CENTER FOR EXCELLENCE IN HIGHER EDUCATION INC

EIN: 208091013 501(c)(3) Education

SALT LAKE CITY, UT

Total Revenue
$6,004,027
Total Expenses
$84,380,859
Total Assets
$67,952,877
Net Assets
$45,914,907
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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
2006
Legal Domicile
DE
Principal Officer
ERIC JUHLIN
Phone
8013120078
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR EXCELLENCE IN HIGHER EDUCATION INC, founded in 2006, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $84.4M exceeded revenue, resulting in a 1305% operating deficit.

Mission

THE PRINCIPAL FUNCTION OF THE ORGANIZATION IS THE PRESENTATION OF FORMAL INSTRUCTION BY ITS REGULARLY MAINTAINED FACULTY AND CURRICULUM TO ITS REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ORDER FOR STUDENTS TO OBTAIN A DEGREE AND OBTAIN EMPLOYMENT.

Program Service Accomplishments

Program 1
Revenue: $1,356,115

THE ORGANIZATION MAKES DESIGNATED AND UNDESIGNATED GRANTS TO OTHER CHARITABLE ORGANIZATIONS. THE ORGANIZATION SUPPORTS OTHER INSTITUTIONS WHICH PROMOTE HIGHER EDUCATION AND ECONOMICS.

Program 2
Expenses: $463,529 Revenue: $4,636,058

THE ORGANIZATION OWNS AND OPERATES STEVENS-HENAGER COLLEGE, COLLEGEAMERICA ARIZONA, COLLEGEAMERICA DENVER, CALIFORNIA COLLEGE SAN DIEGO, INDEPENDENCE UNIVERSITY, (THE COLLEGES) AS NONPROFIT COLLEGES...

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THE ORGANIZATION OWNS AND OPERATES STEVENS-HENAGER COLLEGE, COLLEGEAMERICA ARIZONA, COLLEGEAMERICA DENVER, CALIFORNIA COLLEGE SAN DIEGO, INDEPENDENCE UNIVERSITY, (THE COLLEGES) AS NONPROFIT COLLEGES ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE PRINCIPAL FUNCTION OF THE ORGANIZATION IS THE PRESENTATION OF FORMAL INSTRUCTION BY ITS REGULARLY MAINTAINED FACULTY AND CURRICULUM TO ITS REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ORDER FOR STUDENTS TO OBTAIN A DEGREE AND OBTAIN EMPLOYMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $25,762
Investment Income $11,854
Other Revenue $5,966,411
TOTAL REVENUE $6,004,027

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $1,129,009
Fundraising Expenses $0
Program Expenses $463,529
Other Expenses $83,211,850
TOTAL EXPENSES $84,380,859

Year-over-Year Comparison

2023 2022 Change
Revenue $6,004,027 $13,607,820 -0.6%
Expenses $84,380,859 $6,123,727 +12.8%
Net Income $-78,376,832 $7,484,093 -11.5%
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

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Governance

Voting Members
5
Independent Members
2
Employees
24
Volunteers
N/A

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
1
$120,000
Total Directors
5
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL BARNEY DIRECTOR 10.00
Director
$0 $0 $0
ERIC JUHLIN CHAIRMAN, CEO AND TREASURER 10.00
Officer Director
$120,000 $0 $120,000
RAJSHREE AGARWALL DIRECTOR 1.00
Director
$0 $0 $0
C BRAD THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
CRAIG BIDDLE DIRECTOR 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 $6,004,027 $84,380,859 $67,952,877 $-78,376,832
2022 $13,607,820 $6,123,727 $148,219,174 $7,484,093
2021 $146,077,227 $172,232,046 $153,463,364 $-26,154,819
2020 $250,251,119 $256,150,383 $207,329,335 $-5,899,264
2019 $259,068,615 $251,100,077 $197,580,667 $7,968,538
2018 $209,639,537 $197,915,389 $256,103,555 $11,724,148
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