SOUTHEASTERN UNIVERSITY INC (EIN 590722789) - 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

1935

Legal Domicile

Phone

8636675000

Tax Period

2024-06-01 to 2025-05-31

SOUTHEASTERN UNIVERSITY INC, founded in 1935, is a major nonprofit in the Education sector that reported $158.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $138.4M left a modest 13% surplus.

Mission

TO PROVIDE EDUCATION IN A CHRIST-CENTERED, STUDENT-FOCUSED ENVIRONMENT.

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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 $21,815,278

Program Service Revenue $133,603,432

Investment Income $2,563,644

Other Revenue $867,420

TOTAL REVENUE $158,849,774

Expense Breakdown

Grants Paid $44,115,140

Salaries & Benefits $49,439,866

Fundraising Expenses $2,852,823

Program Expenses $121,555,994

Other Expenses $44,633,118

TOTAL EXPENSES $138,369,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,849,774	$135,510,469	+0.2%
Expenses	$138,369,291	$133,708,045	+0.0%
Net Income	$20,480,483	$1,802,424	+10.4%

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

2015

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

$1,184,158

Total Directors

$769,907

Key Employees

$570,144

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KENT INGLE	PRESIDENT	40.0	Officer Director	$460,689	$221,652	$682,341
TERRY RABURN	CHAIRMAN	1.0	Officer Director	$0	$0	$0
WAYNE BLACKBURN	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
ABNER ADORNO	TRUSTEE	1.0	Director	$0	$0	$0
DOUGLAS WITHERUP	TRUSTEE	1.0	Director	$3,000	$0	$3,000
GABRIEL SALGUERO	TRUSTEE	5.0	Director	$18,833	$0	$18,833
JEFFERY PORTMANN	TRUSTEE	1.0	Director	$0	$0	$0
JEREMY JOHNSON	TRUSTEE (PART YEAR)	1.0	Director	$0	$0	$0
JOHN JORDAN	SECRETARY	1.0	Director	$0	$0	$0
JOHN WOOTTON	TRUSTEE (PART YEAR)	1.0	Director	$0	$0	$0
JUDY RACHELS	TRUSTEE	1.0	Director	$0	$0	$0
KENNETH DRAUGHON	TRUSTEE	1.0	Director	$500	$0	$500
LUKE BARNETT	TRUSTEE	1.0	Director	$5,000	$0	$5,000
MARK BATTERSON	TRUSTEE	1.0	Director	$0	$0	$0
MARK JAKELSKY	TRUSTEE	1.0	Director	$0	$0	$0
MATT POTTER	TRUSTEE	1.0	Director	$0	$0	$0
RAY RACHELS	TRUSTEE	1.0	Director	$0	$0	$0
RICARDO ORSINI	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT SANDLER	TRUSTEE	1.0	Director	$0	$0	$0
ROGER ARCHER	TRUSTEE	1.0	Director	$233	$0	$233
SCOTT WILLIAMS	TRUSTEE	1.0	Director	$0	$0	$0
STEVE MASON	TRUSTEE	1.0	Director	$0	$0	$0
TERRY ROBERTS	TRUSTEE	1.0	Director	$0	$0	$0
TOMMY BARNETT	TRUSTEE	10.0	Director	$60,000	$0	$60,000
DR MICHAEL STEINER	VP OF INNOVATION	40.0	Officer	$215,511	$25,460	$240,971
PHILLIP SCHMITT	VP FINANCE/CFO	40.0	Officer	$236,059	$24,787	$260,846
DR BETHANY THOMAS	VP STUDENT DEVELOPMENT	40.0	Key Emp	$213,194	$19,279	$232,473
DR MEGHAN L GRIFFIN	PROVOST/CHIEF ACADEMIC OFFICER	40.0	Key Emp	$242,440	$95,231	$337,671
DENNIS ROSS	PROFESSOR, POLITICAL SCIENCE	40.0	Highest	$213,705	$13,301	$227,006
DR CODY LLOYD	VP FOR INSTITUTIONAL RESEARCH	40.0	Highest	$226,926	$16,805	$243,731
JUSTIN E ROSE	AVP INFORMATION MANAGEMENT & DIGITAL LEARNING	40.0	Highest	$162,488	$7,119	$169,607
JUSTIN LATHROP	VP STRATEGIC PARTNERSHIPS	40.0	Highest	$175,362	$92,630	$267,992
SYLVIA BLACKMON-ROBERTS	VP OF COMMUNITY RELATIONS	40.0	Highest	$170,677	$13,854	$184,531
DR J CHRISTOPHER OWEN	EXECUTIVE VICE PRESIDENT (FORMER)	N/A		$363,113	$17,555	$380,668

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	$158,849,774	$138,369,291	$159,136,191	$20,480,483
2024	$135,510,469	$133,708,045	$141,314,862	$1,802,424
2023	$126,271,820	$128,834,464	$133,674,608	$-2,562,644
2022	$143,033,375	$131,732,313	$136,483,124	$11,301,062
2021	$130,768,783	$129,332,835	$138,909,409	$1,435,948
2020	$129,416,019	$123,897,297	$135,061,336	$5,518,722
2019	$120,295,564	$126,620,215	$112,932,845	$-6,324,651

SOUTHEASTERN UNIVERSITY INC