Patty Hanks Shelton School of Nursing (EIN 202173923) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

3257933803

Tax Period

2023-06-01 to 2024-05-31

Patty Hanks Shelton School of Nursing, founded in 2003, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 21% operating deficit.

Mission

To educate baccalaureate and advanced practice nurses for Christian service and leadership.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,688

Program Service Revenue $1,772,591

Investment Income $85,524

Other Revenue $20,612

TOTAL REVENUE $1,892,415

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,616,374

Fundraising Expenses $0

Program Expenses $1,807,701

Other Expenses $676,231

TOTAL EXPENSES $2,294,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,892,415	$2,300,845	-0.2%
Expenses	$2,294,605	$2,582,810	-0.1%
Net Income	$-402,190	$-281,965	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairwoman	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,892,415	$2,294,605	$2,559,932	$-402,190
2023	$2,300,845	$2,582,810	$3,155,074	$-281,965
2022	$2,472,200	$2,408,781	$3,428,056	$63,419
2021	$2,475,537	$2,500,734	$4,243,726	$-25,197
2020	$2,344,828	$4,379,005	$3,117,997	$-2,034,177
2019	$2,299,242	$2,877,910	$5,223,556	$-578,668
2018	$2,013,697	$2,673,398	$6,603,348	$-659,701

Patty Hanks Shelton School of Nursing