PAUL QUINN 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

1872

Legal Domicile

Principal Officer

Kizuwanda G Grant

Phone

2143795522

Tax Period

2023-07-01 to 2024-06-30

PAUL QUINN COLLEGE, founded in 1872, is a mid-sized nonprofit in the Education sector that reported $43.5M in total revenue in fiscal year 2023. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25.4M, a strong 58% operating margin.

Mission

The Mision of Paul Quinn College is to provide a quality , faith based education that addresses the academic, social and christian development of students and faith based education that addresses the academic, social, and Christian development of students and prepares them to be servant leaders and agents of change in their communities.

Program Service Accomplishments

Program 1

Expenses: $2,530,753 Revenue: $0

Instructional Services - This program service or function includes expenses for formally organized and/ or separate budgeted instructional activities that are carried out during the academic year and offered for credit as part of a formal post-secondary education degree or certificate program.

Program 2

Expenses: $3,637,288 Revenue: $0

Academic Support. This program service function includes those funds expended primarily to provide support services for the institutions primary mission: instruction , research, and public service.

Program 3

Expenses: $2,530,393 Revenue: $0

Institutional Support- This program service or function include expenditures that provide activities whose purpose is general operational support of the institution.

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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 (2023)

Revenue Breakdown

Contributions & Grants $27,535,335

Program Service Revenue $8,922,378

Investment Income $1,043,422

Other Revenue $6,033,946

TOTAL REVENUE $43,535,081

Expense Breakdown

Grants Paid $1,231,544

Salaries & Benefits $7,644,383

Fundraising Expenses $0

Program Expenses $14,953,016

Other Expenses $9,227,989

TOTAL EXPENSES $18,103,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,535,081	$16,866,853	+1.6%
Expenses	$18,103,916	$17,340,265	+0.0%
Net Income	$25,431,165	$-473,412	-54.7%

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

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

$450,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SORRELL	PRESIDENT	40.00	Officer Highest	$450,000	$0	$450,000
Bishop Ronnie Eliijah Brailsford Sr	Executive Committee Chair	1.00	Director	$0	$0	$0
Don JClevenger Esq	Vice Chairman	1.00	Director	$0	$0	$0
Cherry Bogess	Trustee	1.00	Director	$0	$0	$0
William Brewer	TRUSTEE	1.00	Director	$0	$0	$0
Bess Carpenter Dunner	TRUSTEE	1.00	Director	$0	$0	$0
Sharyn D Ellison	TRUSTEE	1.00	Director	$0	$0	$0
Tamara Fields	TRUSTEE	1.00	Director	$0	$0	$0
Mary beth Gasman	TRUSTEE	1.00	Director	$0	$0	$0
Rev Dr Frederick D Haynes III	TRUSTEE	1.00	Director	$0	$0	$0
Matthew Hildreth	TRUSTEE	1.00	Director	$0	$0	$0
Pastor Dwayne Hysmith Sr	Trustee	1.00	Director	$0	$0	$0
Rev George Johnson Jr	Trustee	1.00	Director	$0	$0	$0
Tanya E Sanders	Trustee	1.00	Director	$0	$0	$0
Edwin Smith	Trustee	1.00	Director	$0	$0	$0
David Stephens	Trustee	1.00	Director	$0	$0	$0
Rev Dr Juan N Tolliver	Trustee	1.00	Director	$0	$0	$0
Hiawatha Williams	Trustee	1.00	Director	$0	$0	$0
Rev Dr Mark Washington	Trustee	1.00	Director	$0	$0	$0
Ramona Suggs-Winrow	Trustee	1.00	Director	$0	$0	$0
Grant Kizuwanda	VP of Institutional Programs	40.00	Highest	$210,000	$0	$210,000
Lola Esmieu	Chief of Staff	40.00	Highest	$155,000	$0	$155,000
Fernando Marino	Director of IT	40.00	Highest	$159,999	$0	$159,999
Brian Evans	Vice President of Athletics	40.00	Highest	$150,000	$0	$150,000
William Earl	Trustee	1.00	Highest	$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	$43,535,081	$18,103,916	$63,242,944	$25,431,165
2023	$16,866,853	$17,340,265	$44,536,832	$-473,412
2022	$19,797,765	$18,365,871	$43,356,937	$1,431,894
2021	$22,450,482	$17,400,585	$41,326,264	$5,049,897
2020	$13,905,480	$13,712,787	$35,201,043	$192,693
2019	$17,031,975	$16,135,208	$40,160,900	$896,767
2018	$10,363,478	$11,409,693	$27,297,800	$-1,046,215