HILLTOPPER ATHLETIC FOUNDATION 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

1979

Legal Domicile

Principal Officer

KAT SMITH

Phone

2707455321

Tax Period

2023-01-01 to 2023-12-31

HILLTOPPER ATHLETIC FOUNDATION INC, founded in 1979, is a community nonprofit in the Recreation & Sports sector that reported $3.9M in total revenue in fiscal year 2023. Expenses of $4.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE SUPPORT FOR WESTERN KENTUCKY UNIVERSITY (WKU) ATHLETIC PROGRAMS AND SCHOLARSHIPS FOR STUDENT-ATHLETES AND TO FACILITATE FINANCING OF SPECIFIED WKU ATHLETIC CONSTRUCTION PROJECTS.

Program Service Accomplishments

Program 1

Expenses: $3,099,475

FUNDS RECEIVED BY THE FOUNDATION ARE USED TO SUPPORT THE ATHLETIC PROGRAMS AT WESTERN KENTUCKY UNIVERSITY. AWARDS WERE MADE TO THE INDIVIDUAL ATHLETIC ACTIVITIES DURING THE FISCAL YEAR ENDED DECEMBER...

Program 2

Expenses: $610,413

PROVIDE FUNDS TO WESTERN KENTUCKY UNIVERSITY FOR CAPITAL IMPROVEMENTS TO ATHLETIC FACILITIES USED BY STUDENT ATHLETES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,676,140

Program Service Revenue $0

Investment Income $204,109

Other Revenue $0

TOTAL REVENUE $3,880,249

Expense Breakdown

Grants Paid $2,193,026

Salaries & Benefits $0

Fundraising Expenses $144,835

Program Expenses $3,709,888

Other Expenses $2,196,672

TOTAL EXPENSES $4,389,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,880,249	$3,703,210	+0.0%
Expenses	$4,389,698	$3,139,885	+0.4%
Net Income	$-509,449	$563,325	-1.9%

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

N/A

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
KYLE ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA APPLING	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
BOB BAYSINGER	DIRECTOR	1.00	Director	$0	$0	$0
GEMONEE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW BURT	DIRECTOR	1.00	Director	$0	$0	$0
GINGER CLEARY	DIRECTOR	1.00	Director	$0	$0	$0
RETT DALLAS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
GREG HINES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HUMPHREY	DIRECTOR	1.00	Director	$0	$0	$0
BELLE HUNT	DIRECTOR	1.00	Director	$0	$0	$0
LANNY LOAGUE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LOWDER	DIRECTOR	1.00	Director	$0	$0	$0
JIM MARTENS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE MOREL	DIRECTOR	1.00	Director	$0	$0	$0
TRACY MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
AL PEDIGO	DIRECTOR	1.00	Director	$0	$0	$0
HAL SCHMITT	PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2023	$3,880,249	$4,389,698	$4,447,937	$-509,449
2022	$3,703,210	$3,139,885	$4,633,465	$563,325
2021	$3,372,740	$3,101,615	$5,275,821	$271,125
2020	$4,169,175	$3,160,055	$4,630,808	$1,009,120
2019	$4,235,681	$3,848,275	$3,923,877	$387,406
2018	$4,125,465	$4,996,902	$3,687,834	$-871,437