THE MORGAN STATE UNIVERSITY FOUNDA… - 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

1971

Legal Domicile

Principal Officer

ENDIA DECORDOVA

Phone

4438854021

Tax Period

2024-07-01 to 2025-06-30

THE MORGAN STATE UNIVERSITY FOUNDATION INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $17.8M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $16.3M left a modest 8% surplus.

Mission

MORGAN STATE UNIVERSITY FOUNDATION, INC. IS A SEPARATELY INCORPORATED NONPROFITORGANIZED FOR THE PURPOSE OF PROMOTING THE GROWTH, PROGRESS, AND GENERAL WELFARE OF MORGAN STATEUNIVERSITY. THE FOUNDATION WAS ESTABLISHED IN 1971 AS A 501C3 NOT-FOR-PROFIT CORPORATION TO ADVANCETHE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND COMMUNITY OUTREACH BY RAISING AND MANAGINGPRIVATE FUNDS FOR SCHOLARSHIPS, FACULTY, RESEARCH, FACILITIES, AND ACADEMIC PROGRAMS. THE FOUNDATIONRECEIPTS, RECORDS, AND DISTRIBUTES GIFTS AND GRANTS FROM PRIVATE (NON-GOVERNMENTAL) SOURCES, SUCH ASALUMNI, PARENTS, FRIENDS, CORPORATIONS, AND FOUNDATIONS. GIFTS MADE THROUGH THE FOUNDATION ARE TAXDEDUCTIBLE TO THE FULL EXTENT PROVIDED BY LAW AND ARE DISTRIBUTED IN ACCORDANCE WITH DONOR INTENTIONS.THE FOUNDATION ADDRESSES THE NEEDS OF THE UNIVERSITY COMMUNITY IN AREAS WHERE GOVERNMENT FUNDINGIS LIMITED OR UNAVAILABLE. IT IS THROUGH THE FOUNDATION THAT MORGAN STATE UNIVERSITY SEEKS TO IDENTIFYAND MAINTAIN PRIVATE SUPPORTERS WH

Program Service Accomplishments

Program 1

Expenses: $14,638,146 Revenue: $0

TO PROVIDE GRANTS AND SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING MORGAN STATE UNIVERSITY

Program 2

Expenses: $301,043 Revenue: $0

TO PROVIDE FINANCIAL SUPPORT FOR MORGAN STATE UNIVERSITY STUDENTS 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 $16,696,259

Program Service Revenue $0

Investment Income $1,020,140

Other Revenue $55,250

TOTAL REVENUE $17,771,649

Expense Breakdown

Grants Paid $5,819,737

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,939,189

Other Expenses $10,489,860

TOTAL EXPENSES $16,309,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,771,649	$27,315,469	-0.3%
Expenses	$16,309,597	$16,102,308	+0.0%
Net Income	$1,462,052	$11,213,161	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CALVIN H BAKER	TRUSTEE	2.00	Director	$0	$0	$0
MR MERVIN A BOURNE	SECRETARY	2.00	Officer Director	$0	$0	$0
MR DAVID J BRASHEAR	TRUSTEE	2.00	Director	$0	$0	$0
LT COL RET MICHAEL L BELL	TRUSTEE	2.00	Director	$0	$0	$0
MS ENDIA DECORDOVA NV	(EX OFFICIO) EXECUTIVE DIRECTOR MSU FOUNDATION, IN	5.00	Officer Director	$0	$0	$0
MR NICHOLAS EDWARDS	TRUSTEE	2.00	Director	$0	$0	$0
MR KEVIN L HAWKINS	TRUSTEE	2.00	Director	$0	$0	$0
MR OMAR S MCINTOSH	TRUSTEE	2.00	Director	$0	$0	$0
MRS STEPHANIE D NELLONS-PAIGE	TRUSTEE	2.00	Director	$0	$0	$0
MR WILLIAM A SHERMAN II NV	TRUSTEE	2.00	Director	$0	$0	$0
MR JOSEPH S SIMMS III	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MS TRISCH L SMITH	TRUSTEE	2.00	Director	$0	$0	$0
MR CRAIG I SPENCER	TREASURER	5.00	Officer Director	$0	$0	$0
MR CYRIL WALLACE	TRUSTEE	2.00	Director	$0	$0	$0
MS DAWN WHITE	TRUSTEE	5.00	Director	$0	$0	$0
DR DAVID K WILSON NV	TRUSTEE	2.00	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	$17,771,649	$16,309,597	$169,687,532	$1,462,052
2024	$27,315,469	$16,102,308	$165,651,590	$11,213,161
2023	$28,239,330	$15,294,870	$155,800,209	$12,944,460
2022	$14,542,251	$10,625,542	$141,263,372	$3,916,709
2021	$92,877,429	$8,578,144	$137,531,001	$84,299,285
2020	$10,345,893	$10,325,318	$52,772,592	$20,575
2019	$17,443,269	$8,252,487	$52,733,231	$9,190,782

THE MORGAN STATE UNIVERSITY FOUNDATION INC