Belmont University

EIN: 620465076 501(c)(3) Education

Nashville, TN

Total Revenue
$579,470,406
Total Expenses
$493,476,216
Total Assets
$1,849,461,397
Net Assets
$1,456,569,071
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
TN
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 CHRIST-CENTERED AND STUDENT FOCUSED CHRISTIAN COMMUNITY PROVIDING AN ACADEMICALLY CHALLENGING EDUCATION THAT EMPOWERS MEN AND WOMEN OF DIVERSE BACKGROUNDS TO ENGAGE AND TRANSFORM THE WORLD WITH DISCIPLINED INTELLIGENCE, COMPASSION, COURAGE AND FAITH.

Program Service Accomplishments

Program 1
Expenses: $368,467,664 Revenue: $428,573,253

EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,800 STUDENTS, OFFERING MORE THAN 190 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS TWELVE COLLEGES AND...

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EDUCATIONAL PROGRAMS, INSTRUCTION AND STUDENT SERVICES ARE PROVIDED TO MORE THAN 8,800 STUDENTS, OFFERING MORE THAN 190 UNDERGRADUATE AND GRADUATE ACADEMIC PROGRAMS THROUGH ITS TWELVE COLLEGES AND SCHOOLS, INCLUDING THE MIKE CURB COLLEGE OF ENTERTAINMENT AND MUSIC BUSINESS, COLLEGE OF PHARMACY, THE MASSEY COLLEGE OF BUSINESS ADMINISTRATION, AND THE COLLEGE OF LAW. BELMONT OFFERS INTERCOLLEGIATE ATHLETICS IN FIFTEEN DIFFERENT SPORTS, COMPETING IN THE MISSOURI VALLEY CONFERENCE (MEN'S TENNIS IS AN AFFILIATE MEMBER OF THE HORIZON LEAGUE). BELMONT STUDENT-ATHLETES HAVE COMPILED IMPRESSIVE RECORDS, BOTH ON AND OFF THE PLAYING COURT AND FIELD. BELMONT IS THE ONLY INSTITUTION IN AMERICA WHOSE MEN'S AND WOMEN'S BASKETBALL PROGRAMS HAVE WON 20 OR MORE GAMES IN 10 CONSECUTIVE SEASONS. BELMONT HAS WON ITS CONFERENCE ACADEMIC ACHIEVEMENT AWARD 21 OF THE LAST 23 YEARS. STUDENT ACTIVITIES ROUND OUT THE COLLEGIATE EXPERIENCE, WITH A FOCUS ON CAMPUS LIFE AND COMMUNITY, STUDENT HEALTH AND WELFARE, AND STUDENT ADVOCACY AND SUPPORT. THERE ARE CURRENTLY MORE THAN 200 CLUBS AND ORGANIZATIONS AVAILABLE TO STUDENTS.

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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 (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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Governance

Voting Members
28
Independent Members
28
Employees
4701
Volunteers
80

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
13
$4,176,973
Total Directors
29
$0
Key Employees
7
$3,281,659
Highest Compensated
5
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
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