Auxiliary Services Foundation (EIN 472335297) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Haley Prewett

Phone

9016784142

Tax Period

2023-07-01 to 2024-06-30

Auxiliary Services Foundation, founded in 2019, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 38% operating margin.

Mission

To operate auxiliary enterprises which directly benefit the university of Memphis, and accept, administer, apply, and use property acquired by gift, grant, devise, bequest, or otherwise solely for the benefit of the university.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,185,627

Program Service Revenue $0

Investment Income $319,034

Other Revenue $0

TOTAL REVENUE $4,504,661

Expense Breakdown

Grants Paid $2,647,086

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,647,086

Other Expenses $138,029

TOTAL EXPENSES $2,785,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,504,661	$11,399,989	-0.6%
Expenses	$2,785,115	$14,312,536	-0.8%
Net Income	$1,719,546	$-2,912,547	-1.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$447,646

Total Directors

$1,085,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Spell	President	1.00	Director	$0	$0	$0
John Hartney	Vice President	1.00	Director	$0	$0	$0
Fred Towler	Secretary/Treasurer	1.00	Director	$0	$0	$0
Rene Bustamante	U of M COO/CFO	2.00	Director	$0	$0	$0
Dr Bill Hardgrave	UofM President	1.00	Director	$0	$66,900	$731,900
Raaj Kurapati	UofM CFO	2.00	Director	$0	$47,219	$353,579
Greg DuBois	UofM Interim CFO	2.00	Director	$0	$0	$0
Haley Prewett	CFO, ASF	7.50	Officer	$0	$0	$0
Jeff Crane	Executive Director, ASF	3.75	Officer	$0	$54,651	$280,776
Steve McDaniel	Retained Legal Counsel	2.00	Officer	$11,460	$0	$11,460
Andrew Roberts	Executive Director, ASF	7.50	Officer	$0	$38,383	$155,410

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	No data	No data	No data	No data
2024	$4,504,661	$2,785,115	$13,348,475	$1,719,546
2023	$11,399,989	$14,312,536	$14,202,118	$-2,912,547
2022	$9,864,492	$9,585,739	$18,678,367	$278,753
2021	$9,276,607	$8,212,053	$24,476,321	$1,064,554

Auxiliary Services Foundation