BRENAU UNIVERSITY INC (EIN 580566143) - 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

1878

Legal Domicile

Principal Officer

DR DAVID BARNETT

Phone

7705346268

Tax Period

2024-07-01 to 2025-06-30

BRENAU UNIVERSITY INC, founded in 1878, is a major nonprofit in the Education sector that reported $106.7M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33.4M, a strong 31% operating margin.

Mission

BRENAU UNIVERSITY CHALLENGES STUDENTS TO LIVE EXTRAORDINARY LIVES OF PERSONAL AND PROFESSIONAL FULFILLMENT. AS STUDENTS PURSUE UNDERGRADUATE AND GRADUATE DEGREES OR NON-DEGREE PROGRAMS AT BRENAU CAMPUSES AND ONLINE, EACH PREPARES FOR A LIFETIME OF INTELLECTUAL ACCOMPLISHMENT AND APPRECIATION OF ARTISTIC EXPRESSION THROUGH A CURRICULUM ENRICHED BY THE LIBERAL ARTS, SCIENTIFIC INQUIRY AND GLOBAL AWARENESS.

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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 $11,596,186

Program Service Revenue $66,912,407

Investment Income $28,088,389

Other Revenue $119,577

TOTAL REVENUE $106,716,559

Expense Breakdown

Grants Paid $12,772,301

Salaries & Benefits $31,650,360

Fundraising Expenses $856,535

Program Expenses $65,409,010

Other Expenses $28,877,493

TOTAL EXPENSES $73,300,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,716,559	$69,270,776	+0.5%
Expenses	$73,300,154	$71,278,724	+0.0%
Net Income	$33,416,405	$-2,007,948	-17.6%

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

438

Volunteers

250

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

$901,919

Total Directors

Key Employees

$837,661

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE H SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
EMILIE HENDERSON HOWARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PIERPONT F BROWN III	TRUSTEE	1.00	Director	$0	$0	$0
AMELIA COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE ANN CARTER DANIEL	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN SMITH DUDLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARIA EBRAHIMJI	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT L FOWLER JR	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA CURRIN HEARD	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA CANNADY HOWARD	TRUSTEE	1.00	Director	$0	$0	$0
M DOUGLAS IVESTER	TRUSTEE	1.00	Director	$0	$0	$0
ANNA A JACOBS	TRUSTEE	1.00	Director	$0	$0	$0
TIM KNIGHT	TRUSTEE	1.00	Director	$0	$0	$0
EMILY DUNLAP LAWSON	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA GREER NIX	TRUSTEE	1.00	Director	$0	$0	$0
PETER D MILLER	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK K NORTON JR	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA W TYMCHUK	TRUSTEE	1.00	Director	$0	$0	$0
GAIL A SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE R PRATER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL D STUBBLEFIELD MD	TRUSTEE	1.00	Director	$0	$0	$0
MARY KATHRYN WELLS-WINSETT	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA E WOLFE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN A ADDISON JR	TRUSTEE	1.00	Director	$0	$0	$0
HART WILHEIT PAYNE	TRUSTEE	1.00	Director	$0	$0	$0
DR DAVID BARNETT	PRESIDENT	40.00	Officer	$604,925	$50,277	$655,202
TOBY HINTON	VP OF FINANCE AND ADMINIST	40.00	Officer	$192,625	$54,092	$246,717
JACK MATTHEW THOMAS	VP FOR EXTERNAL RELATIONS	40.00	Key Emp	$231,531	$43,454	$274,985
JIM ECK	VPAA & PROVOST	40.00	Key Emp	$226,520	$41,802	$268,322
JODY WALL	CHIEF OF STAFF	40.00	Key Emp	$244,368	$49,986	$294,354
DR GALE H STARICH	DEAN, COLLEGE OF HEALTH SC	40.00	Highest	$155,646	$50,906	$206,552
HEATHER ROSS	CHAIR OF PT	40.00	Highest	$179,360	$11,375	$190,735
JULIE BETH KEENA	CHAIR, PHYSICIAN ASSISTANT STUDIES	40.00	Highest	$196,357	$43,076	$239,433
KATHLEEN FOLEY	DIRECTOR, SCHOOL OF OT	40.00	Highest	$163,399	$28,244	$191,643
TROY HEIDESCH	DIRECTOR, SCHOOL OF NURSIN	40.00	Highest	$167,010	$9,509	$176,519

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	$106,716,559	$73,300,154	$178,330,104	$33,416,405
2024	No data	No data	No data	No data
2023	$73,418,313	$70,956,183	$160,044,852	$2,462,130
2022	$72,278,952	$72,049,268	$144,437,507	$229,684
2021	$72,732,338	$68,804,066	$156,256,059	$3,928,272
2020	$73,682,721	$68,386,810	$138,158,493	$5,295,911
2019	$66,375,208	$64,870,707	$128,711,395	$1,504,501
2018	$64,828,239	$63,698,518	$123,791,394	$1,129,721

BRENAU UNIVERSITY INC