SLIPPERY ROCK UNIVERSITY FOUNDATION INC

EIN: 237093388 501(c)(3) Education

SLIPPERY ROCK, PA

Total Revenue
$6,715,296
Total Expenses
$7,816,873
Total Assets
$56,734,770
Net Assets
$56,444,276
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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
1970
Legal Domicile
PA
Principal Officer
MARK PALMER
Phone
7247382047
Tax Period
2024-07-01 to 2025-06-30

SLIPPERY ROCK UNIVERSITY FOUNDATION INC, founded in 1970, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $7.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SUPPORT THE PRIORITIES OF SRU BY GENERATING AND MANAGING PRIVATE RESOURCES.

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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 $3,435,022
Program Service Revenue $292,043
Investment Income $2,219,256
Other Revenue $768,975
TOTAL REVENUE $6,715,296

Expense Breakdown

Grants Paid $3,214,319
Salaries & Benefits $477,070
Fundraising Expenses $73,847
Program Expenses $6,852,677
Other Expenses $4,125,484
TOTAL EXPENSES $7,816,873

Year-over-Year Comparison

2024 2023 Change
Revenue $6,715,296 $12,630,559 -0.5%
Expenses $7,816,873 $7,333,020 +0.1%
Net Income $-1,101,577 $5,297,539 -1.2%
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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Governance

Voting Members
22
Independent Members
22
Employees
6
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
4
$186,536
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYLE CAMPBELL BOARD MEMBER 1.00
Director
$0 $0 $0
CRAIG FRASER BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL GINSBERG BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD FOX BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC WANGLER BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN DARUSZKA BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCIS J ALOI BOARD MEMBER 1.00
Director
$0 $0 $0
GAIL PASERBA BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER L WALTERS SECRETARY 3.00
Officer Director
$0 $0 $0
JOY ZEINER BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE PREBULA BOARD MEMBER (THRU 10/24) 1.00
Director
$0 $0 $0
KENNETH BONUS BOARD MEMBER 1.00
Director
$0 $0 $0
LAWRENCE KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK PALMER CHAIR 3.00
Officer Director
$0 $0 $0
RICHARD A HARPER BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA CONNOLLY VICE CHAIR 3.00
Officer Director
$0 $0 $0
TIMOTHY POST BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH FINNEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAIRUS MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA NELSON-FLOWERS BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA RICHEY BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY SHULSKY BOARD MEMBER 1.00
Director
$0 $0 $0
TROY MILLER BOARD MEMBER (AS OF 10/24) 1.00
Director
$0 $0 $0
DAVID HOLLENBAUGH EXECUTIVE DIRECTOR 35.00
Officer
$174,222 $12,314 $186,536
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 $6,715,296 $7,816,873 $56,734,770 $-1,101,577
2024 $12,630,559 $7,333,020 $55,307,045 $5,297,539
2023 $4,291,298 $4,356,327 $49,295,643 $-65,029
2022 $5,045,087 $4,746,874 $46,512,731 $298,213
2021 $4,731,811 $4,307,127 $49,993,291 $424,684
2020 $7,124,022 $5,637,950 $40,694,166 $1,486,072
2019 $6,938,023 $5,359,183 $39,852,984 $1,578,840
2018 $5,699,624 $4,333,865 $37,039,991 $1,365,759
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