MORGAN STATE UNIV ALUMNI ASSN INC (EIN 522333675) - 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

2001

Legal Domicile

Principal Officer

HEIDI BRUCE

Phone

4438853015

Tax Period

2024-07-01 to 2025-06-30

MORGAN STATE UNIV ALUMNI ASSN INC, founded in 2001, is a small nonprofit in the Education sector that reported $333K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $390K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Morgan State University Alumni Association of Morgan State University exists to assist the University in her mission as a historically black urban university through the collective effort of the National Network of her alumni.

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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 $277,306

Program Service Revenue $0

Investment Income $56,082

Other Revenue $0

TOTAL REVENUE $333,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,915

Other Expenses $389,759

TOTAL EXPENSES $389,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$333,388	$272,574	+0.2%
Expenses	$389,759	$290,031	+0.3%
Net Income	$-56,371	$-17,457	+2.2%

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
MONIQUE ANTOINE	1st VICE PRESIDENT	10.00	Director	$0	$0	$0
MICHAEL BELL	PRESIDENT	20.00	Director	$0	$0	$0
DEBORAH SAVOY	2nd VICE PRESIDENT	10.00	Director	$0	$0	$0
MARTIN OPRAH	TREASURER	20.00	Director	$0	$0	$0
MICHELLE ANGU	FINANCIAL SECRETARY	20.00	Director	$0	$0	$0
EBONEE KNIGHT	SECRETARY	20.00	Director	$0	$0	$0
HEIDI BRUCE	EXECUTIVE DIRECTOR	40.00	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	$333,388	$389,759	$940,094	$-56,371
2024	$272,574	$290,031	$996,485	$-17,457
2023	$192,904	$216,010	$952,994	$-23,106
2022	$150,678	$118,439	$967,687	$32,239
2021	$208,044	$98,445	$983,179	$109,599
2020	$175,329	$127,321	$751,125	$48,008
2019	$167,337	$192,620	$702,987	$-25,283

MORGAN STATE UNIV ALUMNI ASSN INC