Memorial Union Corporation

EIN: 480770984 501(c)(3)

Emporia, KS

Total Revenue
$3,862,488
Total Expenses
$3,649,987
Total Assets
$3,508,164
Net Assets
$3,508,164
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1925
Legal Domicile
KS
Principal Officer
Carmen Leeds
Phone
6203415901
Tax Period
2024-07-01 to 2025-06-30

Memorial Union Corporation, founded in 1925, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 6% surplus.

Mission

Emporia State University's Memorial Union is the community center of the University, for students, faculty, administration, alumni and guests. The Union is a vital part of the educational and social life of 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,145
Program Service Revenue $3,702,999
Investment Income $151,344
Other Revenue $0
TOTAL REVENUE $3,862,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,417,260
Other Expenses $3,649,987
TOTAL EXPENSES $3,649,987

Year-over-Year Comparison

2024 2023 Change
Revenue $3,862,488 $3,369,941 +0.1%
Expenses $3,649,987 $3,261,702 +0.1%
Net Income $212,501 $108,239 +1.0%
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

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Governance

Voting Members
21
Independent Members
11
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
4
$381,376
Total Directors
22
$1,711,823
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cory Falldine President 1.00
Officer Director
$0 $27,065 $223,718
Kala Maxfield Secretary 1.00
Officer Director
$0 $7,572 $71,005
Azwad Arif Vice President 1.00
Officer Director
$0 $0 $0
Ken Hush Board Member 1.00
Director
$0 $48,188 $492,772
Abby Tubach Board Member 1.00
Director
$0 $0 $0
Angela Wolgram Board Member 1.00
Director
$0 $27,937 $183,039
Lindsay Bays Board Member 1.00
Director
$0 $22,385 $118,526
Tiffany Wilson Board Member 1.00
Director
$0 $16,474 $95,748
Pam Norton Board Member 1.00
Director
$0 $24,027 $132,030
Mallory Bishop Board Member 1.00
Director
$0 $13,551 $60,299
Dr Will Phillips Board Member 1.00
Director
$0 $25,477 $154,519
Taylor Kriley Board Member 1.00
Director
$0 $14,285 $108,423
Mike Torres Board Member 1.00
Director
$0 $13,036 $71,744
Carson Schafer Board Member 1.00
Director
$0 $0 $0
Maryanne Onwunuma Board Member 1.00
Director
$0 $0 $0
Elif Sena Aktas Board Member 1.00
Director
$0 $0 $0
Erica Lickteig Board Member 1.00
Director
$0 $0 $0
Hallie Munsey Board Member 1.00
Director
$0 $0 $0
Alayna McGuire Board Member 1.00
Director
$0 $0 $0
Cooper Davis Board Member 1.00
Director
$0 $0 $0
Savannah Hopper Board Member 1.00
Director
$0 $0 $0
Kate Boles Board Member 1.00
Director
$0 $0 $0
Carmen Leeds Executive Director / Secretary 40.00
Officer
$0 $15,654 $86,653
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 $732 $55 No data $677
2025 $3,862,488 $3,649,987 $3,508,164 $212,501
2024 $3,369,941 $3,261,702 $3,525,020 $108,239
2023 $3,390,469 $3,272,623 $3,411,622 $117,846
2021 $2,619,358 $2,890,503 $3,333,170 $-271,145
2021 $3,002,729 $2,770,709 $3,579,693 $232,020
2020 $2,999,257 $2,925,598 $3,323,657 $73,659
2019 $3,465,610 $3,256,754 $3,281,825 $208,856
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