Simmons College of Kentucky Inc

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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

2005

Legal Domicile

Principal Officer

Dr Frank M Smith Jr

Phone

5027761443

Tax Period

2024-07-01 to 2025-06-30

Simmons College of Kentucky Inc, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $20.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 20% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $5,048,940

Academic Affairs - Instruction and course offerings in five baccalaureate majors: Business, Sociology, Communications, Music, and Religious Studies, along with two Associate Degree Programs: general studies and religious studies. Includes academic support services such as library, faculty development, technology, and tutoring.

Program 2

Expenses: $4,063,474 Revenue: $11,693

Student Affairs: The College provides multiple support services for enrolled students, including counseling, coaching, and advising to promote student persistence and achievement in their educational goals student activities to promote engagement with the college community, including athletics programs, marching band, student government, and co-curricular activities, as well as career development services.

Program 3

Expenses: $904,751 Revenue: $7,657,346

Enrollment Management: Includes admissions, registrar functions, student success coaching, financial aid and scholarship programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,776,475

Program Service Revenue $7,657,346

Investment Income $33,579

Other Revenue $465,130

TOTAL REVENUE $20,932,530

Expense Breakdown

Grants Paid $658,758

Salaries & Benefits $9,384,512

Fundraising Expenses $90,364

Program Expenses $10,017,165

Other Expenses $6,729,451

TOTAL EXPENSES $16,772,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,932,530	$17,271,781	+0.2%
Expenses	$16,772,721	$15,430,416	+0.1%
Net Income	$4,159,809	$1,841,365	+1.3%

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

249

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

$143,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick W Smith Jr	VP-Inst Ad & Admin	40.00		$160,000	$0	$160,000
Javan D Reed	VP Academ Affairs	40.00		$152,504	$0	$152,504
Kevin Cosby	President	40.00	Officer	$143,750	$0	$143,750
Myra Rock	Chief of Staff	40.00		$120,834	$0	$120,834
Dr Samantha O Betton	Assoc. VP Acad Aff	40.00		$120,000	$0	$120,000
Dr Alma J Pittman	Vice Chair	2.00	Officer Director	$0	$0	$0
Dr Brandon Dumas	Trustee	1.00	Director	$0	$0	$0
Bruce Blue	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
Rev Keith Tyler	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
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
Michael Rice	Trustee	1.00	Director	$0	$0	$0
Veronica Buckner	Trustee	1.00	Director	$0	$0	$0
Derrie L Grant Jr	Trustee	1.00	Director	$0	$0	$0
Dr Daryl L Horton	Trustee	1.00	Director	$0	$0	$0
Rev Eric Vickers	Trustee	1.00	Director	$0	$0	$0
Dr DL Wallace	Trustee	1.00	Director	$0	$0	$0
Dr Frances Craig Worthey	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
2025	$20,932,530	$16,772,721	$28,993,232	$4,159,809
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