THE CORPORATION OF MERCER UNIVERSITY (EIN 580566167) - 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

1833

Legal Domicile

Phone

4783012710

Tax Period

2024-07-01 to 2025-06-30

THE CORPORATION OF MERCER UNIVERSITY, founded in 1833, is a major nonprofit in the Education sector that reported $484.7M in total revenue in fiscal year 2024. Expenses of $453.8M left a modest 6% surplus.

Mission

MERCER UNIVERSITY'S MISSION IS TO TEACH, TO LEARN, TO CREATE, TO DISCOVER, TO INSPIRE, TO EMPOWER, AND TO SERVE.

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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 $69,638,691

Program Service Revenue $381,780,720

Investment Income $29,608,730

Other Revenue $3,669,854

TOTAL REVENUE $484,697,995

Expense Breakdown

Grants Paid $108,440,473

Salaries & Benefits $202,083,777

Fundraising Expenses $3,474,071

Program Expenses $433,570,709

Other Expenses $143,258,017

TOTAL EXPENSES $453,782,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,697,995	$477,213,144	+0.0%
Expenses	$453,782,267	$443,819,035	+0.0%
Net Income	$30,915,728	$33,394,109	-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

4514

Volunteers

570

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

$3,177,911

Total Directors

$613,384

Key Employees

$824,623

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS P BISHOP	CHAIRMAN	1.0	Officer Director	$0	$0	$0
WILLIAM UNDERWOOD	PRESIDENT/PROFESSOR	40.0	Officer Director	$558,447	$54,937	$613,384
AMY MILLER WALL	TRUSTEE	1.0	Director	$0	$0	$0
ASHLEY AMOS COPELAN	TRUSTEE	1.0	Director	$0	$0	$0
BENJAMIN W GRIFFITH	TRUSTEE	1.0	Director	$0	$0	$0
CAROYN TOWNSEND MCAFEE BRUNER	TRUSTEE	1.0	Director	$0	$0	$0
CATHY CALLAWY ADAMS	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES L CANTRELL III	TRUSTEE	1.0	Director	$0	$0	$0
CHARLES WATSON JR	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS R SHERIDAN JR	TRUSTEE	1.0	Director	$0	$0	$0
DAVID E HUDSON	TRUSTEE	1.0	Director	$0	$0	$0
DAVID E LINCH	TRUSTEE	1.0	Director	$0	$0	$0
DERICUS K HARVEY	TRUSTEE	1.0	Director	$0	$0	$0
DR BARBARA BROWN TAYLOR	TRUSTEE	1.0	Director	$0	$0	$0
DR JAMES C ELDER JR	TRUSTEE	1.0	Director	$0	$0	$0
DR SPENCER B KING	TRUSTEE	1.0	Director	$0	$0	$0
DWIGHT J DAVIS	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD SCHUTTER JR	TRUSTEE	1.0	Director	$0	$0	$0
ELI MORGAN	TRUSTEE	1.0	Director	$0	$0	$0
ERIN KELLER	TRUSTEE	1.0	Director	$0	$0	$0
GENE GABBARD	TRUSTEE	1.0	Director	$0	$0	$0
GENELLE JENNINGS	TRUSTEE	1.0	Director	$0	$0	$0
HEATHER DARDEN	TRUSTEE	1.0	Director	$0	$0	$0
J HENRY WALKER	TRUSTEE	1.0	Director	$0	$0	$0
J THOMAS MCAFEE	TRUSTEE	1.0	Director	$0	$0	$0
JACQUELINE BAUGH MOORE	TRUSTEE	1.0	Director	$0	$0	$0
JAMES WILLIAM THOMAS JR	TRUSTEE	1.0	Director	$0	$0	$0
JENNIFER NUNN TARBUTTON	TRUSTEE	1.0	Director	$0	$0	$0
JERRY S WILSON	TRUSTEE	1.0	Director	$0	$0	$0
JIMMY CARTER	TRUSTEE	1.0	Director	$0	$0	$0
JOE SAM ROBINSON JR	TRUSTEE	1.0	Director	$0	$0	$0
JULIE LONG	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN HEAD	TRUSTEE	1.0	Director	$0	$0	$0
LARRY BRADEN	TRUSTEE	1.0	Director	$0	$0	$0
LIZA CHAPMAN	TRUSTEE	1.0	Director	$0	$0	$0
M TROY WOODS	TRUSTEE	1.0	Director	$0	$0	$0
MALCOM S BURGESS	TRUSTEE	1.0	Director	$0	$0	$0
MARC TREADWELL	TRUSTEE	1.0	Director	$0	$0	$0
MARY DIANE OWENS	TRUSTEE	1.0	Director	$0	$0	$0
MATTHEW P SAPP	TRUSTEE	1.0	Director	$0	$0	$0
MAXINE C MORRIS	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL BOGGS	TRUSTEE	1.0	Director	$0	$0	$0
MILTON L CRUZ	TRUSTEE	1.0	Director	$0	$0	$0
NANCY GRACE	TRUSTEE	1.0	Director	$0	$0	$0
NATHAN DEAL	TRUSTEE	1.0	Director	$0	$0	$0
RABUN MATTHEWS III	TRUSTEE	1.0	Director	$0	$0	$0
RAYMOND McLEOD WARRN III	TRUSTEE	1.0	Director	$0	$0	$0
RICHARD SCHNEIDER	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT F HATCHER	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT G GODDARD	TRUSTEE	1.0	Director	$0	$0	$0
STANLEY DEMETRIUS JONES	TRUSTEE	1.0	Director	$0	$0	$0
TERRY ENGLAND	TRUSTEE	1.0	Director	$0	$0	$0
VIRGIL L ADAMS	TRUSTEE	1.0	Director	$0	$0	$0
W LOUIS SANDS	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM A MOYE	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM BRADLEY TURNER JR	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM H ANDERSON	TRUSTEE	1.0	Director	$0	$0	$0
WILLIAM KNOX POU	TRUSTEE	1.0	Director	$0	$0	$0
YVETTE MILLER	TRUSTEE	1.0	Director	$0	$0	$0
DAVID DAVIS	PROVOST	40.0	Officer	$348,262	$53,375	$401,637
JAMES NETHERTON	EXEC VP-ADMIN & FINANCE	40.0	Officer	$357,169	$53,374	$410,543
JOHN PATTERSON	SENIOR VP FOR ADVANCEMENT	40.0	Officer	$288,189	$48,488	$336,677
JULIA DAVIS	AVP FINANCE & TREASURER	40.0	Officer	$189,500	$21,531	$211,031
KELLIE APPEL	SENIOR VP FOR STRATEGIC INITIATIVES	40.0	Officer	$248,661	$45,079	$293,740
LARRY BRUMMLEY	SENIOR VP FOR MARKETING COMMUNICATIONS AND CHIEF OF STAFF	40.0	Officer	$259,034	$29,016	$288,050
MATTHEW HALL	GENERAL COUNSEL	40.0	Officer	$215,286	$40,358	$255,644
PENNY ELKINS	Executive VP FOR ENROLLMENT MANAGEMENT	40.0	Officer	$316,300	$50,905	$367,205
ANDREA MITCHELL	EXECUTIVE DIRECTOR	40.0	Key Emp	$264,392	$43,671	$308,063
JEAN SUMNER	DEAN/PROFESSOR	40.0	Key Emp	$462,294	$54,266	$516,560
DON NAKAYAMA	SENIOR ASSOCIATE DEAN/SCHOOL OF MEDICINE	40.0	Highest	$942,494	$28,102	$970,596
EDWIN GRIMSELY	PROFFESSOR	40.0	Highest	$304,991	$50,002	$354,993
JOHN HAWKINS	ASSOCIATE PROFESSOR	40.0	Highest	$491,169	$54,504	$545,673
KAREN SNEDDON	DEAN/PROFESSOR	40.0	Highest	$296,150	$49,060	$345,210
RYAN RIDDER	HEAD BASKETBALL COACH	40.0	Highest	$290,827	$41,698	$332,525

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	$484,697,995	$453,782,267	$1,102,611,953	$30,915,728
2024	No data	No data	No data	No data
2023	$434,660,951	$414,983,749	$1,048,317,053	$19,677,202
2022	$443,031,895	$417,045,694	$969,819,190	$25,986,201
2021	$444,048,225	$389,289,694	$975,470,567	$54,758,531
2020	$406,533,025	$378,383,886	$834,032,550	$28,149,139
2019	$396,023,419	$370,516,792	$808,696,382	$25,506,627
2018	$376,143,289	$352,944,856	$743,858,053	$23,198,433

THE CORPORATION OF MERCER UNIVERSITY