SOUTHEASTERN UNIVERSITY INC

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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

SOUTHEASTERN UNIVERSITY'S DEDICATION TO STUDENTS' SPIRITUAL AND INTELLECTUAL GROWTH PROVIDES A FRAMEWORK FOR CHRIST CENTERED LIVING BOTH IN AND OUTSIDE THE CLASSROOM.

Program Service Accomplishments

Program 1

Expenses: $115,805,002 Revenue: $117,560,402

SOUTHEASTERN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION ACCREDITED TO AWARD ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORATE DEGREES BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS...

SOUTHEASTERN UNIVERSITY IS AN INSTITUTION OF HIGHER EDUCATION ACCREDITED TO AWARD ASSOCIATE, BACCALAUREATE, MASTERS AND DOCTORATE DEGREES BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES. FOR THE YEAR ENDED MAY 31, 2025 THE UNIVERSITY AWARDED 820 UNDERGRADUATE DEGREES AND 337 GRADUATE DEGREES. TOTAL STUDENT HEADCOUNT FOR FALL OF 2025 WAS 13,636. ITS PICTURESQUE CAMPUS LOCATED IN CENTRAL FLORIDA IS HOME TO 2,221 STUDENTS, BUT ITS OUTREACH IS GLOBAL, WITH STUDENTS IN EVERY US STATE, WASHINGTON D.C, AND 4 U.S. TERRITORIES. INTERNATIONALLY, THE UNIVERSITY IS REPRESENTED IN 55 COUNTRIES WITH 315 TOTAL STUDENTS. FOUNDED BY AND ASSOCIATED WITH THE ASSEMBLIES OF GOD CHRISTIAN DENOMINATION, THE UNIVERSITY SERVES A CULTURALLY DIVERSE STUDENT BODY COMPRISED OF 39.4% ETHNIC MINORITIES AND VARIOUS RELIGIOUS BACKGROUNDS.

Program 2

Expenses: $5,750,992 Revenue: $16,397,812

AUXILIARY ENTERPRISES: AN IMPORTANT PART OF SOUTHEASTERN UNIVERSITY'S SERVICE TO ITS STUDENTS IS THE PROVISION OF CONVENIENT, NUTRITIONAL MEALS AND SAFE, COMFORTABLE LIVING ARRANGEMENTS. DURING THE 2024-2025 PROGRAM YEAR, SEU PROVIDED ITS 1,561 RESIDENTIAL AND 660 COMMUTER STUDENTS A VARIETY OF MEAL PLAN OPTIONS AND CAMPUS DINING FACILITIES INCLUDING TUSCANA RISTORANTE, MI CASA CAFE, CHICK-FIL-A, PORTICO COFFEEHOUSE, BACKYARD BURGERS, EINSTEIN BROS. BAGELS AND PAPA JOHN'S PIZZA. RESIDENTIAL HOUSING AMENITIES INCLUDED USE OF WASHERS & DRYERS, WI-FI AND PHONE HOOK-UP, STREAMING SERVICES, AND COMMON AREAS FOR STUDYING AND RECREATION. FULL-TIME, ON-CAMPUS RESIDENT DIRECTORS PROVIDED SUPPORT AND CONNECTION WITH NEEDED RESOURCES.

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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