FLORENCE, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION, founded in 2003, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 3% surplus.
THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF FRANCIS MARION UNIVERSITY, SPECIFICALLY IN MANAGEMENT OF STUDENT HOUSING, OTHER REAL PROPERTY, AND ACCEPTANCE OF GIFTS AND OTHER SUPPORT AS AGREED UPON BY THE FOUNDATION'S BOARD OF DIRECTORS AND THE UNIVERSITY.
THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT THE UNIVERSITY, IS REQUIRED TO OPERATE, MAINTAIN, AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY. THE PR0GRAM SERVICE IS CARRIED OUT THROUGH...
THE FOUNDATION, AS PART OF ITS MISSION TO SUPPORT THE UNIVERSITY, IS REQUIRED TO OPERATE, MAINTAIN, AND LEASE HOUSING FACILITIES FOR STUDENTS AND FACULTY. THE PR0GRAM SERVICE IS CARRIED OUT THROUGH THE FOUNDATION'S SINGLE MEMBER FMU STUDENT HOUSING, LLC. ALL REVENUE GENERATED BY THE LLC FROM HOUSING SERVICES ARE MANAGED AND HELD BY THE FOUNDATION. HOUSING SERVICES ARE PROVIDED PRIMARILY DURING THE FALL AND SPRING SEMESTERS WITH MINOR REVENUES BEING RECEIVED FOR SUMMER SEMESTERS, FEES AND FINES AND SUMMER CAMP HOUSING FOR FMU SUMMER PROGRAMS.
THE FOUNDATION IS A PROGRAM SUPPORTED AGENCY AND ACTS IN ACCORDANCE WITH ITS NONPROFIT STATUS TO PROVIDE SUPPORT TO FRANCIS MARION UNIVERSITY. ALL DONATIONS IN KIND OR IN CASH ARE REPORTED BY THE...
THE FOUNDATION IS A PROGRAM SUPPORTED AGENCY AND ACTS IN ACCORDANCE WITH ITS NONPROFIT STATUS TO PROVIDE SUPPORT TO FRANCIS MARION UNIVERSITY. ALL DONATIONS IN KIND OR IN CASH ARE REPORTED BY THE SUPPORTED ORGANIZATION AS GIFTS FROM THE DEVELOPMENT FOUNDATION. THE DEVELOPMENT FOUNDATION PROVIDES DONATIONS TO THE EDUCATION FOUNDATION, WHICH IS A RELATED PARTY TO FRANCIS MARION UNIVERSITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $7,752,335 | $7,096,786 | +0.1% |
| Expenses | $7,497,554 | $5,917,163 | +0.3% |
| Net Income | $254,781 | $1,179,623 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DARRYL BRIDGES | TREASURER-VICE PRESIDENT FOR FINANCE & FACILITIES | 0.10 |
Officer
Director
|
$0 | $64,912 | $259,401 |
| KEN JACKSON | VICE-CHAIRMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| CARL HUMPHRIES | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| JOYCE DURANT | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| PERRY GRICE | BOARD MEMBER | 0.10 |
Director
|
$0 | $0 | $0 |
| HAIEASHA SINGLETARY | EXECUTIVE DIRECTOR | 12.00 |
Officer
|
$0 | $26,581 | $78,939 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $7,752,335 | $7,497,554 | $27,097,598 | $254,781 |
| 2024 | $7,096,786 | $5,917,163 | $27,833,235 | $1,179,623 |
| 2023 | $6,730,208 | $5,710,871 | $27,620,215 | $1,019,337 |
| 2022 | $6,663,284 | $5,208,103 | $27,512,259 | $1,455,181 |
| 2021 | $6,587,347 | $4,956,596 | $27,042,578 | $1,630,751 |
| 2020 | $6,292,316 | $5,217,335 | $26,120,149 | $1,074,981 |
| 2019 | $6,198,317 | $5,754,171 | $26,314,567 | $444,146 |
| 2018 | $6,832,862 | $5,353,349 | $26,266,973 | $1,479,513 |
Compare FRANCIS MARION UNIVERSITY DEVELOPMENT FOUNDATION with other nonprofits in South Carolina and across the country.