TRUMAN STATE UNIVERSITY FOUNDATION (EIN 431381504) - 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

1984

Legal Domicile

Principal Officer

DR SUSAN THOMAS

Phone

6607854150

Tax Period

2024-07-01 to 2025-06-30

TRUMAN STATE UNIVERSITY FOUNDATION, founded in 1984, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $4.6M left a modest 8% surplus.

Mission

THE MISSION OF THE TRUMAN STATE UNIVERSITY FOUNDATION IS TO ADVANCE THE UNIVERSITY THROUGH LASTING RELATIONSHIPS, STRONG PRIVATE GIFT SUPPORT AND PRUDENT STEWARDSHIP.

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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 $3,252,980

Program Service Revenue $9,428

Investment Income $1,601,094

Other Revenue $164,237

TOTAL REVENUE $5,027,739

Expense Breakdown

Grants Paid $2,739,915

Salaries & Benefits $0

Fundraising Expenses $324,293

Program Expenses $3,901,978

Other Expenses $1,865,730

TOTAL EXPENSES $4,633,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,027,739	$6,897,011	-0.3%
Expenses	$4,633,477	$4,880,842	-0.1%
Net Income	$394,262	$2,016,169	-0.8%

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

135

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

$1,012,983

Total Directors

$637,321

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALANEET BALAS	PRESIDENT	5.00	Officer Director	$0	$0	$0
PAUL GARNETT	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DR SUSAN THOMAS	UNIVERSITY PRESIDENT	5.00	Officer Director	$0	$98,971	$439,626
RASHMI PRASAD	BOARD MEMBER	2.00	Director	$0	$47,231	$197,695
EMMA SUCHSLAND	STUDENT REPRESENTATIVE	2.00	Director	$0	$0	$0
JOHN AYRES	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP CHRISTOFFERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID CLEAVER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID CLITHERO	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT GAYDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY GINGRICH	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA GIOIA	BOARD MEMBER	2.00	Director	$0	$0	$0
LAUREN GRAMLICH	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI HART	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA HILL	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL LOVEGREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY MAREK	BOARD MEMBER	2.00	Director	$0	$0	$0
OVETTA SAMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY KRISTIN SANDERS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT STILLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON TURK	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID WOODS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES HUNSAKER	SECRETARY EX OFFICIO - AS OF 11/24	5.00	Officer	$0	$31,305	$121,069
DR ERNIE HUGHES	SECRETARY EX OFFICIO - THRU 12/24	5.00	Officer	$0	$56,878	$226,310
MARK HERRMANN	GENERAL COUNSEL EX OFFICIO	2.00	Officer	$0	$22,124	$81,486
MICHAEL GARZANELLI	TREASURER EX OFFICIO	8.00	Officer	$0	$38,235	$144,492

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	$5,027,739	$4,633,477	$85,669,112	$394,262
2024	$6,897,011	$4,880,842	$78,927,688	$2,016,169
2023	$1,852,234	$3,945,825	$72,042,524	$-2,093,591
2022	$10,814,478	$3,082,008	$67,951,751	$7,732,470
2021	$10,024,797	$2,493,521	$76,944,452	$7,531,276
2020	$10,154,800	$3,979,744	$60,884,322	$6,175,056
2019	$7,668,230	$3,754,047	$58,865,509	$3,914,183
2018	$5,647,415	$2,904,668	$55,463,013	$2,742,747

TRUMAN STATE UNIVERSITY FOUNDATION