FAYETTEVILLE STATE UNIVERSITY FOUNDATION (EIN 237029901) - 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

1969

Legal Domicile

Principal Officer

MR JERMAINE COBLE

Phone

9106721111

Tax Period

2024-07-01 to 2025-06-30

FAYETTEVILLE STATE UNIVERSITY FOUNDATION, founded in 1969, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $20.7M represent 81 months of operating reserves.

Mission

TO RAISE AND DISBURSE FUNDS FOR PROGRAMS THAT WILL FURTHER THE EDUCATIONAL PURPOSES OF FAYETTEVILLE STATE 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 (2024)

Revenue Breakdown

Contributions & Grants $1,397,322

Program Service Revenue $1,476,958

Investment Income $206,912

Other Revenue $0

TOTAL REVENUE $3,081,192

Expense Breakdown

Grants Paid $968,486

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,939,842

Other Expenses $2,178,674

TOTAL EXPENSES $3,147,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,081,192	$4,448,064	-0.3%
Expenses	$3,147,160	$3,801,568	-0.2%
Net Income	$-65,968	$646,496	-1.1%

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

$187,460

Total Directors

$961,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOHN BEN BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
MR JERMAINE COBLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MRS VEDAS NEAL	SECRETARY	1.00	Officer Director	$0	$0	$0
MR OMAR BELL	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$187,460
MRS ROBIN BODDIE-HAGGINS	DIRECTOR	1.00	Director	$0	$0	$0
MRS OLIVIA D CHAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MR JARED J JAMES	DIRECTOR	1.00	Director	$0	$0	$0
MR CLANTON JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD D KINGSBERRY	DIRECTOR	1.00	Director	$0	$0	$0
MR QUDERRICK COVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MR JERMAINE PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MR CHRISTOPHER G DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MR RAYMOND PRIVOTT	DIRECTOR	1.00	Director	$0	$0	$0
MR THEODORE DEBOSE	DIRECTOR	1.00	Director	$0	$0	$0
MRS MONICA CARSON SHERIFF	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN GODBOLT	DIRECTOR	1.00	Director	$0	$0	$0
MR ERNEST SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MR MAYNARD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MR OCIE STROUD-MELVIN	DIRECTOR	1.00	Director	$0	$0	$0
DR CATHY WADDELL	DIRECTOR	1.00	Director	$0	$0	$0
DR REGINALD A WELLS	DIRECTOR	1.00	Director	$0	$0	$0
MR KEVIN WESTER	DIRECTOR	1.00	Director	$0	$0	$0
MR DARRELL T ALLISON	DIRECTOR	1.00	Director	$0	$0	$309,000
MR KENNY SPAYD	DIRECTOR	1.00	Director	$0	$0	$230,000
DR KIMBERLY JEFFRIES LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
DR MONICA LEACH	DIRECTOR	1.00	Director	$0	$0	$235,040
MS LINDA COLEY	DIRECTOR	1.00	Director	$0	$0	$0
MS LATOYA HARPER	DIRECTOR	1.00	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
2025	$3,081,192	$3,147,160	$27,056,577	$-65,968
2024	$4,448,064	$3,801,568	$26,124,299	$646,496
2023	$5,468,947	$5,171,545	$26,580,208	$297,402
2022	$3,598,419	$2,235,411	$24,987,920	$1,363,008
2021	$2,141,766	$1,773,229	$23,831,908	$368,537
2020	$1,928,595	$1,870,894	$20,816,224	$57,701
2019	$2,048,790	$1,969,254	$21,229,073	$79,536

FAYETTEVILLE STATE UNIVERSITY FOUNDATION