UNIVERSITY OF KANSAS MEMORIAL CORP… - 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

1921

Legal Domicile

Principal Officer

JACK KREDO

Phone

7858645215

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF KANSAS MEMORIAL CORPORATION, founded in 1921, is a mid-sized nonprofit in the Education sector that reported $42.6M in total revenue in fiscal year 2024.

Mission

THE MEMORIAL UNIONS FUNCTION AS A CONCESSIONAIRE TO THE UNIVERSITY OF KANSAS FOR THE PURPOSE OF OPERATING VARIOUS ENTERPRISES WITHIN THE KANSAS UNION BUILDING, THE BURGE UNION, THE DEBRUCE CENTER, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $40,164,788 Revenue: $40,825,478

THE KU MEMORIAL UNION SERVES AS KU'S COMMUNITY CENTER. BY ITS NATURE, IT PROVIDES AN ENVIRONMENT IN WHICH ALL VOICES CAN BE HEARD AND CONVERSATIONS CAN OCCUR. THROUGH OPENNESS, ENGAGEMENT AND...

THE KU MEMORIAL UNION SERVES AS KU'S COMMUNITY CENTER. BY ITS NATURE, IT PROVIDES AN ENVIRONMENT IN WHICH ALL VOICES CAN BE HEARD AND CONVERSATIONS CAN OCCUR. THROUGH OPENNESS, ENGAGEMENT AND INCLUSIVENESS, THE UNION SUPPORTS STUDENT ASPIRATIONS FOR A BETTER KU AND COMMUNITY-AT-LARGE. THROUGH ITS OPERATION OF THE KANSAS UNION, THE DEBRUCE CENTER, BURGE UNION, KU DINING SERVICES AND THE KU BOOKSTORE, THE UNION FACILITATES COMMUNITY EXCHANGE BY PROVIDING ENGAGING ENVIRONMENTS AND COMPELLING PROGRAMS FOR STUDENTS, STAFF, FACULTY, ALUMNI, AND VISITORS.KUMU FULFILLS ITS EXEMPT PURPOSE THROUGH: FOOD SERVICE AND RESIDENTIAL DINING BY PROVIDING MEALS FOR UNIVERSITY STUDENTS; UNION CONCESSIONS BY PROVIDING ADDITIONAL FOOD AND SUPPLIES TO UNIVERSITY STUDENTS; AND BOOKSTORE OPERATIONS BY PROVIDING SCHOOL BOOKS AND SUPPLIES TO UNIVERSITY STUDENTS.

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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 $34,259

Program Service Revenue $40,143,471

Investment Income $146,306

Other Revenue $2,240,931

TOTAL REVENUE $42,564,967

Expense Breakdown

Grants Paid $6,647

Salaries & Benefits $12,792,702

Fundraising Expenses $0

Program Expenses $40,164,788

Other Expenses $28,547,276

TOTAL EXPENSES $41,346,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,564,967	$41,564,322	+0.0%
Expenses	$41,346,625	$38,931,570	+0.1%
Net Income	$1,218,342	$2,632,752	-0.5%

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

962

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

$1,743,372

Total Directors

$2,385,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BICHELMEYER	CHAIR, PROVOST	1.00	Officer Director	$0	$55,623	$520,418
TAMMARA DURHAM	VICE PROVOST FOR STUDENT AFFAIRS	1.00	Officer Director	$0	$50,494	$313,652
JEFFREY DEWITT	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$47,145	$408,844
JASON HORNBERGER	VICE PROVOST FOR FINANCE	1.00	Officer Director	$0	$45,617	$329,670
JACK KREDO	EXECUTIVE DIRECTOR, KU MEMORIAL UNIONS	40.00	Officer Director	$142,615	$28,173	$170,788
JESSICA BOYLE	DIRECTOR, HR (TERM END 4/25)	40.00	Director	$107,184	$30,356	$137,540
BAILEE MYERS	DIRECTOR, MARKETING AND PROGRAMS	40.00	Director	$77,940	$5,979	$83,919
ALEX TODD	DIRECTOR, KU BOOKSTORE	40.00	Director	$93,393	$26,903	$120,296
LINDSAY ROBINSON	DIRECTOR, DINING	40.00	Director	$95,721	$27,074	$122,795
BRIAN BROXTERMAN	DIRECTOR, BUILDING SERVICES	40.00	Director	$106,399	$25,329	$131,728
MIKE AYRES	DIRECTOR, FINANCES	40.00	Director	$44,135	$1,622	$45,757
EMMA SAVILLE	BOARD MEMBER (TERM END 12/24)	1.00	Director	$0	$0	$0
SLOANE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN STOPPERAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDEN FALEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID COHEN	BOARD MEMBER	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	$42,564,967	$41,346,625	$34,473,767	$1,218,342
2024	No data	No data	No data	No data
2023	$38,163,662	$37,568,350	$32,665,399	$595,312
2022	$34,576,041	$33,987,086	$21,303,127	$588,955
2021	$30,628,882	$31,176,173	$24,860,896	$-547,291
2020	$29,194,763	$37,106,028	$26,943,334	$-7,911,265
2019	$43,861,776	$43,182,307	$26,964,826	$679,469
2018	$44,460,272	$42,978,885	$28,742,357	$1,481,387

UNIVERSITY OF KANSAS MEMORIAL CORPORATION