CONVERSE UNIVERSITY (EIN 570314380) - 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

1889

Legal Domicile

Principal Officer

DR BOONE HOPKINS

Phone

8645969000

Tax Period

2024-07-01 to 2025-06-30

CONVERSE UNIVERSITY, founded in 1889, is a mid-sized nonprofit in the Education sector that reported $50.7M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $47.6M left a modest 6% surplus.

Mission

CONVERSE UNIVERSITY IS A LIBERAL ARTS COLLEGE WHICH OFFERS CO-ED UNDERGRADUATE AND GRADUATE DEGREES. CONVERSE ADVANCES A CULTURE OF BELONGING AND COLLABORATION THAT IGNITES CREATIVITY, INNOVATION, AND TRANSFORMATION.

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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 $12,095,068

Program Service Revenue $32,938,811

Investment Income $5,597,954

Other Revenue $56,799

TOTAL REVENUE $50,688,632

Expense Breakdown

Grants Paid $10,212,170

Salaries & Benefits $19,171,428

Fundraising Expenses $1,861,271

Program Expenses $40,118,204

Other Expenses $18,189,892

TOTAL EXPENSES $47,603,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,688,632	$41,481,296	+0.2%
Expenses	$47,603,490	$43,343,974	+0.1%
Net Income	$3,085,142	$-1,862,678	-2.7%

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

666

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

$754,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALLACE PRESTWOOD	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA REDDING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTY STONER	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLEN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
BRANT BYNUM	TRUSTEE	1.00	Director	$0	$0	$0
BRELAN MONTGOMERY	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS CANNON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SMART	TRUSTEE	1.00	Director	$0	$0	$0
DAWN DECK	TRUSTEE	1.00	Director	$0	$0	$0
DWIGHT VAN INWEGEN	TRUSTEE	1.00	Director	$0	$0	$0
EMILY RUSHING	TRUSTEE	1.00	Director	$0	$0	$0
FAIN MCDANIEL	TRUSTEE	1.00	Director	$0	$0	$0
JAY LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
KARLA JONES	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE FULMER	TRUSTEE	1.00	Director	$0	$0	$0
KIM KENT	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS SMITH	TRUSTEE	1.00	Director	$0	$0	$0
LYNN PETTUS	TRUSTEE	1.00	Director	$0	$0	$0
MICHEL STONE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL COTE	TRUSTEE	1.00	Director	$0	$0	$0
RHONDA COKER	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA MORELLI	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA WATSON	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON JAYNES	TRUSTEE	1.00	Director	$0	$0	$0
STEVE JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
STINSON FERGUSON	TRUSTEE	1.00	Director	$0	$0	$0
PALMER BALL	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
VALERIE DOWLING	TRUSTEE - EX OFFICIO	1.00	Director	$0	$0	$0
DR BOONE HOPKINS	PRESIDENT	40.00	Officer	$260,915	$52,752	$313,667
KRISTIN LACEY	VP OPERATIONS & CFO	40.00	Officer	$162,772	$36,945	$199,717
JAMIE GRANT-PONCE	VP FOR ENROLLMENT MANAGEMENT	40.00	Officer	$100,956	$11,933	$112,889
WILL CASE	PROVOST	40.00	Officer	$112,466	$15,653	$128,119
KESHIA JACKSON GILLIAM	ASSOCIATE VP OF HUMAN RESOURCES	40.00	Highest	$108,388	$32,765	$141,153
CORI MCCLURE	CHIEF INFORMATION OFFICER	40.00	Highest	$102,482	$22,806	$125,288
KIM JOLLEY	ASSISTANT VP FOR PHILANTHROPY	40.00	Highest	$106,738	$10,852	$117,590

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	$50,688,632	$47,603,490	$175,006,278	$3,085,142
2024	$41,481,296	$43,343,974	$174,133,562	$-1,862,678
2023	$34,748,113	$40,457,060	$166,255,853	$-5,708,947
2022	$42,193,359	$41,068,699	$167,325,059	$1,124,660
2021	$36,493,779	$35,340,779	$179,052,954	$1,153,000
2020	$32,684,072	$33,801,860	$163,727,605	$-1,117,788
2019	$34,881,079	$33,491,258	$163,257,031	$1,389,821
2018	$32,972,931	$32,892,252	$164,723,252	$80,679

CONVERSE UNIVERSITY