APPALACHIAN STATE UNIVERSITY FOUNDATION INC (EIN 237099379) - 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

1970

Legal Domicile

Principal Officer

WILLIAM J SEARS

Phone

8282622341

Tax Period

2024-07-01 to 2025-06-30

APPALACHIAN STATE UNIVERSITY FOUNDATION INC, founded in 1970, is a mid-sized nonprofit that reported $39.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 22% operating margin.

Mission

THROUGH IMPACTFUL AND ENGAGED STEWARDSHIP, FUNDRAISING, FINANCIAL MANAGEMENT, AND THOUGHTFUL BOARD LEADERSHIP, THE APPALACHIAN STATE UNIVERSITY FOUNDATION WILL PROVIDE SIGNIFICANT RESOURCES IN SUPPORT OF THE UNIVERSITY'S MISSION AND KEY PRIORITIES.

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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 $36,513,143

Program Service Revenue $283,239

Investment Income $2,308,985

Other Revenue $36,331

TOTAL REVENUE $39,141,698

Expense Breakdown

Grants Paid $27,342,908

Salaries & Benefits $0

Fundraising Expenses $1,652,729

Program Expenses $27,782,898

Other Expenses $3,278,715

TOTAL EXPENSES $30,621,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,141,698	$32,111,137	+0.2%
Expenses	$30,621,623	$29,705,857	+0.0%
Net Income	$8,520,075	$2,405,280	+2.5%

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

100

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

$513,734

Total Directors

$730,908

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER NORRIS	BOARD MEMBER	1.00	Director	$0	$15,745	$413,841
WILLIAM SEARS	PRESIDENT	30.00	Officer Director	$0	$80,833	$317,067
CANTEY ALEXANDER	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
JEANNINE UNDERWOOD COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS COVINGTON	BOARD TREASURER	3.00	Officer Director	$0	$0	$0
CAROLYN SCHMALENBERGER	BOARD VICE CHAIR	3.00	Officer Director	$0	$0	$0
CHAD SEIGLER	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KYLER FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BO HENDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM POWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES REEVES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RICKS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WYATT DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA FIORI	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE SAWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE WYATT	BOARD MEMBER	1.00	Director	$0	$0	$0
MISSY HARRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT HOGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAYTON CHRISTIAN	ASSISTANT VICE CHANCELLOR	30.00	Officer	$0	$48,114	$196,667
PAMELA HARDIN	ASSISTANT VICE CHANCELLOR OF GIFT PLANNING/ REAL E	30.00	Highest	$0	$41,649	$172,466
STEPHANIE BILLINGS	EXECUTIVE DIRECTOR OF ALUMNI AFFAIRS	30.00	Highest	$0	$57,539	$241,635
HAROLD SWAIM	EXECUTIVE DIRECTOR OF DONOR ENGAGEME	30.00	Highest	$0	$9,953	$151,230
KYLE ALLEN	GIFT OFFICE, WCOB	30.00	Highest	$0	$13,714	$164,054
MELINDA FRIDDELL	SENIOR EXECUTIVE DIRECTOR OF DEVELOPMENT	30.00	Highest	$0	$12,457	$135,328

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	$39,141,698	$30,621,623	$265,065,463	$8,520,075
2024	$32,111,137	$29,705,857	$240,354,589	$2,405,280
2023	$32,992,560	$26,568,594	$216,184,737	$6,423,966
2022	$32,803,152	$22,692,301	$211,346,628	$10,110,851
2021	$22,964,979	$24,108,284	$199,365,776	$-1,143,305
2020	$18,404,104	$17,579,431	$159,413,962	$824,673
2019	$17,601,589	$16,091,444	$163,259,259	$1,510,145

APPALACHIAN STATE UNIVERSITY FOUNDATION INC