VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES INC

EIN: 752684723 501(c)(3) Education

WESLACO, TX

Total Revenue
$3,712,235
Total Expenses
$3,863,719
Total Assets
$6,678,464
Net Assets
$4,146,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
TX
Principal Officer
ANABELL CARDONA
Phone
9569731945
Tax Period
2022-01-01 to 2022-12-31

VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES INC, founded in 1997, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2022.

Mission

THE SCHOOL'S MISSION IS TO PROVIDE INSTRUCTION IN THE FIELD OF NURSING AND HEALTH CARE RELATED OCCUPATIONS LEADING TO GRADUATION AND EMPLOYMENT

Program Service Accomplishments

Program 1
Expenses: $1,688,822 Revenue: $3,186,657

THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS IN THE FIELD OF NURSING AND HEALTH CARE RELATED FIELDS. THE SCHOOL IS A NURSING COLLEGE OPERATING UNDER AUTHORITY...

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THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS IN THE FIELD OF NURSING AND HEALTH CARE RELATED FIELDS. THE SCHOOL IS A NURSING COLLEGE OPERATING UNDER AUTHORITY GRANTED BY TEXAS HIGHER EDUCATION COORDINATION BOARD. THE SCHOOL'S PRIMARY ACTIVITIES INCLUDE (1) CLASSROOM INSTRUCTION, (2) DEVELOPING STUDENT NURSING SKILLS THROUGH LABORATORY PRACTICE, (3) CLINICAL ROTATIONS DESIGNED TO FURTHER DEVELOP STUDENT NUSRING SKILLS, AND, (4) OTHER ACTIVITIES DESIGNED TO ENHANCE THE EDUCATIONAL PURSUITS OF THE STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $525,578
Program Service Revenue $3,186,657
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,712,235

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,600,243
Fundraising Expenses $324,911
Program Expenses $1,688,822
Other Expenses $2,263,476
TOTAL EXPENSES $3,863,719

Year-over-Year Comparison

2022 2021 Change
Revenue $3,712,235 $3,497,097 +0.1%
Expenses $3,863,719 $2,932,794 +0.3%
Net Income $-151,484 $564,303 -1.3%
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
3
Independent Members
1
Employees
46
Volunteers
N/A

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
3
$291,147
Total Directors
3
$291,147
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANABELL CARDONA PRESIDENT 40.00
Officer Director
$145,550 $2,796 $148,346
MARICARMEN CANTU TREASURER 40.00
Officer Director
$140,005 $2,796 $142,801
ALICIA RODRIGUEZ SECRETARY 2.00
Officer 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
2022 $3,712,235 $3,863,719 $6,678,464 $-151,484
2021 $3,497,097 $2,932,794 $6,074,695 $564,303
2020 $3,194,661 $2,695,913 $4,975,973 $498,748
2020 $3,194,661 $2,887,510 $4,784,376 $307,151
2019 $4,210,214 $3,775,973 $4,655,361 $434,241
2018 $3,450,049 $3,819,928 $4,407,802 $-369,879
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