Drexel University College of Medicine

What it reported doing in 2013

Education: it is the college's educational mission to provide, through a program of classroom and clinical education that meets high academic standards, an environment conducive to the training of future physicians (e.g., medical students, interns, residents and post-doctoral fellows), research scientists and other health professionals and for the continuing education of those engaged in the provision of health care services. The college of medicine enjoys a well-deserved national reputation based on our excellent clinical teaching program, the two curricular tracks available to our students in the pre-clinical years, and our innovations in the use of technology to support and enhance the curriculum. This reputation has been fully validated by our recent review by the lcme where the college was awarded eight years full accreditation. The college was recognized for five areas of strength including technology in medical education, comparability of clinical education across instructional sites, commitment to and relationships with our clinical campuses, investment in education by the dean, and career counseling. Through the newly formed graduate school of biomedical graduate and professional studies the college of medicine continues to maintain and grow some of the strongest research graduate training programs in the region as evidenced by the quality of the applicant pool, the research productivity of matriculated students, and the success of graduates in obtaining professional positions. In addition their substantial contribution to the research enterprise of the college, these basic science programs influence significantly the clinical and translational research missions of the college and the university through joint initiatives supported by the college's strategic plan and affiliation agreements with prominent local and regional biomedical research institutes. The graduate school also continues to expand the number of graduate and post-baccalaureate programs that it offers to a growing number of applicants while maintaining its high academic standards. Total graduate and medical school enrollment for academic year 2013-2014 = 1995number of degrees conferred in the academic year 2013-2014: medical degrees = 237master's degrees in biological sciences = 205doctorate degrees = 24certificates and other degrees = 172

Financial Efficiency

• Mission deployment rate: 89.1%; rating input score 89
• Program expense ratio: 90.3%; rating input score 90
• Fundraising efficiency: $22.17 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 67th percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Pass
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 81%; rating input score 81; 35th percentile among comparable filings
• Governance controls: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3.4%; rating input score 48; 48th percentile among comparable filings
• Total-asset coverage ratio: 1.31; rating input score 51; 51st percentile among comparable filings
• Liabilities to assets ratio: 0.25; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 49; 49th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 4.1% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings