COX COLLEGE

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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

2015

Legal Domicile

Principal Officer

AMY DEMELO

Phone

4172693473

Tax Period

2020-10-01 to 2021-07-31

COX COLLEGE, founded in 2015, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2020. Revenue decreased 11% compared to the prior year. Expenses of $10.9M left a modest 10% surplus.

Mission

THE MISSION OF COX COLLEGE IS COMMITTED TO EXCELLENCE BY MEETING THE EDUCATIONAL NEEDS OF STUDENTS AND THE HEALTH CARE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $7,629,656 Revenue: $10,970,205

INSTRUCTION: EXPENSES WERE INCURRED TO PROVIDE ACADEMIC INSTRUCTION PROGRAMS, INCLUDING TUTORIAL AND PREPARATORY/REMEDIAL INSTRUCTION. FALL 2021 HAD SOLID ENROLLMENT OF 956 STUDENTS FROM 30 DIFFERENT STATES AND A TOTAL OF 10,046 CREDIT HOURS. AT GRADUATION, 86% OF OUR GRADUATES FOR 20-21 WERE EMPLOYED PART OR FULL TIME, CONTINUING THEIR EDUCATION, ENLISTED IN MILITARY, OR PERFORMING VOLUNTEER SERVICE.

Program 2

Expenses: $782,145 Revenue: $351,671

STUDENT SERVICES-EXPENSES INCURRED WERE FOR ADMISSIONS, REGISTRAR, FINANCIAL AID, AND OTHER SERVICES DESIGNED TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING, AND TO HIS/HER...

STUDENT SERVICES-EXPENSES INCURRED WERE FOR ADMISSIONS, REGISTRAR, FINANCIAL AID, AND OTHER SERVICES DESIGNED TO CONTRIBUTE TO THE STUDENT'S EMOTIONAL AND PHYSICAL WELL-BEING, AND TO HIS/HER INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT. 1ST TO 2ND YEAR RETENTION OF NEW STUDENTS CHANGED FROM 79.9% IN ACADEMIC YEAR 2019-2020 TO 70.4% IN ACADEMIC YEAR 2020-2021. THE PANDEMIC HAS HAD IMPACTS TO HIGHER EDUCATION ACROSS THE BOARD TO MANY COLLEGES, AS EVIDENCED BY THIS CHANGE.

Program 3

Expenses: $469,645

ACADEMIC SUPPORT: SUPPORT SERVICES EXPENSE FOR THE COLLEGE'S PRIMARY MISSION WHICH INCLUDES ACADEMIC ADMINISTRATION, SUPPORT PERSONNEL, AND ADVISING. ASR HAD A 95% PASS RATE ON THE ARRTRADIOGRAPHY...

ACADEMIC SUPPORT: SUPPORT SERVICES EXPENSE FOR THE COLLEGE'S PRIMARY MISSION WHICH INCLUDES ACADEMIC ADMINISTRATION, SUPPORT PERSONNEL, AND ADVISING. ASR HAD A 95% PASS RATE ON THE ARRTRADIOGRAPHY EXAM, MSN HAS A 91% PASS RATE ON THE AANP-FPN LICENSURE EXAM, AND MSOT HAD A 97% PASS RATE ON NBCOT OTR. ALSO, THE MOST RECENT GRADUATING CLASS NCLEX PASS RATE IS 85.25% FOR BSN.

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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 $708,403

Program Service Revenue $11,321,876

Investment Income $27,759

Other Revenue $6,745

TOTAL REVENUE $12,064,783

Expense Breakdown

Grants Paid $602,891

Salaries & Benefits $7,120,449

Fundraising Expenses $0

Program Expenses $8,929,122

Other Expenses $3,187,821

TOTAL EXPENSES $10,911,161

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,064,783	$13,611,996	-0.1%
Expenses	$10,911,161	$12,153,935	-0.1%
Net Income	$1,153,622	$1,458,061	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

132

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

$4,208,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE EDWARDS	COXHEALTH PRESIDENT AND CEO	1.0	Officer	$0	$319,700	$2,717,716
JACOB MCWAY	COXHEALTH CFO	1.0	Officer	$0	$206,555	$1,144,999
AMY DEMELO	PRESIDENT	40.0	Officer	$186,783	$14,595	$201,378
JAYNE BULLARD	VP OF BUSINESS AND FINANCE	40.0	Officer	$129,291	$15,577	$144,868
JACLYN CURNUTT	ASSISTANT PROFESSOR	40.0	Highest	$118,023	$21,686	$139,709
SONYA HAYTER	VP STUDENT AFFAIRS	40.0	Highest	$122,282	$15,354	$137,636
AMY TOWNSEND	VP STUDENT NURSING	40.0	Highest	$113,520	$16,904	$130,424
MICHELLE MASENGILL	CHAIR & ASSISTANT PROFESSOR	40.0	Highest	$102,485	$13,682	$116,167
AMY VAUGHAN	DEPARTMENT CHAIR & PROFESSOR	40.0	Highest	$101,472	$12,239	$113,711
DR ROBERT LUNN	CHAIR	1.0	Officer Director	$0	$0	$0
JANICE HARRIS	DIRECTOR	1.0	Director	$0	$0	$0
DR WILLIAM AGNEW	DIRECTOR	1.0	Director	$0	$0	$0
JULIE BIXLER	DIRECTOR	1.0	Director	$0	$0	$0
CHRIS COULTER	DIRECTOR	1.0	Director	$0	$0	$0
DR LOREN BROADDUS	DIRECTOR	1.0	Director	$0	$0	$0
AMANDA COX	SECRETARY	1.0	Officer Director	$0	$0	$0
NORMA CURRY	DIRECTOR	1.0	Director	$0	$0	$0
MARK HASELTINE	DIRECTOR	1.0	Director	$0	$0	$0
MERTIE JONES	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JULIA FLAX	DIRECTOR	1.0	Director	$0	$0	$0
STUART LIPSCOMB	DIRECTOR	1.0	Director	$0	$0	$0
DR MICHAEL MCCORCLE	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH MEYER	DIRECTOR	1.0	Director	$0	$0	$0
BRENT SINGLETON	DIRECTOR	1.0	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
2021	$12,064,783	$10,911,161	No data	$1,153,622
2020	$13,611,996	$12,153,935	$17,514,057	$1,458,061
2019	$13,109,148	$11,477,734	$15,758,900	$1,631,414
2018	$12,020,778	$10,454,645	$14,806,974	$1,566,133