Tennessee Technological University Foundation

EIN: 591777911 501(c)(3) Education

COOKEVILLE, TN

Total Revenue
$13,769,757
Total Expenses
$12,861,723
Total Assets
$149,916,981
Net Assets
$147,752,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TN
Phone
9313723311
Tax Period
2023-07-01 to 2024-06-30

Tennessee Technological University Foundation, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $13.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $12.9M left a modest 7% surplus.

Mission

THE TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION IS A NON-PROFIT 501(C)(3) CORPORATION WHOSE PURPOSE IS TO PROVIDE GUIDANCE AND ASSISTANCE FOR A PROGRAM OF PRIVATE GIFT SUPPORT FOR TENNESSEE TECH. MORE SPECIFICALLY ITS PURPOSES ARE TO PROMOTE THE DEVELOPMENT PROGRAM AT TENNESSEE TECH; PROVIDE ADVICE, COUNSEL, AND ASSISTANCE TO THE PRESIDENT ON STRATEGIC ISSUES THAT IMPACT THE DIRECTION AND FUTURE OF THE UNIVERSITY; ENCOURAGE, RECOGNIZE, AND REWARD OUTSTANDING ACHIEVEMENTS BY FACULTY, STAFF, STUDENTS, ALUMNI, AND FRIENDS OF TENNESSEE TECH; AND RECEIVE AND ADMINISTER PRIVATE FUNDS WHICH ARE CONTRIBUTED TO TENNESSEE TECH AND IN THOSE CASES WHERE FUNDS ARE GIVEN WITH RESTRICTIONS, TO FOLLOW AND ABIDE BY THE PROVISIONS OF THE RESTRICTIONS.

Program Service Accomplishments

Program 1
Expenses: $7,244,910

TRANSFERRED FUNDS TO TENNESSEE TECHNOLOGICAL UNIVERSITY FOR THE SUPPORT OF VARIOUS DEPARTMENTS.

Program 2
Expenses: $3,200,764 Revenue: $644,952

PROVIDED FUNDS FOR SCHOLARSHIPS AND SUPPORT OF TENNESSEE TECHNOLOGICAL UNIVERSITY.

Program 3
Expenses: $2,105,395

MADE PURCHASES, PAID FOR TRAVEL, AND PERFORMED MAINTENANCE ON BEHALF OF TENNESSEE TECHNOLOGICAL UNIVERSITY DEPARTMENTS, PER DONOR REQUESTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,365,087
Program Service Revenue $0
Investment Income $2,930,182
Other Revenue $2,474,488
TOTAL REVENUE $13,769,757

Expense Breakdown

Grants Paid $10,445,674
Salaries & Benefits $0
Fundraising Expenses $20,629
Program Expenses $12,551,069
Other Expenses $2,416,049
TOTAL EXPENSES $12,861,723

Year-over-Year Comparison

2023 2022 Change
Revenue $13,769,757 $10,635,899 +0.3%
Expenses $12,861,723 $9,033,896 +0.4%
Net Income $908,034 $1,602,003 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
16
Employees
N/A
Volunteers
150

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
5
$1,037,845
Total Directors
19
$1,037,845
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFONZO ALEXANDER Vice Chair 0.5
Officer Director
$0 $0 $0
DR CLAIRE STINSON TREASURER 3.7
Officer Director
$0 $33,094 $261,279
DR KEVIN BRASWELL SECRETARY 18.7
Officer Director
$0 $40,462 $245,772
DR PHILIP OLDHAM CO-CHAIR 3.7
Officer Director
$0 $53,704 $530,794
M Dianne Murphy Chair 0.5
Officer Director
$0 $0 $0
AMY NEW Vice Chair-Elect 0.5
Director
$0 $0 $0
ASHRAF ISLAM DIRECTOR 0.5
Director
$0 $0 $0
CHRIS PRIVON DIRECTOR 0.5
Director
$0 $0 $0
DAVID COOLEY DIRECTOR 0.5
Director
$0 $0 $0
FRED LOWERY DIRECTOR 0.5
Director
$0 $0 $0
John Milne Director 0.5
Director
$0 $0 $0
JOHN W ROSE DIRECTOR 0.5
Director
$0 $0 $0
MARY GRAVES DIRECTOR 0.5
Director
$0 $0 $0
NATHAN BURTON DIRECTOR 0.5
Director
$0 $0 $0
NATHAN TUDOR DIRECTOR 0.5
Director
$0 $0 $0
Teresa Chasteen-Dunn Director 0.5
Director
$0 $0 $0
THOMAS H JONES DIRECTOR 0.5
Director
$0 $0 $0
TRUDY HARPER DIRECTOR 0.5
Director
$0 $0 $0
Zaire Mattox Student Member 0.5
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
2025 No data No data No data No data
2024 $13,769,757 $12,861,723 $149,916,981 $908,034
2023 $10,635,899 $9,033,896 $138,086,554 $1,602,003
2022 $26,869,874 $8,022,927 $130,038,853 $18,846,947
2021 $10,032,492 $6,770,506 $123,537,262 $3,261,986
2020 $8,761,158 $5,698,627 $101,900,329 $3,062,531
2019 $9,914,701 $6,965,696 $97,372,063 $2,949,005
2018 $9,698,861 $8,112,304 $91,061,012 $1,586,557
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