CENTRAL SCHOOL OF PRACTICAL NURSING INC

EIN: 340873175 501(c)(3) Education

INDEPENDENCE, OH

Total Revenue
$2,445,155
Total Expenses
$2,312,375
Total Assets
$1,258,077
Net Assets
$427,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
OH
Principal Officer
BETHANY FRIEDLANDER
Phone
2163918434
Tax Period
2024-07-01 to 2025-06-30

CENTRAL SCHOOL OF PRACTICAL NURSING INC, founded in 1937, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 5% surplus.

Mission

THE MISSION OF CENTRAL SCHOOL OF PRACTICAL NURSING IS TO EDUCATE A DIVERSE GROUP OF ADULT LEARNERS FROM CLEVELAND AND ITS SURROUNDING AREAS IN THE FIELD OF PRACTICAL NURSING, THEREBY INCREASING THE CAPACITY OF CLEVELAND'S HEALTHCARE WORKFORCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,441,087
Program Service Revenue $1,003,935
Investment Income $0
Other Revenue $133
TOTAL REVENUE $2,445,155

Expense Breakdown

Grants Paid $483,147
Salaries & Benefits $1,143,812
Fundraising Expenses $0
Program Expenses $1,944,811
Other Expenses $685,416
TOTAL EXPENSES $2,312,375

Year-over-Year Comparison

2024 2023 Change
Revenue $2,445,155 $1,213,494 +1.0%
Expenses $2,312,375 $1,036,759 +1.2%
Net Income $132,780 $176,735 -0.2%
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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Governance

Voting Members
8
Independent Members
8
Employees
28
Volunteers
42

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
7
$480,516
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANDLER H EVERETT CHAIR 5.00
Officer Director
$0 $0 $0
REBECCA B BENDLAK SECRETARY 5.00
Officer Director
$0 $0 $0
DEB FERENC TRUSTEES 5.00
Director
$0 $0 $0
SEANA RUTHERFORD TRUSTEES 5.00
Director
$0 $0 $0
SHARELL THAXTON TRUSTEES 5.00
Director
$0 $0 $0
JASON DRAKE TRUSTEES 5.00
Director
$0 $0 $0
LYDIA PITTS TRUSTEES 5.00
Director
$0 $0 $0
ADRIANNE SHADD TRUSTEES 5.00
Director
$0 $0 $0
BETHANY FRIEDLANDER PRESIDENT/CEO 15.00
Officer
$0 $24,496 $194,828
ARMAN OCHOA COO/CFO 5.00
Officer
$0 $15,075 $132,082
TOM VICKROY CFO/DIRECTOR OF FINANCIAL AID 40.00
Officer
$100,154 $760 $100,914
ANNE KOLENIC PROGRAM ADMINISTRATOR 40.00
Officer
$36,346 $0 $36,346
TOMISHA BETHUNE PROGRAM ADMINISTRATOR (LEFT 2/2024) 40.00
Officer
$16,346 $0 $16,346
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 $2,445,155 $2,312,375 $1,258,077 $132,780
2024 No data No data No data No data
2023 $2,410,533 $2,249,277 $1,208,254 $161,256
2022 $2,803,915 $2,110,184 $1,128,664 $693,731
2021 $1,550,749 $2,121,632 $251,504 $-570,883
2020 $1,884,920 $2,257,197 $610,119 $-372,277
2019 $2,070,361 $2,099,014 $529,023 $-28,653
2018 $1,950,486 $2,088,556 $665,060 $-138,070
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