UNITED METHODIST HIGHER EDUCATION FOUNDATION (EIN 237077869) - 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

1965

Legal Domicile

Principal Officer

CARA STULTZ COSTELLO

Phone

6156493990

Tax Period

2024-01-01 to 2024-12-31

UNITED METHODIST HIGHER EDUCATION FOUNDATION, founded in 1965, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $883K, a strong 24% operating margin.

Mission

UMHEF PROVIDES ON AVERAGE IN EXCESS OF 2 MILLION IN SCHOLARSHIP FUNDING THROUGH ITS COLLABORATIVE PROGRAMS. IN PURSUIT OF THAT GOAL, THE FOUNDATION HOSTS ENDOWMENT FUNDRAISING EVENTS AND PROGRAMS TO RAISE SCHOLARSHIP DOLLARS.

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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 $562,697

Program Service Revenue $0

Investment Income $3,181,591

Other Revenue $0

TOTAL REVENUE $3,744,288

Expense Breakdown

Grants Paid $1,218,867

Salaries & Benefits $938,041

Fundraising Expenses $444,910

Program Expenses $2,020,217

Other Expenses $704,635

TOTAL EXPENSES $2,861,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,744,288	$2,391,247	+0.6%
Expenses	$2,861,543	$2,736,377	+0.0%
Net Income	$882,745	$-345,130	-3.6%

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

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

$240,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F FLETCHER	PRIOR PRESID	40.00	Officer	$133,847	$43,903	$177,750
PHILIP D JAMIESON	PRESIDENT/CE	40.00	Officer	$49,792	$12,994	$62,786
JESSE ARY	TRUSTEE	1.00	Director	$0	$0	$0
ABBY AUMAN	TRUSTEE	1.00	Director	$0	$0	$0
DR IRMA CLARK	TRUSTEE	1.00	Director	$0	$0	$0
CARA STULTZ COSTELLO	INTERIM PRES	1.00	Officer Director	$0	$0	$0
HERMAN FELTON	TRUSTEE	1.00	Director	$0	$0	$0
ROLAND FERNANDES	EX-OFFICIO	1.00	Director	$0	$0	$0
TIMOTHY GRIFFY	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY GABEL	TREASURER	1.00	Officer Director	$0	$0	$0
DR JOSEPH HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
LORI HARDEN	TRUSTEE	1.00	Director	$0	$0	$0
TARI HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
WILLIE JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM N JOHNSTON	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY KUAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHI AUSTIN MAHLE	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE MOY	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE OUGH	TRUSTEE	1.00	Director	$0	$0	$0
SHERRON SHUFFIELD	TRUSTEE	1.00	Director	$0	$0	$0
IRISH SPENCER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES THOELE	TRUSTEE	1.00	Director	$0	$0	$0
JAVIER VIERA	TRUSTEE	1.00	Director	$0	$0	$0
BILL VOGEL	TRUSTEE	1.00	Director	$0	$0	$0
LORENE WILBUR	TRUSTEE	1.00	Director	$0	$0	$0
MELVA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
RONALD WILSON	TRUSTEE	1.00	Director	$0	$0	$0
NANCY YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
JADD MASSO	CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY TAYLOR	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	$3,744,288	$2,861,543	$64,085,514	$882,745
2023	$2,391,247	$2,736,377	$61,866,679	$-345,130
2022	$2,034,614	$2,391,061	$56,702,890	$-356,447
2021	$1,398,493	$2,427,930	$70,761,968	$-1,029,437
2020	$1,756,958	$2,415,236	$67,178,312	$-658,278
2019	$6,709,879	$2,407,077	$58,333,116	$4,302,802
2018	$1,714,333	$2,456,481	$49,721,054	$-742,148

UNITED METHODIST HIGHER EDUCATION FOUNDATION