BLUEFIELD UNIVERSITY

EIN: 540568200 501(c)(3) Education

BLUEFIELD, VA

Total Revenue
$28,205,758
Total Expenses
$30,451,382
Total Assets
$32,589,898
Net Assets
$14,539,472
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
VA
Principal Officer
MELANIE L SARVER
Phone
2763263682
Tax Period
2023-07-01 to 2024-06-30

BLUEFIELD COLLEGE, founded in 1922, is a mid-sized nonprofit in the Education sector that reported $24.0M in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE STUDENT INSTRUCTION, SCHOLARSHIPS, ACADEMIC SUPPORT, AND OTHER SERVICES TO ITS STUDENTS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,798,763
Program Service Revenue $25,774,684
Investment Income $522,179
Other Revenue $110,132
TOTAL REVENUE $28,205,758

Expense Breakdown

Grants Paid $8,136,825
Salaries & Benefits $9,369,150
Fundraising Expenses $280,055
Program Expenses $21,893,561
Other Expenses $12,945,407
TOTAL EXPENSES $30,451,382

Year-over-Year Comparison

2023 2022 Change
Revenue $28,205,758 $25,908,052 +0.1%
Expenses $30,451,382 $27,140,729 +0.1%
Net Income $-2,245,624 $-1,232,677 +0.8%
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

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Governance

Voting Members
21
Independent Members
19
Employees
360
Volunteers
1

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
4
$202,938
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C TODD ASBURY BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID BAILEY JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
JACKSON E REASOR JR BOARD CHAIR 1.50
Officer Director
$0 $0 $0
CRAIG F STOUT BOARD TRUSTEE 1.50
Director
$0 $0 $0
JOHN P BECKETT JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
CINDY CARTER BOARD TRUSTEE 1.50
Director
$0 $0 $0
TERRI N COLE BOARD TRUSTEE 1.50
Director
$0 $0 $0
RON HALL BOARD TRUSTEE 1.50
Director
$0 $0 $0
HEATHER HARRIS BOARD TRUSTEE 1.50
Director
$0 $0 $0
ROBERT BOB HOUCK BOARD TRUSTEE 1.50
Director
$0 $0 $0
JULIE H JOHNSON BOARD TRUSTEE 1.50
Director
$0 $0 $0
ELIZABETH KEENE BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID KIRK BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID T LARIMER II BOARD TRUSTEE 1.50
Director
$0 $0 $0
CHRIS LAWSON BOARD VICE CHAIR 1.50
Officer Director
$0 $0 $0
PHYLLIS MARCOM BOARD TRUSTEE 1.50
Director
$0 $0 $0
SARAH REID BOARD SECRETARY 1.50
Officer Director
$0 $0 $0
JOHN ROCOVICH JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
THOMAS R SCOTT JR BOARD TRUSTEE 1.50
Director
$0 $0 $0
DIXIE TOOKE-RAWLINS BOARD TRUSTEE 1.50
Director
$0 $0 $0
MICHAEL A WADE BOARD TRUSTEE 1.50
Director
$0 $0 $0
LAMONT WOODS BOARD TRUSTEE 1.50
Director
$0 $0 $0
DAVID OLIVE PRESIDENT 50.00
Officer
$183,729 $19,209 $202,938
MARY RUTH BLANKENSHIP VP FOR FINANCE AND ADMINISTRATION 50.00
Highest
$132,389 $2,305 $134,694
ANGELA CLINE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 50.00
Highest
$119,514 $4,167 $123,681
KARL HATTON VP FOR ENROLLMENT MANAGEMENT 50.00
Highest
$110,310 $464 $110,774
MICHAEL SALMEIER VICE PRESIDENT FOR INTERCOLLEGIATE ATHLETICS 50.00
Highest
$114,267 $1,825 $116,092
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 No data No data No data No data
2024 $28,205,758 $30,451,382 $32,589,898 $-2,245,624
2023 $25,908,052 $27,140,729 $32,971,618 $-1,232,677
2022 $30,387,501 $28,249,711 $33,458,271 $2,137,790
2021 $29,495,774 $28,903,107 $32,438,996 $592,667
2020 $28,447,621 $27,509,026 $29,696,010 $938,595
2019 $27,349,341 $27,868,609 $29,212,834 $-519,268
2018 $24,009,096 $23,568,909 $26,461,151 $440,187
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