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 Vulnerability Assessment (Tuckman-Chang)

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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

GRADUATE SCHOOL OF NURSING OFFERING COMMUNITY-BASED, DISTANCE EDUCATION PROGRAMS.

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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 $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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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
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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