ANDERSON UNIVERSITY (EIN 570324906) - 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

1911

Legal Domicile

Principal Officer

EVANS P WHITAKER

Phone

8642315708

Tax Period

2024-06-01 to 2025-05-31

ANDERSON UNIVERSITY, founded in 1911, is a major nonprofit in the Education sector that reported $177.4M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $154.9M left a modest 13% surplus.

Mission

ANDERSON UNIVERSITY IS AN ACADEMIC COMMUNITY AFFILIATED WITH THE SC BAPTIST CONVENTION.

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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 $26,466,501

Program Service Revenue $146,769,037

Investment Income $4,068,464

Other Revenue $115,348

TOTAL REVENUE $177,419,350

Expense Breakdown

Grants Paid $54,856,472

Salaries & Benefits $54,914,883

Fundraising Expenses $2,128,227

Program Expenses $138,171,804

Other Expenses $44,824,900

TOTAL EXPENSES $154,911,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,419,350	$148,382,342	+0.2%
Expenses	$154,911,872	$145,963,910	+0.1%
Net Income	$22,507,478	$2,418,432	+8.3%

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

1871

Volunteers

328

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

$1,908,478

Total Directors

Key Employees

$239,723

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR SHAWN MCGEE	TRUSTEE, CHAIR	1.00	Officer Director	$0	$0	$0
MR D RODNEY BACK	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
MR KIP MILLER	TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
MRS MARY ANNE W BUNTON	TRUSTEE (PART YEAR), CHAIR (PART YEAR)	1.00	Officer Director	$0	$0	$0
DR JACK E SHAW	TRUSTEE (PART YEAR), VICE CHAIR (PART YEAR)	1.00	Officer Director	$0	$0	$0
REV ED STEWART	TRUSTEE, SECRETARY	1.00	Officer Director	$0	$0	$0
REV MICHAEL BEARDEN	TRUSTEE	1.00	Director	$0	$0	$0
MR WESLEY BRASHIER	TRUSTEE	1.00	Director	$0	$0	$0
MR HUGH BURGESS	TRUSTEE	1.00	Director	$0	$0	$0
MRS NANCY CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
MR ROGER COX	TRUSTEE	1.00	Director	$0	$0	$0
MR JOEL DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
DR RUDY GRAY	TRUSTEE	1.00	Director	$0	$0	$0
MR DON HARPER	TRUSTEE	1.00	Director	$0	$0	$0
MRS MICKEY HYMAN	TRUSTEE	1.00	Director	$0	$0	$0
DR BENJAMIN W LITTLEJOHN JR	TRUSTEE	1.00	Director	$0	$0	$0
MR BRIAN MCKAY	TRUSTEE	1.00	Director	$0	$0	$0
MR JAY MCSWAIN	TRUSTEE	1.00	Director	$0	$0	$0
DR CONDY RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
MR NORMAN C SATTERWHITE	TRUSTEE	1.00	Director	$0	$0	$0
DR BENJAMIN SMOAK	TRUSTEE	1.00	Director	$0	$0	$0
MR DAVID WALKER	TRUSTEE	1.00	Director	$0	$0	$0
MR MICHAEL S WILSON	TRUSTEE	1.00	Director	$0	$0	$0
DR ROBERT G WINBURN	TRUSTEE	1.00	Director	$0	$0	$0
DR MARGARET WOOTEN	TRUSTEE	1.00	Director	$0	$0	$0
MR GEORGE WYATT	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
MR LEONARD L BROWN JR	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
DR EDWARD M CARNEY	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
MR GERALD J CASKEY	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
DR EVANS P WHITAKER	PRESIDENT	60.00	Officer	$833,457	$121,218	$954,675
MR JAMES WAYNE LANDRITH	SR VP DEVELOPMENT & PRESIDENTIAL AFFAIRS	40.00	Officer	$208,732	$43,564	$252,296
DR DAVID OMAR RASHED	SR VP ADMINISTRATION, BRAND & STRATEGIC PLANNING	40.00	Officer	$207,097	$55,475	$262,572
DR REGINALD GAY	VP AND UNIVERSITY COUNSEL	40.00	Officer	$198,897	$32,279	$231,176
MRS KRISTIE COLE	SR VP OF FINANCE AND CFO	40.00	Officer	$176,941	$30,818	$207,759
DR RYAN NEAL	PROVOST	40.00	Key Emp	$182,945	$56,778	$239,723
MR KEITH SPEARS	SPECIAL ASSISTANT	40.00	Highest	$192,960	$0	$192,960
DR LISA ZIDEK	DEAN-COLLEGE OF ENGINEERING	40.00	Highest	$186,439	$18,202	$204,641
DR STEVEN E NAIL	DEAN-COLLEGE OF BUSINESS	40.00	Highest	$178,025	$39,191	$217,216
DR JEFFREY R MOORE	PROFESSOR, MANAGEMENT	40.00	Highest	$171,290	$26,252	$197,542
MRS PAMELA ROSS	SR VP ENROLLMENT MANAGEMENT	40.00	Highest	$167,608	$29,036	$196,644

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	$177,419,350	$154,911,872	$293,118,732	$22,507,478
2024	$148,382,342	$145,963,910	$274,603,971	$2,418,432
2023	$131,165,523	$131,898,208	$267,973,189	$-732,685
2022	$130,183,026	$123,188,763	$269,873,980	$6,994,263
2021	$124,664,445	$107,427,721	$214,071,229	$17,236,724
2020	$102,222,517	$96,439,153	$187,384,632	$5,783,364
2019	$95,188,823	$90,114,563	$175,590,561	$5,074,260
2018	$94,410,210	$85,037,845	$172,801,167	$9,372,365

ANDERSON UNIVERSITY