Simmons College of Kentucky Inc

EIN: 205289168 501(c)(3) Education

Louisville, KY

Total Revenue
$12,143,735
Total Expenses
$12,539,325
Total Assets
$17,194,105
Net Assets
$14,359,519
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
KY
Principal Officer
Dr Frank M Smith Jr
Phone
5027761443
Tax Period
2022-07-01 to 2023-06-30

Simmons College of Kentucky Inc, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $12.1M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

Simmons College of Kentucky is an institution of biblical higher education dedicated to educating people in the urban context through strong academic and professional programs in order that they may become productive citizens and agents of change in society.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,216,140
Program Service Revenue $3,599,212
Investment Income $4,984
Other Revenue $323,399
TOTAL REVENUE $12,143,735

Expense Breakdown

Grants Paid $2,042,851
Salaries & Benefits $6,191,039
Fundraising Expenses $223,832
Program Expenses $8,337,763
Other Expenses $4,305,435
TOTAL EXPENSES $12,539,325

Year-over-Year Comparison

2022 2021 Change
Revenue $12,143,735 $14,241,631 -0.1%
Expenses $12,539,325 $9,219,352 +0.4%
Net Income $-395,590 $5,022,279 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
23
Independent Members
23
Employees
154
Volunteers
30

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
9
$354,799
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Cosby President 40.00
Officer
$150,000 $0 $150,000
Dr Frank Smith COO 40.00
Officer
$82,132 $0 $82,132
Glenn G Davis VP of Development 40.00
Officer
$81,000 $0 $81,000
Barbara Young Provost 40.00
Officer
$41,667 $0 $41,667
Alfonso Cornish Vice Chair 2.00
Officer Director
$0 $0 $0
Alice Houston Trustee 1.00
Director
$0 $0 $0
Dr Alma J Pittman Vice Chair 2.00
Officer Director
$0 $0 $0
Barbara Sexton Smith Trustee 1.00
Director
$0 $0 $0
Dr Brandon Dumas Trustee 1.00
Director
$0 $0 $0
Bruce Blue Trustee 1.00
Director
$0 $0 $0
Christina Lucas Trustee 1.00
Director
$0 $0 $0
Rev D Corrie Shull Secretary 2.00
Officer Director
$0 $0 $0
Rev Delbert Brown Trustee 1.00
Director
$0 $0 $0
Rev Dr F Bruce Williams Trustee 1.00
Director
$0 $0 $0
Rev Dr Joel Taylor Trustee 1.00
Director
$0 $0 $0
John W Houghtaling II Trustee 1.00
Director
$0 $0 $0
Rev Keith Tyler Trustee 1.00
Director
$0 $0 $0
Marcia Johnson Trustee 1.00
Director
$0 $0 $0
Phillip Bond Treasurer 2.00
Officer Director
$0 $0 $0
Rev Dr Samuel C Tolbert Jr Chairman 2.00
Officer Director
$0 $0 $0
Dr S C Dixon Trustee 1.00
Director
$0 $0 $0
Susan Collins Trustee 1.00
Director
$0 $0 $0
Ursula Parrish Daniels Trustee 1.00
Director
$0 $0 $0
Dr Walter Malone Jr Trustee 1.00
Director
$0 $0 $0
Honorary Rev Louis Newby Trustee 0.00
Director
$0 $0 $0
Dwight Haygood Trustee 1.00
Director
$0 $0 $0
Michael Rice Trustee 1.00
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 No data No data No data No data
2023 $12,143,735 $12,539,325 $17,194,105 $-395,590
2022 $14,241,631 $9,219,352 $17,571,564 $5,022,279
2021 $8,273,027 $4,608,874 $11,109,137 $3,664,153
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Simmons College of Kentucky Inc with other nonprofits in Kentucky and across the country.