GLENVILLE STATE UNIVERSITY FOUNDAT… - 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

1961

Legal Domicile

Principal Officer

DAVID HUTCHISON

Phone

3044624125

Tax Period

2023-07-01 to 2024-06-30

GLENVILLE STATE UNIVERSITY FOUNDATION INC, founded in 1961, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 53% operating margin.

Mission

THE GLENVILLE STATE COLLEGE FOUNDATION, INC IS FOCUSED ON THE RAISING OF FUNDS FROM NON-STATE SOURCES TO ASSIST GLENVILLE STATE COLLEGE IN REACHING ITS MISSION. WE ACHIEVE THIS GOAL THROUGH ACTIVELY SOLICITING FUNDS THROUGH OUR ANNUAL FUND, SCHOLARSHIP ENDOWMENTS AND MONIES FROM LARGER FOUNDATIONS. THESE MONIES ARE THEN AWARDED TO DESERVING STUDENTS THROUGH ANNUAL SCHOLARSHIPS AND ACADEMIC AWARDS.

Program Service Accomplishments

Program 1

Expenses: $904,545

RECEIVE AND PROVIDE FUNDS FOR SCHOLARSHIPS GIVEN FOR ACADEMIC AND ATHLETIC ACHIEVEMENTS TO STUDENTS

Program 2

Expenses: $1,727,779

RECEIVE AND PROVIDE FUNDS FOR GENERAL EDUCATION PURPOSES OF GLENVILLE STATE COLLEGE

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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 $4,269,948

Program Service Revenue $0

Investment Income $1,718,780

Other Revenue $604,527

TOTAL REVENUE $6,593,255

Expense Breakdown

Grants Paid $2,440,452

Salaries & Benefits $212,697

Fundraising Expenses $142,718

Program Expenses $2,632,324

Other Expenses $476,308

TOTAL EXPENSES $3,129,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,593,255	$5,547,547	+0.2%
Expenses	$3,129,457	$4,442,026	-0.3%
Net Income	$3,463,798	$1,105,521	+2.1%

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

Total Directors

$129,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA PETTIT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WESTFALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY LEE MCPHERSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TIMOTHY BUTCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HUTCHISON	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$129,246
BRENT BOGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LAW	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG CUNNINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BLAND STRICKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMMY GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MINIGH	BOARD MEMBER	1.00	Director	$0	$0	$0
STERLING BEANE JR	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SKINNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN GILDEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN LAY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL REALE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK A MANCHIN	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA O'BRIEN	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	No data	No data	No data	No data
2024	$6,593,255	$3,129,457	$29,270,745	$3,463,798
2023	$5,547,547	$4,442,026	$24,729,641	$1,105,521
2022	$4,974,166	$2,346,183	$22,168,448	$2,627,983
2021	$5,331,543	$1,656,230	$22,978,959	$3,675,313
2020	$1,794,332	$1,774,867	$16,566,924	$19,465
2019	$3,978,412	$2,835,727	$16,775,880	$1,142,685

GLENVILLE STATE UNIVERSITY FOUNDATION INC