EAST TENNESSEE STATE UNIVERSITY FOUNDATION

EIN: 237092731 501(c)(3) Education

JOHNSON CITY, TN

Total Revenue
$18,187,606
Total Expenses
$13,541,749
Total Assets
$200,163,846
Net Assets
$191,030,212
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TN
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.

Program Service Accomplishments

Program 1
Expenses: $13,541,749 Revenue: $2,090,660

ALL PROGRAM EXPENDITURES ARE ATTRIBUTABLE TO THE ORGANIZATION'S STATED PURPOSE OF PROVIDING FUNDS TO EAST TENNESSEE STATE UNIVERSITY FOR THE SUPPORT OF ITS EDUCATIONAL PURPOSES AND TO ETSU 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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
N/A
Volunteers
40

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
7
$1,214,424
Total Directors
25
$1,214,424
Key Employees
0
$0
Highest Compensated
0
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
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