EASTERN KENTUCKY UNIVERSITY FOUNDA… - 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

1968

Legal Domicile

Principal Officer

MS JERI ISBELL

Phone

8596225012

Tax Period

2022-07-01 to 2023-06-30

EASTERN KENTUCKY UNIVERSITY FOUNDATION INC, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2022. The organization ran a surplus of $4.7M, a strong 43% operating margin.

Mission

THE EKU FOUNDATION PROVIDES SUPPORT FOR EASTERN KENTUCKY UNIVERSITY IN ACCOMPLISHING ITS GOALS OF EDUCATION AND REGIONAL STEWARDSHIP WITHIN ITS SOUTHEASTERN KENTUCKY SERVICE REGION.

Program Service Accomplishments

Program 1

Expenses: $3,706,446 Revenue: $124,998

FUNDING TO SUPPORT THE CORE MISSION OF THE UNIVERSITY BY ESTABLISHING FUNDS FOR ACADEMIC DEPARTMENTS TO PURCHASE EQUIPMENT, SUPPLIES, PROFESSIONAL DEVELOPMENT, AND OTHER MATERIALS RELATED TO...

FUNDING TO SUPPORT THE CORE MISSION OF THE UNIVERSITY BY ESTABLISHING FUNDS FOR ACADEMIC DEPARTMENTS TO PURCHASE EQUIPMENT, SUPPLIES, PROFESSIONAL DEVELOPMENT, AND OTHER MATERIALS RELATED TO FURTHERING THE CLASSROOM EXPERIENCE.

Program 2

Expenses: $1,979,743

FUNDING TO SUPPORT STUDENT FINANCIAL AID AND SCHOLARSHIPS, THUS ENABLING THOSE STUDENTS WHO ARE BOTH CAPABLE AND/OR HAVE FINANCIAL NEED TO RECEIVE A COLLEGE EDUCATION. THESE INCLUDE MERIT...

FUNDING TO SUPPORT STUDENT FINANCIAL AID AND SCHOLARSHIPS, THUS ENABLING THOSE STUDENTS WHO ARE BOTH CAPABLE AND/OR HAVE FINANCIAL NEED TO RECEIVE A COLLEGE EDUCATION. THESE INCLUDE MERIT SCHOLARSHIPS AWARDED TO STUDENTS IN THE EASTERN KENTUCKY UNIVERSITY HONORS PROGRAM, AS WELL AS SCHOLARSHIPS FOR STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED. ENDOWMENT INCOME FOR INVESTED FUNDS HELD BY THE EASTERN KENTUCKY UNIVERSITY FOUNDATION IS THE PRIMARY SOURCE OF FUNDING FOR THIS PURPOSE.

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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 $7,349,396

Program Service Revenue $0

Investment Income $3,314,474

Other Revenue $137,698

TOTAL REVENUE $10,801,568

Expense Breakdown

Grants Paid $5,440,342

Salaries & Benefits $0

Fundraising Expenses $764

Program Expenses $5,686,189

Other Expenses $666,824

TOTAL EXPENSES $6,107,930

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,801,568	$10,890,357	0.0%
Expenses	$6,107,930	$5,802,983	+0.1%
Net Income	$4,693,638	$5,087,374	-0.1%

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

$437,528

Total Directors

$615,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID T MCFADDIN	EKU PRESIDENT	1.00	Director	$0	$58,005	$615,383
MARTIN COBB	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PAGE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE EAVES	BOARD OF REGENTS REPRESENT	1.00	Director	$0	$0	$0
DONALD WHITAKER	TRUSTEE	1.00	Director	$0	$0	$0
JIM GUICE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN WADE	SECRETARY	1.00	Officer Director	$0	$0	$0
JERI ISBELL	CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD MATTINGLY	TRUSTEE	1.00	Director	$0	$0	$0
MARY OUSLEY	TRUSTEE	1.00	Director	$0	$0	$0
MARIBETH BERMAN	TRUSTEE (ENDED 12/31/22)	1.00	Director	$0	$0	$0
BILL REDDICK	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT CLICK	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
BOB SULLIVAN	INTERNATIONAL ALUMNI REPRE	1.00	Director	$0	$0	$0
MATT EVANS	TRUSTEE (ENDED 12/31/22)	1.00	Director	$0	$0	$0
TROY ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE P FAWBUSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLEY GILLISPIE	TRUSTEE (AS OF 4/27/23)	1.00	Director	$0	$0	$0
MELANIE HUDSON	TRUSTEE (AS OF 4/27/23)	1.00	Director	$0	$0	$0
BRIAN BODE	TRUSTEE (AS OF 4/1/23)	1.00	Director	$0	$0	$0
TOM LARANCE	TRUSTEE (AS OF 4/1/23)	1.00	Director	$0	$0	$0
BARRY POYNTER	VP EKU/TREASURER	3.00	Officer	$0	$27,893	$234,879
BETINA GARDNER	VICE PRESIDENT, UNIV. DEV.	20.00	Officer	$0	$35,190	$202,649

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	$10,801,568	$6,107,930	$107,369,118	$4,693,638
2022	$10,890,357	$5,802,983	$96,787,631	$5,087,374
2021	$13,222,862	$3,409,543	$108,575,840	$9,813,319
2020	$4,633,385	$3,699,986	$84,085,981	$933,399
2019	$5,155,223	$4,079,670	$82,578,735	$1,075,553
2018	$6,421,409	$4,404,382	$79,605,848	$2,017,027

EASTERN KENTUCKY UNIVERSITY FOUNDATION INC