MIDAMERICA NAZERENE UNIVERSITY FOUNDATION (EIN 480996330) - 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

1984

Legal Domicile

Principal Officer

G TODD GARRETT

Phone

9139713600

Tax Period

2024-07-01 to 2025-06-30

MIDAMERICA NAZERENE UNIVERSITY FOUNDATION, founded in 1984, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $13.2M exceeded revenue, resulting in a 46% operating deficit.

Mission

SUPPORT FOR MIDAMERICA NAZARENE UNIVERSITY THROUGH SCHOLARSHIP FUNDS AND OTHER ASSISTANCE

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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 $7,533,430

Program Service Revenue $0

Investment Income $1,555,091

Other Revenue $-79,492

TOTAL REVENUE $9,009,029

Expense Breakdown

Grants Paid $12,988,154

Salaries & Benefits $0

Fundraising Expenses $45,489

Program Expenses $12,988,154

Other Expenses $187,120

TOTAL EXPENSES $13,175,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,009,029	$10,763,769	-0.2%
Expenses	$13,175,274	$5,843,755	+1.3%
Net Income	$-4,166,245	$4,920,014	-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

$334,095

Total Directors

$605,568

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID J SPITTAL	DIRECTOR	1.00	Director	$0	$646	$205,763
DR JON D NORTH	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$30,799	$176,005
DARREL W ANDERSON	DIRECTOR AND TREASURER	1.00	Officer Director	$0	$15,951	$158,090
CHRISTA C JENKINS	DIRECTOR	1.00	Director	$0	$0	$65,710
KEVIN P GILMORE	DIRECTOR AND CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES J NUNAMAKER	DIRECTOR AND VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH B COX	DIRECTOR AND SECRETARY	1.00	Officer Director	$0	$0	$0
DOUGLAS L DIEHL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
LARRY D MCINTIRE	DIRECTOR	1.00	Director	$0	$0	$0
DR DANIEL D REXROTH	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	$9,009,029	$13,175,274	$27,289,628	$-4,166,245
2024	$10,763,769	$5,843,755	$31,141,189	$4,920,014
2023	$7,089,930	$5,384,356	$24,652,573	$1,705,574
2022	$7,052,350	$18,141,818	$20,829,524	$-11,089,468
2021	$5,983,662	$5,963,051	$32,356,116	$20,611
2020	$9,276,131	$3,292,785	$29,396,620	$5,983,346
2019	$9,058,828	$3,162,410	$23,143,738	$5,896,418
2018	$5,600,530	$3,281,234	$16,675,939	$2,319,296

MIDAMERICA NAZERENE UNIVERSITY FOUNDATION