Civic Intelligence

Parker University

EIN 75-1596658 • 501(c)3 • Dallas, TX

Profile

Parker university, built upon the legacy of its flagship doctor of chiropractic program, has established itself as a leading comprehensive institution. Parker university provides students, patients, and wellness professionals with the knowledge and healthcare experiences to realize their full potential through a dedicated focus on education, research, and service.

2540 Walnut Hill LaneDallas, TX 75229-5609

www.parker.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.15x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.25x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

37th percentile

0.6%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$641,846

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

43rd percentile

4.1%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

6.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$144,464,285

Up $5,733,558 (+4.1%) from 2023

Liabilities

Up

$22,204,166

Up $190,140 (+0.9%) from 2023

Net Assets

Up

$122,260,119

Up $5,543,418 (+4.7%) from 2023

Revenue

Up

$87,444,250

Up $5,271,263 (+6.4%) from 2023

Expenses

Up

$86,921,623

Up $8,038,571 (+10%) from 2023

Net Income

Down

$522,627

Down $2,767,308 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $39,677,753Liabilities 2011: $3,801,378Net Assets 2011: $35,876,3752011Assets 2012: $46,240,103Liabilities 2012: $9,850,063Net Assets 2012: $36,390,0402012Assets 2013: $42,682,252Liabilities 2013: $3,047,566Net Assets 2013: $39,634,6862013Assets 2014: $46,859,047Liabilities 2014: $3,350,366Net Assets 2014: $43,508,6812014Assets 2015: $44,958,561Liabilities 2015: $3,027,727Net Assets 2015: $41,930,8342015Assets 2016: $48,141,891Liabilities 2016: $5,237,848Net Assets 2016: $42,904,0432016Assets 2017: $58,656,747Liabilities 2017: $11,713,954Net Assets 2017: $46,942,7932017Assets 2018: $65,283,731Liabilities 2018: $13,790,037Net Assets 2018: $51,493,6942018Assets 2019: $71,630,140Liabilities 2019: $16,624,746Net Assets 2019: $55,005,3942019Assets 2020: $107,974,572Liabilities 2020: $22,291,049Net Assets 2020: $85,683,5232020Assets 2021: $134,020,772Liabilities 2021: $27,844,676Net Assets 2021: $106,176,0962021Assets 2022: $129,319,348Liabilities 2022: $18,889,770Net Assets 2022: $110,429,5782022Assets 2023: $138,730,727Liabilities 2023: $22,014,026Net Assets 2023: $116,716,7012023Assets 2024: $144,464,285Liabilities 2024: $22,204,166Net Assets 2024: $122,260,1192024

Highlighted filing

2024

Assets$144,464,285
Liabilities$22,204,166
Net Assets$122,260,119

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0Revenue 2011: $29,546,339Expenses 2011: $29,396,690Net Income 2011: $149,6492011Expenses 2012: $27,732,9992012Revenue 2013: $31,048,739Expenses 2013: $28,334,460Net Income 2013: $2,714,2792013Revenue 2014: $34,257,714Expenses 2014: $32,169,579Net Income 2014: $2,088,1352014Revenue 2015: $34,894,149Expenses 2015: $34,325,422Net Income 2015: $568,7272015Revenue 2016: $36,437,971Expenses 2016: $36,352,514Net Income 2016: $85,4572016Revenue 2017: $40,367,026Expenses 2017: $38,270,242Net Income 2017: $2,096,7842017Revenue 2018: $44,470,473Expenses 2018: $40,861,853Net Income 2018: $3,608,6202018Revenue 2019: $50,583,134Expenses 2019: $46,135,070Net Income 2019: $4,448,0642019Revenue 2020: $86,609,284Expenses 2020: $51,622,004Net Income 2020: $34,987,2802020Revenue 2021: $70,650,236Expenses 2021: $57,011,650Net Income 2021: $13,638,5862021Revenue 2022: $82,150,265Expenses 2022: $71,355,420Net Income 2022: $10,794,8452022Revenue 2023: $82,172,987Expenses 2023: $78,883,052Net Income 2023: $3,289,9352023Revenue 2024: $87,444,250Expenses 2024: $86,921,623Net Income 2024: $522,6272024

Highlighted filing

2024

Revenue$87,444,250
Expenses$86,921,623
Net Income$522,627

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$22.2$122$87.4$86.9$0.52
2023Summary only. Only limited summary data is available for this year.$139$22.0$117$82.2$78.9$3.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$18.9$110$82.2$71.4$10.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$134$27.8$106$70.7$57.0$13.6
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$22.3$85.7$86.6$51.6$35.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.6$16.6$55.0$50.6$46.1$4.45
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.3$13.8$51.5$44.5$40.9$3.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.7$11.7$46.9$40.4$38.3$2.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.1$5.24$42.9$36.4$36.4$0.09
2015Detailed filing. Detailed filing data is available for this year.$45.0$3.03$41.9$34.9$34.3$0.57
2014Detailed filing. Detailed filing data is available for this year.$46.9$3.35$43.5$34.3$32.2$2.09
2013Summary only. Only limited summary data is available for this year.$42.7$3.05$39.6$31.0$28.3$2.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$9.85$36.4$27.7
2011Summary only. Only limited summary data is available for this year.$39.7$3.80$35.9$29.5$29.4$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 2, 2025
Return Version
2023v6.0
Gross Receipts
$95,763,041
Mission and Program Overview

Mission

Parker university, built upon the legacy of its flagship doctor of chiropractic program, has established itself as a leading comprehensive institution. Parker university provides students, patients, and wellness professionals with the knowledge and healthcare experiences to realize their full potential through a dedicated focus on education, research, and service.

Parker university is a leading healthcare educator, developing skilled and compassionate professionals in chiropractic, allied health and business-related fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$55,261,233$54,115,137▼ $1,146,096
Investments in Publicly Traded Securities$40,237,060$46,702,650▲ $6,465,590
Cash and Non-Interest-Bearing Accounts$28,474,610$27,743,057▼ $731,553
Accounts Receivable$8,012,660$9,856,221▲ $1,843,561
Prepaid Expenses and Deferred Charges$1,634,189$2,498,849▲ $864,660
Inventories for Sale or Use$726,226$530,991▼ $195,235
Pledges and Grants Receivable$205,000$132,500▼ $72,500
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$138,730,727$144,464,285▲ $5,733,558
Other Assets Total$4,179,749$2,884,880▼ $1,294,869
Liabilities
Accounts Payable and Accrued Expenses$19,205,945$19,872,976▲ $667,031
Other Liabilities$2,639,116$2,182,669▼ $456,447
Deferred Revenue$168,965$148,521▼ $20,444
Total Liabilities$22,014,026$22,204,166▲ $190,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$114,816,701$120,140,119▲ $5,323,418
Net Assets With Donor Restrictions$1,900,000$2,120,000▲ $220,000
Total Net Assets Fund Balance$116,716,701$122,260,119▲ $5,543,418
Total Liabilities and Net Assets / Fund Balance$138,730,727$144,464,285▲ $5,733,558

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,960,203$15,192,845$46,153,048
Equipment$4,951,037$11,529,713$16,480,750
Other Land Buildings$8,525,768$3,006,215$11,531,983
Leasehold Improvements$7,406,954$2,044,002$9,450,956
Land$2,271,175-$2,271,175

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$40,237,060$5,700▲ $6,459,527-$46,702,287
2022$35,508,024$2,024,458▲ $2,704,578-$40,237,060
2021$40,855,856$4,000▼ $5,333,832-$35,508,024
2020$33,892,719$4,000▲ $6,991,137-$40,855,856
2019$1,250,136$29,496,367▲ $3,174,037-$33,892,719
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William E Morgan DCPresidentFT$486,981$154,865$641,846
Jayne Moschella DCEVP/ProvostPT$304,419$100,687$405,106
Rabia Bibi KhanMedical NeurologistFT$313,360$67,965$381,325
Donald L McNuttVP/Chief Operations OfficerFT$269,164$89,049$358,213
Jeanne Marie ReeseCFOFT$185,584$70,498$256,082
Christopher Michael WilliamsChief Marketing OfficerFT$200,502$35,735$236,237
Trevor Kyle JonesChief Information OfficerFT$192,020$41,481$233,501
Patrick BodnarAssistant ProvostFT$171,006$48,539$219,545

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Southeast Service CorporationFacilities/Maintenance2400 Yorkmont Road, Charlotte, NC 28217$1,748,436
SAGE Dining Services IncDining Service1402 York Road Suite 100, Lutherville, MD 21093$1,403,399
Steffen Bart JConstruction9798 FM 1565, Terrell, TX 75160$1,086,898
Tactical Protection ServicesSecurity1701 Payne Street Ste 2301, Dallas, TX 75201$984,555
American Program Bureau IncSeminar SpeakersOne Gateway Center Ste 751, Newton, MA 02458$878,945
Revenue and Support

Revenue Composition

Contributions and Grants
$2,983,370
Program Service Revenue
$82,353,808
Investment Income
$2,056,466
Other Revenue
$50,606
All Other Contributions
$71,526
Change in Net Assets
$522,627

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table54$38,414Market value
Other Non Cash Contri Table1$28,945Selling cost
Total Noncash Contributions55$67,359-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,139,488
Other Expenses$36,658,654
Grants and Similar Amounts Paid$9,123,481
Total Fundraising Expense$750,626
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$23,292,366$7,350,338$288,762$30,931,466
Grants to Domestic Individuals$9,098,965--$9,098,965
Occupancy$3,040,771$5,374,631$1,437$8,416,839
Other Employee Benefits$161,374$4,635,471-$4,796,845
Depreciation Depletion$3,667,181$568,518$142,129$4,377,828
Information Technology$2,228,897$2,002,482-$4,231,379
Advertising$1,737,311$1,676,437$2,816$3,416,564
Fees for Services Other$2,442,685$604,640$25,531$3,072,856
All Other Expenses$2,521,876$149,197$0$2,671,073
Payroll Taxes$2,093,852$542,208$25,330$2,661,390
Current Officers, Directors, Trustees, and Key Employees$405,106$871,690$128,369$1,405,165
Pension Plan Contributions$1,016,728$211,846$15,822$1,244,396
Conferences and Meetings$373,127$686,728$95,593$1,155,448
Travel$776,290$340,366$12,483$1,129,139
Insurance$89,440$1,028,880-$1,118,320
Office Expenses$534,373$419,897$11,668$965,938
Other Expenses$208,129$525,288-$733,417
Fees for Services Accounting-$166,475-$166,475
Fees for Services Legal$102,422$56,749-$159,171
Comp Disqual Persons$100,226--$100,226
Fees for Services Lobbying-$90,000-$90,000
Grants to Domestic Orgs$24,516--$24,516
Interest-$1,756$686$2,442
Total Functional Expenses$58,832,181$27,338,816$750,626$86,921,623
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$258,591
Fundraising Gross Income$60,787
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$272,810$60,787$115,390$-54,603
Event 2-$0-$0
Total Events$272,810$60,787$258,591$-197,804
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-TrusteeConsulting FeesNo$121,000
-Trustee's Family MemberSalaries/WagesNo$100,226

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$2,182,669
Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

Prior to filing, the university distributes the form 990 to the board of trustees, requesting each member to review the return and forward any questions or comments to management.

Form 990, Part VI, Line 12C Conflict of interest policy

Annually, each trustee is required to complete a conflict of interest disclosure statement, declaring the presence or absence of a conflict. The board is the arbiter of any identified conflict and must document its decision regarding such matter. Employees must comply with the conflict of interest policy set forth in the university's handbook. Such policy prohibits the employee's involvement with financial transactions in which the employee or an immediate family member has a material financial interest. Employees are required to report potential conflicts immediately upon their discovery.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The compensation committee of the board of trustees conducts at least annually a review of the compensation of the university's president. Such review is documented in the meeting minutes. As a basis for determining compensation during the current tax year, the committee reviewed data supplied by an independent consultant and comparability data compiled and published by a professional association.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The HR team used an outside third-party company to perform a salary review of every faculty and staff position that are non-executive.

Form 990, Part VI, Line 19 Required documents available to the public

The university's governing documents, conflict of interest policy, and financial statements are not made available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Parker University
EIN
75-1596658
Phone
9724386932
Address
2540 Walnut Hill Lane, Dallas, TX 75229-5609

Signing Officer

Name
Dr William Morgan
Title
President
Signed
2025-07-02
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
14
Employees
630
Volunteers
50

Preparer

Firm
Forvis Mazars LLP
Address
14221 Dallas Parkway Suite 400, Dallas, TX 75254
Preparer
Jeanette Verrelli
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 2,625,573 including grants of $ 0)(Revenue $ 2,178,300) Synapse Management Services

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The university's endowment provides stable financial support to a wide variety of programs and activities in perpetuity.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The university and its consolidated entities are exempt from federal income taxes except to the extent they have unrelated business income. In addition, there were no uncertain income tax positions during the reporting periods. Accordingly, no tax liability or tax benefit is required under asc 740, income taxes.

Raw XML AppendixShowing 400 of 1,038 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum08173082977
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IRS990/Desc0THE UNIVERSITY'S DOCTOR OF CHIROPRACTIC PROGRAM IS BOTH RIGOROUS AND COMPREHENSIVE, LEVERAGING THE LATEST RESEARCH AND TECHNOLOGY AND FEATURING A RESEARCH FACILITY AND AN INTEGRATED CLINICAL EXPERIENCE AT ONE OF ITS TWO PUBLIC CLINICS OR THROUGH OFFSITE INTERNSHIPS AT PARTICIPATING HOSPITALS AND PRIVATE PRACTICES. THE PROGRAM IS DESIGNED TO DEVELOP SKILLED PROFESSIONALS DEVOTED TO THE PRACTICE OF COMPASSIONATE, PATIENT-CENTERED AND EVIDENCE-BASED CARE.
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