HIGHER EDUCATION SYSTEMS & SERVICES CONSORTIUM INC

EIN: 811539810 501(c)(3) Education

LEXINGTON, KY

Total Revenue
$238,829
Total Expenses
$223,367
Total Assets
$152,048
Net Assets
$152,048
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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
2023
Legal Domicile
KY
Principal Officer
PETER CHRISTENSEN
Phone
2702503926
Tax Period
2024-01-01 to 2024-12-31

HIGHER EDUCATION SYSTEMS & SERVICES CONSORTIUM INC, founded in 2023, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $223K left a modest 6% surplus.

Mission

COLLABORATE WITH OTHER NON-PROFIT INSTITUTIONS OF HIGHER EDUCATION IN AN EFFORT TO PARTNER WITH SAID INSTITUTIONS IN THE PURCHASE AND SHARING OF SYSTEMS AND SERVICES THAT ASSIST AND PROMOTE THEIR RESPECTIVE EDUCATIONAL MISSIONS.

Program Service Accomplishments

Program 1
Expenses: $213,199 Revenue: $238,829

A CONFERENCE WAS HELD WITH MEMBERS ATTENDING TO LEARN ABOUT COLLABORATION OPPORTUNITIES WITH HIGHER EDUCATION PARTNERS AND SYSTEMS.

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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 $0
Program Service Revenue $238,829
Investment Income $0
Other Revenue $0
TOTAL REVENUE $238,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $213,199
Other Expenses $223,367
TOTAL EXPENSES $223,367

Year-over-Year Comparison

2024 2023 Change
Revenue $238,829 $184,954 +0.3%
Expenses $223,367 $181,495 +0.2%
Net Income $15,462 $3,459 +3.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH FOWLKES EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $0 $0
PENNY EVANS-PLANTS BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
PETER CHRISTENSEN BOARD TREASURER 2.00
Officer Director
$0 $0 $0
PAUL DUPREE BOARD MEMBER 1.00
Director
$0 $0 $0
TROY THOMASON BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE PACIONE BOARD MEMBER 1.00
Director
$0 $0 $0
KENITRA HORSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
SPENCER GOLDEN BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA PIRET BOARD MEMBER 1.00
Director
$0 $0 $0
GENE SPENCER BOARD MEMBER 1.00
Director
$0 $0 $0
TREY ARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW MCKENNA BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
GWEN PECHAN BOARD CHAIR 3.00
Officer Director
$0 $0 $0
TOM KRUSE BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT HINSON 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
2024 $238,829 $223,367 $152,048 $15,462
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