TENNESSEE STATE UNIVERSITY FOUNDATION (EIN 237105693) - 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

Phone

6159635481

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE STATE UNIVERSITY FOUNDATION, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.3M, a strong 26% operating margin.

Mission

TO PROMOTE AND SUPPORT LITERACY, SCIENTIFIC, EDUCATIONAL,SCHOLARSHIP,RESEARCH, AND DEVELOPMENTAL GOALS AT TENNESSEE STATE UNIVERSITY.

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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 $6,461,953

Program Service Revenue $357,271

Investment Income $5,874,145

Other Revenue $0

TOTAL REVENUE $12,693,369

Expense Breakdown

Grants Paid $5,901,633

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,869,658

Other Expenses $3,506,607

TOTAL EXPENSES $9,408,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,693,369	$22,444,157	-0.4%
Expenses	$9,408,240	$7,971,499	+0.2%
Net Income	$3,285,129	$14,472,658	-0.8%

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
LAVEIL ALLEN	Director	1.00	Director	$0	$0	$0
VALERIE R LOVE	Chairman	4.00	Officer Director	$0	$0	$0
ROBERT E BLALOCK	Treasurer	4.00	Officer Director	$0	$0	$0
LISA G RIDDICK	Secretary	4.00	Officer Director	$0	$0	$0
ROOSEVELT LUSTER III	Vice chairman	2.00	Director	$0	$0	$0
TRACI OTEY BLUNT	Director	1.00	Director	$0	$0	$0
BRANDON FOLEY	Director	1.00	Director	$0	$0	$0
JAMES CLAYBORNE JR	Director	4.00	Officer Director	$0	$0	$0
DAVID GREEN	Director	1.00	Director	$0	$0	$0
DEDDRICK PERRY	Director	1.00	Director	$0	$0	$0
REGINALD J SHAREEF	Director	1.00	Director	$0	$0	$0
CYNTHIA SNYDER	Director	1.00	Director	$0	$0	$0
LARON A WALKER	Director	1.00	Director	$0	$0	$0
ALEXIS JOHNSON	Director	1.00	Director	$0	$0	$0
ANDRELLA KENNER	Director	1.00	Director	$0	$0	$0
CURTIS HOLLIS	Director	1.00	Director	$0	$0	$0
KATRINA KERR	Director	1.00	Director	$0	$0	$0
DWAYNE TUCKER	Director	1.00	Director	$0	$0	$0
RICK STEVENS	Director	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	$12,693,369	$9,408,240	$134,063,977	$3,285,129
2024	$22,444,157	$7,971,499	$125,232,631	$14,472,658
2023	$11,546,676	$9,511,389	$109,497,079	$2,035,287

TENNESSEE STATE UNIVERSITY FOUNDATION