Cox College
Nonprofit profile at a glance
- EIN
- 475148345
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020
- Location
- Springfield, MO, USA
- Phone
- 4172693473
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Undergraduate College (4-year)
Reported finances
- Revenue
- $12,064,783
- Expenses
- $10,911,161
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- STEVE EDWARDS (COXHEALTH PRESIDENT AND CEO)
- AMY DEMELO (PRESIDENT)
Highest reported compensation
- STEVE EDWARDS (COXHEALTH PRESIDENT AND CEO): $2,717,716 total reported compensation
- JACOB MCWAY (COXHEALTH CFO): $1,144,999 total reported compensation
- AMY DEMELO (PRESIDENT): $201,378 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of cox college is committed to excellence by meeting the educational needs of students and the health care community.
What it reported doing in 2020
Student services-expenses incurred were for admissions, registrar, financial aid, and other services designed to contribute to the student's emotional and physical well-being, and to his/her intellectual, cultural, and social development. 1st to 2nd year retention of new students changed from 79.9% in academic year 2019-2020 to 70.4% in academic year 2020-2021. The pandemic has had impacts to higher education across the board to many colleges, as evidenced by this change.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 71
- Accountability: 96
- Sustainability: 27
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.9%; rating input score 74
- Program expense ratio: 81.8%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 93.3%; rating input score 93; 27th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.6%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 13.8%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 48th percentile among comparable filings
- Asset growth: -9.4% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 73.9% of revenue deployed · 81.8% of spending went to programs
- Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $8.9M in reported program spending
- Leadership: top reported pay $2.7M · 24 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 6 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 18 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Sustainability: Operating margin scored 54/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.