LINCOLN MEMORIAL UNIVERSITY (EIN 620479542) - 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

1897

Legal Domicile

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.

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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 $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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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

2534

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

$3,051,125

Total Directors

Key Employees

$5,309,156

Highest Compensated

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

LINCOLN MEMORIAL UNIVERSITY