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.
To foster philanthropic support that aligns with Ball State University's mission of engaging students in educational, research, and creative endeavors, enabling them to pursue fulfilling careers and meaningful lives.
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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