CLAFLIN UNIVERSITY (EIN 570314374) - 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

1869

Legal Domicile

Principal Officer

DR DWAUN WARMACK

Phone

8035355413

Tax Period

2023-07-01 to 2024-06-30

CLAFLIN UNIVERSITY, founded in 1869, is a mid-sized nonprofit in the Education sector that reported $79.0M in total revenue in fiscal year 2023. The organization ran a surplus of $13.0M, a strong 16% operating margin.

Mission

CLAFLIN UNIVERSITY IS AN INDEPENDENT, LIBERAL ARTS, CO-EDUCATIONAL, HISTORICALLY BLACK INSTITUTION THAT IS AFFILIATED WITH THE UNITED METHODIST CHURCH. IT IS DEDICATED TO EDUCATIONAL EXCELLENCE AND TO PREPARING STUDENTS WITHOUT REGARD TO GENDER, RACE, RELIGION OR ETHNIC ORIGIN. IT IS COMMITTED TO OFFERING QUALITY UNDERGRADUATE PROGRAMS, SELECT GRADUATE PROGRAMS, AND VIABLE CONTINUING EDUCATION OPPORTUNITIES. IN FISCAL YEAR 2024, APPROXIMATELY 2,600 STUDENTS WERE ENROLLED AT THE 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 $23,075,870

Program Service Revenue $43,886,488

Investment Income $12,232,754

Other Revenue $-151,811

TOTAL REVENUE $79,043,301

Expense Breakdown

Grants Paid $7,452,479

Salaries & Benefits $27,109,836

Fundraising Expenses $1,833,617

Program Expenses $43,016,828

Other Expenses $31,453,889

TOTAL EXPENSES $66,016,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,043,301	$73,755,606	+0.1%
Expenses	$66,016,204	$69,147,620	0.0%
Net Income	$13,027,097	$4,607,986	+1.8%

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

857

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

$1,978,366

Total Directors

Key Employees

$230,008

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES K LEHMAN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LESSIE B PRICE	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JANICE W MARSHALL	SECRETARY/CHAIR FACULTY AND CURR. COMMITTE	0.50	Officer Director	$0	$0	$0
JOAN S STEPHENS	ASSOCIATE SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM L THOMPSON	TREASURER (EX-OFFICIO)	0.50	Director	$0	$0	$0
KEITH M CLARKE	CHAIR BUILDING AND GROUND COMMITTEE	0.50	Director	$0	$0	$0
JESSICA AARON	CHAIR: NOMINATING COMMITTEE	0.50	Director	$0	$0	$0
APARNA BAWA	CHAIR: BUDGET AND FINANCE COMMITTEE	0.50	Director	$0	$0	$0
BISHOP DR ROBIN DEASE	CHAIR: AUDIT COMMITTEE	0.50	Director	$0	$0	$0
DR WILLIE L FRAZIER	CHAIR STUDENT AFFAIRS COMMITTEE	0.50	Director	$0	$0	$0
ARTIS HAMPSHIRE-COWAN	DIRECTOR	0.50	Director	$0	$0	$0
HEMA PATEL	DIRECTOR	0.50	Director	$0	$0	$0
REV DR JOHN O HERRING	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE LOENING	DIRECTOR	0.50	Director	$0	$0	$0
VIRGIL MILLER	DIRECTOR	0.50	Director	$0	$0	$0
DR TRUDIE K REED	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT SCARBOROUGH	DIRECTOR	0.50	Director	$0	$0	$0
REV DR ALBERT SHULER	DIRECTOR	0.50	Director	$0	$0	$0
JOHN D UPRICHARD	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES WINTON	DIRECTOR	0.50	Director	$0	$0	$0
BRIGIDARE GENERAL TWANDA YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
DR DWAUN J WARMACK	PRESIDENT	40.00	Officer	$542,465	$65,257	$607,722
TERESA HARDEE BOONE	EXECUTIVE VP AND COO	40.00	Officer	$247,445	$18,873	$266,318
ZIA HASAN	VP INSTITUTIONAL EFFECTIVENESS	40.00	Officer	$217,199	$8,648	$225,847
LEROY A DURANT	VP STUDENT DEVELOPMENT	40.00	Officer	$208,764	$15,996	$224,760
BARBARA CHAPPELL	INTERIM VP - INSTITUTIONAL ADV	40.00	Officer	$102,738	$12,399	$115,137
CLETRA PETERS	VICE PRESIDENT & CHIEF OF STAFF	40.00	Officer	$182,445	$23,673	$206,118
ASHLEY SCHOFIELD	INTERIM VP FOR FISCAL AFFAIRS	40.00	Officer	$175,983	$16,073	$192,056
REYNOLDA BROWN	VP - ENROLLMENT MANAGEMENT	40.00	Officer	$127,505	$12,903	$140,408
KARL WRIGHT	PROVOST/CHIEF ACADEMIC OFFICER	40.00	Key Emp	$201,463	$28,545	$230,008
SHIRLEY BIGGS	ASSOCIATE VP FOR HR/TITLE IX COORD.	40.00	Highest	$161,210	$11,036	$172,246
NICHOLAS HILL	DEAN SCHOOL OF BUSINESS	40.00	Highest	$152,279	$9,014	$161,293
ANTHONY PITTMAN	DEAN OF THE SCHOOL OF EDUCATION	40.00	Highest	$152,100	$7,564	$159,664
PRISCILLA ANDERSON	DIRECTOR OF INTERNAL AUDIT	40.00	Highest	$145,379	$5,923	$151,302
VERLIE TISDALE	INTERIM VICE PROVOST ACADEMIC PROG	40.00	Highest	$142,221	$19,819	$162,040

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	$79,043,301	$66,016,204	$172,994,315	$13,027,097
2023	No data	No data	No data	No data
2022	$90,488,927	$62,932,622	$159,550,066	$27,556,305
2021	$109,840,895	$53,418,871	$136,249,721	$56,422,024
2020	$59,372,100	$58,430,501	$97,581,089	$941,599
2019	$59,366,710	$64,713,822	$95,352,411	$-5,347,112
2018	$59,827,351	$59,393,523	$102,577,876	$433,828

CLAFLIN UNIVERSITY