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Nested IFS Statement to Determine Status

I use an Excel workbook (365 desktop) to track the status of correspondence that needs to hit various checkpoints (columns E, G, H, I (conditional), K). As the item moves through the process, dates are input into those respective columns; plus the occasional cancellation or item hold.

I am looking to build out Column M to provide an 'automated' location status that will change as dates or other key text are put into the columns mentioned above. I aim to be able to sort and count the correspondence by location/status.

My initial thought is to use a IFS statement to check for keywords or date by column precedence. I came up with the below but it is throwing an error.

Any help would be greatly appreciated.

Draft Formula - Throws #Name Error / [Top row below header is row 10]

=IFS(K10="Cancelled","Cancelled",K10="Hold","Hold",K10="Shutdown","Shutdown",ISDATE(K10),"Completed",ISDATE(I10),"TEXT5",ISDATE(H10),"TEXT6",ISDATE(E10),"TEXT7",ISBLANK(E10),"TEXT8")

Note: The snip shows a few of the different setups for the data rows.

https://preview.redd.it/fmu5imyu7ylg1.png?width=769&format=png&auto=webp&s=70799de202f1ed6a88671b1e7d216bee6f5f4fbe

submitted by /u/xeroraith
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