CHARLESTON SOUTHERN UNIVERSITY (EIN 570474291) - 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

1960

Legal Domicile

Principal Officer

B KEITH FAULKNER

Phone

8438638000

Tax Period

2024-06-01 to 2025-05-31

CHARLESTON SOUTHERN UNIVERSITY, founded in 1960, is a major nonprofit in the Education sector that reported $125.2M in total revenue in fiscal year 2024.

Mission

THE UNIVERSITY'S MISSION IS TO PROMOTE ACADEMIC EXCELLENCE IN A CHRISTIAN ENVIRONMENT.

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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 $5,279,433

Program Service Revenue $116,423,208

Investment Income $3,503,426

Other Revenue $33,897

TOTAL REVENUE $125,239,964

Expense Breakdown

Grants Paid $45,269,114

Salaries & Benefits $36,468,160

Fundraising Expenses $1,534,064

Program Expenses $113,695,969

Other Expenses $42,327,246

TOTAL EXPENSES $124,064,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,239,964	$116,149,987	+0.1%
Expenses	$124,064,520	$113,982,111	+0.1%
Net Income	$1,175,444	$2,167,876	-0.5%

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

1117

Volunteers

235

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

$1,884,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR DEAN MURPHY	TRUSTEE/CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR JERRY WILLIAMS	TRUSTEE/VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MR BILL CARPENTER	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
MR MARK HOOD	TRUSTEE/VICE CHAIRMAN (PART YEAR)	1.00	Officer Director	$0	$0	$0
MR RON BRANTLEY	TRUSTEE	1.00	Director	$0	$0	$0
MR ADAM ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
REV ALEX SANDS	TRUSTEE	1.00	Director	$0	$0	$0
MR BOBBY WOOD	TRUSTEE	1.00	Director	$0	$0	$0
MR JEFF WILDES	TRUSTEE	1.00	Director	$0	$0	$0
DR JOSEPH RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
MRS JULIA MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
MR LARRY DRIGGERS	TRUSTEE	1.00	Director	$0	$0	$0
MR RANDY ELLER	TRUSTEE	1.00	Director	$0	$0	$0
MR RICK REDDEN	TRUSTEE	1.00	Director	$0	$0	$0
REV ROBBIE BAXLEY	TRUSTEE	1.00	Director	$0	$0	$0
DR RYAN ASHLEY	TRUSTEE	1.00	Director	$0	$0	$0
DR RYAN PACK	TRUSTEE	1.00	Director	$0	$0	$0
MRS TERRI AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
DR TIM SPURLING	TRUSTEE	1.00	Director	$0	$0	$0
MR TIM WHITFIELD	TRUSTEE	1.00	Director	$0	$0	$0
MR WILLIAM RENFROW	TRUSTEE	1.00	Director	$0	$0	$0
REV RANDY HARLING	TRUSTEE	1.00	Director	$0	$0	$0
MRS LINDA FICK	TRUSTEE	1.00	Director	$0	$0	$0
DR JUDY HETZ	TRUSTEE	1.00	Director	$0	$0	$0
MR JAMES DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
REV SETH BUCKLEY	TRUSTEE	1.00	Director	$0	$0	$0
DR DJ HORTON	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
DR JAMES MERRITT	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
MRS MISSY BRANCH	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
MR PHIL BYRD	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
JEFF BARBER	VP INTERCOLLEGIATE ATHLETICS	40.00	Officer	$176,178	$28,098	$204,276
DR ANTHONY TURNER	VP ENROLLMENT MANAGEMENT	40.00	Officer	$130,178	$37,950	$168,128
ROBERT L BLACKMON	VP OF BUSINESS AFFAIRS	40.00	Officer	$153,029	$8,437	$161,466
DAVID BAGGS	VP FOR DEVELOPMENT	40.00	Officer	$140,596	$17,237	$157,833
DR MICHAEL BRYANT	VP STRATEGIC PLANNING, FAITH INTEGRATION, AND CHRI	40.00	Officer	$60,480	$60,487	$120,967
DR SCOTT YARBROUGH	VP ACADEMIC COMPLIANCE, INSTITUTIONAL EFFECTIVENES	40.00	Officer	$119,471	$25,345	$144,816
MICHAEL WILDER	VP ACADEMIC AFFAIRS	40.00	Officer	$92,728	$114,157	$206,885
B KEITH FAULKNER	PRESIDENT	45.00	Officer	$400,161	$43,752	$443,913
SHANNON MORRISON	VP FOR FINANCE	40.00	Officer	$101,205	$19,858	$121,063
JODY JENNINGS	VP STUDENT LIFE (PART YEAR)	40.00	Officer	$120,201	$35,139	$155,340
NATHAN GABE GIARDINA	HEAD FOOTBALL COACH	40.00	Highest	$154,980	$36,085	$191,065
JAIRY HUNTER	PRESIDENT EMERITUS	15.00	Highest	$313,785	$455	$314,240
GABBY POOLE	DIRECTOR, PA PROGRAM, DEAN OF COHS	40.00	Highest	$155,213	$13,041	$168,254
JACOB THORPE	DIRECTOR, PT PROGRAM	40.00	Highest	$158,216	$7,182	$165,398
MARC EMBLER	ASSOCIATE VICE PRESIDENT FOR ACADEMIC AFFAIRS; DEA	40.00	Highest	$153,833	$7,847	$161,680

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	$125,239,964	$124,064,520	$237,633,217	$1,175,444
2024	$116,149,987	$113,982,111	$207,899,405	$2,167,876
2023	$122,487,793	$111,518,712	$205,078,921	$10,969,081
2022	$118,040,499	$113,869,762	$197,723,286	$4,170,737
2021	$101,950,337	$99,184,965	$197,352,636	$2,765,372
2020	$94,488,376	$92,359,253	$191,448,124	$2,129,123
2019	$94,145,591	$92,421,901	$190,621,399	$1,723,690
2018	$95,790,845	$92,555,796	$191,637,652	$3,235,049

CHARLESTON SOUTHERN UNIVERSITY