Governors State University Foundation (EIN 237039376) - 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

William A Davis

Phone

7085345000

Tax Period

2023-07-01 to 2024-06-30

Governors State University Foundation, founded in 1969, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $594K, a strong 25% operating margin.

Mission

Support for Governors State University and its student body.

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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 $1,392,564

Program Service Revenue $432,485

Investment Income $623,176

Other Revenue $-30,311

TOTAL REVENUE $2,417,914

Expense Breakdown

Grants Paid $1,608,338

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,608,338

Other Expenses $216,031

TOTAL EXPENSES $1,824,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,417,914	$1,825,368	+0.3%
Expenses	$1,824,369	$1,848,095	0.0%
Net Income	$593,545	$-22,727	-27.1%

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

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

$926,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Cheryl Green	Board Member	5.00	Director	$0	$0	$424,267
William A Davis	CEO	40.00	Director	$0	$0	$188,807
Villalyn Baluga	Ex-Officio Memb	5.00	Director	$0	$0	$166,709
Stephen Wagner	Board Member	1.00	Director	$0	$0	$146,781
Carney Barr	President	1.00	Officer Director	$0	$0	$0
Paul Labonne	Vice President	1.00	Officer Director	$0	$0	$0
David Barr	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Redd-Newell	Treasurer	1.00	Officer Director	$0	$0	$0
Hank Johnson	Officer	1.00	Officer Director	$0	$0	$0
Kevin Brookins	Board Member	1.00	Director	$0	$0	$0
Dr Marlon Cummings	Board Member	5.00	Director	$0	$0	$0
Octavia Matthews	Board Member	1.00	Director	$0	$0	$0
Lorine Samuels	Board Member	1.00	Director	$0	$0	$0
Helen Hill	Board Member	1.00	Director	$0	$0	$0
Jermaine Paul	Board Member	1.00	Director	$0	$0	$0
Gia Orr	Boad Member	1.00	Director	$0	$0	$0
Joah Sopiarz	Board Member	1.00	Director	$0	$0	$0
Angie Zuniga	Board Member	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	No data	No data	No data	No data
2024	$2,417,914	$1,824,369	$9,649,830	$593,545
2023	$1,825,398	$1,848,095	$8,815,589	$-22,697
2022	$1,752,710	$1,483,825	$8,637,867	$268,885
2021	$1,783,909	$1,153,159	$9,546,209	$630,750
2020	$1,118,092	$799,075	$7,651,308	$319,017
2019	$1,091,429	$952,895	$7,294,383	$138,534
2018	$1,142,513	$959,771	$6,861,855	$182,742

Governors State University Foundation