The Northeastern State University … - Form 990 Financial Data

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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

Peggy Glenn

Phone

9184582143

Tax Period

2024-01-01 to 2024-12-31

The Northeastern State University Foundation Inc, founded in 1971, is a community nonprofit in the Education sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 34% operating margin.

Mission

The NSU Foundation was created exclusively to benefit Northeastern State University for charitable, benevolent, educational, scientific and literary purposes.

Program Service Accomplishments

Program 1

Expenses: $1,428,998

Provide support to NSU for programs and capital projects

Program 2

Expenses: $1,377,577

Provide funding used for student scholarships

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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 $3,210,642

Program Service Revenue $0

Investment Income $1,505,922

Other Revenue $5,886

TOTAL REVENUE $4,722,450

Expense Breakdown

Grants Paid $2,806,575

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,806,575

Other Expenses $323,515

TOTAL EXPENSES $3,130,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,722,450	$3,868,166	+0.2%
Expenses	$3,130,090	$2,261,099	+0.4%
Net Income	$1,592,360	$1,607,067	0.0%

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

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

$98,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chrissi Ross Nimmo	Chair	1.00	Officer Director	$0	$0	$0
Fred Burks	Vice Chair	1.00	Officer Director	$0	$0	$0
David L Rader	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Dr Jim Gore	Investment Committee Chair	1.00	Officer Director	$0	$0	$0
Barbara Abercrombie	Audit Committee Chair	1.00	Officer Director	$0	$0	$0
Susannah Scott	Nominating Committee Chair	1.00	Officer Director	$0	$0	$0
Larry Adair	Trustee	1.00	Director	$0	$0	$0
Wellon B Poe Jr	Trustee	1.00	Director	$0	$0	$0
Dr Denise Spears Roddy	Trustee	1.00	Director	$0	$0	$0
James K Howard	Trustee	1.00	Director	$0	$0	$0
Maurice Turney	Trustee	1.00	Director	$0	$0	$0
William H Langley Jr	Trustee	1.00	Director	$0	$0	$0
Gregg Wadley	Trustee	1.00	Director	$0	$0	$0
Dr Justin Lindsey	Trustee	1.00	Director	$0	$0	$0
Craig Winters	Trustee	1.00	Director	$0	$0	$0
Peggy Glenn	Executive Director	30.00	Officer	$0	$1,750	$98,829

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
2024	$4,722,450	$3,130,090	$55,414,811	$1,592,360
2023	$3,868,166	$2,261,099	$50,016,242	$1,607,067
2022	$7,666,927	$2,158,445	$43,764,605	$5,508,482
2021	$4,906,328	$3,791,936	$45,168,633	$1,114,392
2020	$3,098,802	$2,911,868	$40,980,986	$186,934
2019	$7,181,682	$4,231,824	$38,275,641	$2,949,858
2018	$5,209,292	$4,150,634	$32,004,967	$1,058,658

The Northeastern State University Foundation Inc