LeMoyne-Owen College (EIN 620475690) - 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

1934

Legal Domicile

Principal Officer

Joyce A McGhee

Phone

9014351000

Tax Period

2024-07-01 to 2025-06-30

LeMoyne-Owen College, founded in 1934, is a mid-sized nonprofit in the Education sector that reported $19.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $27.3M exceeded revenue, resulting in a 43% operating deficit.

Mission

Provide a transformative experience educating students for urban-focused leadership, scholarship, service, and professional careers.

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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 $9,352,517

Program Service Revenue $9,543,209

Investment Income $36,123

Other Revenue $218,703

TOTAL REVENUE $19,150,552

Expense Breakdown

Grants Paid $1,748,449

Salaries & Benefits $1,462,096

Fundraising Expenses $803,164

Program Expenses $16,111,950

Other Expenses $24,116,348

TOTAL EXPENSES $27,326,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,150,552	$20,391,139	-0.1%
Expenses	$27,326,893	$22,631,484	+0.2%
Net Income	$-8,176,341	$-2,240,345	+2.6%

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

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

246

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

$1,462,096

Total Directors

$264,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Christopher Davis	President	040.00	Officer Director	$264,004	$0	$264,004
Ms Joyce McGhee	Vice President of Administration Finance, CFO	040.00	Officer	$180,000	$0	$180,000
Dr Lisa J Lang	Provost Vice President for Academic Affairs	040.00	Officer	$167,092	$0	$167,092
Ms Kimberly Bailey	Vice President of Information Technology, CIO	040.00	Officer	$165,000	$0	$165,000
Ms Tara Dunn Ross	Chief Operations Officer	040.00	Officer	$135,000	$0	$135,000
Ms Amy Davis	Vice President, Human Resources, CHRO	040.00	Officer	$125,000	$0	$125,000
Mr William Anderson	Athletics Director	040.00	Officer	$100,000	$0	$100,000
LaMar-Octavious Scott	Vice President, Student Affairs	040.00	Officer	$100,000	$0	$100,000
Ms Gail Robinson	Executive Director, Title III	040.00	Officer	$90,000	$0	$90,000
Ms Rosalyn Nichols	Vice President of Advancement	040.00	Officer	$75,000	$0	$75,000
Ms Kimberly Monday	Executive Assistant to the President	040.00	Officer	$61,000	$0	$61,000
Ms Patricia Covington	Board Member	001.00	Director	$0	$0	$0
Mr Jason H Berger	First Vice Chairperson	001.00	Officer Director	$0	$0	$0
Mrs Sharon Devine Harris	Secretary	001.00	Officer Director	$0	$0	$0
Mr Byron Cole	Board Member	001.00	Director	$0	$0	$0
Dr Myke Collins	Board Member	001.00	Director	$0	$0	$0
Dr Deborah Harmon Hines	Board Member	001.00	Director	$0	$0	$0
Mrs Vanecia Belser Kimbrow	Chairperson	001.00	Officer Director	$0	$0	$0
Mr Victor Walker	Board Member	001.00	Director	$0	$0	$0
Dr Marlon King	Board Member	001.00	Director	$0	$0	$0
Rev Dr William Ladd	Board Member	001.00	Director	$0	$0	$0
Dr Sandra Madubuonwu	Board Member	001.00	Director	$0	$0	$0
Mr Michael Scarbrough	Board Member	001.00	Director	$0	$0	$0
Dr Claudette Jones Shephard	Board Member	001.00	Director	$0	$0	$0
Dr Haywood Strickland	Board Member	001.00	Director	$0	$0	$0
Mrs KC Warren	Second Vice Chairperson	001.00	Officer Director	$0	$0	$0
Mr Michael Collins	Board Member	001.00	Director	$0	$0	$0
Mrs Miska Clay Bibbs	Board Member	001.00	Director	$0	$0	$0
Dr Linda White	Board Member	001.00	Director	$0	$0	$0
Dr Sonja B Williams	Board Member	001.00	Director	$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	$19,150,552	$27,326,893	$44,916,722	$-8,176,341
2024	No data	No data	No data	No data
2023	$27,458,504	$25,944,968	$51,465,324	$1,513,536
2022	$20,712,048	$20,474,374	$51,409,321	$237,674
2021	$23,441,931	$18,750,931	$53,577,456	$4,691,000
2020	$17,931,529	$17,787,280	$46,497,900	$144,249
2019	$19,305,723	$16,855,071	$45,207,023	$2,450,652
2018	$18,321,117	$16,929,584	$42,811,497	$1,391,533

LeMoyne-Owen College