FURMAN UNIVERSITY FOUNDATION INC (EIN 571061363) - 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

1997

Legal Domicile

Principal Officer

SUSAN MADDUX

Phone

8642943496

Tax Period

2023-07-01 to 2024-06-30

FURMAN UNIVERSITY FOUNDATION INC, founded in 1997, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.4M, a strong 79% operating margin.

Mission

PURCHASE, HOLD & ACCEPT GIFTS OF REAL ESTATE FOR THE EXCLUSIVE USE & BENEFIT OF FURMAN 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 $0

Program Service Revenue $1,749,875

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,749,875

Expense Breakdown

Grants Paid $329,917

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $332,540

Other Expenses $41,888

TOTAL EXPENSES $371,805

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,749,875	$1,751,716	0.0%
Expenses	$371,805	$452,829	-0.2%
Net Income	$1,378,070	$1,298,887	+0.1%

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

N/A

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

$453,919

Total Directors

$453,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MADDUX	SECRETARY/TREASURER	2.00	Officer Director	$0	$47,010	$453,919
LINDSAY SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEWART SPINKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EARLE FURMAN	TRUSTEE	1.00	Director	$0	$0	$0
SEAN HARTNESS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM R TIMMONS III	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD W WRENN	TRUSTEE	1.00	Director	$0	$0	$0

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	$1,749,875	$371,805	$21,575,884	$1,378,070
2023	$1,751,716	$452,829	$20,158,550	$1,298,887
2022	$1,749,880	$599,576	$18,731,685	$1,150,304
2021	$1,750,739	$311,252	$17,301,968	$1,439,487
2020	$1,751,784	$340,312	$16,212,869	$1,411,472
2019	$1,751,226	$221,125	$14,499,131	$1,530,101
2018	$1,652,194	$191,946	$12,999,509	$1,460,248

FURMAN UNIVERSITY FOUNDATION INC