FERRIS FOUNDATION (EIN 386115813) - 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

1991

Legal Domicile

Principal Officer

CASSIE TENNANT

Phone

2315912365

Tax Period

2024-07-01 to 2025-06-30

FERRIS FOUNDATION, founded in 1991, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11.4M left a modest 9% surplus.

Mission

THE FOUNDATION WAS ESTABLISHED TO ADVANCE THE MISSION AND GOALS OF FERRIS STATE UNIVERSITY BY GENERATING AND MANAGING PRIVATE SUPPORT FOR THE UNIVERSITY.

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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 $5,793,762

Program Service Revenue $0

Investment Income $6,846,952

Other Revenue $-90,652

TOTAL REVENUE $12,550,062

Expense Breakdown

Grants Paid $9,490,722

Salaries & Benefits $0

Fundraising Expenses $13,200

Program Expenses $11,090,722

Other Expenses $1,939,063

TOTAL EXPENSES $11,429,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,550,062	$10,812,102	+0.2%
Expenses	$11,429,785	$8,371,228	+0.4%
Net Income	$1,120,277	$2,440,874	-0.5%

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

N/A

Volunteers

103

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

$1,158,538

Total Directors

$519,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN JONES	BOARD MEMBER/PROFESSOR OF	0.30	Director	$0	$42,337	$234,277
MATTHEW BISSETT	BOARD MEMBER	0.30	Director	$0	$0	$0
PAUL DOYLE	BOARD MEMBER	0.30	Director	$0	$0	$0
DENISE GRAVES	BOARD MEMBER	0.30	Director	$0	$0	$0
DR JEAN K ELDER	BOARD MEMBER	0.30	Director	$0	$0	$0
DR DANA KING	BOARD MEMBER	0.30	Director	$0	$0	$0
DR DAVID PILGRIM	BOARD MEMBER/PROFESSOR OF	0.30	Director	$0	$49,928	$285,087
JENIFER CUTTER	CHAIR	0.30	Officer Director	$0	$0	$0
ARLEN-DEAN GADDY	BOARD MEMBER	0.30	Officer Director	$0	$0	$0
GARY GRANGER	BOARD MEMBER/PART-YEAR	0.30	Director	$0	$0	$0
EMILY HANCOCK	BOARD MEMBER	0.30	Officer Director	$0	$0	$0
CHRISTINE VISNER	BOARD MEMBER/PART-YEAR	0.30	Director	$0	$0	$0
KURT HOFMAN	BOARD MEMBER/PART-YEAR	0.30	Director	$0	$0	$0
DR JOHN ENGELMAN II	BOARD MEMBER	0.30	Director	$0	$0	$0
ANDREW KALINOWSKI	BOARD MEMBER	0.30	Director	$0	$0	$0
RUSSELL VISNER	BOARD MEMBER/PART-YEAR	0.30	Director	$0	$0	$0
MATTHEW NAWROCKI	BOARD MEMBER	0.30	Director	$0	$0	$0
DR THOMAS P SCHOLLER	BOARD MEMBER	0.30	Director	$0	$0	$0
RICHARD SHAW	BOARD MEMBER	0.30	Director	$0	$0	$0
KEVIN SIMON	BOARD MEMBER	0.30	Director	$0	$0	$0
DR ALTON SMITH	BOARD MEMBER	0.30	Director	$0	$0	$0
HOWARD C STROSS	BOARD MEMBER	0.30	Director	$0	$0	$0
JEREMY AMSHEY	BOARD MEMBER	0.30	Director	$0	$0	$0
SARAH CHADWICK	BOARD MEMBER	0.30	Director	$0	$0	$0
SHANE NAPPER	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVE NEITZER	BOARD MEMBER	0.30	Director	$0	$0	$0
LAURIE PLACINCKI	SECRETARY	0.30	Director	$0	$0	$0
MICHAEL J VAN DIEPENBOS	BOARD MEMBER	0.30	Director	$0	$0	$0
LINDA HOOK	BOARD MEMBER	0.30	Director	$0	$0	$0
DARIUS QUINN	BOARD MEMBER	0.30	Director	$0	$0	$0
JENNIFER WHEELER	BOARD MEMBER	0.30	Director	$0	$0	$0
DR BILL PINK	PRESIDENT, FERRIS STATE UN	0.30	Officer	$0	$47,849	$516,544
AMANDA MATHESON	TREASURER	1.00	Officer	$0	$34,320	$260,154
JENNIFER TODD	EXECUTIVE DIRECTOR	20.00	Officer	$0	$1,250	$145,126
KENNETH BAILEY	BOARD MEMBER	0.30	Officer	$0	$0	$0
KATHY MULLINS	EXECUTIVE BOARD/VP OF ADVA	0.30	Officer	$0	$41,048	$236,714

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	$12,550,062	$11,429,785	$135,070,689	$1,120,277
2024	$10,812,102	$8,371,228	$131,149,686	$2,440,874
2023	$8,366,973	$7,184,957	$123,419,079	$1,182,016
2022	$12,993,679	$7,975,969	$118,188,680	$5,017,710
2021	$10,707,698	$6,265,034	$122,659,828	$4,442,664
2021	$10,707,698	$6,265,034	$122,659,828	$4,442,664
2020	$6,412,725	$5,646,461	$92,201,355	$766,264
2019	$14,881,111	$5,530,863	$92,821,029	$9,350,248

FERRIS FOUNDATION