K-STATE UNION CORPORATION D/B/A K-… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

ERIK KAHL

Phone

7855326575

Tax Period

2024-07-01 to 2025-06-30

K-STATE UNION CORPORATION D/B/A K-STATE STUDENT UNION, founded in 1962, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.6M left a modest 9% surplus.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE PRODUCTS AND SERVICES TO THE KANSAS STATE UNIVERSITY COMMUNITY TO MEET ITS EDUCATIONAL MISSION.

Program Service Accomplishments

Program 1

Expenses: $474,634 Revenue: $559,849

THE UNION'S FRANCHISE OPERATIONS PROVIDE ONE EATING ESTABLISHMENT FOR OUR CAMPUS COMMUNITY WHILE EMPLOYING BETWEEN 20-30 STUDENTS. THE RESTAURANT OFFERS A WIDE VARIETY OF FOODS ALONG WITH VALUE MEALS...

Program 2

Expenses: $62,518 Revenue: $251,550

FOOD LEASE OPERATIONS ARE CONTRACTED RETAIL BUSINESSES OPERATING INSIDE THE K-STATE UNION, INCLUDING SEVERAL RESTAURANTS. THESE VARIOUS RETAILERS OFFER CONVENIENT SERVICES TO STUDENTS WITHOUT THEM...

FOOD LEASE OPERATIONS ARE CONTRACTED RETAIL BUSINESSES OPERATING INSIDE THE K-STATE UNION, INCLUDING SEVERAL RESTAURANTS. THESE VARIOUS RETAILERS OFFER CONVENIENT SERVICES TO STUDENTS WITHOUT THEM HAVING TO LEAVE CAMPUS.

Program 3

Expenses: $1,805,110 Revenue: $3,447,722

BESIDES RESTAURANTS, VARIOUS BUSINESSES ARE LOCATED INSIDE THE UNION FOR THE CONVENIENCE AND RECREATIONAL USE OF THE K-STATE CAMPUS COMMUNITY. A BOWLING CENTER, ENGRAVING SERVICES, ROOM SPACE/RENTAL, PASSPORTS FOR INTERNATIONAL TRAVEL AND AN ID CENTER ARE ALL OPERATED UNDER THE MANAGEMENT OF THE UNION CORPORATION.

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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 $100,573

Program Service Revenue $3,386,179

Investment Income $243,955

Other Revenue $1,358,837

TOTAL REVENUE $5,089,544

Expense Breakdown

Grants Paid $8,800

Salaries & Benefits $2,711,680

Fundraising Expenses $0

Program Expenses $2,292,967

Other Expenses $1,895,906

TOTAL EXPENSES $4,616,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,089,544	$5,434,581	-0.1%
Expenses	$4,616,386	$4,800,350	0.0%
Net Income	$473,158	$634,231	-0.3%

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

202

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

$600,200

Total Directors

$1,424,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARSON CUESTA	PRESIDENT	5.00	Officer Director	$0	$0	$0
SAMANTHA SUCHANEK	CO-VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
VIVIAN GRIFFITH	CO-VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ETHAN ERICKSON	TREASURER	1.00	Officer Director	$0	$50,932	$380,750
THOMAS LANE	BOARD MEMBER	1.00	Director	$0	$25,310	$280,268
MARSHALL STEWART	BOARD MEMBER	1.00	Director	$0	$28,590	$442,735
DEREK JACKSON	BOARD MEMBER	1.00	Director	$0	$21,233	$189,318
ANTHONY WARNICK	BOARD MEMBER	1.00	Director	$0	$9,503	$71,435
MARISSA FITTS	BOARD MEMBER	1.00	Director	$0	$7,210	$59,608
BRENT FREEMAN	UNION DIRECTOR	40.00	Officer	$47,136	$3,499	$50,635
KURT OHLENBUSCH	ASSISTANT DIRECTOR OF BUSI	40.00	Officer	$59,280	$145	$59,425
CRAIG JOHNSON	INTERIM UNION DIRECTOR	40.00	Officer	$98,194	$11,196	$109,390

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	$5,089,544	$4,616,386	$9,322,235	$473,158
2024	$5,434,581	$4,800,350	$8,809,750	$634,231
2023	$5,482,714	$4,271,959	$8,168,910	$1,210,755
2022	$4,559,696	$3,663,510	$7,214,331	$896,186
2021	$3,611,766	$3,402,592	$6,304,819	$209,174
2020	$4,819,914	$4,595,324	$6,148,614	$224,590
2019	$5,525,396	$5,233,407	$6,125,392	$291,989

K-STATE UNION CORPORATION D/B/A K-STATE STUDENT UNION