MARTIN UNIVERSITY (EIN 310970262) - 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

1979

Legal Domicile

Principal Officer

DR SEAN L HUDDLESTON

Phone

3179173623

Tax Period

2022-07-01 to 2023-06-30

MARTIN UNIVERSITY, founded in 1979, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 56% operating deficit.

Mission

TO MAKE HIGHER EDUCATION AVAILABLE TO ALL WHO CAN BENEFIT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,519,728

Program Service Revenue $2,081,470

Investment Income $-38,452

Other Revenue $-144,665

TOTAL REVENUE $4,418,081

Expense Breakdown

Grants Paid $526,394

Salaries & Benefits $3,611,273

Fundraising Expenses $302,032

Program Expenses $5,768,086

Other Expenses $2,767,269

TOTAL EXPENSES $6,904,936

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,418,081	$6,541,110	-0.3%
Expenses	$6,904,936	$7,036,038	0.0%
Net Income	$-2,486,855	$-494,928	+4.0%

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

107

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

$201,873

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH PERKINS JR	CHAIR	2.00	Officer Director	$0	$0	$0
MAX SIEGEL	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
TERRY MORRIS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE BUCHANAN	TREASURER	2.00	Officer Director	$0	$0	$0
IVAN BAIRD JR	TRUSTEE	2.00	Director	$0	$0	$0
DOUG BOWEN	TRUSTEE	2.00	Director	$0	$0	$0
JEAN D BREAUX	TRUSTEE	2.00	Director	$0	$0	$0
FELICIA BROKAW	TRUSTEE	2.00	Director	$0	$0	$0
COLETTE PIERCE BURNETTE	TRUSTEE	2.00	Director	$0	$0	$0
BISHOP LAMBERT GATES SR	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN HARRINGTON	TRUSTEE	2.00	Director	$0	$0	$0
LISA HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
TIMOTHY HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HUNTER	TRUSTEE	2.00	Director	$0	$0	$0
RAMON MORRISON	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA ANN PAYNE	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL PORTEE	TRUSTEE	2.00	Director	$0	$0	$0
HEIDI RIES	TRUSTEE	2.00	Director	$0	$0	$0
AHMED YOUNG	TRUSTEE	2.00	Director	$0	$0	$0
DR SEAN L HUDDLESTON	PRESIDENT & CEO	40.00	Officer	$198,293	$3,580	$201,873

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
2023	$4,418,081	$6,904,936	$7,300,873	$-2,486,855
2022	$6,541,110	$7,036,038	$9,957,264	$-494,928
2021	$6,489,319	$5,591,895	$11,458,178	$897,424
2020	$5,805,732	$5,802,791	$10,901,353	$2,941
2019	$4,507,184	$4,993,769	$11,155,914	$-486,585
2018	$5,819,987	$5,442,482	$12,310,434	$377,505

MARTIN UNIVERSITY