Livingstone College (EIN 560603922) - 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

1905

Legal Domicile

Principal Officer

Greg Petzke

Phone

7042166025

Tax Period

2023-07-01 to 2024-06-30

Livingstone College, founded in 1905, is a mid-sized nonprofit in the Education sector that reported $36.9M in total revenue in fiscal year 2023. Net assets of $80.9M represent 26 months of operating reserves.

Mission

The mission of the College is to prepare students personally, socially, and intellectually to effectively function in a global and technological society.

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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 $16,108,114

Program Service Revenue $19,847,821

Investment Income $191,873

Other Revenue $766,415

TOTAL REVENUE $36,914,223

Expense Breakdown

Grants Paid $6,096,171

Salaries & Benefits $2,239,881

Fundraising Expenses $677,409

Program Expenses $26,235,944

Other Expenses $29,925,622

TOTAL EXPENSES $38,261,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,914,223	$38,000,551	0.0%
Expenses	$38,261,674	$40,857,554	-0.1%
Net Income	$-1,347,451	$-2,857,003	-0.5%

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

470

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

$2,239,881

Total Directors

$390,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Anthony J Davis	President	040.00	Officer Director	$390,041	$0	$390,041
Ms Dawn B McNair	Vice President of Academic Affairs	040.00	Officer	$225,000	$11,250	$236,250
Mr Greg Petzke	CFO/Vice President for Business Finance	040.00	Officer	$200,000	$10,000	$210,000
Ms Maria Lumpkin	Vice President of Facilities, Infrastructure	040.00	Officer	$180,000	$9,000	$189,000
Dr Jacqueline Flowers Miller	Vice President of Human Resources	040.00	Officer	$170,000	$1,700	$171,700
Ms Carolyn Duncan	Vice President of Institutional Effectiveness, Special and Sponsored Programs	040.00	Officer	$167,500	$0	$167,500
Dr State W Alexander III	Executive Assistant to the President	040.00	Officer	$130,000	$6,500	$136,500
Mr Anthony Brooks	Vice President of Enrollment Management	040.00	Officer	$130,000	$6,500	$136,500
Dr Orlando Lewis	Vice President of Student Affairs	040.00	Officer	$130,000	$3,600	$133,600
Mr Reginald Roberts Sr	Chief of Police/Vice President of Public Safety	040.00	Officer	$120,000	$1,200	$121,200
Mr Clifton Huff	Athletic Director	040.00	Officer	$113,000	$5,750	$118,750
Ms Ginger Cartwright	Legal Counsel	040.00	Officer	$110,000	$5,440	$115,440
Mr Pete Teague	Special Assistant to the President for Community Development	040.00	Officer	$108,000	$5,400	$113,400
Attorney Joel G Bowden	Board Member	001.00	Director	$0	$0	$0
Mr Nigel Alston	Board Member	001.00	Director	$0	$0	$0
Dr James R Gavin III	Board Member	001.00	Director	$0	$0	$0
Bishop George D Crenshaw	Board Member	001.00	Director	$0	$0	$0
Bishop Hilliard Dogbe	Board Member	001.00	Director	$0	$0	$0
Bishop U U Effiong	Board Member	001.00	Director	$0	$0	$0
Bishop W Darin Moore	Vice Chairperson	001.00	Officer Director	$0	$0	$0
Bishop Darryl B Starnes Sr	Chairperson	001.00	Officer Director	$0	$0	$0
Ms Leslie A Carter	Board Member	001.00	Director	$0	$0	$0
Reverend Dr Dwayne Walker	Chaplain	001.00	Officer Director	$0	$0	$0
Mr Robert Marshall	Assistant Treasurer	001.00	Officer Director	$0	$0	$0
Dr Richard Rolle Jr	Board Member	001.00	Director	$0	$0	$0
Ms Wendee Marie Bailey	Board Member	001.00	Director	$0	$0	$0
Dr T Antonio Landers	Board Member	001.00	Director	$0	$0	$0
Mr Thomas Penny III	Board Member	001.00	Director	$0	$0	$0
Mr Bruce Stanback	Board Member	001.00	Director	$0	$0	$0
Rev Patrick A Barrett II	Board Member	001.00	Director	$0	$0	$0
Rev Al C Hamilton	Board Member	001.00	Director	$0	$0	$0
Bishop Eric Leake	Board Member	001.00	Director	$0	$0	$0
Bishop Brian R Thompson Jr	Board Member	001.00	Director	$0	$0	$0
Rev Da'Tarvia Parrish	Board Member	001.00	Director	$0	$0	$0
Dr Monica J Posey	Board Member	001.00	Director	$0	$0	$0
Dr Kenston Griffin	Board Member	001.00	Director	$0	$0	$0
Ms Elmira Gwynn	Board Member	001.00	Director	$0	$0	$0
Bishop Melanie Miller	Secretary	001.00	Officer Director	$0	$0	$0
Bishop Daran H Mitchell	Board Member	001.00	Director	$0	$0	$0
Bishop Bernado J Ngunza	Board Member	001.00	Director	$0	$0	$0
Miss Ne'Khia Ray	Board Member	001.00	Director	$0	$0	$0
Bishop Anthony N Witherspoon	Board Member	001.00	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	$36,914,223	$38,261,674	$100,144,198	$-1,347,451
2023	$38,000,551	$40,857,554	$94,402,165	$-2,857,003
2022	$41,830,607	$39,251,730	$90,055,878	$2,578,877
2021	$42,495,436	$38,692,388	$87,006,001	$3,803,048
2020	$37,955,439	$35,409,950	$83,467,495	$2,545,489
2019	$35,556,202	$34,749,188	$74,842,116	$807,014
2018	$34,165,494	$35,156,221	$71,562,733	$-990,727

Livingstone College