EAST CENTRAL UNIVERSITY FOUNDATION… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

JOHN HARGRAVE

Phone

5805595655

Tax Period

2024-07-01 to 2025-06-30

EAST CENTRAL UNIVERSITY FOUNDATION INC, founded in 1970, is a mid-sized nonprofit that reported $19.2M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.6M, a strong 76% operating margin.

Mission

THE PRIMARY MISSION OF THE FOUNDATION IS TO BENEFIT EAST CENTRAL UNIVERSITY'S STUDENT BODY, FACULTY, AND ITS PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,190,765

SCHOLARSHIPS AND AWARDS GIVEN TO STUDENTS OF EAST CENTRAL UNIVERSITY.

Program 2

Expenses: $2,507,933

AID TO ECU AND PROGRAMS SPONSORED BY THE UNIVERSITY, SUCH AS RECEPTIONS, TEACHER AWARDS, STIPENDS, TRAVEL, CONVENTION EXPENSES, LUNCHEONS, STUDENT TRIPS, STUDENT ORGANIZATIONS, SPEAKERS ON CAMPUS...

AID TO ECU AND PROGRAMS SPONSORED BY THE UNIVERSITY, SUCH AS RECEPTIONS, TEACHER AWARDS, STIPENDS, TRAVEL, CONVENTION EXPENSES, LUNCHEONS, STUDENT TRIPS, STUDENT ORGANIZATIONS, SPEAKERS ON CAMPUS, BUILDING CONSTRUCTION AND RENOVATION PROJECTS, ATHLETIC PROGRAMS, ETC.

Program 3

LECTURE/CHAIR EXPENSE THAT COVERS FEES FOR LECTURES, MEALS, TRANSPORTATION, STIPENDS FOR FACULTY MEMBERS, POSTAGE, AND PROGRAMS.

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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 $13,307,982

Program Service Revenue $0

Investment Income $5,924,059

Other Revenue $3,750

TOTAL REVENUE $19,235,791

Expense Breakdown

Grants Paid $3,698,698

Salaries & Benefits $356,932

Fundraising Expenses $448,427

Program Expenses $3,845,064

Other Expenses $545,236

TOTAL EXPENSES $4,600,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,235,791	$14,375,605	+0.3%
Expenses	$4,600,866	$4,181,173	+0.1%
Net Income	$14,634,925	$10,194,432	+0.4%

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

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

$374,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN HOLLOWAY	TRUSTEE	1.00	Director	$0	$0	$0
BRAD THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS MIMS	TRUSTEE	1.00	Director	$0	$0	$0
CLAUDIA HISLE	TRUSTEE	1.00	Director	$0	$0	$0
DONNIE NERO	TRUSTEE	1.00	Director	$0	$0	$0
DUANE ANDERSON	SCHOLARSHIP COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
DUANE MURRAY	TRUSTEE	1.00	Director	$0	$0	$0
FOB JONES	TRUSTEE	1.00	Director	$0	$0	$0
JANICE GRAY	TREASURER/FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
JENNY TRETT	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY HUMPHERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM KING	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JUDY PARKER	NOMINATING CHAIR	1.00	Officer Director	$0	$0	$0
KATIE HILL	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN WOOD	TRUSTEE	1.00	Director	$0	$0	$0
LASHAWN GALLIMORE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET BARTON	TRUSTEE	1.00	Director	$0	$0	$0
MARK STRINGFIELD	INVESTMENT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL MILLSAP	PAST CHAIR	1.00	Director	$0	$0	$0
NANCY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
RANDY NAIL	CHAIR	1.00	Officer Director	$0	$0	$0
ROBBIE JONES FOXX	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN HIME	TRUSTEE	1.00	Director	$0	$0	$0
STEVE TURNER	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR HOWARD	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM DARTER	TRUSTEE	1.00	Director	$0	$0	$0
TONY A SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
BUFFY LOVELIS	CHIEF OPERATING OFFICER	40.00	Officer	$0	$26,098	$118,598
GERALD WILLIAMSON	FUNDRAISER	1.00	Officer	$64,200	$18,059	$82,259
JESSICA SANCHEZ	CREATIVE COORDINATOR	40.00	Officer	$0	$8,476	$29,266
JOHN HARGRAVE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$121,000	$23,382	$144,382
MASON GROVES	OCFO	1.00	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	$19,235,791	$4,600,866	$76,715,339	$14,634,925
2024	$14,375,605	$4,181,173	$62,029,555	$10,194,432
2023	$10,481,082	$4,262,535	$47,868,184	$6,218,547
2022	$6,604,235	$2,963,519	$39,213,275	$3,640,716
2021	$2,935,087	$2,478,529	$42,572,023	$456,558
2020	$3,123,664	$2,476,345	$36,268,495	$647,319
2019	$5,165,182	$2,677,725	$35,564,099	$2,487,457
2018	$2,857,926	$2,649,697	$33,076,424	$208,229

EAST CENTRAL UNIVERSITY FOUNDATION INC