LINCOLN MEMORIAL UNIVERSITY

EIN: 620479542 501(c)(3) Education

HARROGATE, TN

Total Revenue
$285,223,229
Total Expenses
$214,157,205
Total Assets
$538,423,667
Net Assets
$416,696,709
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Financial Trends

Organization Details

Formation Year
1897
Legal Domicile
TN
Principal Officer
JASON A MCCONNELL
Phone
4238693611
Tax Period
2024-07-01 to 2025-06-30

LINCOLN MEMORIAL UNIVERSITY, founded in 1897, is a major nonprofit in the Education sector that reported $285.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $71.1M, a strong 25% operating margin.

Mission

LINCOLN MEMORIAL UNIVERSITY IS A VALUES-BASED LEARNING COMMUNITY DEDICATED TO PROVIDING EDUCATIONAL EXPERIENCES IN THE LIBERAL ARTS AND PROFESSIONAL STUDIES.

Program Service Accomplishments

Program 1
Expenses: $94,229,589 Revenue: $156,146,822

UNDERGRADUATE/GRADUATE PROGRAMS THE UNIVERSITY STRIVES TO GIVE STUDENTS A FOUNDATION FOR A MORE PRODUCTIVE LIFE BY UPHOLDING THE PRINCIPLES OF ABRAHAM LINCOLN'S LIFE: A DEDICATION TO INDIVIDUAL...

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UNDERGRADUATE/GRADUATE PROGRAMS THE UNIVERSITY STRIVES TO GIVE STUDENTS A FOUNDATION FOR A MORE PRODUCTIVE LIFE BY UPHOLDING THE PRINCIPLES OF ABRAHAM LINCOLN'S LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND IMPROVEMENT; A RESPECT FOR CITIZENSHIP; RECOGNITION OF THE INTRINSIC VALUE OF HIGH MORAL AND ETHICAL STANDARDS; AND A BELIEF IN A PERSONAL GOD. THE UNIVERSITY IS COMMITTED TO TEACHING, RESEARCH, AND SERVICE. THE UNIVERSITY'S CURRICULUM AND COMMITMENT TO QUALITY INSTRUCTION AT EVERY LEVEL ARE BASED ON THE BELIEFS THAT GRADUATES MUST BE ABLE TO COMMUNICATE CLEARLY AND EFFECTIVELY IN AN ERA OF RAPIDLY AND CONTINUOUSLY EXPANDING COMMUNICATION TECHNOLOGY, MUST HAVE AN APPRECIABLE DEPTH OF LEARNING IN A FIELD OF KNOWLEDGE, MUST APPRECIATE AND UNDERSTAND THE VARIOUS WAYS BY WHICH WE COME TO KNOW OURSELVES AND THE WORLD AROUND US, AND MUST BE ABLE TO EXERCISE INFORMED JUDGEMENTS. THE UNIVERSITY BELIEVES THAT ONE OF THE MAJOR CORNERSTONES OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. BY MAKING EDUCATIONAL AND RESEARCH OPPORTUNITIES AVAILABLE TO STUDENTS WHERE THEY LIVE AND THROUGH VARIOUS RECREATIONAL AND CULTURAL EVENTS OPEN TO THE COMMUNITY, LINCOLN MEMORIAL UNIVERSITY SEEKS TO ADVANCE LIFE IN THE CUMBERLAND GAP AREA AND THROUGHOUT THE REGION THROUGH ITS TEACHING, RESEARCH, AND SERVICE MISSION.

Program 2
Expenses: $58,487,332 Revenue: $96,918,717

DEBUSK COLLEGE OF MEDICINE (DCOM) STATEMENT COMMITTED TO THE PREMISE THAT THE CORNERSTONE OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. THE MISSION OF LMU-DCOM IS ACHIEVED BY: TEACHING, RESEARCH...

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DEBUSK COLLEGE OF MEDICINE (DCOM) STATEMENT COMMITTED TO THE PREMISE THAT THE CORNERSTONE OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY. THE MISSION OF LMU-DCOM IS ACHIEVED BY: TEACHING, RESEARCH, SERVICE, INCLUDING OSTEOPATHIC CLINICAL SERVICE AND STUDENT ACHIEVEMENT; NEEDS OF PEOPLE WITHIN THE APPALACHIAN REGION AND BEYOND; RURAL COMMUNITIES SUPPORTED BY SUPERIOR FACULTY AND TECHNOLOGY; CARE, DIVERSITY AND PUBLIC SERVICE AS AN ENDURING COMMITMENT TO RESPONSIBILITY AND HIGH ETHICAL STANDARDS.

Program 3
Expenses: $9,747,889 Revenue: $16,153,120

THE LINCOLN MEMORIAL UNIVERSITY-DUNCAN SCHOOL OF LAW BUILDS UPON A FOUNDATION THAT UPHOLDS THE PRINCIPLES OF ABRAHAM LINCOLNS LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND...

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THE LINCOLN MEMORIAL UNIVERSITY-DUNCAN SCHOOL OF LAW BUILDS UPON A FOUNDATION THAT UPHOLDS THE PRINCIPLES OF ABRAHAM LINCOLNS LIFE: A DEDICATION TO INDIVIDUAL LIBERTY, RESPONSIBILITY, AND IMPROVEMENT; A RESPECT FOR CITIZENSHIP; RECOGNITION OF THE INTRINSIC VALUE OF HIGH MORAL AND ETHICAL STANDARDS; AND A BELIEF IN A PERSONAL GOD. THROUGH TEACHING, RESEARCH AND SERVICE, THE LINCOLN MEMORIAL UNIVERSITY-DUNCAN SCHOOL OF LAW WILL PREPARE GRADUATES: 1. WHO ARE COMMITTED TO THE PREMISE THAT THE CORNERSTONE OF MEANINGFUL EXISTENCE IS SERVICE TO HUMANITY; 2. WHO UNDERSTAND THEIR PROFESSIONAL RESPONSIBILITIES AS REPRESENTATIVES OF CLIENTS, OFFICERS OF THE COURTS, AND PUBLIC CITIZENS RESPONSIBLE FOR THE QUALITY AND AVAILABILITY OF JUSTICE UNDER THE LAW; AND 3. WHO HAVE AN UNDERSTANDING OF THE FUNDAMENTAL PRINCIPLES OF PUBLIC AND PRIVATE LAW, AN UNDERSTANDING OF THE NATURE, BASIS AND ROLE OF THE LAW AND ITS INSTITUTIONS, AND THE SKILLS OF LEGAL ANALYSIS AND WRITING, ISSUE RECOGNITION, REASONING, PROBLEM SOLVING, ORGANIZATION, AND ORAL AND WRITTEN COMMUNICATION NECESSARY TO PARTICIPATE EFFECTIVELY IN THE LEGAL PROFESSION.

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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 $13,846,024
Program Service Revenue $269,218,659
Investment Income $1,937,205
Other Revenue $221,341
TOTAL REVENUE $285,223,229

Expense Breakdown

Grants Paid $30,603,753
Salaries & Benefits $102,792,467
Fundraising Expenses $2,180,544
Program Expenses $162,464,810
Other Expenses $80,760,985
TOTAL EXPENSES $214,157,205

Year-over-Year Comparison

2024 2023 Change
Revenue $285,223,229 $258,919,196 +0.1%
Expenses $214,157,205 $205,702,758 +0.0%
Net Income $71,066,024 $53,216,438 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
2534
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
16
$3,051,125
Total Directors
27
$0
Key Employees
20
$5,309,156
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON A MCCONNELL PRESIDENT OF 40.00
Officer
$412,148 $17,250 $429,398
CHRISTOPHER LOYKE DEAN/CHIEF A 40.00
Officer
$388,330 $17,250 $405,580
ROBERT STUBBLEFIELD EXECUTIVE VP 40.00
Officer
$344,544 $15,986 $360,530
JODY GOINS EXEC VP FOR 40.00
Officer
$328,558 $15,225 $343,783
LEAH SNODGRASS ASSOC PROF/P 40.00
Key Emp
$294,730 $14,259 $308,989
MARK BROWNE ASSOC DEAN 40.00
Key Emp
$306,457 $0 $306,457
ANNE MARIE ZELLER ASSOCIATE PR 40.00
Key Emp
$296,528 $5,948 $302,476
JAMES TOLDI ASSOC DEAN 40.00
Key Emp
$300,666 $0 $300,666
STACY ANDERSON EXECUTIVE DE 40.00
Officer
$286,336 $13,855 $300,191
MATTHEW RICHARD LYON VP/DEAN OF L 40.00
Officer
$285,143 $12,843 $297,986
ANYA COPE ASST PROF/IN 40.00
Key Emp
$278,138 $13,897 $292,035
QI WANG ASSOC DEAN 40.00
Key Emp
$278,246 $13,229 $291,475
JERRY WIETING SR ASSOC DEA 40.00
Key Emp
$276,386 $12,814 $289,200
DEBRA MOYERS VP OF FINANC 40.00
Officer
$268,106 $10,025 $278,131
TEANNA MOORE ASSISTANT PR 40.00
Key Emp
$265,887 $11,728 $277,615
GINA DEFRANCO ASSOC PROF/F 40.00
Key Emp
$261,869 $12,170 $274,039
CASSI JONES ASSOC DEAN 40.00
Key Emp
$260,133 $12,600 $272,733
ROY C YONTS ASSOC PROF/F 40.00
Key Emp
$259,765 $12,526 $272,291
JEFFREY MARTIN COO & ASSOC 40.00
Key Emp
$256,191 $11,747 $267,938
KIMBERLY CARNEY DEAN OF VET 40.00
Key Emp
$246,485 $11,875 $258,360
PAULA ARCHER ASST PROF 40.00
Key Emp
$240,193 $5,948 $246,141
TAMMY DEAN DEAN/PROFF O 40.00
Key Emp
$224,243 $10,789 $235,032
RANDALL EVANS ASSOC DEAN C 40.00
Key Emp
$219,070 $10,530 $229,600
MITCHELL MOSES ASSOC DEAN C 40.00
Key Emp
$216,918 $10,384 $227,302
CHARLES CLINCH PROFESSOR OF 40.00
Key Emp
$216,103 $10,100 $226,203
PAULA MIKSA ASSOC DEAN 40.00
Key Emp
$209,141 $9,655 $218,796
CRYSTAL HUNNICUTT DIR/NURSE AN 40.00
Key Emp
$202,108 $9,700 $211,808
SYDNEY BECKMAN PROFESSOR OF 40.00
Highest
$202,081 $9,672 $211,753
SHERRY JIMENEZ SR. ASSOC DE 40.00
Highest
$201,911 $9,665 $211,576
AMMAAR ABIDI DIRECTOR OF 40.00
Highest
$210,924 $0 $210,924
SUSAN BAKER ASSOC DEAN 40.00
Highest
$200,792 $7,613 $208,405
RYAN OVERTON DEAN SC. OF 40.00
Highest
$197,816 $8,861 $206,677
DAVID LAWS DIR. OF INFR 40.00
Officer
$169,705 $7,864 $177,569
AMY PECK CHIEF HR OFF 40.00
Officer
$156,074 $7,399 $163,473
MICHAEL DISNEY CHIEF TECHNO 40.00
Officer
$145,086 $6,849 $151,935
FRANK WOODWARD VP OF UNIV. 40.00
Officer
$136,294 $6,255 $142,549
ROGER BALL TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR BRILL TRUSTEE 1.00
Director
$0 $0 $0
GARY BURCHETT SECOND VICE 1.00
Officer Director
$0 $0 $0
JERRY BURNETTE TRUSTEE 1.00
Director
$0 $0 $0
AUTRY OV DEBUSK CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRIAN C DEBUSK FIRST VICE C 1.00
Officer Director
$0 $0 $0
NICOLE DEBUSK TRUSTEE 1.00
Director
$0 $0 $0
FREDERICK FIELDS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT FINLEY TRUSTEE 1.00
Director
$0 $0 $0
RICHARD GILLESPIE TRUSTEE 1.00
Director
$0 $0 $0
CHARLES HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
SAM MARS III SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES JORDAN THIRD VICE C 1.00
Officer Director
$0 $0 $0
TERRY LEE TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY MATTHEWS TRUSTEE 1.00
Director
$0 $0 $0
ALAN NEELY TRUSTEE 1.00
Director
$0 $0 $0
DOROTHY NEELY TRUSTEE 1.00
Director
$0 $0 $0
MARK PADGETT TRUSTEE 1.00
Director
$0 $0 $0
NOAH PATTON TRUSTEE 1.00
Director
$0 $0 $0
TODD PILLION TRUSTEE 1.00
Director
$0 $0 $0
KENNETH RANKIN TRUSTEE 1.00
Director
$0 $0 $0
CARROLL ROSE TRUSTEE 1.00
Director
$0 $0 $0
JAMES JAY SHOFFNER TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH SMIDDY TRUSTEE 1.00
Director
$0 $0 $0
E STEVEN WARD TRUSTEE 1.00
Director
$0 $0 $0
MICHELE WILSON TRUSTEE 1.00
Director
$0 $0 $0
JERRY ZILLION TRUSTEE 1.00
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 $285,223,229 $214,157,205 $538,423,667 $71,066,024
2024 $258,919,196 $205,702,758 $472,809,880 $53,216,438
2023 $225,089,467 $182,443,324 $411,673,181 $42,646,143
2022 $200,478,196 $164,166,411 $357,534,896 $36,311,785
2021 $189,897,370 $162,543,981 $324,123,057 $27,353,389
2020 $171,241,775 $155,070,672 $295,338,228 $16,171,103
2019 $157,542,114 $145,322,877 $291,433,061 $12,219,237
2018 $157,376,764 $139,628,550 $264,533,535 $17,748,214
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