Saint Lukes College of Health Scie… - Form 990 Financial Data

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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

2010

Legal Domicile

Phone

8169368700

Tax Period

2020-01-01 to 2020-12-31

Saint Lukes College of Health Sciences, founded in 2010, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 29% operating margin.

Mission

SAINT LUKE'S COLLEGE OF HEALTH SCIENCES IS AN EDUCATIONAL LEADER SERVING EXCEPTIONAL STUDENTS PURSUING UNDERGRADUATE AND GRADUATE DEGREES IN NURSING AND ALLIED HEALTH PROFESSIONS. AS AN INDEPENDENT INSTITUTION OF HIGHER EDUCATION CLOSELY AFFILIATED WITH SAINT LUKE'S HOSPITAL, THE COLLEGE SEEKS TO PREPARE HEALTH PROFESSIONS LEADERS TO EFFECTIVELY MEET THE HEALTHCARE NEEDS OF DIVERSE POPULATIONS IN COMPLEX ORGANIZATIONS AND IN A VARIETY OF SETTINGS. A BROAD BASE OF KNOWLEDGE DERIVED FROM GENERAL EDUCATION STUDIES IS INTEGRATED INTO EACH PROGRAM AS A FOUNDATION FOR PERSONAL GROWTH, PROFESSIONAL EDUCATION, AND PRACTICE. A STIMULATING ACADEMIC ENVIRONMENT FOCUSES ON DISCOVERY, SCHOLARSHIP AND PRACTICE TO ADDRESS SOCIETAL NEEDS FOR NURSING AND OTHER HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,909,206 Revenue: $3,421,129

SAINT LUKE'S COLLEGE OF HEALTH SCIENCES BEGAN IN 1887 WHEN SAINT LUKE'S HOSPITAL OPENED A SCHOOL FOR NURSES. THE SCHOOL WAS ESTABLISHED AS A DEPARTMENT WITHIN THE HOSPITAL IN 1903, AND IT EARNED...

SAINT LUKE'S COLLEGE OF HEALTH SCIENCES BEGAN IN 1887 WHEN SAINT LUKE'S HOSPITAL OPENED A SCHOOL FOR NURSES. THE SCHOOL WAS ESTABLISHED AS A DEPARTMENT WITHIN THE HOSPITAL IN 1903, AND IT EARNED ACCREDITATION AS A BACCALAUREATE DEGREE-GRANTING INSTITUTION IN 1995.IN 2010, SAINT LUKE'S COLLEGE BECAME A SEPARATE NOT-FOR-PROFIT CORPORATION WITH SAINT LUKE'S HOSPITAL OF KANSAS CITY BEING THE SOLE MEMBER. STUDENTS AT SAINT LUKE'S COLLEGE HAVE A VARIETY OF CLINICAL OPPORTUNITIES WITHIN SAINT LUKE'S HEALTH SYSTEM. Through May 2020, SAINT LUKE'S COLLEGE HAD BSN AND RN-BSN TRACKS IN ITS UNDERGRADUATE PROGRAM AND OFFERED A GRADUATE DEGREE AND CERTIFICATE IN ADULT-GERONTOLOGY ACUTE NURSE PRACTITIONER (AG-ACNP). THE COLLEGE WAS ACCREDITED BY THE HIGHER LEARNING COMMISSION (HLC) AND THE COMMISSION ON COLLEGIATE NURSING EDUCATION (CCNE) AND WAS FULLY APPROVED BY THE MISSOURI STATE BOARD OF NURSING. IN MAY 2020, SAINT LUKE'S COLLEGE SOLD ITS ASSETS AND TRANSFERRED OPERATIONS TO ROCKHURST UNIVERSITY, A 501C3 JESUIT COLLEGE. THE ENTITY ITSELF WAS DISSOLVED IN JANUARY 2021.

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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 (2020)

Revenue Breakdown

Contributions & Grants $34,589

Program Service Revenue $3,421,129

Investment Income $2,032,141

Other Revenue $0

TOTAL REVENUE $5,487,859

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $2,279,933

Fundraising Expenses $90,730

Program Expenses $2,909,206

Other Expenses $1,134,192

TOTAL EXPENSES $3,914,125

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,487,859	$10,109,135	-0.5%
Expenses	$3,914,125	$10,019,361	-0.6%
Net Income	$1,573,734	$89,774	+16.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

106

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

$2,465,047

Total Directors

$3,004,696

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR-TREASURER BEG 5/2020	1.0	Officer Director	$0	$99,424	$605,187
N/A	DIRECTOR-SECRETARY	1.0	Officer Director	$0	$69,725	$493,556
N/A	CENTRAL REGION CEO & DIR-PRES BEG 5/2020	5.0	Officer Director	$0	$123,138	$922,968
N/A	DIRECTOR-CHAIRMAN TERM END 5/2020	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$104,366	$585,421
N/A	DIRECTOR	1.0	Director	$0	$61,798	$397,564
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	PRESIDENT & CEO	40.0	Officer	$140,335	$19,839	$160,174
N/A	CFO	40.0	Officer	$46,527	$17,508	$221,230
N/A	DEAN OF NURSING	40.0	Officer	$57,042	$4,890	$61,932

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
2020	$5,487,859	$3,914,125	No data	$1,573,734
2019	$10,109,135	$10,019,361	$19,217,641	$89,774
2018	$9,430,617	$8,508,656	$18,110,998	$921,961

Saint Lukes College of Health Sciences