Muncie, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Ball State University Foundation Inc, founded in 1950, is a mid-sized nonprofit in the Education sector that reported $30.2M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $37.7M exceeded revenue, resulting in a 25% operating deficit.
Our mission is to optimize sustainable support for Ball State University by obtaining, investing, and managing private gifts wisely while fulfilling our fiduciary responsibilities to Donors, the University, and designated beneficiaries. The Ball State University Foundation will continue to support the University's mission by maintaining its reputation as an institution of excellence while fostering a culture of philanthropy, service, volunteer leadership, and exemplary fiduciary responsibility.
SUPPORT OF FACILITIES AND EQUIPMENT TO ENHANCE THE EDUCATIONAL OPPORTUNITIES AND ENVIRONMENT FOR BALL STATE UNIVERSITY STUDENTS.
SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE...
SUPPORT IS PROVIDED TO BALL STATE UNIVERSITY IN THE FOLLOWING AREAS ACADEMIC PROGRAMS, ADVANCEMENT AND DEVELOPMENT, FACULTY SUPPORT, RESEARCH, FACULTY AND STUDENT RECRUITMENT, PUBLIC SERVICE, EXTERNAL RELATIONSHIPS, ARTWORK, LIBRARY MATERIALS, AND ATHLETICS. THESE PROGRAMS SERVE TO ENHANCE THE EDUCATIONAL EXPERIENCE.
SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. DURING FISCAL YEAR 2025, THE FOUNDATION PROVIDED OVER $25 MILLION TO BALL STATE...
SCHOLARSHIPS AND FINANCIAL AID ARE PROVIDED TO STUDENTS AT BALL STATE UNIVERSITY TO FURTHER THEIR EDUCATIONAL GOALS. DURING FISCAL YEAR 2025, THE FOUNDATION PROVIDED OVER $25 MILLION TO BALL STATE UNIVERSITY, INCLUDING 1,860 SCHOLARSHIPS IMPACTING OVER 1,500 STUDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $30,232,984 | $66,942,172 | -0.5% |
| Expenses | $37,729,015 | $30,249,612 | +0.2% |
| Net Income | $-7,496,031 | $36,692,560 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID W HEETER | CHAIR-ELECT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| GEOFFREY MEARNS | EX-OFFICIO VICE CHAIR & PRES. | 1.0 |
Officer
Director
|
$0 | $74,426 | $680,526 |
| JEAN KRAMER CROSBY | PRESIDENT | 51.0 |
Officer
Director
|
$307,156 | $33,182 | $340,338 |
| JILL S LACY | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL C RAY | IMMEDIATE PAST CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK J ALDERICE | CHAIR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN FINN | VP OF FINANCE & TREASURER (End 02/25) | 1.0 |
Director
|
$0 | $42,800 | $346,699 |
| BENTE M WEITEKAMP | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BETSY M ROSS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BRIAN J HAYNES | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| CHARLES A BARTH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DAMITA J WILLIAMS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DAN L MOLINARO | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DANIEL J TOWRISS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DONALD D DUMOULIN II | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DWIGHT D SMITH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| ERIC J FOSS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| HENRY HALL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES D FIELDS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JAMES R WILLIAMS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JO ANN M GORA | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JULIE K GRIFFITH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KATHERINE A ARBUCKLE | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KATHERINE M DOERKSEN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KEITH A ROBINSON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KELLI A LAWRENCE | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| KYLE J WILLIAMS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| LOU E HENSLEY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MARLA K TEMPLETON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL E EARLEY | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHELLE A RYAN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| NATALIE VEGA O'NEIL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| RANDY D PHILLIPS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| RICHARD J HALL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| ROBERT S KASPAR | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Sue Hodges Moore | Interim VP for Business Affairs & Treasurer (Beg 03/25) | 1.0 |
Director
|
$0 | $0 | $0 |
| THOMAS B BRYAN | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| TIMOTHY M ANDREWS | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| BETH ALEXANDER | ASSISTANT SECRETARY | 51.0 |
Officer
|
$109,624 | $17,288 | $126,912 |
| STEPHEN WACHTMANN | CFO, TREASURER | 51.0 |
Officer
|
$189,133 | $32,517 | $221,650 |
| DAVID MARK HELMUS | CHIEF ADVANCEMENT OFFICER | 51.0 |
Key Emp
|
$224,189 | $29,125 | $253,314 |
| LOLA MAUER | AVP FOR ALUMNI ENGAGEMENT | 51.0 |
Key Emp
|
$162,243 | $23,016 | $185,259 |
| WILLIAM COOPER | SR DIR DEVELOPMENT PRINCIPAL GIFTS | 51.0 |
Key Emp
|
$173,417 | $26,995 | $200,412 |
| BRENDA DAVIS | SR DIRECTOR OF DEVELOPMENT | 51.0 |
Highest
|
$105,647 | $19,543 | $125,190 |
| CARMELLA HISE | AVP FOR DEVELOPMENT | 51.0 |
Highest
|
$149,128 | $15,196 | $164,324 |
| DONALD RAY ALLEN | VP OF DEVELOPMENT | 51.0 |
Highest
|
$114,687 | $6,148 | $120,835 |
| KELSEY KELLY | AVP FOR DEVELOPMENT | 51.0 |
Highest
|
$124,837 | $25,789 | $150,626 |
| MARY SERINE | SR EXEC DIR OF ADVANCEMENT | 51.0 |
Highest
|
$114,688 | $13,687 | $128,375 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $30,232,984 | $37,729,015 | $438,758,562 | $-7,496,031 |
| 2024 | No data | No data | No data | No data |
| 2023 | $20,014,598 | $24,909,610 | $343,394,231 | $-4,895,012 |
| 2022 | $39,102,530 | $25,599,448 | $327,636,932 | $13,503,082 |
| 2021 | $35,478,867 | $24,559,056 | $330,356,166 | $10,919,811 |
| 2020 | $25,627,270 | $21,926,252 | $262,845,495 | $3,701,018 |
| 2019 | $20,910,153 | $26,786,738 | $254,500,113 | $-5,876,585 |
| 2018 | $24,637,040 | $26,740,003 | $251,860,304 | $-2,102,963 |
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