ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC (EIN 454896479) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

NICOLE FREY

Phone

8709722775

Tax Period

2024-07-01 to 2025-06-30

Arkansas State University Real Estate Foundation Inc, founded in 2012, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2017. The organization ran a surplus of $1.6M, a strong 99% operating margin.

Mission

THE ORGANIZATION ACCEPTS GIFTS OF REAL AND PERSONAL PROPERTY THAT PERSONS AND ENTITIES WISH TO DONATE TO MEMBER CAMPUSES OF THE ARKANSAS STATE UNIVERSITY SYSTEM IN SUPPORT AND FURTHERANCE OF ITS EDUCATIONAL PURPOSES AND MISSION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $43,504

TOTAL REVENUE $43,504

Expense Breakdown

Grants Paid $2,339,652

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,513,316

Other Expenses $210,747

TOTAL EXPENSES $2,550,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,504	$3,130,248	-1.0%
Expenses	$2,550,399	$169,602	+14.0%
Net Income	$-2,506,895	$2,960,646	-1.8%

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

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

$157,071

Total Directors

$157,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE WIGGINS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN PIERCE	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
NICOLE FREY	SECRETARY/TREASURER	1.00	Officer Director	$0	$35,478	$157,071
MIKE GIBSON	DIRECTOR	1.00	Director	$0	$0	$0

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	$43,504	$2,550,399	$3,615,497	$-2,506,895
2024	$3,130,248	$169,602	$6,119,500	$2,960,646
2023	$2,565,336	$72,769	$3,163,606	$2,492,567
2022	$432,085	$56,695	$666,227	$375,390
2021	$398,014	$358,202	$290,461	$39,812
2020	$270,269	$251,115	$251,604	$19,154
2018	$1,630,046	$8,696	$1,735,270	$1,621,350

ARKANSAS STATE UNIVERSITY REAL ESTATE FOUNDATION INC