Finding 1127595 (2024-001)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2024
Accepted
2025-03-31
Audit: 352068
Organization: Bastyr University (WA)

AI Summary

  • Answer: The University failed to meet the required Composite Score for financial responsibility.
  • Trend: This indicates potential ongoing financial stability issues that need attention.
  • List: Follow up by reviewing financial practices and developing a plan to improve the Composite Score.

Finding Text

The University did not meet the financial responsibility Composite Score threshold for the fiscal year ended June 30, 2024.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 551153 2024-001
    Material Weakness
  • 551154 2024-001
    Material Weakness
  • 551155 2024-001
    Material Weakness
  • 551156 2024-001
    Material Weakness
  • 551157 2024-002
    Material Weakness
  • 551158 2024-002
    Material Weakness
  • 551159 2024-002
    Material Weakness
  • 551160 2024-002
    Material Weakness
  • 551161 2024-003
    Material Weakness
  • 551162 2024-004
    Material Weakness
  • 551163 2024-004
    Material Weakness
  • 551164 2024-004
    Material Weakness
  • 551165 2024-004
    Material Weakness
  • 551166 2024-005
    Significant Deficiency
  • 551167 2024-006
    Significant Deficiency
  • 1127596 2024-001
    Material Weakness
  • 1127597 2024-001
    Material Weakness
  • 1127598 2024-001
    Material Weakness
  • 1127599 2024-002
    Material Weakness
  • 1127600 2024-002
    Material Weakness
  • 1127601 2024-002
    Material Weakness
  • 1127602 2024-002
    Material Weakness
  • 1127603 2024-003
    Material Weakness
  • 1127604 2024-004
    Material Weakness
  • 1127605 2024-004
    Material Weakness
  • 1127606 2024-004
    Material Weakness
  • 1127607 2024-004
    Material Weakness
  • 1127608 2024-005
    Significant Deficiency
  • 1127609 2024-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $29.87M
93.925 Scholarship for Heath Professionals Students Disadvantaged Background $7.55M
64.028 Post-9/11 Veterans Educational Assistance $318,699
84.063 Federal Pell Grant Program $120,876
64.116 Veteran Readiness and Employment $105,752
84.033 Federal Work-Study Program $105,237
84.007 Federal Supplemental Educational Opportunity Grants $38,126
93.350 National Center for Advancing Translational Sciences $10,298