2026-04-21T09:32:58-05:00 2025-05-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-06-01 922192433 FRANCISCAN SERVICES INC FRAN 7166497900 5200 SOUTH PARK AVENUE HAMBURG NY 14075 JEFFREY PAPIA BOARD CHAIR 7166497900 2026-04-21 1 1 LAURA J KENNEY P00202198 6177170831 2026-04-15 2024 2025-03-06 01:10:19Z MICHAEL CORNELL 5200 SOUTH PARK AVENUE HAMBURG NY 14075 30814860 0 X N/A X 2023 NY TO SUPPORT HILBERT COLLEGE IN FURTHERING ITS EDUCATIONAL MISSION. 9 8 322 8 0 0 0 0 25977050 25463586 39534 86445 1475057 1984794 27491641 27534825 680133 871073 0 0 12336322 12563091 0 0 0 15257420 11400168 28273875 24834332 -782234 2700493 21911443 20653315 23195027 19236406 -1283584 1416909 X TO SUPPORT HILBERT COLLEGE, A NEW YORK CHARTERED HIGHER EDUCATIONAL ORGANIZATION RECOGNIZED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED FROM TIME TO TIME OR CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL TAX LAWS (THE "CODE") IN FURTHERING ITS EDUCATIONAL MISSION AND TO CONDUCT ANY OTHER ACTIVITIES AS SHALL BE APPROPRIATE IN CONNECTION WITH THE FOREGOING AND AS ARE LAWFUL FOR CHARITABLE NOT-FOR-PROFIT CORPORATIONS. 0 0 14545663 871073 25463586 THROUGH ITS DISREGARDED ENTITY, VALLEY COLLEGE, THE ORGANIZATION'S 14 POSTSECONDARY EDUCATION PROGRAMS PROVIDE TRAINING IN BUSINESS AND MEDICAL CAREERS AT ITS CAMPUSES LOCATED IN MARTINSBURG AND BECKLEY, WEST VIRGINIA, AND CLEVELAND AND FAIRLAWN, OHIO. 14545663 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 69 0 1 322 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 1 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 X LISA RESSMAN 7166497900 5200 SOUTH PARK AVENUE HAMBURG NY 14075 MICHAEL BROPHY CEO 1.00 40.00 X X 0 280899 136468 MICHAEL GRAHAM VALLEY COLLEGE PRESIDENT 40.00 0.00 X 245954 0 17274 LYNN MIZANIN VALLEY EXEC VP OF OPERATIONS 40.00 0.00 X 174991 0 26495 MATTHEW JENKINS VALLEY VICE PRESIDENT 40.00 0.00 X 150107 0 15582 ELAINE GARDNER VALLEY VP COMPLIANCE, CAREER SVCS & REG 40.00 0.00 X 146646 0 18056 SASHA PEARRELL VALLEY DIR OF BUSINESS OFFICE 40.00 0.00 X 132705 0 16134 EVE SCHAMING VALLEY - DVM INSTRUCTOR 40.00 0.00 X 138193 0 10572 SHELLY SMITH VALLEY - INTERIM PROVOST 40.00 0.00 X 128768 0 14333 JUNYANEE GRIFFIN VALLEY - PROGRAM ADMIN 40.00 0.00 X 129132 0 12385 RYAN CASTER CFO 10.00 0.00 X X 0 0 0 JEFFEY PAPIA CHAIR 1.00 0.00 X X 0 0 0 LAURIE CARRA TRUSTEE 1.00 2.00 X 0 0 0 JOHN CIMINELLI TRUSTEE 1.00 0.00 X 0 0 0 JONATHAN HULBERT TRUSTEE 1.00 0.00 X 0 0 0 JIM IGLEWSKI TRUSTEE 1.00 0.00 X 0 0 0 LISA RESSMAN TRUSTEE 1.00 0.00 X 0 0 0 MICHELLE SULLIVAN TRUSTEE 1.00 1.00 X 0 0 0 BROOKE TOMPKINS TRUSTEE 1.00 0.00 X 0 0 0 1246496 280899 267299 11 0 1 0 ELLUCIAN COMPANY LLC 4 COUNTRY VIEW ROAD MALVERN PA 19355 INFORMATION TECHNOLOGY 1200000 FREED MAXICK 424 MAIN STREET BUFFALO NY 14202 ACCOUNTING SERVICES 305965 TPDK HOLDINGS LLC 20423 STATE ROAD 7 BOCA RATON FL 33498 FINANCIAL SERVICES 114447 EDUCOMPLIANCE STRATEGIES LLC 5031 N 36TH STREET HOLLYWOOD FL 33021 COMPLIANCE SERVICES 110000 4 TUITION AND FEES 611600 25463586 25463586 25463586 25269 25269 94600 33424 61176 61176 61176 3879426 3246611 632815 632815 REIMBURSEMENTS 900099 1200926 1200926 SHARED SERVICES REVENUE 900099 144309 144309 MISCELLANEOUS REVENUE 900099 6744 6744 1351979 27534825 25463586 0 2071239 871073 871073 613154 613154 10362836 5921970 4440866 707429 381685 325744 879672 474617 405055 152425 121940 30485 707585 566068 141517 1427999 508605 919394 2032760 1626208 406552 183994 147195 36799 75388 60310 15078 1432115 1145692 286423 92815 11495 81320 34750 716 34034 670480 670480 1574589 1574589 CREDIT LOSS 1479372 1479372 OTHER EXPENSES 1109273 887419 221854 TAXES 330109 264087 66022 MEMBERSHIPS 64371 51497 12874 32143 25714 6429 24834332 14545663 10288669 0 3180013 2479435 1941519 2349559 2646749 187117 475349 166525 1918811 770086 1411962 1148725 10321500 9174665 4173060 2908580 21911443 20653315 4480145 2956480 3165293 3323764 11549537 10494779 4000052 2461383 23195027 19236406 X -1283584 1416909 -1283584 1416909 21911443 20653315 2700493 0 X X 0 1 X 1 1 1 X X X 1 HILBERT COLLEGE 166031585 2 1 835000 0 1 835000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1138645 473472 665173 780166 296614 483552 1148725 RIGHT-TO-USE ASSETS 2031390 DUE FROM AFFILIATES 877190 2908580 DUE TO AFFILIATES 380170 LEASE LIABILITIES 2081213 2461383 X PART X, LINE 2: FRANCISCAN SERVICES INC. IS A 501(C)(3) CORPORATION EXEMPT FROM INCOME TAXATION UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. MANAGMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF MAY 31, 2025 AND 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 146 871073 0 N/A N/A PART I, LINE 2: STUDENTS SEEKING FINANCIAL AID MUST FILE A FAFSA TO DETERMINE THEIR ELIGIBILITY AND NEED FOR SCHOLARSHIP ASSISTANCE. SCHOLARSHIPS ARE APPLIED AGAINST THE STUDENT'S TUITION BILL. SCHOLARSHIPS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. 0 0 0 0 0 0 0 1 0 MICHAEL BROPHY CEO 0 257999 0 0 0 22900 0 17978 0 118490 0 417367 0 0 MICHAEL GRAHAM VALLEY COLLEGE PRESIDENT 245954 0 0 0 0 0 0 0 17274 0 263228 0 0 0 LYNN MIZANIN VALLEY EXEC VP OF OPERATIONS 168991 0 6000 0 0 0 0 0 26495 0 201486 0 0 0 MATTHEW JENKINS VALLEY VICE PRESIDENT 128439 0 21668 0 0 0 0 0 15582 0 165689 0 0 0 ELAINE GARDNER VALLEY VP COMPLIANCE, CAREER SVCS & 124978 0 21668 0 0 0 0 0 18056 0 164702 0 0 0 PART I, LINE 7 THE BONUSES WERE AWARDED AS A MEANS OF RETENTION DURING THE TIME PERIOD FOR WHICH HILBERT PURCHASED VALLEY COLLEGE. FORM 990, PART VI, SECTION A, LINE 2 THE CEO, MICHAEL BROPHY, AND TRUSTEE, MICHELLE SULLIVAN, HAVE A BUSINESS RELATIONSHIP BECAUSE THE CEO IS COMPENSATED BY A RELATED ORGANIZATION OF WHICH THE TRUSTEE IS ALSO A TRUSTEE. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT SERVICES WERE PROVIDED TO FRANCISCAN SERVICES, INC. BY FREED MAXICK DURING THE YEAR. FRANCISCAN SERVICES, INC. PAID FREED MAXICK $447,120 DURING THE FISCAL YEAR. CFO, RYAN CASTER OF FREED MAXICK, PERFORMED CFO SERVICES AND WAS COMPENSATED BY FREED MAXICK. FORM 990, PART VI, SECTION A, LINE 6 HILBERT COLLEGE, A RELATED 501(C)(3) PUBLIC CHARITY, IS THE SOLE MEMBER OF FRANCISCAN SERVICES INC. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE APPOINTED BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER MUST APPROVE A MERGER OR PLAN OF DISSOLUTION OF THE ORGANIZATION; THE SALE, LEASE, EXCHANGE, OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE ORGANIZATION; AMENDMENTS TO THE ORGANIZATION'S CERTIFICATE OF INCORPORATION AND BYLAWS; THE ANNUAL BUDGET OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. A DRAFT COPY OF THE FORM 990 IS DISTRIBUTED TO ALL CURRENT MEMBERS OF THE FRANCISCAN SERVICES INC. BOARD. THE BOARD DICUSSES THE FORM. COMMENTS ARE NOTED PRIOR TO THE FILING OF THE FORM WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND OFFICERS OF THE CORPORATION ANNUALLY FILE A CONFLICT OF INTEREST STATEMENT. EACH PERSON IDENTIFIES ACTUAL AND POTENTIAL CONFLICTS ON THEIR STATEMENT. AFTER DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, IT IS THE REPONSIBILITY OF THE REMAINING BOARD MEMBERS TO DETERMINE IF A CONFLICT TRULY EXISTS. IS A CONFLICT IS FOUND, THE INTERESTED PERSON ABSTAINS FROM DISCUSSION AND VOTING ON MATTERS REGARDING THE CONFLICT. ALL DELIBERATION AND DECISIONS REGARDING POTENTIAL CONFLICTS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. VALLEY TRAINING CENTERS INC DBA VALLEY COLLEGE 287 AIKENS CENTER MARTINSBURG WV 25404 933961254 HIGHER EDUCATION WV 26722384 20147082 FRANCISCAN SHARED SERVICES INC HILBERT COLLEGE 5200 SOUTH PARK AVENUE HAMBURG NY 14075 166031585 HIGHER EDUCATION NY 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0