FY2020 Osteopathic Medical College Revenues and Expenditures

For fiscal year (FY)2020 (July 1, 2019 - June 30, 2020), 36 private and 7 public colleges of osteopathic medicine (COMs) reported data for AACOM's 2021-22 Annual Osteopathic Medical School Questionnaire (Annual Survey).  Private COMs reported $317.91M in excess revenues, while public COMs reported an excess of $94.30M for FY2020. Compared to FY2019, private COMs experienced a $25.24M (7.4%) decrease, and public COMs a $67.16M (41.6%) decrease.

The gap between private and public COMs increased from $181.69M in FY2019 to $223.61M in FY2020. Among private COMs, 17 reported an increase since FY2019. Out of the 17 private COMs that reported an increase, 13 reported a higher surplus, 2 reported an increase but are still in the negative, and 2 previously in the negative reported a surplus for FY2020. Sixteen private COMs reported a decrease since FY2019.  Out of the 16 private COMs that reported a decrease, 11 have maintained a surplus, 2 that reported a surplus for FY2019 are now in the negative, and 3 are going further into the negative for FY2020.  One private COM has reported breaking even for three consecutive fiscal years (FY2017, FY2019 and FY2020), while another private COM has newly reported breaking even for FY2020.

Compared to FY2019, 2 public COMs reported an increase while 5 reported a decrease. Out of the 5 public COMs that reported a decrease for FY2020, 2 that previously reported a surplus for FY2019 are now in the negative.   

Notes: 

COMs were administered an abbreviated version of AACOM's 2019-20 Annual Survey due to the COVID-19 pandemic and COM operations consequently affected.  COM deans voted on which sections to complete for the abbreviated version, which omitted sections that would have collected FY2018 revenues and expenditures data.  Therefore, FY2018 data are unavailable and FY2017 data have been used instead for this data analysis comparison. 

 Figures may not sum due to rounding.