Valley Grande Institute for Academic Studies Inc

Nonprofit profile at a glance

EIN
752684723
IRS 990 coverage
2017–2022
Forms available
Form 990 2022
Location
Weslaco, TX, USA
Phone
9569731945
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Reported finances

Revenue
$3,712,235
Expenses
$3,863,719
Assets
$6,678,464
Liabilities
$2,531,609

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ANABELL CARDONA (PRESIDENT)

Highest reported compensation

  • ANABELL CARDONA (PRESIDENT): $148,346 total reported compensation
  • MARICARMEN CANTU (TREASURER): $142,801 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The school's mission is to provide instruction in the field of nursing and health care related occupations leading to graduation and employment

What it reported doing in 2022

The school's primary purpose is to provide educational instruction to students in the field of nursing and health care related fields. The school is a nursing college operating under authority granted by Texas higher education coordination board. The school's primary activities include (1) classroom instruction, (2) developing student nursing skills through laboratory practice, (3) clinical rotations designed to further develop student nusring skills, and, (4) other activities designed to enhance the educational pursuits of the students.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 90
  • Accountability: 52
  • Sustainability: 35
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.5%; rating input score 45
  • Program expense ratio: 43.7%; rating input score 44
  • Fundraising efficiency: $1.62 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 33.3%; rating input score 33; 7th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.1%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 1.73; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: -8.5% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -4.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 7.2% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 45.5% of revenue deployed · 43.7% of spending went to programs
  • Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $148K · 3 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes related organizations
  • Filing history: 6 filing years from 2017 to 2022
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Mission deployment rate scored 45/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 23/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.