FAULKNER UNIVERSITY FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

WILMA PHILLIPS

Phone

3343867274

Tax Period

2023-01-01 to 2023-12-31

FAULKNER UNIVERSITY FOUNDATION, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1K, a strong 21% operating margin.

Mission

THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, LITERARY AND SCIENTIFIC PURPOSES TO FULFILL CHRISTIAN EDUCATION AT FAULKNER UNIVERSITY,CHURCHES AND OTHER EDUCATIONAL CHARITIES

Program Service Accomplishments

Program 1

PROVIDE SUPPORT TO FAULKNER UNIVERSITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $6,900

TOTAL REVENUE $6,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,454

TOTAL EXPENSES $5,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,900	$26,416	-0.7%
Expenses	$5,454	$20,479	-0.7%
Net Income	$1,446	$5,937	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$160,149

Total Directors

$265,734

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BUFORD	VICE PRESIDENT	0.00	Officer Director	$0	$0	$21,882
DR BILLY D HILYER	PRESIDENT	2.00	Officer Director	$0	$48,780	$138,267
HON CAROLE MEDLEY	TRUSTEE	0.00	Director	$0	$0	$0
JAMIE HORN	TRUSTEE	0.50	Director	$0	$10,561	$105,585
TED NORTON	TRUSTEE	0.00	Director	$0	$0	$0
WILMA PHILLIPS	SECRETARY/TREASURER	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,900	$5,454	$1,553,099	$1,446
2022	$26,416	$20,479	$1,787,084	$5,937
2021	$20,918	$305,166	$1,178,956	$-284,248
2020	$19	$1,550	$1,500,804	$-1,531
2019	$948	$3,500	$1,433,217	$-2,552
2018	$415	$1,584	$1,282,418	$-1,169