THE JACKSONVILLE STATE UNIVERSITY … - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

KENNETH HOWELL

Phone

2567825906

Tax Period

2024-01-01 to 2024-12-31

THE JACKSONVILLE STATE UNIVERSITY FOUNDATION INC, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $18.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $51.9M represent 34 months of operating reserves.

Mission

THE JACKSONVILLE STATE UNIVERSITY FOUNDATION ENCOURAGES AND MAXIMIZES PRIVATE GIFT SUPPORT FOR THE UNIVERSITY AND MANAGES AND INVESTS GIFTS WITH PRUDENCE, COMPETENCE AND INTEGRITY.

Program Service Accomplishments

Program 1

Expenses: $17,824,273 Revenue: $5,738,782

THE FOUNDATION IS LAYING THE GROUNDWORK FOR THE FUTURE FUNDRAISING SUCCESS IN ORDER TO AID THE UNIVERSITY IN FULFILLING ITS OWN MISSION OF EXCELLENCE IN EDUCATION, RESEARCH, AND SERVICE.

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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 $6,453,065

Program Service Revenue $4,720,563

Investment Income $5,840,992

Other Revenue $1,106,677

TOTAL REVENUE $18,121,297

Expense Breakdown

Grants Paid $3,715,771

Salaries & Benefits $0

Fundraising Expenses $136,179

Program Expenses $17,824,273

Other Expenses $14,741,842

TOTAL EXPENSES $18,457,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,121,297	$15,706,098	+0.2%
Expenses	$18,457,613	$13,370,066	+0.4%
Net Income	$-336,316	$2,336,032	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN T THOMAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY SMILEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH HOWELL	TREASURER	1.00	Officer Director	$0	$0	$0
DR ALAN MEDDERS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR RONNIE CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
MS NANCY CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL WEBB	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WEBB	DIRECTOR	1.00	Director	$0	$0	$0
BRAXTON WADE	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE SAXON	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
GREG MORROW	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL ORANGE	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE PINKARD	DIRECTOR	1.00	Director	$0	$0	$0
DON HEDDEN	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
DR JAN CASE	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DR GARY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MARC ANGLE	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN SNEED	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BASS	DIRECTOR	1.00	Director	$0	$0	$0
SHERI HARBISON	DIRECTOR	1.00	Director	$0	$0	$0
DR GREG SUMNER	DIRECTOR	1.00	Director	$0	$0	$0
DR GORDON SUMNER	DIRECTOR	1.00	Director	$0	$0	$0

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
2024	$18,121,297	$18,457,613	$328,721,726	$-336,316
2023	$15,706,098	$13,370,066	$231,700,279	$2,336,032
2022	$12,483,818	$12,467,850	$92,436,388	$15,968
2021	$15,547,897	$9,791,435	$99,989,549	$5,756,462
2020	$8,911,415	$8,262,661	$91,120,631	$648,754
2019	$9,148,787	$8,775,423	$90,570,200	$373,364
2018	$7,468,646	$5,037,255	$89,254,551	$2,431,391

THE JACKSONVILLE STATE UNIVERSITY FOUNDATION INC