MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC (EIN 237066010) - 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

NANCY WHITE

Phone

4784712732

Tax Period

2024-01-01 to 2024-12-31

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC, founded in 1969, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 41% operating margin.

Mission

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION STRIVES TO IMPROVE THE LIVES OF PEOPLE IN CENTRAL GEORGIA BY ENABLING MIDDLE GEORGIA STATE UNIVERSITY TO ACHIEVE EXTRAORDINARY RESULTS. THE FOUNDATION PROVIDES RESOURCES TO THE UNIVERSITY AND ITS STUDENTS THAT ENHANCE THE EDUCATIONAL EXPERIENCE.

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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 $2,244,722

Program Service Revenue $814,250

Investment Income $471,770

Other Revenue $166,590

TOTAL REVENUE $3,697,332

Expense Breakdown

Grants Paid $1,216,607

Salaries & Benefits $0

Fundraising Expenses $48,344

Program Expenses $2,072,116

Other Expenses $964,529

TOTAL EXPENSES $2,181,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,697,332	$6,684,956	-0.4%
Expenses	$2,181,136	$1,397,528	+0.6%
Net Income	$1,516,196	$5,287,428	-0.7%

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

$170,268

Total Directors

$745,634

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHRISTOPHER BLAKE	MGA PRESIDEN	2.00	Director	$0	$82,401	$367,166
AMANDA FUNCHES	MGA EVP OF F	2.00	Director	$0	$29,750	$208,200
NANCY WHITE	EXECUTIVE DI	24.00	Officer Director	$0	$0	$170,268
STEPHEN ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE ALLGOOD	TRUSTEE	1.00	Director	$0	$0	$0
DONALD R AVERY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS BRAZELL	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES G BRISCOE	TREASURER	1.00	Officer Director	$0	$0	$0
WILL CURRY	TRUSTEE	1.00	Director	$0	$0	$0
JIM ELLIOT	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE FOLSOM	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES GARBUTT	TRUSTEE	1.00	Director	$0	$0	$0
GARY GARRARD	TRUSTEE	1.00	Director	$0	$0	$0
DR LISA GARRETT-BOYD	TRUSTEE	1.00	Director	$0	$0	$0
MATT GIDDENS	TRUSTEE	1.00	Director	$0	$0	$0
TRACY GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DR DAVID KALISH JR	TRUSTEE	1.00	Director	$0	$0	$0
JAY STUDSTILL JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT F HATCHER JR	CHAIR	1.00	Officer Director	$0	$0	$0
KEITH LOLLEY	TRUSTEE	1.00	Director	$0	$0	$0
TRIPP MADDUX	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT H MCMAHON	TRUSTEE	1.00	Director	$0	$0	$0
TOM MCMICHAEL	TRUSTEE	1.00	Director	$0	$0	$0
DR KEITH MOFFETT	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES OLSON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES PARKER	TRUSTEE	1.00	Director	$0	$0	$0
CASEY PAULK	TRUSTEE	1.00	Director	$0	$0	$0
NIKKI PAULK	TRUSTEE	1.00	Director	$0	$0	$0
COLIN PENNDORF	EX-OFFICIO V	1.00	Director	$0	$0	$0
PHILIP POTTER	TRUSTEE	1.00	Director	$0	$0	$0
RUDELL RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SAPP	TRUSTEE	1.00	Director	$0	$0	$0
DR JIMMIE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
WILLIE USHER	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN WELSH	TRUSTEE	1.00	Director	$0	$0	$0
RANSFORD WILLIAMS	TRUSTEE	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
2024	$3,697,332	$2,181,136	$27,828,053	$1,516,196
2023	$6,684,956	$1,397,528	$24,968,835	$5,287,428
2022	$3,286,078	$1,381,441	$18,134,090	$1,904,637
2021	$2,564,989	$4,332,191	$19,210,932	$-1,767,202
2020	$2,377,099	$1,429,248	$20,108,231	$947,851
2019	$4,189,955	$2,072,458	$19,003,019	$2,117,497
2018	$3,129,380	$1,302,804	$14,753,029	$1,826,576

MIDDLE GEORGIA STATE UNIVERSITY FOUNDATION INC