PIEDMONT UNIVERSITY INC (EIN 580566212) - 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

1897

Legal Domicile

Principal Officer

MARSHALL M CRISER III

Phone

7067783000

Tax Period

2023-07-01 to 2024-06-30

PIEDMONT UNIVERSITY INC, founded in 1897, is a mid-sized nonprofit in the Education sector that reported $54.5M in total revenue in fiscal year 2023. Net assets of $112.5M represent 25 months of operating reserves.

Mission

PIEDMONT UNIVERSITY IS A PRIVATE, NON-PROFIT COMPREHENSIVE LIBERAL ARTS INSTITUTION.

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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 $1,923,242

Program Service Revenue $51,583,320

Investment Income $987,232

Other Revenue $24,761

TOTAL REVENUE $54,518,555

Expense Breakdown

Grants Paid $16,380,905

Salaries & Benefits $21,259,277

Fundraising Expenses $695,020

Program Expenses $49,388,697

Other Expenses $22,055,373

TOTAL EXPENSES $59,695,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,518,555	$51,959,393	+0.0%
Expenses	$59,695,555	$60,982,841	0.0%
Net Income	$-5,177,000	$-9,023,448	-0.4%

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

808

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

$1,013,567

Total Directors

Key Employees

$212,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A ARRENDALE III	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
DOCK SISK	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KARA KEEL MOODY	SECRETARY - THRU 10/23	1.00	Officer Director	$0	$0	$0
SANDY BORROW	SECRETARY - AS OF 10/23	1.00	Officer Director	$0	$0	$0
LISA BLACK	TRUSTEE	1.00	Director	$0	$0	$0
DR MARTHA CANTRELL	TRUSTEE	1.00	Director	$0	$0	$0
MATT COOK	TRUSTEE	1.00	Director	$0	$0	$0
WALTER CROWDER	TRUSTEE	1.00	Director	$0	$0	$0
KANLER CUMBASS	TRUSTEE	1.00	Director	$0	$0	$0
DWIGHT EVANS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
MACK GUEST III	TRUSTEE	1.00	Director	$0	$0	$0
LADSON HADDOW	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HENSLEY JR	TRUSTEE	1.00	Director	$0	$0	$0
JAMES C HOBBS III	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM HOUSE	TRUSTEE	1.00	Director	$0	$0	$0
FRAN DAVIS JARRETT	TRUSTEE	1.00	Director	$0	$0	$0
NICK KASTNER	TRUSTEE	1.00	Director	$0	$0	$0
REV DR SARAH LUND	TRUSTEE	1.00	Director	$0	$0	$0
MYLLE MANGUM	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY MELTON	TRUSTEE	1.00	Director	$0	$0	$0
CALE PADGETT	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH PIPER	TRUSTEE	1.00	Director	$0	$0	$0
TOM RICHARD	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN RICKMAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SANTOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA STRAIN	TRUSTEE	1.00	Director	$0	$0	$0
MARY HART WILHEIT	TRUSTEE	1.00	Director	$0	$0	$0
MARSHALL CRISER	PRESIDENT	40.00	Officer	$359,637	$31,026	$390,663
BRANT WRIGHT	SR. VP OF FINANCE & ADMIN	40.00	Officer	$233,696	$41,640	$275,336
BRUCE WILLIS	VP ACADEMIC AFFAIRS - AS OF 5/23	40.00	Officer	$165,618	$15,315	$180,933
STEVE NIMMO	VP ACADEMIC AFFAIRS - THRU 7/23	40.00	Officer	$136,773	$29,862	$166,635
KIMBERLY CRAWFORD	VP STUDENT LIFE & LEADERSHIP	40.00	Key Emp	$172,252	$40,204	$212,456
KRISTI WILLIAMS	ASSOC. AP FIN./CONT. - THRU 2/24	40.00	Highest	$166,339	$40,221	$206,560
STEVEN JACOBS	DEAN COLLEGE OF ARTS AND SCIENCE	40.00	Highest	$127,252	$38,001	$165,253
JAIME JOHNSON-HUFF	DEAN COLLEGE OF NURSING	40.00	Highest	$133,260	$13,202	$146,462
JAMES PEOPLES	ATHLETIC DIRECTOR	40.00	Highest	$131,602	$11,010	$142,612
J KERRY WALLER	DEAN COLLEGE OF BUSINESS	40.00	Highest	$127,609	$20,072	$147,681

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	$54,518,555	$59,695,555	$145,567,564	$-5,177,000
2023	$51,959,393	$60,982,841	$147,927,827	$-9,023,448
2022	$62,047,999	$62,335,429	$151,549,246	$-287,430
2021	$56,789,955	$56,944,869	$159,118,905	$-154,914
2020	$59,652,690	$61,295,637	$155,494,183	$-1,642,947
2019	$59,067,043	$56,102,309	$158,077,838	$2,964,734
2018	$62,881,084	$52,610,422	$154,761,706	$10,270,662

PIEDMONT UNIVERSITY INC