EAST TENNESSEE STATE UNIVERSITY FOUNDATION (EIN 237092731) - 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

1977

Legal Domicile

Principal Officer

DR BRIAN NOLAND

Phone

4234395884

Tax Period

2024-07-01 to 2025-06-30

EAST TENNESSEE STATE UNIVERSITY FOUNDATION, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $18.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $4.6M, a strong 26% operating margin.

Mission

TO PROVIDE SUPPORT FOR EAST TENNESSEE STATE UNIVERSITY (ETSU) AND ITS STUDENTS.

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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 $10,067,120

Program Service Revenue $0

Investment Income $5,950,116

Other Revenue $2,170,370

TOTAL REVENUE $18,187,606

Expense Breakdown

Grants Paid $12,877,846

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,541,749

Other Expenses $663,903

TOTAL EXPENSES $13,541,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,187,606	$19,712,431	-0.1%
Expenses	$13,541,749	$12,555,081	+0.1%
Net Income	$4,645,857	$7,157,350	-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

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

$1,214,424

Total Directors

$1,214,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS RENEE BAYS LOCKHART	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MR ANDY HALL	VICE CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
MS TRACY FLEENOR	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DR STEVE BARNETT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR WILL BEDARD	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DR VIRGINIA BIEBER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR ANDY DIETRICH	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR STEPHEN DIXON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR JOSH GIBBONS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR TOMMY GREER	CHAIR, INVESTMENT COMMITTEE	1.00	Director	$0	$0	$0
MR ANDY HALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MS KIM HALL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR CASEY HAMMONTREE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR BRYAN HAWK	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR STEVEN KILGORE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MRS CHARLY LANG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MRS BARB STREET	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR GRANT SUMMERS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MS SANDY THOMAS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR MITCH TUELL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MR MATT WILHJELM	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN NOLAND	UNIVERSITY PRESIDENT	1.00	Officer Director	$0	$0	$563,120
MR JOHN KING	INTERIM PRESIDENT/CEO OF THE FOUNDATION	1.00	Officer Director	$0	$0	$144,003
MS CHRISTINA GRAHAM	CFO, VP BUSINESS/FINANCE	1.00	Officer Director	$0	$0	$294,540
MS PAMELA RITTER	FORMER PRESIDENT/CEO OF THE FOUNDATION	1.00	Officer Director	$0	$0	$212,761

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	$18,187,606	$13,541,749	$200,163,846	$4,645,857
2024	No data	No data	No data	No data
2023	$22,460,776	$13,071,089	$159,661,254	$9,389,687
2022	$20,087,755	$12,287,724	$139,979,181	$7,800,031
2021	$16,207,692	$6,915,628	$138,793,222	$9,292,064
2020	$15,180,962	$9,844,189	$112,921,607	$5,336,773
2019	$12,545,233	$10,228,218	$108,831,735	$2,317,015
2018	$19,620,607	$9,688,337	$105,103,379	$9,932,270

EAST TENNESSEE STATE UNIVERSITY FOUNDATION