SPALDING UNIVERSITY INC (EIN 610444780) - 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

1984

Legal Domicile

Principal Officer

TORI MURDEN MCCLURE

Phone

5025859911

Tax Period

2022-07-01 to 2023-06-30

SPALDING UNIVERSITY INC, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $43.4M in total revenue in fiscal year 2022.

Mission

SPALDING UNIVERSITY IS A CO-EDUCATIONAL, INDEPENDENT INSTITUTION ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AS A DOCTORAL LEVEL INSTITUTION. THE UNIVERSITY OFFERS PROGRAMS IN BUSINESS, NURSING, OCCUPATIONAL THERAPY, SOCIAL WORK, PYSCHOLOGY, CREATIVE WRITING, EDUCATION, AND OTHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,196,001

Program Service Revenue $32,918,677

Investment Income $981,778

Other Revenue $1,277,395

TOTAL REVENUE $43,373,851

Expense Breakdown

Grants Paid $5,587,373

Salaries & Benefits $22,447,365

Fundraising Expenses $436,067

Program Expenses $34,668,483

Other Expenses $14,551,436

TOTAL EXPENSES $42,586,174

Year-over-Year Comparison

	2022	2021	Change
Revenue	$43,373,851	$44,315,139	0.0%
Expenses	$42,586,174	$42,181,404	+0.0%
Net Income	$787,677	$2,133,735	-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

796

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

$765,060

Total Directors

$224,388

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLIE SHERYAK	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES MORRIS	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALFONSO CORNISH	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICK BLACKWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA LEET	TRUSTEE	1.00	Director	$0	$0	$0
BRENDA GONZALES SCN	TRUSTEE (START 9/22)	1.00	Director	$0	$0	$0
BRIDGET PAPALIA	TRUSTEE (START 9/22)	1.00	Director	$0	$0	$0
CHRISTE COE	TRUSTEE	1.00	Director	$0	$0	$0
DR MARY BETH BOWLING	TRUSTEE	1.00	Director	$0	$0	$0
GENE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ISAAC MYERS	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE WOOD	TRUSTEE	1.00	Director	$0	$0	$0
JAMES RISSLER	TRUSTEE (END 6/23)	1.00	Director	$0	$0	$0
M SERRA GOETHALS SCN	TRUSTEE	1.00	Director	$0	$0	$0
MARK CARTER	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA WEINSTEIN	TRUSTEE (START 9/22)	1.00	Director	$0	$0	$0
MARY WOLFORD	TRUSTEE (END 12/22)	1.00	Director	$0	$0	$0
NEVILLE BLAKEMORE	TRUSTEE	1.00	Director	$0	$0	$0
PAUL RATTERMAN	TRUSTEE	1.00	Director	$0	$0	$0
RALPH DE CHABERT	TRUSTEE	1.00	Director	$0	$0	$0
ROGER MCCLENDON	TRUSTEE	1.00	Director	$0	$0	$0
SISTER SHARON GRAY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS F WILLIAMS JR PHD	TRUSTEE (START 9/22)	1.00	Director	$0	$0	$0
PATTIE DILLON	FACULTY TRUSTEE (END 9/22)	40.00	Director	$100,145	$9,377	$109,522
JOHN WILCOX	FACULTY TRUSTEE (START 9/22)	40.00	Director	$101,502	$13,364	$114,866
TORI M MCCLURE	PRESIDENT	40.00	Officer	$243,383	$23,338	$266,721
EZRA L KRUMHANSL	COO/CFO	40.00	Officer	$146,752	$28,116	$174,868
JOHN BURDEN	PROVOST	40.00	Officer	$157,977	$20,536	$178,513
EMILY NORRIS	GENERAL COUNSEL	40.00	Officer	$117,899	$27,059	$144,958
STEVEN D KNIFFLEY	CDO/ASSOCIATE PROFESSOR (END 4/23)	40.00	Highest	$153,101	$11,971	$165,072
ELISA M ZUBER	DIRECTOR OF DOCTOR IN PHYSICAL THERAPY PROGRAM	40.00	Highest	$132,004	$10,061	$142,065
SVJETLANA WATSON	CHAIR OF NURSING	40.00	Highest	$136,315	$6,996	$143,311
KURT JEFFERSON	DEAN OF GRADUATE EDUCATION	40.00	Highest	$130,063	$24,481	$154,544
MICHELLE C REISS	CHAIR OF BUSINESS ADMINISTRATION	40.00	Highest	$137,530	$14,839	$152,369

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	No data	No data	No data	No data
2023	$43,373,851	$42,586,174	$85,182,991	$787,677
2022	$44,315,139	$42,181,404	$83,690,436	$2,133,735
2021	$39,864,108	$37,413,352	$85,532,639	$2,450,756
2020	$38,440,740	$38,738,803	$79,512,121	$-298,063
2019	$43,446,972	$40,686,089	$76,979,092	$2,760,883
2018	$44,791,533	$40,980,719	$77,214,872	$3,810,814

SPALDING UNIVERSITY INC