MURRAY STATE UNIVERSITY FOUNDATION INC

EIN: 616053844 501(c)(3) Education

MURRAY, KY

Total Revenue
$15,739,804
Total Expenses
$7,420,608
Total Assets
$192,247,701
Net Assets
$150,704,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
KY
Principal Officer
DR DAVID DURR
Phone
2708093017
Tax Period
2023-07-01 to 2024-06-30

MURRAY STATE UNIVERSITY FOUNDATION INC, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $15.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 53% operating margin.

Mission

ENHANCEMENT OF MURRAY STATE UNIVERSITY BY ASSISTING IN FUNDRAISING, COLLECTING CONTRIBUTIONS FOR STUDENT SCHOLARSHIPS, FACULTY SUPPORT, AND SPECIAL PROJECTS. THE FOUNDATION ALSO ASSISTS IN MANAGING SCHOLARSHIP DISBURSEMENTS AND INVESTMENT MANAGEMENT.

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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 $7,356,389
Program Service Revenue $655,209
Investment Income $7,692,274
Other Revenue $35,932
TOTAL REVENUE $15,739,804

Expense Breakdown

Grants Paid $5,555,152
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,465,028
Other Expenses $1,865,456
TOTAL EXPENSES $7,420,608

Year-over-Year Comparison

2023 2022 Change
Revenue $15,739,804 $10,185,708 +0.5%
Expenses $7,420,608 $6,973,782 +0.1%
Net Income $8,319,196 $3,211,926 +1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
27

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
4
$246,102
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY T SHROAT CHAIR 2.00
Director
$0 $0 $0
HAROLD G DORAN JR VICE-CHAIR 2.00
Director
$0 $0 $0
C STEVE STORY TREASURER 2.00
Director
$0 $0 $0
TIMOTHY M ADAMS TRUSTEE 1.00
Director
$0 $0 $0
RICHARD A DICK ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
MARY RHEAETTA RHEA ASHBY TRUSTEE 1.00
Director
$0 $0 $0
DAVID M DILL TRUSTEE 1.00
Director
$0 $0 $0
CAMISHA DUFFY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL S HAMILTON TRUSTEE 1.00
Director
$0 $0 $0
KAREN JONES SQUIRES TRUSTEE 1.00
Director
$0 $0 $0
THOMAS B LOGAN TRUSTEE 1.00
Director
$0 $0 $0
GEORGE E LONG II TRUSTEE 1.00
Director
$0 $0 $0
JOE A OWEN TRUSTEE 1.00
Director
$0 $0 $0
LANA G PORTER TRUSTEE 1.00
Director
$0 $0 $0
JESSICA REED TRUSTEE 1.00
Director
$0 $0 $0
SHAWN L REYNOLDS TRUSTEE 1.00
Director
$0 $0 $0
DENNIS W SMITH TRUSTEE 1.00
Director
$0 $0 $0
GARY THOMAS DRAFFEN TRUSTEE 1.00
Director
$0 $0 $0
ALAN C STOUT TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY S TODD TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL M PITMAN TRUSTEE 1.00
Director
$0 $0 $0
KATHY HARRIS TRUSTEE 1.00
Director
$0 $0 $0
DR DAVID W DURR PRESIDENT 20.00
Officer
$81,715 $12,804 $94,519
CAROL GALLIMORE SECRETARY 38.00
Officer
$41,975 $18,946 $60,921
ELLEN DALE CONTROLLER 40.00
Officer
$80,927 $7,200 $88,127
JAMES CRAWFORD CONTROLLER (PARTIAL YEAR) 40.00
Officer
$2,303 $232 $2,535
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 $15,739,804 $7,420,608 $192,247,701 $8,319,196
2023 $10,185,709 $6,973,783 $170,455,346 $3,211,926
2022 $13,383,107 $5,465,613 $158,062,479 $7,917,494
2021 $13,646,404 $5,530,455 $179,089,446 $8,115,949
2020 $8,079,153 $4,740,360 $141,577,757 $3,338,793
2019 $8,162,194 $4,434,297 $138,054,243 $3,727,897
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