FRONTIER NURSING UNIVERSITY INC

EIN: 611124267 501(c)(3) Education

VERSAILLES, KY

Total Revenue
$46,948,261
Total Expenses
$42,914,028
Total Assets
$127,842,080
Net Assets
$100,559,539
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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
KY
Principal Officer
DR BROOKE FLINDERS
Phone
8592514700
Tax Period
2023-05-01 to 2024-04-30

FRONTIER NURSING UNIVERSITY INC, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $46.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $42.9M left a modest 9% surplus.

Mission

TO PROVIDE NURSE-MIDWIFERY AND NURSE PRACTITIONER EDUCATION THAT INTEGRATES THE PRINCIPLES OF DIVERSITY, EQUITY, AND INCLUSION. WE TRANSFORM HEALTHCARE BY PREPARING ETHICAL, COMPASSIONATE, INNOVATIVE, AND ENTREPRENEURIAL LEADERS TO WORK WITH ALL PEOPLE WITH AN EMPHASIS ON RURAL AND UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $25,588,962 Revenue: $44,506,827

FRONTIER NURSING UNIVERSITY (FNU) HAS BEEN PROVIDING QUALITY EDUCATION TO NURSES SEEKING ADVANCED DEGREES SINCE 1939. FNU OFFERS A HIGH-QUALITY EDUCATION THAT PREPARES NURSES TO BECOME COMPETENT...

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FRONTIER NURSING UNIVERSITY (FNU) HAS BEEN PROVIDING QUALITY EDUCATION TO NURSES SEEKING ADVANCED DEGREES SINCE 1939. FNU OFFERS A HIGH-QUALITY EDUCATION THAT PREPARES NURSES TO BECOME COMPETENT, ENTREPRENEURIAL, ETHICAL AND COMPASSIONATE NURSE-MIDWIVES AND NURSE PRACTITIONERS WHO WILL PROVIDE PRIMARY CARE FOR WOMEN AND FAMILIES RESIDING IN ALL AREAS, WITH A FOCUS ON RURAL AND MEDICALLY UNDERSERVED POPULATIONS. FNU FULFILLS OUR MISSION BY OPERATING ACCREDITED DISTANCE EDUCATION PROGRAMS, WHICH ALLOW NURSES FROM ACROSS THE NATION TO ACHIEVE THEIR HIGHER EDUCATION DREAMS WITHOUT LEAVING THEIR WORK OR HOME. THE PRIMARY TENET IS HEALTHCARE PROFESSIONALS WHO ARE EDUCATED IN THEIR COMMUNITIES WILL REMAIN TO SERVE THEIR HOME COMMUNITIES.(CONTINUED ON SCHEDULE O)FNU CURRENTLY OFFERS THE FOLLOWING PROGRAMS: - A POST-MASTERS DOCTOR OF NURSING PRACTICE (DNP) DEGREE FOR NURSE PRACTITIONERS AND NURSE-MIDWIVES. - A MASTER OF SCIENCE IN NURSING (MSN) + COMPANION DNP PROGRAM WITH FOUR TRACKS AS OPTIONS: NURSE-MIDWIFE, FAMILY NURSE PRACTITIONER, WOMEN'S HEALTH CARE NURSE PRACTITIONER, AND PSYCHIATRIC MENTAL HEALTH NURSE PRACTITIONER.SINCE ACHIEVING INSTITUTIONAL ACCREDITATION IN 2004, TOTAL ENROLLMENT HAS GROWN FROM 200 STUDENTS TO MORE THAN 2,400 STUDENTS. FRONTIER NURSING UNIVERSITY CONTINUES TO BE THE LEADING SCHOOL IN THE UNITED STATES FOR NURSE- MIDWIFERY EDUCATION, GRADUATING OVER ONE-THIRD OF NEW NURSE-MIDWIVES ANNUALLY. OUR OTHER PROGRAMS CONTINUE TO GROW AND WE HAVE A CADRE OF OVER 8,000 ALUMNI WHO ARE MAKING A DIFFERENCE AS PRIMARY CARE PROVIDERS DAILY IN THE LIVES OF COMMUNITIES NATIONWIDE, PARTICULARLY THOSE IN RURAL AND UNDERSERVED COMMUNITIES. FNU GRADUATES ARE PROVIDING PRIMARY HEALTHCARE TO RURAL AND UNDERSERVED FAMILIES IN EVERY STATE IN THE UNITED STATES AS WELL AS SEVERAL FOREIGN COUNTRIES. THE QUALITY AND ACADEMIC RIGOR OF A FRONTIER NURSING UNIVERSITY EDUCATION ARE EVIDENT IN THE CERTIFICATION PASS RATES OF OUR GRADUATES. CERTIFICATION RESULTS FROM 2021 REVEALED THAT PASS RATES OF THE GRADUATES OF THE FRONTIER FAMILY NURSE PRACTITIONER PROGRAM, NURSE-MIDWIFERY PROGRAM, WOMEN'S HEALTH CARE NURSE PRACTITIONER PROGRAM, AND PSYCHIATRIC-MENTAL HEALTH NURSE PRACTITIONER PROGRAM ALL EXCEEDED NATIONAL AVERAGES. IN ADDITION TO FNU'S FOCUS ON RURAL AND UNDERSERVED POPULATIONS, THE UNIVERSITY HAS MADE A COMMITMENT TO DIVERSITY AND INCLUSION IN NURSE-MIDWIFERY AND NURSE PRACTITIONER EDUCATION. THE GOAL IS TO DIVERSIFY THE HEALTH CARE WORKFORCE WHICH HAS BEEN SHOWN TO IMPROVE HEALTH CARE OUTCOMES. IN 10 YEARS, FNU'S STUDENT OF COLOR POPULATION HAS INCREASED FROM 9% TO 27.8%.FNU HAS ALSO HELD ANNUAL THREE-DAY DIVERSITY IMPACT STUDENT CONFERENCES SINCE THE PRIDE INITIATIVE BEGAN. THE PURPOSE OF THE DIVERSITY IMPACT CONFERENCE IS TO ENSURE THAT NURSE PRACTITIONERS AND NURSE-MIDWIVES UNDERSTAND THE CHALLENGES AND OPPORTUNITIES OFFERED BY DIVERSITY IN RURAL AND UNDERSERVED HEALTHCARE SYSTEMS. MOREOVER, DIVERSITY IMPACT ADVANCES SOLUTIONS TO THE DISPARITIES IN HEALTH CARE OUTCOMES. TO FURTHER DEMONSTRATE ITS ONGOING COMMITMENT TO DIVERSITY AND INCLUSION, FNU CREATED THE POSITION OF CHIEF DIVERSITY AND INCLUSION OFFICER (CDIO) IN 2017. THIS POSITION IS A MEMBER OF THE PRESIDENT'S CABINET AND IS LEADING NOT ONLY EFFORTS TO RECRUIT A DIVERSE STUDENT BODY, BUT ALSO TO ENSURE THAT THE INSTITUTION MAKES PROGRESS TOWARD THE GOAL OF BECOMING AN ANTI-RACIST UNIVERSITY INCLUDING CLIMATE SURVEYS, EDUCATION, AND POLICY INITIATIVES.

Program 2
Expenses: $3,701,147

ACADEMIC SUPPORT: FRONTIER NURSING UNIVERSITY TAKES A MULTI-LAYERED, COLLABORATIVE APPROACH TO ACADEMIC ADVISING. IN ADDITION TO THE FACULTY WHO ARE WITH STUDENTS EVERY STEP OF THE WAY IN THE...

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ACADEMIC SUPPORT: FRONTIER NURSING UNIVERSITY TAKES A MULTI-LAYERED, COLLABORATIVE APPROACH TO ACADEMIC ADVISING. IN ADDITION TO THE FACULTY WHO ARE WITH STUDENTS EVERY STEP OF THE WAY IN THE COURSEWORK, FNU ASSIGNS EACH STUDENT AN ACADEMIC ADVISOR AND A REGIONAL CLINICAL FACULTY MEMBER (RCF) TO PROVIDE SUPPORT AND DIRECTION FROM THE POINT OF ADMISSION UNTIL THE STUDENT FINISHES THEIR DEGREE.FRONTIER HAS A WIDE NETWORK OF STUDENT SUPPORT, BOTH INTERNALLY AND EXTERNALLY, WHICH COORDINATES TO ENSURE STUDENT SUCCESS. WHETHER STUDENTS ARE STILL IRONING OUT THEIR PROFESSIONAL GOALS, NEED ASSISTANCE LOCATING A PRECEPTOR FOR CLINICALS, OR WANT TO TALK TO(CONTINUED ON SCHEDULE O)SOMEONE ABOUT ADAPTING THEIR COURSE SCHEDULE, AN FNU FACULTY OR STAFF MEMBER IS NEVER FAR AWAY!

Program 3
Expenses: $4,691,172

STUDENT SERVICES AND RECRUITING EXPENSES: INCLUDES REGISTRAR, FINANCIAL AID ADMINISTRATION, AND ADMISSIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,147,221
Program Service Revenue $44,304,266
Investment Income $294,213
Other Revenue $202,561
TOTAL REVENUE $46,948,261

Expense Breakdown

Grants Paid $1,286,390
Salaries & Benefits $28,124,029
Fundraising Expenses $927,608
Program Expenses $33,981,281
Other Expenses $13,503,609
TOTAL EXPENSES $42,914,028

Year-over-Year Comparison

2023 2022 Change
Revenue $46,948,261 $41,554,362 +0.1%
Expenses $42,914,028 $40,416,955 +0.1%
Net Income $4,034,233 $1,137,407 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
275
Volunteers
16

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
6
$732,996
Total Directors
17
$0
Key Employees
1
$219,935
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR SUSAN STONE CHIEF EXECUTIVE OFFICER 40.00
Officer
$479,036 $59,464 $538,500
JOAN SLAGER DEAN 40.00
Key Emp
$176,096 $43,839 $219,935
EMILY FANGUE CHIEF FINANCIAL OFFICER 40.00
Officer
$145,506 $48,990 $194,496
SHELLEY ALDRIDGE CHIEF OPERATIONS OFFICER 40.00
Highest
$156,319 $49,625 $205,944
PAULA ALEXANDER DELPECH DEAN OF INCLUSIVE EXCELLENCE AND STUDENT SUCCESS 40.00
Highest
$162,625 $26,459 $189,084
HARRIET CHAPPELL CHAIR OF FAMILY NURSING 40.00
Highest
$142,204 $11,070 $153,274
MARC BLEVINS CHIEF INFORMATION AND DIGITAL OFFICER 40.00
Highest
$132,972 $19,578 $152,550
BOBBI SILVER CHIEF ADVANCEMENT OFFICER 40.00
Highest
$138,158 $8,665 $146,823
MICHAEL CARTER CHAIR AND BOARD MEMBER 1.00
Officer Director
$0 $0 $0
MIKE RUST VICE CHAIR AND BOARD MEMBE 1.00
Officer Director
$0 $0 $0
EMMA METCALF TREASURER AND BOARD MEMBER 1.00
Officer Director
$0 $0 $0
NANCY HINES SECRETARY AND BOARD MEMBER 1.00
Officer Director
$0 $0 $0
JEAN JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR PETER SCHWARTZ BOARD MEMBER 1.00
Director
$0 $0 $0
KERRI SCHUILING BOARD MEMBER 1.00
Director
$0 $0 $0
MAY WYKLE BOARD MEMBER 1.00
Director
$0 $0 $0
MARCUS OSBORNE BOARD MEMBER 1.00
Director
$0 $0 $0
CARLYLE CARTER BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA SMALL BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM CORLEY BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY RADERSTORF BOARD MEMBER 1.00
Director
$0 $0 $0
VERNELL DEWITTY BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNA SANTIESTEBAN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL STEINMETZ BOARD MEMBER 1.00
Director
$0 $0 $0
ELAINE BOLLE BOARD MEMBER 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 No data No data No data No data
2024 $46,948,261 $42,914,028 $127,842,080 $4,034,233
2023 $41,554,362 $40,416,955 $114,233,967 $1,137,407
2022 $45,162,209 $37,479,941 $112,117,883 $7,682,268
2021 $38,012,621 $35,602,054 $114,446,386 $2,410,567
2020 $39,224,301 $33,503,274 $93,559,330 $5,721,027
2019 $36,710,634 $30,750,314 $79,935,120 $5,960,320
2018 $32,766,209 $25,949,151 $63,868,805 $6,817,058
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