THOMAS UNIVERSITY (EIN 580644897) - 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

1950

Legal Domicile

Principal Officer

KURT STRINGFELLOW

Phone

2292261621

Tax Period

2024-06-01 to 2025-05-31

THOMAS UNIVERSITY, founded in 1950, is a mid-sized nonprofit in the Education sector that reported $21.3M in total revenue in fiscal year 2024.

Mission

THOMAS UNIVERSITY IS AN INDEPENDENT, NOT FOR PROFIT, INSTITUTION OF HIGHER EDUCATION WITH UNDERGRADUATE AND GRADUATE PROGRAMS THAT PREPARE STUDENTS FOR SUCCESSFUL CAREERS AND RESPONSIBLE CITIZENSHIP IN A RAPIDLY CHANGING AND COMPLEX WORLD.

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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 $3,421,065

Program Service Revenue $17,368,163

Investment Income $655,649

Other Revenue $-124,276

TOTAL REVENUE $21,320,601

Expense Breakdown

Grants Paid $2,654,559

Salaries & Benefits $11,750,631

Fundraising Expenses $0

Program Expenses $17,062,568

Other Expenses $7,955,835

TOTAL EXPENSES $22,361,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,320,601	$20,475,592	+0.0%
Expenses	$22,361,025	$23,356,284	0.0%
Net Income	$-1,040,424	$-2,880,692	-0.6%

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

450

Volunteers

N/A

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

$1,061,545

Total Directors

$385,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR BOB RHODES	TRUSTEE	1.00	Director	$0	$0	$0
MR RANKIN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MR PHILIP LEABO	VICE CHAIR	1.00	Director	$0	$0	$0
MR STEPHEN CHENEY	TRUSTEE	1.00	Director	$0	$0	$0
MR GENE LORD	TRUSTEE	1.00	Director	$0	$0	$0
MR CHARLES DIXON	TRUSTEE	1.00	Director	$0	$0	$0
MR GEORGE LILLY II	TRUSTEE	1.00	Director	$0	$0	$0
MR CLINT KADEL	CHAIR	1.00	Director	$0	$0	$0
MR ERIK VON HELLENS	TRUSTEE	1.00	Director	$0	$0	$0
MRS EVE RUMBLE	TRUSTEE	1.00	Director	$0	$0	$0
MR WILSON CARRAWAY	TRUSTEE	1.00	Director	$0	$0	$0
MR VANN MIDDLETON	TRUSTEE	1.00	Director	$0	$0	$0
MR RANDY RHEA	TRUSTEE	1.00	Director	$0	$0	$0
MS KATHY VIGNOS	TRUSTEE	1.00	Director	$0	$0	$0
MR SCOTT RICH	TRUSTEE	1.00	Director	$0	$0	$0
MR JEFF MERSCHMAN	TRUSTEE	1.00	Director	$0	$0	$0
MRS REBECCA STRICKLAND	TRUSTEE	1.00	Director	$0	$0	$0
MRS PAT CHOICE	TRUSTEE	1.00	Director	$0	$0	$0
MR RAY THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
MR MARVIN DAWSON	TRUSTEE	1.00	Director	$0	$0	$0
MS ALYSSA BLAKELY	TRUSTEE	1.00	Director	$0	$0	$0
DR ANDY SHEPPARD	PRESIDENT	55.00	Officer Director	$353,345	$32,112	$385,457
KURT STRINGFELLOW	VP OF INSTITUTIONAL ADVANCEMENT	55.00	Officer	$129,055	$1,612	$130,667
DR JOHN K MEIS	PROVOST	50.00	Officer	$113,751	$12,631	$126,382
SUSAN BACKOFEN	VP OF ENROLLMENT	50.00	Officer	$116,148	$15,538	$131,686
DOUG FROOD	FORMER CFO	50.00	Officer	$83,681	$5,121	$88,802
STEPHEN FERGUSON	VP OF MILITARY/CORPORATE RELATIONS	50.00	Officer	$104,000	$8,297	$112,297
ANGELA UYENO	INTERIM CFO	50.00	Officer	$80,712	$5,542	$86,254

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	$21,320,601	$22,361,025	$25,222,840	$-1,040,424
2024	No data	No data	No data	No data
2023	$19,778,605	$20,142,447	$24,739,402	$-363,842
2022	$20,548,175	$20,011,874	$24,383,052	$536,301
2021	$19,833,673	$17,369,014	$24,698,960	$2,464,659
2020	$17,997,836	$17,663,102	$22,184,125	$334,734
2019	$17,849,692	$17,913,015	$21,866,381	$-63,323

THOMAS UNIVERSITY