BINGHAM FUND FOR EXCELLENCE IN TEACHING AT TRANSYLVANIA UNIV

EIN: 611129707 501(c)(3) Education

Lexington, KY

Total Revenue
$2,201,322
Total Expenses
$2,850,040
Total Assets
$130,631,434
Net Assets
$130,631,434
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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
1987
Legal Domicile
KY
Principal Officer
Lisa Custardo
Phone
8592338100
Tax Period
2023-07-01 to 2024-06-30

BINGHAM FUND FOR EXCELLENCE IN TEACHING AT TRANSYLVANIA UNIV, founded in 1987, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 29% operating deficit.

Mission

Promotes teaching quality and development of the faculty of Transylvania University

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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 $0
Program Service Revenue $0
Investment Income $2,201,322
Other Revenue $0
TOTAL REVENUE $2,201,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,220,091
Fundraising Expenses $0
Program Expenses $2,676,766
Other Expenses $629,949
TOTAL EXPENSES $2,850,040

Year-over-Year Comparison

2023 2022 Change
Revenue $2,201,322 $2,911,539 -0.2%
Expenses $2,850,040 $2,307,805 +0.2%
Net Income $-648,718 $603,734 -2.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$0
Total Directors
10
$560,850
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mr Brien Lewis Trustee 1
Director
$0 $47,389 $484,850
Dr John Williams Executive Director 10
Director
$0 $0 $36,000
Dr Sarah Stanbury Trustee 1
Director
$0 $0 $20,000
Dr Jonathan Berkey Trustee 1
Director
$0 $0 $20,000
Mr George Branch Trustee 1
Director
$0 $0 $0
Mr Norwood Cowgill Trustee 1
Director
$0 $0 $0
Ms Carol L Jones Trustee 1
Director
$0 $0 $0
Dr Dan Jones Trustee 1
Director
$0 $0 $0
Dr John K Roth Trustee 1
Director
$0 $0 $0
Mr William T Young Jr Trustee 1
Director
$0 $0 $0
Mr Christopher H Young Chair 1
Officer
$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 $2,201,322 $2,850,040 $130,631,434 $-648,718
2023 $2,911,539 $2,307,805 $115,652,243 $603,734
2022 $2,048,906 $2,227,205 $103,294,349 $-178,299
2021 $1,944,699 $1,990,851 $111,075,860 $-46,152
2020 $1,927,476 $1,325,166 $88,470,681 $602,310
2019 $6,090,369 $1,656,009 $86,130,394 $4,434,360
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