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Northwestern Health Sciences University EIN 41-0684657

Northwestern Health Sciences University

EIN  41-0684657 Higher education institution Bloomington, MN Founded 1942
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Develops healthcare professionals and leaders to improve the field.
Leadership
Deborah Bushway · President · $399K
Money in and out
$28.7M revenue, $29.5M expenses
Bottom line
-3% operating surplus

Develops healthcare professionals and leaders to improve the field. For fiscal year 2024 it reported $28.7M in revenue, $29.5M in expenses, and $24.5M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$28.7M
Pt VIII · Ln 12
Total expenses
$29.5M
Pt IX · Ln 25
Net assets
$24.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$866K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Operating surplus
-3%
revenue over expenses, this legal entity▲ +65% vs prior filing year
Payroll share
63%
of this entity's spending is salaries & benefits0% vs prior filing year
Program spending
81%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$28.7M
FY2024▲ +3%
Expenses
$29.5M
FY2024▼ -2%
Total assets
$31.5M
FY2024▼ -8%
Total liabilities
$7.0M
FY2024▼ -27%
Total revenue
$28.7M
Pt VIII · Ln 12
Total expenses
$29.5M
Pt IX · Ln 25
Net assets
$24.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$866K
Total assetsPt X · Ln 16$31.5M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $24.0M of program spending, described in the organization's own filed words · FY2024.
01

Core Program

The university's accredited chiropractic, acupuncture & chinese medicine, massage therapy, nutrition and undergraduate programs provide instruction and clinical experience to students, leading to a degree AND/OR professional CERTIFICATE.FALL 2024 enrollment per program (number of students):chiropractic - 495; acupuncture and chinese…

$21.1Mprogram expense
02

Clinical

The clinics provide chiropractic, acupuncture, massage therapy and physical therapy treatments to students, employees and the public. Students obtain experience through clinical service. The university also provides these services at several community CLINICS.NUMBER of students in the on-site clinics - 583NUMBER of patient visits - 28,160

$1.5Mprogram expense
03

Auxiliary

The bookstore's primary purpose is to provide educational materials for students, but is open to the general public as well.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNorthwestern Health Sciences University
EINHdr · item D41-0684657
Principal addressHdr · item CBloomington, MN
WebsiteHdr · item Jwww.nwhealth.edu
Year of formationHdr · item L1942
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B500)
Ruling yearIRS BMFJul 1950

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$399,386Pt VII · Sec A
Kimberly Pearce
Chief Academic Officer
$207,050Pt VII · Sec A
Cory Miller
VP of Information Technology
$199,661Pt VII · Sec A
Michael Tennison
VP Clinic Admin (thru 09/2024)
$191,891Pt VII · Sec A
Linda Berg
VP of Advancement (thru 04/2025)
$182,336Pt VII · Sec A
Mary Gale
VP of HR
$174,085Pt VII · Sec A
Jane Garner
CFO/Treasurer
$94,522Pt VII · Sec A
$0Pt VII · Sec A

Deborah Bushway’s $399K as President is at the 80th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Deborah Bushway$399,386$383,770$316,604$372,001$376,710—
Deborah Bushway PHD—————$357,838
Michael Tennison$191,891$238,697$196,313$226,478$228,724$214,927
Kimberly Pearce$207,050$201,757$155,892$179,925$181,880—
Cory Miller$199,661$193,219$154,046$176,804$172,487—
Michelle Hegarty—$195,569$104,832———
Jacqueline Farr———$185,543$190,004$178,021
Linda Berg$182,336$188,859————

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.

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Statement of Revenue

Part VIII
Program service revenue$26.2M · 91%
Contributions & grants$799K · 3%
Investment income$977K · 3%
Other revenue$710K · 2%
Program service revenue91%$26.2M
Contributions & grants3%$799K
Investment income3%$977K
Other revenue2%$710K
— government grantsLn 1e$385K
Total revenueLn 12$28.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.17 Fundraising $0.01
Program services81%$24.0M
Management & general17%$5.1M
Fundraising1%$421K
Total functional expensesLn 25$29.5M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$31.5M
Total liabilitiesLn 26$7.0M
Total net assetsLn 32$24.5M
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.3M · Operating expenses (Pt IX) $29.5M · Less non-cash grants $38K · Cash operating expenses/yr $29.5M
5.8 months
Where the money goes
Program services
Program services $24.0M · Total expenses $29.5M
81%
Management & General
Management & general $5.1M · Total expenses $29.5M
17%
Fundraising
Fundraising $421K · Total expenses $29.5M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $463K · Solicited contributions (3-yr avg) $483K
$0.96 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $799K · Total revenue $28.7M
3%
Government reliance
Government grants $385K · Total revenue $28.7M
1%
Earned-income share
Program service revenue $26.2M · Total revenue $28.7M
91%
Investment reliance
Investment income $977K · Total revenue $28.7M
+3%
Program self-sufficiency
Program service revenue $26.2M · Total expenses $29.5M
89%
Growth & trend
Revenue growth (YoY)
This year $28.7M · Prior year $27.8M
+3%
Revenue CAGR
FY2019 $32.0M · FY2024 $28.7M
-2%
Net-asset trend (YoY)
End of year $24.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $28.7M · Expenses $29.5M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $31.5M
—
Net-asset ratio
Net assets $24.5M · Total assets $31.5M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $13.0M · Other securities (Pt X, ln 12) $98K · Total assets (Pt X, ln 16) $31.5M
42%
People & payroll
Highest Reported Total Compensation
Individual Deborah Bushway · Reported title PRESIDENT · Highest reported compensation $399K · Total expenses $29.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18.6M · Total expenses $29.5M
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 17%——
Fundraising cost ratio 53%——
Revenue growth 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Ncmic Foundation INCFY2024$35K
The Eagle FoundationFY2024$2K
Total grants receivedfrom 2 funders$38K
Grants paid · 9 grants · $11.1M · 2019–2024
Unitemized GrantFY2024$1,227,589
Unitemized GrantFY2023$1,198,470
Unitemized GrantFY2022$1,741,881
Unitemized GrantFY2022$1,741,881
Nwhsu Student SenateMN · FY2022$90,989
Nwhsu Student SenateMN · FY2022$90,989
Unitemized GrantFY2021$1,321,385
Unitemized GrantFY2020$2,116,509
Unitemized GrantFY2019$1,596,378

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$27.8M revenue · ⤓ 990 PDF
FY2023$34.3M revenue · ⤓ 990 PDF
FY2022$31.8M revenue · ⤓ 990 PDF
FY2021$34.3M revenue · ⤓ 990 PDF
FY2020$32.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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