KANSAS STATE UNIVERSITY FOUNDATION (EIN 480667209) - 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

1944

Legal Domicile

Principal Officer

GREG LOHRENTZ

Phone

7857752000

Tax Period

2022-07-01 to 2023-06-30

KANSAS STATE UNIVERSITY FOUNDATION, founded in 1944, is a major nonprofit in the Education sector that reported $185.3M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $45.6M, a strong 25% operating margin.

Mission

KSU FOUNDATION ENCOURAGES AND PRUDENTLY MANAGES GIFTS DONATED FOR THE BENEFIT OF KSU AND FOSTERS A CULTURE THAT UNITES PHILANTHROPIC DESIRES WITH UNIVERSITY PRIORITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $141,343,170

Program Service Revenue $1,956,818

Investment Income $16,314,267

Other Revenue $25,727,471

TOTAL REVENUE $185,341,726

Expense Breakdown

Grants Paid $81,642,354

Salaries & Benefits $19,172,013

Fundraising Expenses $14,886,475

Program Expenses $103,732,052

Other Expenses $38,893,996

TOTAL EXPENSES $139,708,363

Year-over-Year Comparison

	2022	2021	Change
Revenue	$185,341,726	$256,518,677	-0.3%
Expenses	$139,708,363	$126,437,816	+0.1%
Net Income	$45,633,363	$130,080,861	-0.6%

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

236

Volunteers

500

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

$2,863,221

Total Directors

Key Employees

$349,438

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS COX	VP FOR INVESTMENTS/CIO	40.0	Officer	$631,612	$209,986	$841,598
GREG WILLEMS	PRESIDENT/CEO	45.0	Officer	$637,442	$128,213	$765,655
GREG LOHRENTZ	SR VP OPERATIONS AND FINANCE	40.0	Officer	$421,208	$67,255	$488,463
PAUL CHAI	VP FOR INVESTMENTS/CIO	40.0	Officer	$358,329	$48,283	$406,612
STEPHANIE FROEHLICH	SR VP OF DEVELOPMENT	45.0	Key Emp	$296,243	$53,195	$349,438
ERIC HOLDERNESS	SR ASSOCIATE VP OF DEVELOPMENT	45.0	Highest	$203,737	$44,071	$247,808
CHRISTOPHER MILLS	AVP INFORMATION TECH AND INFRA	45.0	Highest	$190,666	$48,382	$239,048
JILL TREGO	VP CULTURE AND ENGAGEMENT	45.0	Highest	$182,937	$48,702	$231,639
SHEILA WALKER	AVP OF COLLEGIATE DEVELOPMENT	45.0	Highest	$182,051	$48,319	$230,370
DEBORAH TUTTLE	AVP FINANCE & ACCT, CONTROLLER	39.0	Officer	$152,858	$41,229	$194,087
SUSAN BERHOW	VP OF MARKETING & COMMUNICATIO	45.0	Highest	$147,555	$45,123	$192,678
CHRISTY SCOTT	AVP OF COMPLIANCE SERVICES	40.0	Officer	$149,538	$17,268	$166,806
MARY VANIER	CHAIR, BD OF DIRECTORS	1.0	Officer Director	$0	$0	$0
STEVE THEEDE	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
GABE HERNANDEZ	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
SUE BARSAMIAN	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
CANDY DUNCAN	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
CHARLENE LAKE	TREASURER, BD OF DIRECTORS	1.0	Officer Director	$0	$0	$0
DAMON HININGER	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
DAVID EVERITT	TREASURER, BD OF DIRECTORS	1.0	Officer Director	$0	$0	$0
JP BILBREY	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
JIM JOHNSON	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
KELLY LECHTENBERG	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
LEANN CARET	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
TIM OSWALT	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
RAY DEMPSEY	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
SABRINA SCHRINER	MEMBER, BD OF DIRECTORS	1.0	Director	$0	$0	$0
TIM TAYLOR	SECRETARY, BD OF DIRECTORS	1.0	Officer Director	$0	$0	$0
CHUCK WARTA	MEMBER, BD OF DIRECTORS	1.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$185,341,726	$139,708,363	$1,336,368,901	$45,633,363
2022	$256,518,677	$126,437,816	$1,256,682,544	$130,080,861
2021	$196,404,510	$105,571,499	$1,167,807,593	$90,833,011
2020	$132,355,724	$104,368,228	$892,914,031	$27,987,496
2019	$164,560,314	$112,710,784	$855,938,673	$51,849,530
2018	$130,950,585	$113,813,657	$771,823,779	$17,136,928

KANSAS STATE UNIVERSITY FOUNDATION