$35K
OccupancyLn 16	$4.5M	$3.9M	$532K	$91K
TravelLn 17	$547K	$472K	$64K	$11K
Conferences, conventions and meetingsLn 19	$208K	$180K	$24K	$4K
Depreciation, depletion and amortizationLn 22	$1.5M	$1.3M	$177K	$30K
InsuranceLn 23	$508K	$438K	$59K	$10K
Other expenses (24a–d)Ln 24	$21.1M	$19.3M	$1.5M	$265K
All other expensesLn 24e	$2.8M	$2.4M	$316K	$54K
Total functional expensesLn 25	$102.6M	$90.3M	$10.5M	$1.8M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$99.3M	$92.6M	$6.7M	$71.5M	990 PDF
FY2023	$95.3M	$87.5M	$7.8M	$64.0M	990 PDF
FY2022	$97.5M	$85.7M	$11.8M	$55.6M	990 PDF
FY2021	$94.0M	$97.1M	−$3.2M	$47.0M	990 PDF
FY2020	$91.7M	$81.6M	$10.1M	$48.0M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $106,079,632 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,324,628$1,429,376

I-9 Program service revenuePrior year $95,453,184$101,568,352

I-10 Investment incomePrior year $1,458,385$2,113,566

I-11 Other revenuePrior year $1,065,342$968,338

I-12 Total revenuePrior year $99,301,539$106,079,632

I-13 Grants and similar amounts paidPrior year $4,605,264$5,285,502

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $52,292,311$58,508,985

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $35,749,198$38,835,952

I-18 Total expensesPrior year $92,646,773$102,630,439

I-19 Revenue less expensesPrior year $6,654,766$3,449,193

Part VI · Governance 17 of 26 board members independent, 1 to look at

VI-1a Voting members of the governing body26

VI-1b Independent voting members17

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $106,079,632 across 10 lines filed

Lines not itemized here account for $306,709 of total revenue; see the IRS return.

VIII-1c Fundraising events$80,393

VIII-1e Government grants$456,928

VIII-1f All other contributions, gifts and grants$892,055

VIII-1h Total contributions, gifts and grants$1,429,376

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,568,352$101,568,352

VIII-3 Investment incomeExcluded from tax $1,415,348$1,415,348

VIII-7 Net gain or loss on sales of assetsExcluded from tax $698,218$698,218

VIII-8 Net income from fundraising eventsExcluded from tax −$1,808−$1,808

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $663,437$663,437

VIII-12 Total revenueRelated to mission $102,538,498 · Unrelated business $0 · Excluded from tax $2,111,758$106,079,632

Part IX · Statement of functional expenses $102,630,439 across 20 lines filed

IX-1 Grants to domestic organizationsPrograms $186,520$186,520

IX-2 Grants to domestic individualsPrograms $5,098,982$5,098,982

IX-5 Pay of current officers, directors and key staffPrograms $990,148 · Management $463,927 · Fundraising $112,136$1,566,211

IX-7 Other salaries and wagesPrograms $41,222,741 · Management $5,268,133 · Fundraising $873,216$47,364,090

IX-8 Pension plan contributionsPrograms $1,190,376 · Management $161,640 · Fundraising $27,786$1,379,802

IX-9 Other employee benefitsPrograms $4,233,059 · Management $574,804 · Fundraising $98,810$4,906,673

IX-10 Payroll taxesPrograms $2,840,237 · Management $385,674 · Fundraising $66,298$3,292,209

IX-11b Legal feesPrograms $21,980 · Management $2,985 · Fundraising $513$25,478

IX-11f Investment management feesPrograms $185,645 · Management $25,209 · Fundraising $4,333$215,187

IX-11g Other fees for servicesPrograms $1,391,903 · Management $189,006 · Fundraising $32,490$1,613,399

IX-12 Advertising and promotionPrograms $2,725,436 · Management $370,085 · Fundraising $63,618$3,159,139

IX-13 Office expensesPrograms $731,075 · Management $180,440 · Fundraising $16,775$928,290

IX-14 Information technologyPrograms $1,499,559 · Management $203,624 · Fundraising $35,003$1,738,186

IX-16 OccupancyPrograms $3,916,565 · Management $531,828 · Fundraising $91,422$4,539,815

IX-17 TravelPrograms $471,693 · Management $64,051 · Fundraising $11,010$546,754

IX-19 Conferences, conventions and meetingsPrograms $179,722 · Management $24,404 · Fundraising $4,195$208,321

IX-22 Depreciation, depletion and amortizationPrograms $1,301,245 · Management $176,695 · Fundraising $30,374$1,508,314

IX-23 InsurancePrograms $437,961 · Management $59,470 · Fundraising $10,223$507,654

IX-24 Other expenses (24a–d)Programs $19,275,402 · Management $1,543,473 · Fundraising $265,326$21,084,201

IX-24e All other expensesPrograms $2,390,695 · Management $316,169 · Fundraising $54,350$2,761,214

IX-25 Total functional expensesPrograms $90,290,944 · Management $10,541,617 · Fundraising $1,797,878$102,630,439

Part X · Balance sheet $109,792,718 assets, 17 lines filed

Asset lines not itemized here account for $937,048; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $12,914,982$5,180,045

X-3 Pledges and grants receivableStart of year $477,132$3,329,812

X-4 Accounts receivableStart of year $3,470,720$3,874,573

X-8 Inventories for sale or useStart of year $9,500$8,550

X-9 Prepaid expenses and deferred chargesStart of year $654,984$860,649

X-10c Land, buildings and equipment, netStart of year $38,309,745$42,938,274

X-11 Publicly traded securitiesStart of year $30,191,702$33,036,589

X-15 Other assetsStart of year $17,450,579$19,627,178

X-16 Total assetsStart of year $105,430,385$109,792,718

X-17 Accounts payable and accrued expensesStart of year $10,220,860$9,133,652

X-19 Deferred revenueStart of year $8,634,348$9,094,574

X-25 Other liabilitiesStart of year $1,767,112$1,983,862

X-26 Total liabilitiesStart of year $33,891,475$33,279,049

X-27 Net assets without donor restrictionsStart of year $70,441,137$75,194,669

X-28 Net assets with donor restrictionsStart of year $1,097,773$1,319,000

X-32 Total net assets or fund balancesStart of year $71,538,910$76,513,669

X-33 Total liabilities and net assetsStart of year $105,430,385$109,792,718

Part XI · Reconciliation of net assets $76,513,669 net assets at year end

XI-1 Total revenue$106,079,632

XI-2 Total expenses$102,630,439

XI-3 Revenue less expenses$3,449,193

XI-4 Net assets at start of year$71,538,910

XI-5 Net unrealized gains (losses) on investments$1,562,939

XI-9 Other changes in net assets−$37,373

XI-10 Net assets at end of year$76,513,669

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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