Annual Report 2023-2024

Page 1


2023-2024 annual report

STUDENT SUCCESS

CMCC remains dedicated to delivering world-class chiropractic education, research, and patient care. Our students continue to perform exceptionally well in the Canadian Chiropractic Examining Board (CCEB) exams, with five-year passing rates for first-time test takers surpassing the average scores of non-CMCC students. Although participation in the US National Board of Chiropractic Examiners (NBCE) exams remains low, our students' performance has been consistent with previous years.

CCEB FIVE YEAR AVERAGE PASSING RATE - FIRST ATTEMPTS (COMPONENT A, B, C AVERAGE)

OTHER STUDENTS

EXPERIENTIAL LEARNING

In alignment with our commitment to enhancing experiential learning within the Doctor of Chiropractic program, we have made significant strides in shifting from traditional lectures to more active learning and competency-based assessments. Experiential learning opportunities have been incorporated across Years I to III, receiving overwhelmingly positive feedback. Students have demonstrated high levels of engagement and attendance, and have reported increased confidence and competence. We also introduced new active assessments to better measure student progress. Our clinical diagnosis and clinical education departments have played pivotal roles, focusing on closing competency gaps in areas such as professionalism, communication, health advocacy, and leadership.

ACCREDITATION AND ACADEMIC EXCELLENCE

CMCC remains committed to maintaining the highest standards in chiropractic education. Our Doctor of Chiropractic program is accredited by the Council on Chiropractic Education Canada (CCEC) until 2030. In 2022, we also achieved initial accreditation by the Council on Chiropractic Education in the US (CCE-US), valid until 2025. CMCC is the first institution to hold dual accreditation by these two prestigious bodies. We are already well ahead in preparing our selfstudy report for the 2025 CCE-US accreditation and are actively working to implement Competency-Based Education (CBE), an outcomes-based approach that will enhance the design, assessment, and evaluation of our programs.

FINANCIAL HEALTH

CMCC continues to uphold its reputation for financial excellence. Our primary reserve ratio remains strong, demonstrating our ability to manage unforeseen financial challenges. For the FY2024-25 academic year, our budget includes funding for strategic initiatives that align with our current plan and the transition to new leadership. Once again, our independent auditors have issued an unqualified audit report, affirming the institution’s financial stability.

In closing, we wish you all the best in the coming year as we continue to build on CMCC’s legacy of excellence.

Governors’ Club Members

Dr. Carlo Ammendolia

Dr. G. Hugh Armstrong

Dr. Jacques Auger

Dr. Nikhil N. Bair-Patel

Dr. Fred N. Barnes

Ms. Mara Bartolucci

Dr. Carolee Bateson-Koch

Dr. Keith C. Beaton

Dr. Michel L. Blanchette

Dr. Kelli L. Blunt

Dr. Annette Bourdon

Dr. Thomas H. Boyter

Dr. Christine Bradaric-Baus

Dr. Ron Brady

Dr. Deborah E. Brake-Patten

Mrs. Bruna Brown

Dr. Keith L. Burchill

Dr. Kimberly D. Burgis

Dr. John A. Cadieux

Dr. J. Blake Cameron

Dr. Raynald Cardinal

Dr. Paul F. Carey *

Dr. Natalie J. Carrington

Dr. Borys M. Chambul

Dr. George Chiaravalloti

Dr. Denis M. Chouinard

Dr. John G. Cochrane

Dr. Richard R. Cronk

Dr. Philip Croutch

Mrs. Gail Cunningham

Dr. Carolyn E. Dalgity

Dr. Lori L. Darroch

Dr. Ivone De Marchi

Dr. John R. Dean

Dr. W. Mark deGruchy

Dr. Edward L. Demchuk

Dr. Bradley F. Dickson

Dr. Lisa L. Dickson

Dr. James DiGiuseppe

Dr. Brian M. Donbrook

Dr. Douglas A. Donbrook

Dr. Sonia K. Doroshenko

Dr. David C. Drum

Dr. Tracy J. Drynan

Mr. H. James Duncan

Dr. David F. Dunn

Dr. Gregory N. Dunn

Dr. Jans C. Ellefsen

Dr. Bruce Fligg

Dr. Wilfred B. Foord

Mr. Allan M. Freedman

Dr. Elsie L. Frickey

Dr. Thomas A. Gadsby

Dr. Robert P. Gagnon

Dr. Brian G. Gainor

Dr. Christine B. Garrity

Dr. Gregory Gellert

Dr. Geoffrey M. Gelley

Dr. Pala Gillis

Dr. Susan Gillis-Lawson

Dr. Arnie Glatter

Dr. Liza Grant

Dr. Adrian S. Grice

Dr. Leslie R. Grice

Dr. Alexander R. Grier

Dr. Robert H. Gringmuth

Dr. Paul J. Grittani

Dr. David A. Gryfe

Dr. Rocco C. Guerriero

Dr. Sunyatta F. Guild

Dr. Karin F. Hammerich

Mrs. Barbara J. Harper

Miss Jennifer C. K. Harper

Mr. Jonathan Harper

Miss Julia C. S. Harper

Dr. Keith G. Harper

Dr. Richard T. Hawthorne

Dr. John R. Hayes

Dr. E. Kitchener Hayman

Dr. Jennifer C. Heick

Dr. Eric A. Helson

Dr. L. Kevin Henbid

Dr. David J. Hewko

Dr. Dan R. Higgins

Mrs. Joan Hubbel *

Dr. Morgan J. Hubbel

Dr. Brian Huggins

Dr. Stephen H. Injeyan

Dr. Orest J. Jakym

Dr. Bruce P. Jensen

Dr. William A. Johnstone

Dr. Ronald W. Jones *

Dr. Curtis A. Jurgens

Dr. Roy Kariatsumari

Dr. Rahim Karim

Dr. Mohsen Kazemi

Dr. Jan J. Kempe

Dr. Peter S. Y. Kim

Dr. Bruce W. Kleinknecht

Dr. Wolfgang P. Kliem

Dr. Deborah R. Kopansky-Giles

Dr. Gregory P. Kos

Dr. Paul W. Kowall

Dr. Larry G. Kozuback

Dr. Kevyn R. Kristmanson

Dr. Mark G. Labrecque

Dr. Derrill K. Ladell

Dr. Yves Laflamme

Dr. J. Donald Langford

Dr. Jacques A. Laquerre

Dr. Else H. Larsen

Dr. Luc Lavigueur

Dr. David R. Lawson

Dr. Gordon E. Lawson

Dr. C. Feng Lee

Dr. Carolyn J. Levere

Dr. Lisa M. Lirette

Dr. Pia E. Longstaffe

Dr. Wayne A.G. Longstaffe

Dr. James D. Lunney

Dr. Norman B. MacLeod

Dr. Peter G. Magee

Dr. Sandra J. Malpass

Dr. Oscar Manias

Ms. Deb Manz

Dr. Rolonde E. Marchand

Dr. Kevin I. McAllister

Dr. Dorothea McCallum

Dr. Patricia L. McCord

Dr. Jason D. McDonald

Dr. Cameron J. McGinnis

Dr. Joanna McGowan

Dr. Michael McLauchlin

Dr. D. Gordon McMorland

Dr. Elizabeth A. Melendy

Dr. Richard Mercier

Dr. Clark R. Mills

Dr. Patrick D. Milroy

Dr. Silvano A. Mior

Dr. Lloyd R. Moorhead

Dr. Michael F. Moreira

Mrs. Geraldine Morgan

Dr. Ernest A. Morin

Dr. Jean A. Moss

Dr. John P. Mrozek

Dr. Michael J. Murray

Dr. Calvin G. Neely

Dr. Dwight W.D. Nelson

Dr. Michael M. Nenonen

Dr. Janice L. Noji

Dr. Douglas Norsworthy

North Vancouver Island

Chiropractic Society

Mrs. Renate Norton

Dr. David H. Olson

Dr. Andre P. Paris

Dr. Grant E. Parker

Dr. Mark C. Perrett

Dre Denise Perron

Dr. Adriano Persi

Dr. Ryan B. Fyfe

Dr. Karin F. Hammerich

Dr. Brianna Hynes

Jiani-Noolab

Dr. Famida Jiwa

Dr. Brad A. Kehoe

Mr. Munir Keshwani

Dr. Kevin D. McKenzie

Dr. Kelley M. McVarish

Dr. Alana Nicholls

Dr. Gordon F. Partridge

Dr. Matthew D. Peacock

Dre Denise Perron

Dr. Michael J. Prendergast

Dr. Geoffrey Smith

Dr. Laura Solway

Donor List

1244140 B.C. Ltd

Dr. David E. Abbott

Dr. Melanie S. AbbottCambridge

Dr. Salvatore Abbruzzino

ABC Gestion Sante Inc

Dr. Jamila Abdulla

Ms. Brenda Abrams

Dr. Anthony G. Adams

Dr. Vincent Adams

Dr. Jennifer A. Adams-Hessel

Dr. Judy Adler

Advertek Inc.

Dayton Ainscough

Paul Alburn Demars

Ms. Omina Aleraky

Rene Alexandre

Ms. Arisa Alexanian

Mr. Shiraz Ali

Mr. Gill Alkin

Mr. Paul Alves

Dr. Carlo Ammendolia

Mr. Don Anderson

Denise Andres

Dr. Antonio Anziano

Dre Marie-Eve Arcand

Dr. Adam Armstrong

Dominic Arsenault

Dr. Adib Ashraf

Dr. Frank Astri

Athlete's Care Sports

Medicine Centres

Dr. Katy Aubin

Dr. Jacques Auger

Miss Taylor Aylward

Dr. Ayla Azad

Dr. Johannes Baarbe

Dr. Christina L. Bagnell

Dr. Nikhil N. Bair-Patel

Dr. Evelyn Bak

Dr. Kimberly Baker

Dr. Charlene A. Banbury

Russell Baragar

Dr. Christopher E. Bardwell

Dr. John D. Bare

Dr. Russell A. Baron

Dre Marie-Eve BarrettePlante

Dr. Matthew J. Barrigar

Ms. Antonella Bartolucci

Ms. Mara Bartolucci

Anne-Louise Basha

Ms. Brianna Basha

Mr. Ryan Basha

Sheri Basha

Dr. Hanan Bassyouni

Dr. Samantha Bauer

Dr. Kirsten E. Baxter

Dr. Shayne Baylis

Dr. Kenneth C. Beatty *

Dawna Becker

Linda Beckett

Beeching Farming Company

Rhian Beever

Dr. Jennifer R. Beggs

Dr. Melanie L. Beingessner

Mrs. Mary Jean Belford

Mr. Rod Bennett

Dr. Marcel Bergeron

Ms. Marnie Berridge

Dr. Condren R. Berry

Dr. Caroline Berthelot

Dr. Stevan M. Betts

Catherine Bezeau

Shafiq Bhanji

Deanne Bingleman

Janice Bissonnette

Robert Blackmore

Pamela Blake

Dr. Kelli L. Blunt

Mr. Joshua Boardman

Dr. Mark G. Bodnar

Dre Marie-Helene Boivin

Mrs. Patsy S. Bolton

Dr. Stacy L. Bolton

Ms. Mary Boniface

Dr. Cameron Borody

Dr. Krista C. Borrowman

Dr. Luke A. Boudreau

Mrs. Sylvie Bourassa

Dr. Annette Bourdon

Mr. Daniel Bourgault

Aline Boux

Dr. Sherilynn Bovay

Dr. Jacqueline L. Boyd

Dr. Christine Bradaric-Baus

Dr. Crystal A. Bradshaw

Dr. Ron Brady

Dr. Deborah E. Brake-Patten

Bonnie Brohu

Dr. Blaine L. Broker

Dr. Michel R. Brosseau

Dr. Kenneth D. Brough

Brian Brown

Mrs. Bruna Brown

Mrs. Susan Brown

Dr. Suzanne L. Brown

Bryan Brunen

Dr. Pierre L. Brunet

Mrs. Sherri Buchanan

Mrs. Val Buchanan

Teressa Buehler

Dr. Keith L. Burchill

Dr. Kimberly D. Burgis

Dr. Rebecca Burns

Tony Chiappetta

Dr. J. Michael Cain

Dr. Audrey Cameron

Dr. C. Dan Campbell

Mr. Duncan Campbell

Gordon Campbell

Canadian Chiropractic Association

Canadian Imperial Bank of Commerce

Dr. Carolina Cancelliere

Dr. Gregory W. Canning

Dr. Raynald Cardinal

Dr. Paul F. Carey *

Mr. John Cargill

Cory Carlson

Deb Carlson

Dre Vicky Caron

Dr. Natalie J. Carrington

Ms. Julie Carswell

Sabrina Carter

Ms. Patricia Carty

Mr. Ashton Casey

Mr. Avery Casey

Diane Casey

Dr. Kimberly A. Castle

CCPOR

Sandra Celli

Dr. Dennis W. Chambers

Dr. Cassandra J. Champion

Mr. Edwin Chan

Dr. Rachel Chan

Dr. Dwight R. Chapin

Dr. Kevin Charbonneau

Dr. Mardi C. Charlton

Dr. Michel Chartier

Dr. George Chiaravalloti

Karen Chiavatti

Chiropractic Association of Alberta

Chiropractors' Association of Saskatchewan

Mr. Damian Chmiel

Mr. Doug Church

Dr. John Church

Dr. Heather Ciasnocha

Mr. Casper Ciddio

Dr. Riccardo J. Cifola

Dr. Tanya Clarke-Young

Dr. Todd Clayton

Dr. Susan D. Clements

CMCC Students' Council

Dr. Rachelle Coates

Nat & Nancy Colatosti

Mr. Leo A. Coleman

Les Coleman

College Chiropractic Clinic

College of Chiropractic Radiologists Canada Inc

College of Chiropractic Sciences

Jenn Collinson

Julie Collu Boardman

Dr. William Columbus

Mr. Bill Cook

Lynn Cook

Dr. Guillaume Corbin

Dr. Rhonda J. Corrigan

Dr. Pierre Côté

Dr. Ian Coulter

Dr. Julie C. Courage

Dr. Laurel J. Cowie

Linda Cripps

Dr. Richard R. Cronk

Ms. Kelle Crosbie

Ms. Diana Crossley

Dr. Philip Croutch

Dr. Alana Nicholls

Nielsen Fitness Inc.

Meaghan Noad

Dr. W. John Noble

Dr. Craig D. Norman

North Vancouver Island Chiropractic Society

Dr. Janis E. Noseworthy

Dr. Virginia U. Nsitem

Sydney Nutt

Mr. Steve O'Farrell

Dr. Lino T. O'Keefe

Dr. Jenn M. O'Neill

Dr. Kirsten E. Olesen

Dr. Gerald Olin

Dr. Irene Oliviero

Ontario Chiropractic Association

Opis Supplies Inc

Optimum Wellness Centres

Dr. Kerry Ann Ottenbreit

Dr. Mary-Irene Parker

Dr. Jodi L. Parkinson

Dr. Gordon F. Partridge

Dr. Heather A. Paull

Dr. Sean E. J. Payne

Dr. Matthew D. Peacock

Ms. Mona Pedlar

Mr. Issie Pelc

Al Penner

People Corporation

Ms. Marilyn Pepper

Dr. Michael W. Pernfuss

Mandy Perrault

Mr. Ed Perrett

Mr. Jason Perrett

Dr. Mark C. Perrett

Dre Denise Perron

Dr. Steven M. Perry

Dr. Alexander F. Pessoa

Ms. Dorothea Phair

Dr. Devon Phillips

Dr. David A. Piche

Amanda Pilgrim

Dr. Indira Pillay-Rego

Dr. Lianne Pinkney

Dr. Richard Plourde

Tayler Poisson

Dr. Guildor Poitras

Dustin Polsfut

Harry Pont

Dr. Douglas L. Pooley

Michelle Potapinski

Dr. R. Andrew Potter

Carey Power

Dr. Michael J. Prendergast

Price Health

Dr. Karen E. A. Proctor

Mr. Gino Pugliano

Dr. Aaron A. Puhl

Karim Punja

Gavin Quigley

Mrs. Serena Raab Goitanich

Dr. Richard Radford

Dr. Richard Raigoza

Dr. Moez H. Rajwani

Nick Rampter

Dr. Shervin Ranjbar

Carmen Rapitta

Dr. Paul M. Rego

Donna Reid

Dr. Jeffrey W. Reihl

Dr. Marcel Reux

Dr. Marty V. Richter

Dr. Nancy Riedel Bowers

Hela Risbridger

Dr. Ryan Robichaud

Dr. Renae M. Rogers

Ms. Michaela Rojas

Dr. Amanda Rong

Dr. Paul S. Rosenberg

Andrea Ross

Royal Bank of Canada

Royal College of Chiropractic

Sports Sciences Canada

Dan Runcie

Bea Russell

Murray Russell

Dr. Matthew Ruston

Ms. Susan Rutherford

Dr. Rowena Ryan

Dr. William Salameh

Doug Salomon

Lara Samek

Mr. Ravi Samlal

Sukhleen Sandhu

Natalie Savoie

Dr. Thomas M. Sawa

Mr. Raymond Sawatsky

Mr. Paul Sawhney

Dr. Kevin Schade

Ms. Lynne Scherr

Ms. Beverley Schindel

Christine Schmidt

Ms. Colette Schmidt

Dr. Murray E. Schneider

Ms. Ursula Schumph

Dr. Brian D. Schut

Jerry Scott

Mrs. Patti Scott

Dr. Stacey Scott

Dr. Darren J. Scraper

Dr. Peter See

Dr. George Semerdjian

Ms. Raheela Shaikh

Mr. Jayanth Shankar

Ms. Frances Share

Ms. S. Donna Sharp

Halee Shaw

Nandini Shenoy

Dr. Bryan Sher

Dr. Edward Shin

Dr. Peter Shipka

Dr. Mark B. Shrott

Dr. Michael D. Sider

Dr. Ramandip (Roshni) K. Sidhu

Dr. Lisa Simpson McQuarrie

Ms. Audrey Sintis

Dr. Norman L. Skjonsberg

Edward Sklar

Dr. Paul Slaney

Dr. Christopher R. Small

Dr. Geoffrey Smith

Dr. Richard S. Smith

Mr. Robert Smith

Dr. William M. Smith

Dr. Laura Solway

Shawn Southern

Dr. Marissa R. Sparrow

Spectrum Health Centre

Lori Speiss

Dr. Ashton D. Spencer

Ms. Elizabeth Spoenlein

Mr. Mitchell Squarey

Dr. Alexander M. St. Pierre

Dr. William P. Stackhouse

Geraldine & Karl Stahm

Julie Stakes

Lindsay Stakes

Mr. Ron Stakes

Dr. David J. Starmer

Dr. Douglas C. Starodub

Dr. Igor Steiman

Kari Stenson

Dr. Kirsten M. Stevens

Dr. Scott E. Stevenson

Susan E. Stevenson

Dr. Gregory B. Stewart

Dr. Marshall D. Stewart

Dr. Michael A. Stochmal

Dr. Kailee Stock

Dr. Sarah Stock

Jessica Stockie

Dr. Beat O. Stoller

Mr. Brian Straus

Dr. Catherine M. Straus

Terry Straus

Dr. Kent J. Stuber

Student Canadian Chiropractic Association

Dr. Cynthia A. Styles

Dr. Nureen Sumar

Dr. Thomas S. Summers

Mr. W. Daniel Swift

Mr. Glenn Switzer

Dr. Mark A. Symchych

Dr. Patricia A. Tavares

Dr. John A. M. Taylor

Dr. Shane H. Taylor

Ms. Suzanne Teoli

Giuseppe Tersigni

Ms. Karen A. Tersigni

Ms. Katherine Tersigni

The Board of the Nova Scotia College of Chiropractors

The Co-operators Group Insurance

The Orthotic Group

Dr. Shawn Thistle

Dr. Richard R. Thompson

Dr. Anthony Tibbles

Dr. Filipe Tiburcio

Dr. Astrid Trim

Dr. Nick Tsaggarelis

Dr. Natalia Tukhareli

Ms. Vera Turner

Dr. Beverly A. Tyler

Dr. Paul D. Uchikata

Lorne Urbanoski

Dr. David A. Urness

Dr. Dwight M. Vallee

Dr. Teresa L. Van Bakel

Dr. Roland Vander Beek

Joe Vander Ploeg

Ratios and Composite Financial Index (CFI) 2018 - 2024

scale. In recent years CMCC has maintained a CFI score above two, and at 4.22 in 2024. A CFI score of between two and five indicates the institution should direct resources toward transformation, which is well aligned with CMCC’s renewed strategic goals.

CMCC’s financial stability is further illustrated through consistent growth in the Unrestricted General Fund; Internally Restricted Contingency Fund; and Endowment Fund between 2019-2024. The aforementioned funds support CMCC’s strategic initiatives (including: research and investments in equipment used for teaching/learning), unanticipated events and opportunities, as well as a source of funds to attract and retain top students in the Doctor of Chiropractic program of study.

CMCC’s commitment to allocate surplus operating resources to the General and Internally Restricted Contingency Funds enables the organization to take advantage of strategic investment opportunities, while also ensuring operational, reputational, and business risks associated with unanticipated activities/events can be appropriately managed. The Internally Restricted Contingency Fund grew to $10.1 million with a view to achieving the aspirational goal of the equivalent of a six-month operating reserve, while the General Fund was steady at $6.6 million at May 31, 2024.

CMCC’s priority to reduce reliance on tuition related sources of revenue continues to be challenged despite an improvement in recent years vs. 2021. These challenges include the

Fund Balances

$8,000 000

$7,000 000

$6,000 000

$5,000 000

$4,000 000

$3,000 000

$2,000 000

$1,000 000

Statement of Financial Position

Statement of Financial Position

May 31, 2024 with comparative information for 2023

May 31, 2024

investments, short term (note 3 & 9)

(note 2(a))

long term (note 3)

investments, long term (note 3 & 9)

(note 4)

Liabilities and Fund Balances

Curr ent liabilities:

payable and accrued liabilities (note 5) $

Fun d balances: G eneral and invested in capital assets funds

(note 8)

(note 7)

Restr icted funds Internally restricted contingency fund 10, 064, 783 8,305,114

restricted funds (see schedule A) 1,945,131 1,572,339

fund 5,350,488 4,842,777 Total restricted funds (note 9) 17, 360, 402 14,720,230 Total Fund Balances 38, 281, 622 35,840,657

Total Liabilities and Fund Balances $

See accompanying Notes to Financial Statements.

On behalf of the Board:

Schedule of Continuity of Restricted Funds

CANADIAN MEMORIAL CHIROPRACTIC COLLEGE

Statement of Operations and Changes in Fund Balances – Restricted Funds

Year ended May 31, 2024 with comparative information for 2023

Statement of Operations and Changes in Fund Balances – Restricted Funds

Year ended May 31, 2024 with comparative information for 2023

Schedule A - Externally Restricted Funds

Schedule A - Externally Restricted Funds

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