Virginia University of Integrative Medic

Nonprofit profile at a glance

EIN
200683049
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Vienna, VA, USA
Phone
7033235690
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$7,117,102
Expenses
$6,285,084
Assets
$11,515,091
Liabilities
$8,705,821

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

Leadership & pay

10 people listed

Executive titles in this filing

  • JOHN YOO (CEO)
  • LIXING LAO (President)

Highest reported compensation

  • JOHN YOO (CEO): $354,200 total reported compensation
  • CHAD EGRESI (Director of E.M.): $162,000 total reported compensation
  • BYUNG YUN KIM (CMO): $144,375 total reported compensation

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

Overview

Mission

The mission of the Virginia University of Integrative Medicine is to produce educated healthcare practitioners highly skilled in Acupuncture and Integrative Medicine, trained to provide the community with affordable healthcare services while fostering the growth and practice of Acupuncture and Integrative Medicine.

What it reported doing in 2024

The Virginia University of Integrative Medicine was founded in 2004 as an institution of higher education designed to offer Acupuncture and Herbal Medicine education to students from around the world. The University is certified to operate by the State Council of Higher Education of Virginia SCHEV, approved for licensure by the Office of the Secretary of Higher Education for the State of New Jersey, authorized by the Georgia Nonpublic Postsecondary Education Commission in Georgia, and is institutionally accredited by the Accreditation Commission for Acupuncture and Herbal Medicine ACAHM. The University offers programs at both the Masters and Doctoral Levels in the English, Korean, and Chinese languages. Programs offered are: Master of Science in Acupuncture MAc, Master of Science in Acupuncture and Herbal Medicine MAcHM, Doctor of Acupuncture and Oriental Medicine DAOM, Doctor of Acupuncture DAc, Doctor of Acupuncture and Herbal Medicine DAcHM, Graduate Certificate in Chinese Herbal Medicine CCHM.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.9%; rating input score 61
  • Program expense ratio: 69.5%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.7%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.83; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 18.1%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 17.5% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 27.7% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 60.9% of revenue deployed · 69.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $4.4M in reported program spending
  • Leadership: top reported pay $354K · 10 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.