Touro University

Touro University shows consistent revenue growth and asset accumulation over the past decade.

EIN: 133838740 · Vallejo, CA · Updated: 2026-03-28

$100.1MRevenue

$105.4MAssets

85/100Mission Score (Excellent)

About Touro University

Touro University (EIN: 133838740) is a nonprofit organization based in Vallejo, CA. The organization reported total revenue of $100.1M and total assets of $105.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Touro University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Touro University demonstrates consistent financial growth over the past decade, with revenues increasing from $60.6 million in 2014 to $95.3 million in 2023. The organization generally operates with a surplus, as seen in 2023 where revenue of $95.3 million exceeded expenses of $87.5 million, contributing to a healthy increase in assets from $72.7 million in 2014 to $95.0 million in 2023. This indicates sound financial management and an ability to build reserves.

While specific program, administrative, and fundraising spending breakdowns are not provided in the summary data, the consistent growth in assets and revenue suggests effective resource allocation. The absence of reported officer compensation across all filings is a notable point regarding transparency, as it could indicate that executive compensation is reported differently or that the organization's structure does not involve direct officer compensation as typically reported on Part VII of the 990. Further investigation into the full 990 forms would be necessary to fully understand executive remuneration practices.

Overall, Touro University appears to be in a stable financial position, consistently growing its revenue and assets. The organization's ability to manage expenses below revenue in most years, coupled with a significant increase in assets, points to a financially healthy and sustainable operation. The lack of reported officer compensation warrants further review for complete transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Touro University with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Touro University allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data consistently reports 0% for Officer Comp across all filings, which is unusual for an organization of this size with revenues nearing $100 million. This suggests executive compensation may be reported under different categories or through related entities, requiring a deeper dive into the full 990 forms for clarity.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Touro University's IRS 990 filings:

Unclear executive compensation reporting (0% officer comp reported consistently)

Strengths

The following positive indicators were identified for Touro University:

Consistent revenue growth (from $60.6M in 2014 to $95.3M in 2023)
Healthy asset growth (from $72.7M in 2014 to $95.0M in 2023)
Generally positive operating margins (revenue often exceeds expenses)

Frequently Asked Questions about Touro University

How does Touro University manage to report 0% officer compensation across all filings?

The consistent reporting of 0% for Officer Comp suggests that executive compensation might be structured in a way that it's not directly reported in the 'Officer Comp' field on the summarized data, or it's paid through a related organization. A detailed review of the full IRS 990 forms, particularly Part VII, Section A, would be necessary to understand how executive compensation is handled.

What is the primary driver of Touro University's revenue growth?

While the specific drivers are not detailed in the provided summary, as an educational institution, it's highly probable that tuition and fees, along with grants and contributions, are the primary drivers of its consistent revenue growth from $60.6 million in 2014 to $95.3 million in 2023.

Is Touro University financially stable?

Yes, Touro University appears financially stable. It has consistently grown its revenue and assets over the past decade, with assets increasing from $72.7 million in 2014 to $95.0 million in 2023, and generally maintains a positive operating margin where revenues exceed expenses.

Filing History

IRS 990 filing history for Touro University showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Touro University's revenue has grown by 76.7%, moving from $53.9M to $95.3M. Total assets decreased by 39.2% over the same period, from $156.4M to $95.0M. Total functional expenses rose by 85.1%, from $47.3M to $87.5M. In its most recent filing year (2023), Touro University reported a surplus of $7.8M, with revenue exceeding expenses. The organization holds $31.0M in liabilities against $95.0M in assets (debt-to-asset ratio: 32.7%), resulting in net assets of $64.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$95.3M	$87.5M	$95.0M	$31.0M	—	View 990
2022	$97.5M	$85.7M	$90.4M	$34.7M	—	View 990
2021	$94.0M	$97.1M	$83.5M	$36.6M	—	—
2020	$91.7M	$81.6M	$81.0M	$32.9M	—	View 990
2019	$87.9M	$82.8M	$69.5M	$31.7M	—	View 990
2018	$84.1M	$85.6M	$72.3M	$40.1M	—	View 990
2017	$77.7M	$76.9M	$65.0M	$31.6M	—	View 990
2016	$71.8M	$73.1M	$64.3M	$32.4M	—	View 990
2015	$63.4M	$73.3M	$65.9M	$32.7M	—	View 990
2014	$60.6M	$55.1M	$72.8M	$29.6M	—	View 990
2013	$57.2M	$149.6M	$68.7M	$31.3M	—	View 990
2012	$54.0M	$49.0M	$161.8M	$32.1M	—	View 990
2011	$53.9M	$47.3M	$156.4M	$30.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $95.3M, expenses of $87.5M, and assets of $95.0M (revenue -2.2% year-over-year).
2022: Revenue of $97.5M, expenses of $85.7M, and assets of $90.4M (revenue +3.8% year-over-year).
2021: Revenue of $94.0M, expenses of $97.1M, and assets of $83.5M (revenue +2.5% year-over-year).
2020: Revenue of $91.7M, expenses of $81.6M, and assets of $81.0M (revenue +4.3% year-over-year).
2019: Revenue of $87.9M, expenses of $82.8M, and assets of $69.5M (revenue +4.4% year-over-year).
2018: Revenue of $84.1M, expenses of $85.6M, and assets of $72.3M (revenue +8.2% year-over-year).
2017: Revenue of $77.7M, expenses of $76.9M, and assets of $65.0M (revenue +8.3% year-over-year).
2016: Revenue of $71.8M, expenses of $73.1M, and assets of $64.3M (revenue +13.1% year-over-year).
2015: Revenue of $63.4M, expenses of $73.3M, and assets of $65.9M (revenue +4.6% year-over-year).
2014: Revenue of $60.6M, expenses of $55.1M, and assets of $72.8M (revenue +6.0% year-over-year).
2013: Revenue of $57.2M, expenses of $149.6M, and assets of $68.7M (revenue +5.9% year-over-year).
2012: Revenue of $54.0M, expenses of $49.0M, and assets of $161.8M (revenue +0.2% year-over-year).
2011: Revenue of $53.9M, expenses of $47.3M, and assets of $156.4M.

Data Sources and Methodology

This transparency report for Touro University is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.