Midwestern University

Nonprofit profile at a glance

EIN
363377698
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2012
Location
Downers Grove, IL, USA
Phone
6305157307
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Graduate, Professional Schools (Separate Entities)

Official website

Reported finances

Revenue
$555,672,877
Expenses
$440,787,856
Assets
$2,235,414,008
Liabilities
$269,764,268

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

34 people listed

Executive titles in this filing

  • JOSHUA C BAKER OD MS (SVP & Chief Academic Officer / Interim President, CEO, & Trustee (beg May 2025))
  • KATHLEEN H GOEPPINGER PHD (PRESIDENT, CEO, TRUSTEE retired May 19, 2025)
  • AMY GIBSON MS PHR SHRM-SCP (VICE PRESIDENT, HUMAN RESOURCES GANIZATIONAL DEVELOPMENT)
  • ANGELA MARTY MA PHR (SR. VICE PRESIDENT ADMINISTRATION AND COMMUNICATIONS)
  • BARBARA L MCCLOUD ESQ (VICE PRESIDENT & GENERAL COUNSEL - Ending September 16, 2024)
  • DANIEL TAPIA EdD (VICE PRESIDENT OF OPERATIONS)

Highest reported compensation

  • KATHLEEN H GOEPPINGER PHD (PRESIDENT, CEO, TRUSTEE retired May 19, 2025): $1,968,182 total reported compensation
  • BARBARA L MCCLOUD ESQ (VICE PRESIDENT & GENERAL COUNSEL - Ending September 16, 2024): $1,203,414 total reported compensation
  • JOSHUA C BAKER OD MS (SVP & Chief Academic Officer / Interim President, CEO, & Trustee (beg May 2025)): $966,981 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Healthcare education is what we do. We're an established leader with an exciting vision for the future. Midwestern University faculty members conduct numerous research projects in diverse areas to help expand and advance scientific knowledge. Our commitment to research is tied to our goal of inspiring students to seek new knowledge and contribute to their chosen field. Research Projects Student in Dental Simulation Lab. bell tower in front of the sky Mission & Vision Midwestern University's historical and sustaining philosophy dedicates the institution and its resources to the highest standards of academic excellence to meet the educational needs of the healthcare community.

What it reported doing in 2024

Description of program service accomplishments during the fiscal year ended june 30, 2025, midwestern university provided health sciences education services to approximately 6,308 pre-doctoral students. These student services are located on three campuses, two in Illinois and one in Arizona. Midwestern university offers health education programs in medicine, pharmacy, physician assistance, physical therapy, occupational therapy, biomedical sciences, podiatry, clinical psychology, perfusion services, nurse anesthetist, dentistry, optometry, veterinary medicine, speech language pathology, and graduate education programs in medicine, as well as continuing education for staff and alumni. Midwestern university continued its research and training programs with the support of federal and private funding. Midwestern university clinics value of discounted care provided $23,102,000 value of free care provided $3,851,000 the midwestern university clinics operated at the Arizona and/or the Illinois campuses include dental institutes, eye institutes, multispecialty practices, therapy institute, and animal health institute designed to provide clinical teaching sites and meet a wide-range of healthcare needs of area patients. In accordance with the university's academic mission, the fee schedules at the two dental institutes have been reduced to approximately 50% or more of usual and customary charges. As a result, during fiscal year ended june 30, 2025, mwu patients paid $23,102,000 less in patient service fees than they would have had mwu charged usual and customary fees. Also, the university has a discount program whereby low income individuals can apply for free care at mwu clinics based on the federal poverty guidelines. The total discounts in fiscal year ended june 30, 2025 were $1,964,000 at stated patient service charges. Had mwu charged usual and customary fees, the value of the discounts would have been $3,851,000.

Operating model

Revenue model
Other-operating. 90% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 77
  • Accountability: 92
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.6%; rating input score 77
  • Program expense ratio: 93%; rating input score 93
  • Fundraising efficiency: $6.69 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 99.9%; rating input score 100; 45th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 86.7%; rating input score 87; 33rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.7%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 5.07; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 76.6% of revenue deployed · 93% of spending went to programs
  • Governance: 13 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $409.9M in reported program spending
  • Leadership: top reported pay $2M · 34 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $64M reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 14 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.