Belmont University (EIN 620465076) - 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

1951

Legal Domicile

Phone

6154606000

Tax Period

2024-06-01 to 2025-05-31

Belmont University, founded in 1951, is a major nonprofit in the Education sector that reported $579.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $493.5M left a modest 15% surplus.

Mission

BELMONT UNIVERSITY IS A PRIVATE, COEDUCATIONAL INSTITUTION FOCUSED ON UNDERGRADUATE AND POST-GRADUATE EDUCATION. IT PROVIDES AN ACADEMICALLY CHALLENGING EDUCATION AND STRIVES TO BE A LEADER AMONG TEACHING UNIVERSITIES BRINGING TOGETHER THE BEST OF LIBERAL ARTS AND PROFESSIONAL EDUCATION IN A CHRISTIAN COMMUNITY OF LEARNING AND SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $68,851,596

Program Service Revenue $417,814,068

Investment Income $72,736,497

Other Revenue $20,068,245

TOTAL REVENUE $579,470,406

Expense Breakdown

Grants Paid $148,437,567

Salaries & Benefits $203,747,233

Fundraising Expenses $9,471,157

Program Expenses $368,467,664

Other Expenses $141,291,416

TOTAL EXPENSES $493,476,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$579,470,406	$523,196,221	+0.1%
Expenses	$493,476,216	$462,110,031	+0.1%
Net Income	$85,994,190	$61,086,190	+0.4%

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

4701

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

$4,176,973

Total Directors

Key Employees

$3,281,659

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Russell	Secretary	1.0	Officer Director	$0	$0	$0
Cordia Harrington	Vice Chair	1.0	Officer Director	$0	$0	$0
R Milton Johnson	Chair	1.0	Officer Director	$0	$0	$0
Rusty Gaston	Vice Chair	1.0	Officer Director	$0	$0	$0
WINSTON JUSTICE	Vice Chair	1.0	Officer Director	$0	$0	$0
Alfonzo Alexander	Trustee	1.0	Director	$0	$0	$0
Andrea Waitt Carlton	Trustee	1.0	Director	$0	$0	$0
Anna Thornton	Trustee	1.0	Director	$0	$0	$0
Barbara Massey Rogers	Trustee	1.0	Director	$0	$0	$0
Ben Vaughn	Trustee (Through January 2025)	1.0	Director	$0	$0	$0
Burke Nihill	Trustee	1.0	Director	$0	$0	$0
Carolyn McAfee Bruner	Trustee	1.0	Director	$0	$0	$0
Chris Bollinger	Trustee	1.0	Director	$0	$0	$0
Claire Tucker	Trustee	1.0	Director	$0	$0	$0
Clay Stauffer	Trustee	1.0	Director	$0	$0	$0
Dr Angela Webb	Trustee	1.0	Director	$0	$0	$0
Dr Jeremy Kees	Trustee	1.0	Director	$0	$0	$0
Dr John R Faison Sr	Trustee	1.0	Director	$0	$0	$0
Dr Michael Cuffe	Trustee	1.0	Director	$0	$0	$0
Emily Reynolds	Trustee	N/A	Director	$0	$0	$0
James Archer	Trustee	1.0	Director	$0	$0	$0
Jamie Jones	Trustee	1.0	Director	$0	$0	$0
Janet Ayers	Trustee	1.0	Director	$0	$0	$0
Jim Darter	Trustee	1.0	Director	$0	$0	$0
Kimberly Williams Paisley	Trustee	1.0	Director	$0	$0	$0
Larry Kloess	Trustee	1.0	Director	$0	$0	$0
Lee Beaman	Trustee	1.0	Director	$0	$0	$0
Ray Guzman	Trustee	1.0	Director	$0	$0	$0
Rebecca McKelvey Castaneda	Trustee	1.0	Director	$0	$0	$0
David Gregory	EVP for Academic Excellence & Provost	40.0	Officer	$453,901	$31,803	$485,704
David Rosselli	EVP For University Advancement	40.0	Officer	$626,630	$42,894	$669,524
Harry Allen	EVP for Financial Excellence & CFO	40.0	Officer	$218,579	$20,271	$238,850
Jason Rogers	EVP for External Engagement & University Counsel	40.0	Officer	$384,369	$46,094	$430,463
L Greg Jones	President	40.0	Officer	$988,996	$146,268	$1,135,264
Lori Baker	EVP for Aspirational Excellence	40.0	Officer	$375,902	$17,250	$393,152
Scott Corley	VP & Athletic Director	40.0	Officer	$338,371	$47,103	$385,474
Susan West	EVP for Administration/Chief of Staff	40.0	Officer	$393,604	$44,938	$438,542
Alberto Gonzales	Dean	40.0	Key Emp	$486,482	$47,103	$533,585
Anderson Spickard	Dean	40.0	Key Emp	$491,483	$48,654	$540,137
Brittany Schaffer	Dean	40.0	Key Emp	$486,561	$32,810	$519,371
Ed Magee	COO of Med School & VP of Strategic Ops	40.0	Key Emp	$347,077	$47,103	$394,180
Joshua Yates	EXECUTIVE DIRECTOR	40.0	Key Emp	$300,718	$44,015	$344,733
Paula Gill	VP Institutional Effectiveness	40.0	Key Emp	$423,212	$32,206	$455,418
Sarah Gardial	Dean	40.0	Key Emp	$457,183	$37,052	$494,235
Bart Brooks	Head Woman's Basketball Coach	40.0	Highest	$377,554	$94,947	$472,501
Casey Alexander	Head Men's Basketball Coach	40.0	Highest	$1,484,574	$101,971	$1,586,545
Erich Baker	Vice Provost & Professor	40.0	Highest	$366,794	$45,073	$411,867
Pat Whitworth III	Assistant Professor	40.0	Highest	$379,194	$47,894	$427,088
Ryan Grippo	Associate Professor	40.0	Highest	$381,992	$44,942	$426,934
Amy Crook	Former Officer	40.0		$173,250	$25,080	$198,330
Christopher Gage	Former Officer	40.0		$271,399	$26,816	$298,215
Clifton Perry Moulds	Former Officer	0.0		$156,521	$19,253	$175,774
Robert Fisher	FORMER OFFICER	25.0		$102,255	$27,598	$129,853
Sarah Cates	Former Officer	40.0		$274,040	$39,024	$313,064
Steven Lasley	FORMER OFFICER	40.0		$325,558	$37,919	$363,477
Tamika Wordlow Williams	Former Officer	40.0		$252,777	$27,577	$280,354
Todd Lake	Former Officer	40.0		$207,968	$46,893	$254,861

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	$579,470,406	$493,476,216	$1,849,461,397	$85,994,190
2024	$523,196,221	$462,110,031	$1,813,637,235	$61,086,190
2023	$453,993,835	$405,658,061	$1,565,002,574	$48,335,774
2022	$464,356,154	$352,879,826	$1,474,473,117	$111,476,328
2021	$406,447,186	$295,602,386	$1,320,672,864	$110,844,800
2020	$378,873,316	$281,342,363	$1,133,197,968	$97,530,953
2019	$374,347,018	$257,356,587	$1,042,287,586	$116,990,431
2018	$339,836,219	$238,503,956	$952,817,256	$101,332,263

Belmont University