Salem University Foundation Inc (EIN 208119190) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

Jeffrey Stanley

Phone

7178178983

Tax Period

2023-01-01 to 2023-12-31

Salem University Foundation Inc, founded in 2008, is a micro nonprofit in the Education sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. Expenses of $44K exceeded revenue, resulting in a 15% operating deficit.

Mission

The purpose of the organization is to provide educational programs for the benefit of students; provide scholarships to needy students; foster education throughout the country; and engage in activities as may be necessary and proper to accomplish the foregoing objects and purpose.

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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 $38,742

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,742

Expense Breakdown

Grants Paid $41,394

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,525

Other Expenses $2,981

TOTAL EXPENSES $44,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,742	$14,975	+1.6%
Expenses	$44,375	$45,588	0.0%
Net Income	$-5,633	$-30,613	-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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Jeffrey Stanley	President	Officer Director	$0	$0	$0
Kevin Fluharty	Vice President	Officer Director	$0	$0	$0
Jarrel Carter	Director	Director	$0	$0	$0
Charles Wolfe	Secretary	Officer Director	$0	$0	$0
Christy Howell	Director	Director	$0	$0	$0
Rebecca Nesbitt	Director	Director	$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
2023	$38,742	$44,375	$38,265	$-5,633
2022	$14,975	$45,588	$109,668	$-30,613
2021	$25,042	$67,217	$140,281	$-42,175
2020	$4,957	$51,772	$182,456	$-46,815
2019	$51,953	$170,283	$229,271	$-118,330
2018	$275,501	$50,089	$347,601	$225,412

Salem University Foundation Inc