CLEMSON UNIVERSITY FOUNDATION (EIN 570426335) - 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

1933

Legal Domicile

Principal Officer

M KAREN MCCAULEY

Phone

8646561289

Tax Period

2022-07-01 to 2023-06-30

CLEMSON UNIVERSITY FOUNDATION, founded in 1933, is a mid-sized nonprofit in the Education sector that reported $75.0M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $28.0M, a strong 37% operating margin.

Mission

THE CLEMSON UNIVERSITY FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND FUTURE DEVELOPMENT OF CLEMSON UNIVERSITY IN ITS EDUCATIONAL AND SCIENTIFIC PURPOSES; TO SEEK AND RECEIVE GIFTS OR PUBLIC FUNDS FOR THE BENEFIT OF CLEMSON UNIVERSITY THROUGH ENDOWMENT GIVING, FUND-RAISING, OR OTHER PROGRAMS; AND TO MANAGE PRUDENTLY SUCH FUNDS AND THE DISBURSEMENT OF SUCH WITH A POLICY THAT ENCOURAGES THE ENHANCEMENT OF RESOURCES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $45,244,851

Program Service Revenue $5,393,770

Investment Income $24,401,025

Other Revenue $0

TOTAL REVENUE $75,039,646

Expense Breakdown

Grants Paid $29,338,090

Salaries & Benefits $2,891,690

Fundraising Expenses $4,865,749

Program Expenses $35,995,098

Other Expenses $14,595,379

TOTAL EXPENSES $47,057,942

Year-over-Year Comparison

	2022	2021	Change
Revenue	$75,039,646	$80,225,172	-0.1%
Expenses	$47,057,942	$41,167,949	+0.1%
Net Income	$27,981,704	$39,057,223	-0.3%

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

Volunteers

144

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

$480,604

Total Directors

Key Employees

$889,759

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATHEW BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOHAN EVELAND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAN GARRISON	DIRECTOR	2.00	Director	$0	$0	$0
NOEL GEOFFROY	DIRECTOR	1.00	Director	$0	$0	$0
GERALD M GLENN	DIRECTOR	2.00	Director	$0	$0	$0
ANITA HARGETT	DIRECTOR	1.00	Director	$0	$0	$0
BRYANT AUBREY HARRELL	DIRECTOR	2.00	Director	$0	$0	$0
ERNEST D HAYNES III	DIRECTOR	1.00	Director	$0	$0	$0
JIM HENDRIX	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL HOLLAND	VICE-CHAIR	3.00	Director	$0	$0	$0
ANN W HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND E JONES	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R KINGMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY L MATHIS	CHAIR	3.00	Director	$0	$0	$0
DAVID L MORROW	DIRECTOR	1.00	Director	$0	$0	$0
G MARK PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
CHERI M PHYFER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT C RIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J STANZIONE	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH L SMITH	DIRECTOR	1.00	Director	$0	$0	$0
EMILY P WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MARK D WASSERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN P WEITZ	DIRECTOR	1.00	Director	$0	$0	$0
AMY J YODER	DIRECTOR	1.00	Director	$0	$0	$0
M KAREN MCCAULEY	PRESIDENT & CEO	32.50	Officer	$253,338	$29,596	$282,934
ALICE EVATT	TREASURER & CFO THRU 4/1/23	34.50	Officer	$0	$0	$0
REGINA STEELE	TREASURER & CFO FROM 4/1/23	33.50	Officer	$0	$0	$0
APRIL PURVIS	SECRETARY	35.50	Officer	$178,221	$19,449	$197,670
JAMES CLEMENTS	CLEMSON UNIVERSITY PRESIDENT	10.00	Key Emp	$705,331	$0	$705,331
JOHN C ALEXANDER	CIO	7.50	Key Emp	$184,428	$0	$184,428

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	No data	No data	No data	No data
2023	$75,039,646	$47,057,942	$1,308,176,142	$27,981,704
2022	$80,225,172	$41,167,949	$1,218,679,731	$39,057,223
2021	$112,486,660	$34,717,393	$1,240,950,463	$77,769,267
2020	$65,187,016	$40,908,186	$944,348,237	$24,278,830
2019	$57,417,359	$43,276,191	$923,248,232	$14,141,168
2018	$54,416,297	$54,897,910	$879,046,109	$-481,613

CLEMSON UNIVERSITY FOUNDATION