EAST TENNESSEE STATE UNIVERSITY RE… - 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

Principal Officer

DAVID GOLDEN JD

Phone

4234396000

Tax Period

2023-07-01 to 2024-06-30

EAST TENNESSEE STATE UNIVERSITY RESEARCH FOUNDATION is a small nonprofit in the Education sector that reported $594K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 20% operating margin.

Mission

TO SUPPORT UNIVERSITY RESEARCH, SCHOLARY AND ARTISTIC ACTIVITIES AT EAST TENNESSEE STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $475,191 Revenue: $198,575

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR PURPOSES RELATED TO THE RESEARCH, PUBLIC SERVICE, AND INSTRUCTIONAL FUNCTIONS OF EAST TENNESSEE STATE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $378,190

Program Service Revenue $198,575

Investment Income $5,070

Other Revenue $12,033

TOTAL REVENUE $593,868

Expense Breakdown

Grants Paid $13,134

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $475,191

Other Expenses $462,057

TOTAL EXPENSES $475,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,868	$363,423	+0.6%
Expenses	$475,191	$251,209	+0.9%
Net Income	$118,677	$112,214	+0.1%

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

$713,241

Total Directors

$1,967,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BLOCK	DIRECTOR	1.00	Director	$0	$0	$684,856
DR BRIAN NOLAND	CHAIRMAN	1.00	Officer Director	$0	$0	$503,321
KIMBERLY MCCORKLE	DIRECTOR	1.00	Director	$0	$0	$304,075
DR DAVID R WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$265,099
DAVID GOLDEN JD	CEO	1.00	Officer Director	$0	$0	$209,920
CAROL CLAYSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
DENISE GRANT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT NISWONGER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA GRAHAM	CFO	1.00	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	No data	No data	No data	No data
2024	$593,868	$475,191	$1,829,720	$118,677
2023	$363,423	$251,209	$942,800	$112,214
2022	$217,607	$64,010	$837,909	$153,597
2021	$194,320	$136,297	$684,676	$58,023
2020	$165,704	$155,157	$610,611	$10,547
2019	$217,179	$134,455	$620,376	$82,724
2018	$293,627	$236,399	$574,815	$57,228

EAST TENNESSEE STATE UNIVERSITY RESEARCH FOUNDATION