NORFOLK STATE UNIVERSITY ALUMNI ASSOCIATION INCORPORATED (EIN 522330337) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

Antonio Harrison

Phone

7578238135

Tax Period

2024-07-01 to 2025-06-30

NORFOLK STATE UNIVERSITY ALUMNI ASSOCIATION INCORPORATED, founded in 2003, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2023. The organization ran a surplus of $76K, a strong 43% operating margin.

Mission

To organize, develop, and encourage interest to promote the educational objectives and activities of Norfolk State University

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $109,905

Program Service Revenue $0

Investment Income $17,919

Other Revenue $28,917

TOTAL REVENUE $156,741

Expense Breakdown

Grants Paid $49,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,850

Other Expenses $55,126

TOTAL EXPENSES $104,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,741	$176,465	-0.1%
Expenses	$104,976	$100,492	+0.0%
Net Income	$51,765	$75,973	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Antonio Harrison	President	15	Officer	$0	$0	$0
Danielle Jones	1st Vice President	2	Officer	$0	$0	$0
Renee Grant	2nd Vice President	10	Officer	$0	$0	$0
Shelvee Osborne	Treasurer	10	Officer	$0	$0	$0
Latoya Hines	Corresponding Secretary	2	Officer	$0	$0	$0
Dedra Riddick	Recording Secretary	5	Officer	$0	$0	$0
Traci Boone	Financial Secretary	1	Officer	$0	$0	$0
Ricky Felton	Chaplain	1	Officer	$0	$0	$0
Chloe Jones	Parliamentarian	1	Officer	$0	$0	$0
James Harris	Immediate Past President	2	Officer	$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	$156,741	$104,976	$525,493	$51,765
2024	$176,465	$100,492	$469,591	$75,973

NORFOLK STATE UNIVERSITY ALUMNI ASSOCIATION INCORPORATED