GARDNER-WEBB UNIVERSITY

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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

1905

Legal Domicile

Principal Officer

NATHANIEL EVANS

Phone

7044064282

Tax Period

2024-07-01 to 2025-06-30

GARDNER-WEBB UNIVERSITY, founded in 1905, is a major nonprofit in the Education sector that reported $107.7M in total revenue in fiscal year 2024. Expenses of $103.4M left a modest 4% surplus.

Mission

THE UNIVERSITY STATEMENT OF VALUES CONSISTS OF CHRISTIAN HERITAGE, BAPTIST HERITAGE, ACADEMIC EXCELLENCE, LIBERAL ARTS, TEAMWORK, A STUDENT-CENTERED FOCUS, COMMUNITY ENGAGEMENT AND DIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $91,765,849 Revenue: $91,254,548

THE PRIMARY GOAL OF GARDNER-WEBB UNIVERSITY IS TO PROVIDE EDUCATION TO STUDENTS. THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREES. THE UNIVERSITY ENROLLED APPROXIMATELY 3,000...

THE PRIMARY GOAL OF GARDNER-WEBB UNIVERSITY IS TO PROVIDE EDUCATION TO STUDENTS. THE UNIVERSITY OFFERS UNDERGRADUATE, GRADUATE, AND DOCTORAL DEGREES. THE UNIVERSITY ENROLLED APPROXIMATELY 3,000 STUDENTS DURING 2024-2025 AND AWARDED APPROXIMATELY $32M IN SCHOLARSHIPS AND TUITION ASSISTANCE.

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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 $7,262,999

Program Service Revenue $90,972,421

Investment Income $9,191,860

Other Revenue $287,116

TOTAL REVENUE $107,714,396

Expense Breakdown

Grants Paid $35,604,236

Salaries & Benefits $34,667,991

Fundraising Expenses $874,743

Program Expenses $91,765,849

Other Expenses $33,086,387

TOTAL EXPENSES $103,358,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,714,396	$101,871,457	+0.1%
Expenses	$103,358,614	$99,861,154	+0.0%
Net Income	$4,355,782	$2,010,303	+1.2%

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

1241

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

$564,328

Total Directors

Key Employees

$426,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY H SMITH	CHAIR (THRU 12/2024)	1.00	Officer Director	$0	$0	$0
LAMONT LITTLEJOHN	CHAIR (AS OF 1/2025)	1.00	Officer Director	$0	$0	$0
LISA TUCKER	TREASURER (THRU 12/2024)	1.00	Officer Director	$0	$0	$0
TOM BELL	SECRETARY (AS OF 1/2025)	1.00	Officer Director	$0	$0	$0
DAVID BRINKLEY	VICE CHAIR (AS OF 1/2025)	1.00	Officer Director	$0	$0	$0
ED COOK	TRUSTEE	1.00	Director	$0	$0	$0
VERHONDA CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
BILL ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS GASH	TRUSTEE	1.00	Director	$0	$0	$0
TERESA HAMRICK HUGGINS	TRUSTEE (THRU 12/2024)	1.00	Director	$0	$0	$0
DELAINA ADAMS JONES	TRUSTEE (THRU 12/2024)	1.00	Director	$0	$0	$0
JESSE SPRINKLE	TREASURER (AS OF 1/2025)	1.00	Officer Director	$0	$0	$0
JOHN TEETER	TRUSTEE (THRU 12/2024)	1.00	Director	$0	$0	$0
JENSEN TURNER	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP TURNER	TRUSTEE	1.00	Director	$0	$0	$0
ARCHIE WOOD	TRUSTEE	1.00	Director	$0	$0	$0
REV RAY HARDEE	TRUSTEE (AS OF 1/2025)	1.00	Director	$0	$0	$0
DR ASHLEY LOWERY	TRUSTEE (AS OF 1/2025)	1.00	Director	$0	$0	$0
CINDY PUTNAM-EVANS	TRUSTEE (AS OF 1/2025)	1.00	Director	$0	$0	$0
REV JOHNNY SEARIGHT	TRUSTEE (AS OF 1/2025)	1.00	Director	$0	$0	$0
LINDA SHELTON	TRUSTEE (AS OF 1/2025)	1.00	Director	$0	$0	$0
WILLIAM M DOWNS	PRESIDENT (THRU 2/2025)	40.00	Officer	$492,372	$71,956	$564,328
KAREN AUBREY	PROVOST	40.00	Key Emp	$201,570	$12,157	$213,727
MICHAEL WHITEMAN	VP FOR BUSINESS AND FINANCE	40.00	Key Emp	$174,562	$37,840	$212,402
DEAN CLARK	VP FOR ENROLLMENT	40.00	Highest	$158,227	$19,484	$177,711
ANDREW GOODRICH	VP FOR ATHLETICS	40.00	Highest	$198,264	$28,466	$226,730
PRINCE HYCY BULL	PROFESSOR	40.00	Highest	$194,276	$9,582	$203,858
CHRISTOPHER REISERT	FOOTBALL COACH	40.00	Highest	$187,242	$35,954	$223,196
NATHANIEL EVANS	VP, ADVANCEMENT/INTERIM PRESIDENT	40.00	Highest	$161,223	$23,341	$184,564

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	$107,714,396	$103,358,614	$167,560,889	$4,355,782
2024	No data	No data	No data	No data
2023	$97,349,269	$99,286,236	$154,233,950	$-1,936,967
2022	$103,135,532	$98,819,790	$153,582,895	$4,315,742
2021	$100,956,877	$95,283,903	$163,499,840	$5,672,974
2020	$91,458,586	$94,505,307	$150,371,986	$-3,046,721
2019	$93,664,938	$92,406,249	$157,622,923	$1,258,689