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)

4 risk indicators measuring financial stability and operational resilience

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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

PREPARING HEALTH CARE PROFESSIONALS FOR AN EVER-CHANGING GLOBAL COMMUNITY.

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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 (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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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

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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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