FROSTBURG STATE UNIVERSITY FOUNDAT (EIN 237120883) - 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

1971

Legal Domicile

Principal Officer

JOHN T SHORT JR

Phone

3016874161

Tax Period

2023-07-01 to 2024-06-30

FROSTBURG STATE UNIVERSITY FOUNDAT, founded in 1971, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 42% operating margin.

Mission

TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF FROSTBURG STATE UNIVERSITY THROUGH ADVOCACY, FUNDRAISING, INVESTMENT MANAGEMENT AND STEWARDSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,252,239

Program Service Revenue $124,197

Investment Income $2,157,525

Other Revenue $139,432

TOTAL REVENUE $6,673,393

Expense Breakdown

Grants Paid $1,116,838

Salaries & Benefits $144,070

Fundraising Expenses $40,240

Program Expenses $3,405,060

Other Expenses $2,626,434

TOTAL EXPENSES $3,887,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,673,393	$4,127,244	+0.6%
Expenses	$3,887,342	$3,861,874	+0.0%
Net Income	$2,786,051	$265,370	+9.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA D ADAMS	IMMEDIATE PA	2.00	Director	$0	$0	$0
STEPHEN L BEAUREGARD	BOARD OF DIR	2.00	Director	$0	$0	$0
MAUREEN BREWER	BOARD OF DIR	2.00	Director	$0	$0	$0
THOMAS CREAMER	BOARD OF DIR	2.00	Director	$0	$0	$0
ROSEMARY F FAGLER	BOARD OF DIR	2.00	Director	$0	$0	$0
GLADYS W FAHERTY	AT LARGE	2.00	Director	$0	$0	$0
RONALD G FORRESTER	BOARD OF DIR	2.00	Director	$0	$0	$0
PATRICK FRIEL	PRESIDENT	10.00	Officer Director	$0	$0	$0
DONALD C FRY	BOARD OF DIR	2.00	Director	$0	$0	$0
GREGORY GETTY	ASSISTANT TR	2.00	Director	$0	$0	$0
MATTHEW GILMORE	AT LARGE	2.00	Director	$0	$0	$0
TIMI M HADRA	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
ROBYN HAGER-SINE	BOARD OF DIR	2.00	Director	$0	$0	$0
ROYAL V HINES	BOARD OF DIR	2.00	Director	$0	$0	$0
KENNETH R COFFEY II	BOARD OF DIR	2.00	Director	$0	$0	$0
JOHN T SHORT JR	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
RAYMOND NELSON JR	BOARD OF DIR	2.00	Director	$0	$0	$0
MARION S LEONARD	BOARD OF DIR	2.00	Director	$0	$0	$0
A LESLIE LUDWIG	BOARD OF DIR	2.00	Director	$0	$0	$0
ALFRED E MARTIN	BOARD OF DIR	2.00	Director	$0	$0	$0
ESTELLE M MARTIN	BOARD OF DIR	2.00	Director	$0	$0	$0
JESSICA L MASSER	BOARD OF DIR	2.00	Director	$0	$0	$0
LAWRENCE MCKENZIE	TREASURER	10.00	Officer Director	$0	$0	$0
MICHELE LM MUTSCHLER	BOARD OF DIR	2.00	Director	$0	$0	$0
DR BENJAMIN N NORRIS	BOARD OF DIR	2.00	Director	$0	$0	$0
ELIZABETH RHODES	SECRETARY	10.00	Officer Director	$0	$0	$0
WAYNE M SCOTT	AT-LARGE	2.00	Director	$0	$0	$0
J STOKES	BOARD OF DIR	2.00	Director	$0	$0	$0
JASON SWEITZER	BOARD OF DIR	2.00	Director	$0	$0	$0
ANTHONY P ZOOK	BOARD OF DIR	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	No data	No data	No data	No data
2024	$6,673,393	$3,887,342	$46,976,820	$2,786,051
2023	$4,127,244	$3,861,874	$42,609,827	$265,370
2022	$7,754,148	$2,492,349	$41,167,873	$5,261,799
2022	$7,754,148	$2,492,349	$41,155,383	$5,261,799
2021	$4,899,555	$2,041,759	$38,747,744	$2,857,796
2021	$4,899,555	$2,038,622	$38,760,234	$2,860,933
2020	$3,716,008	$2,404,114	$29,987,823	$1,311,894
2019	$4,729,795	$2,514,518	$30,169,840	$2,215,277
2019	$4,783,667	$2,514,518	$30,192,761	$2,269,149
2019	$4,783,667	$2,514,518	$30,192,761	$2,269,149

FROSTBURG STATE UNIVERSITY FOUNDAT