TRINITY COLLEGE OF NURSING & HEALTH SCIENCES

EIN: 810994377 501(c)(3) Education

ROCK ISLAND, IL

Total Revenue
$2,308,536
Total Expenses
$3,599,437
Total Assets
$12,714,181
Net Assets
$11,495,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IL
Principal Officer
SHAWN MORROW
Phone
3097792200
Tax Period
2024-01-01 to 2024-12-31

TRINITY COLLEGE OF NURSING & HEALTH SCIENCES, founded in 2016, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 56% operating deficit.

Mission

TRINITY COLLEGE OF NURSING & HEALTH SCIENCES INCORPORATES INNOVATIVE TEACHING AND LEARNING STRATEGIES IN ORDER TO DEVELOP HEALTH CARE PROFESSIONALS WHO PROMOTE THE HEALTH OF INDIVIDUALS, FAMILIES, AND COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $2,196,456 Revenue: $1,643,486

EDUCATIONTRINITY COLLEGE OF NURSING & HEALTH SCIENCES IS AN ACCREDITED, PRIVATE, NON-PROFIT, MULTI-PURPOSE COLLEGE FOR NURSING, RADIOLOGY TECHNOLOGY AND OTHER HEALTH PROFESSIONS. THE COLLEGE'S LONG...

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EDUCATIONTRINITY COLLEGE OF NURSING & HEALTH SCIENCES IS AN ACCREDITED, PRIVATE, NON-PROFIT, MULTI-PURPOSE COLLEGE FOR NURSING, RADIOLOGY TECHNOLOGY AND OTHER HEALTH PROFESSIONS. THE COLLEGE'S LONG HISTORY OF INTEGRATION AND PASSION FOR COMMUNITY HEALTH CARE DEMONSTRATES ITS RESPONSIVENESS TO THE CHANGING HEALTH CARE NEEDS OF THE REGION. THE COLLEGE'S ORIGINS CAN BE TRACED BACK TO 1898 WHEN HEALTH CARE WAS MUCH DIFFERENT THAN IT IS TODAY. AS THE COLLEGE HAS GROWN OVER THE YEARS, IT HAS MAINTAINED INNOVATIVE TEACHING STRATEGIES USING CUTTING-EDGE TECHNOLOGIES TO PREPARE HEALTH CARE PROFESSIONALS FOR THE DYNAMIC HEALTH CARE ENVIRONMENT. TRINITY COLLEGE OF NURSING & HEALTH SCIENCES HAS SIX PROGRAMS: ASSOCIATE OF SCIENCE IN NURSING DEGREE, ASSOCIATE OF APPLIED SCIENCE IN RADIOGRAPHY DEGREE, BACHELOR OF SCIENCE IN HEALTH SCIENCES DEGREE, BACHELOR OF SCIENCE IN NURSING DEGREE, AND MASTER OF SCIENCE IN NURSING DEGREE.DURING 2024, TRINITY COLLEGE OF NURSING & HEALTH SCIENCES HAD A TOTAL OF 110 STUDENTS ENROLLED WITH THE BREAKDOWN AMONG PROGRAMS AS FOLLOWS: 36 ASSOCIATE OF APPLIED SCIENCE IN RADIOGRAPHY STUDENTS, 51 BACHELOR OF SCIENCE IN NURSING STUDENTS, 18 MASTER OF SCIENCE IN NURSING STUDENTS, 2 BACHELOR OF HEALTH SCIENCES, 3 BACHELOR MEDICAL LABORATORY SCIENCES . THE COLLEGE COMPLIES WITH THOSE LAWS WHICH FORBID DISCRIMINATION ON THE BASIS OF RACE, RELIGION, COLOR, SEX, MARITAL STATUS, AGE, NATIONAL ORIGIN, VETERAN STATUS, DISABILITIES, SEXUAL ORIENTATION, OR GENDER IDENTITY IN ADMINISTRATION OF ITS ADMISSIONS POLICIES, EDUCATIONAL POLICIES, SCHOLARSHIPS, AND OTHER PROGRAMS AND OPERATIONS. WE STRIVE TO MAINTAIN COMPLIANCE WITH THE FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT OF 1974, AS WELL AS THE DRUG-FREE WORKPLACE ACT OF 1988.

Program 2
Expenses: $242,474 Revenue: $0

SCHOLARSHIPSTRINITY COLLEGE OF NURSING & HEALTH SCIENCES PROVIDES SCHOLARSHIPS TO ITS STUDENTS BASED ON ACADEMIC, SOCIAL AND COMMUNITY SERVICE CRITERIA THAT ARE ESTABLISHED IN PART BY DONORS WHO...

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SCHOLARSHIPSTRINITY COLLEGE OF NURSING & HEALTH SCIENCES PROVIDES SCHOLARSHIPS TO ITS STUDENTS BASED ON ACADEMIC, SOCIAL AND COMMUNITY SERVICE CRITERIA THAT ARE ESTABLISHED IN PART BY DONORS WHO CONTRIBUTE FUNDS FOR THESE TYPES OF SCHOLARSHIPS. A SCHOLARSHIP COMMITTEE IS USED TO DETERMINE ELIGIBILITY AND RECOMMEND RECIPIENTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $378,645
Program Service Revenue $1,635,405
Investment Income $286,405
Other Revenue $8,081
TOTAL REVENUE $2,308,536

Expense Breakdown

Grants Paid $242,474
Salaries & Benefits $2,362,082
Fundraising Expenses $0
Program Expenses $2,438,930
Other Expenses $994,881
TOTAL EXPENSES $3,599,437

Year-over-Year Comparison

2024 2023 Change
Revenue $2,308,536 $2,987,260 -0.2%
Expenses $3,599,437 $3,691,733 0.0%
Net Income $-1,290,901 $-704,473 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
6
Employees
N/A
Volunteers
30

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
$2,152,052
Total Directors
9
$1,430,572
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN MORROW BOARD MEMBER/MARKET PRESIDENT 1.00
Officer Director
$0 $90,939 $564,929
TRACY POELVOORDE BOARD MEMBER/CHANCELLOR 40.00
Officer Director
$0 $38,125 $316,271
KARLA STEELE BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
HEIDI STORL BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL TRUE MD BOARD MEMBER 1.00
Director
$0 $0 $0
DAWN VANDE MOORTEL BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH WAYMACK BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW WYNN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KATHERINE PEARSON FR 424 BOARD MEMBER 1.00
Director
$0 $86,495 $549,372
DAVID DELITT FR 324 MARKET CFO 1.00
Officer
$0 $24,368 $353,888
KATHERINE MARCHIK TO 124 SR VP FINANCE/CFO 1.00
Officer
$0 $21,390 $916,964
ROBERT ERICKSON TO 823 FORMER PRESIDENT/CEO 0.00
$0 $11,024 $549,625
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
2024 $2,308,536 $3,599,437 $12,714,181 $-1,290,901
2023 $2,987,260 $3,691,733 $13,643,925 $-704,473
2022 $3,816,749 $3,615,918 $13,558,614 $200,831
2021 $5,565,694 $3,677,389 $13,235,713 $1,888,305
2020 $4,952,939 $3,419,762 $11,304,724 $1,533,177
2019 $4,708,318 $3,701,360 $9,604,667 $1,006,958
2018 $4,771,186 $3,718,011 $7,701,335 $1,053,175
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