St Catharine College Inc

Nonprofit profile at a glance

EIN
610846809
IRS 990 coverage
2009–2014
Forms available
Form 990 2014
Location
St Catharine, KY, USA
Phone
8593365082
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$15,765,579
Expenses
$19,724,136
Assets
$41,859,766
Liabilities
$29,939,298

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • WILLIAM HUSTON PART OF YEAR (PRESIDENT)
  • CINDY GNADINGER PART OF YEAR (PRESIDENT)
  • LYEN CREWS (VICE PRESIDENT OF FINANCE AND ADMINISTRATION)
  • JEREMY PITTMAN (VICE PRESIDENT OF FINANCIAL AID AND ENROLLMENT)
  • KRISTEN BENNETT (VICE PRESIDENT OF ADVANCEMENT)
  • LAURA PANTANO (VICE PRESIDENT FOR STUDENT AFFAIRS)

Highest reported compensation

  • WILLIAM HUSTON PART OF YEAR (PRESIDENT): $83,581 total reported compensation
  • CINDY GNADINGER PART OF YEAR (PRESIDENT): $65,000 total reported compensation
  • JEREMY PITTMAN (VICE PRESIDENT OF FINANCIAL AID AND ENROLLMENT): $10,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Higher education of men & women

What it reported doing in 2014

St. Catharine college is an accredited four year college with enrollment of full-time students of approximately 500 students per semester.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 94
  • Accountability: 83
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 71.7%; rating input score 72
  • Fundraising efficiency: $9.28 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 89.3%; rating input score 89; 24th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -25.1%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 2.12; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.72; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 2.8% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 71.7% of spending went to programs
  • Governance: 25 of 28 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $14.1M in reported program spending
  • Leadership: top reported pay $84K · 36 people listed
  • Highest-paid contractors: 2 contractors listed · $417K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2009 to 2014
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.