Morris College

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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

Phone

8039343223

Tax Period

2024-07-01 to 2025-06-30

Morris College, founded in 1911, is a mid-sized nonprofit in the Education sector that reported $20.6M in total revenue in fiscal year 2024. Net assets of $44.1M represent 26 months of operating reserves.

Mission

THE MISSION OF MORRIS COLLEGE IS TO PRODUCE GRADUATES WHO CAN PURSUE USEFUL AND PRODUCTIVE CAREERS AND IN SO DOING ENHANCE THEIR OWN LIVES AND THE SOCIETY IN WHICH THEY TAKE THEIR PLACES. THAT MISSION IS BEING SUCCESSFULLY IMPLEMENTED BY THE THOUSANDS OF MORRIS COLLEGE GRADUATES THROUGHOUT THE NATION WHO ARE CONTINUALLY MAKING SIGNIFICANT Contributions.

Program Service Accomplishments

Program 1

Expenses: $13,049,208 Revenue: $9,065,752

MORRIS COLLEGE IS AN ACCREDITED, FOUR-YEAR, COEDUCATIONAL, RESIDENTIAL, LIBERAL ARTS INSTITUTION AWARDING BACCALAUREATE DEGREES IN THE ARTS AND SCIENCES. THE COLLEGE SERVES THE NEEDS OF ITS STUDENTS...

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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 $11,022,425

Program Service Revenue $9,065,752

Investment Income $463,798

Other Revenue $0

TOTAL REVENUE $20,551,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,062,900

Fundraising Expenses $23,160

Program Expenses $13,049,208

Other Expenses $11,800,359

TOTAL EXPENSES $20,863,259

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,551,975	$19,846,842	+0.0%
Expenses	$20,863,259	$20,444,319	+0.0%
Net Income	$-311,284	$-597,477	-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

342

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

$262,333

Total Directors

$146,833

Key Employees

$159,568

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR AUDREY P NEAL	VICE-CHAIR	1.0	Officer Director	$0	$0	$0
DR PHILLIP M BALDWIN	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
Dr Said Sewell	COLLEGE PRESIDENT (From 7/1/24)	40.0	Officer Director	$146,833	$0	$146,833
MR TROY M GLOVER	SECRETARY	1.0	Officer Director	$0	$0	$0
DR Caroles Taylor	TRUSTEE	1.0	Director	$0	$0	$0
DR JAMES V WILSON SR	TRUSTEE	1.0	Director	$0	$0	$0
DR JAMEY O GRAHAM	TRUSTEE	1.0	Director	$0	$0	$0
DR JOHNNy NOBLE	TRUSTEE	1.0	Director	$0	$0	$0
Dr Leonard Griffin	TRUSTEE	1.0	Director	$0	$0	$0
DR LUCIOUS DIXON	TRUSTEE	1.0	Director	$0	$0	$0
DR LUCY REUBEN	TRUSTEE	1.0	Director	$0	$0	$0
DR Marion H Newton	TRUSTEE	1.0	Director	$0	$0	$0
DR VICTORIA DIXON-MOKEBA	TRUSTEE	1.0	Director	$0	$0	$0
MR ALEXANDER JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
Mr Benjamin J Duncan II	TRUSTEE	1.0	Director	$0	$0	$0
Mr Cecil Bromell	FACULTY & STAFF REPRESENTATIVE	1.0	Director	$0	$0	$0
Mr Jons Brown	TRUSTEE	1.0	Director	$0	$0	$0
MR Michael Collins	TRUSTEE	1.0	Director	$0	$0	$0
MR Thales Boykin	Student REPRESENTATIVE	1.0	Director	$0	$0	$0
Mrs MARY A GRAHAM	TRUSTEE	1.0	Director	$0	$0	$0
MRS MARY JO WALKER	TRUSTEE	1.0	Director	$0	$0	$0
MRS SHIRLEY REDMOND	TRUSTEE	1.0	Director	$0	$0	$0
Ms Richards Dawkins	TRUSTEE	1.0	Director	$0	$0	$0
Rev Dr Charles Murray	TRUSTEE	1.0	Director	$0	$0	$0
REV GEORGE B WASHINGTON	TRUSTEE	1.0	Director	$0	$0	$0
REV JAMES NESBITT	TRUSTEE	1.0	Director	$0	$0	$0
Rev Jeffrey L Williams	TRUSTEE	1.0	Director	$0	$0	$0
REV JULIE A HAYES	TRUSTEE	1.0	Director	$0	$0	$0
DR LEROY STAGGERS	COLLEGE PRESIDENT (To 6/30/24)	40.0	Officer	$115,500	$0	$115,500
DR Pacey Bowens	Interim Vice President Finance	1.0	Officer	$0	$0	$0
MR RADMAN ALI	CHAIRPERSON, NATURAL SCIENCE AND MAT	40.0	Key Emp	$159,568	$0	$159,568
DR ORENTHIO GOODWIN	ASSISTANT PROFESSOR OF CYBER SECURIT	40.0	Highest	$130,800	$0	$130,800

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	$20,551,975	$20,863,259	$46,967,663	$-311,284
2024	$19,846,842	$20,444,319	$45,637,803	$-597,477
2023	$18,197,482	$19,585,167	$45,641,715	$-1,387,685
2022	$23,387,886	$19,723,755	$45,965,651	$3,664,131
2021	$16,212,901	$14,254,877	$47,268,567	$1,958,024
2020	$18,015,275	$18,772,299	$45,404,242	$-757,024
2019	$17,709,214	$17,553,057	$42,348,358	$156,157
2018	$18,182,474	$18,485,032	$42,765,396	$-302,558