FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORP (EIN 562144768) - 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

1999

Legal Domicile

Principal Officer

DR ULYSSESS TAYLOR

Phone

9106721084

Tax Period

2023-07-01 to 2024-06-30

FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORP, founded in 1999, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2023. Revenue fell 123% from the prior year — a significant decline worth monitoring.

Mission

BUSINESS DEVELOPMENT USING BUSINESS INCUBATOR FOR AREA SURROUNDING FSU CAMPUS.

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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 $0

Program Service Revenue $0

Investment Income $-64,983

Other Revenue $0

TOTAL REVENUE $-64,983

Expense Breakdown

Grants Paid $442,576

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,722

Other Expenses $3,779

TOTAL EXPENSES $446,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-64,983	$279,813	-1.2%
Expenses	$446,355	$90,835	+3.9%
Net Income	$-511,338	$188,978	-3.7%

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

$201,782

Total Directors

$890,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ULYSSES TAYLOR	CHAIR	1.00	Officer Director	$0	$0	$201,782
CARRIE SUTTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DARRELL ALLISON	DIRECTOR	1.00	Director	$0	$0	$323,876
OMAR BELL	DIRECTOR	1.00	Director	$0	$0	$187,460
VICTOR SHARPE	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CARL MANNING	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY FOUNTAIN	DIRECTOR	1.00	Director	$0	$0	$176,940

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	$-64,983	$446,355	$1,548,348	$-511,338
2023	$279,813	$90,835	$2,059,687	$188,978
2022	$217,649	$36,665	$1,870,709	$180,984
2021	$123,995	$21,581	$1,689,724	$102,414
2020	$116,875	$32,473	$1,593,193	$84,402
2019	$134,699	$54,453	$1,522,406	$80,246

FAYETTEVILLE STATE UNIVERSITY DEVELOPMENT CORP