LIPSCOMB UNIVERSITY (EIN 620485733) - 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

1891

Legal Domicile

Principal Officer

JEFFREY BAUGHN

Phone

6159661000

Tax Period

2024-06-01 to 2025-05-31

LIPSCOMB UNIVERSITY, founded in 1891, is a major nonprofit that reported $272.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $254.9M left a modest 6% surplus.

Mission

LIPSCOMB UNIVERSITY DELIVERS A COMPLETE EDUCATION CHARACTERIZED BY INTEGRATION OF CHRISTIAN FAITH.

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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 $29,248,517

Program Service Revenue $220,898,035

Investment Income $5,996,195

Other Revenue $15,916,472

TOTAL REVENUE $272,059,219

Expense Breakdown

Grants Paid $67,084,375

Salaries & Benefits $96,904,273

Fundraising Expenses $3,590,389

Program Expenses $213,470,449

Other Expenses $90,900,370

TOTAL EXPENSES $254,889,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,059,219	$242,542,412	+0.1%
Expenses	$254,889,018	$243,688,539	+0.0%
Net Income	$17,170,201	$-1,146,127	-16.0%

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

2579

Volunteers

200

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

$971,462

Total Directors

$722,140

Key Employees

$660,933

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDICE MCQUEEN	PRESIDENT	40.00	Officer Director	$684,752	$37,388	$722,140
RICHARD G COWART	CHAIR	1.00	Officer Director	$0	$0	$0
GERALD COGGIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BENNIE HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA PIERCEY	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL F ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
BUDDY BELL	TRUSTEE	1.00	Director	$0	$0	$0
ERNIE CLEVENGER	TRUSTEE	1.00	Director	$0	$0	$0
MORGAN W DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
MITCH EDGEWORTH	TRUSTEE	1.00	Director	$0	$0	$0
TONY GIARRATANA	TRUSTEE	1.00	Director	$0	$0	$0
BART HARPER	TRUSTEE	1.00	Director	$0	$0	$0
VAN HENLEY	TRUSTEE	1.00	Director	$0	$0	$0
SHANE HOOPER	TRUSTEE	1.00	Director	$0	$0	$0
RONNIE HUNTER	TRUSTEE	1.00	Director	$0	$0	$0
TOM INGRAM	TRUSTEE	1.00	Director	$0	$0	$0
TERRY KOONCE	TRUSTEE	1.00	Director	$0	$0	$0
MARK LANIER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
BILLY LONG	TRUSTEE	1.00	Director	$0	$0	$0
JEFF MCGRUDER	TRUSTEE	1.00	Director	$0	$0	$0
SUE NOKES	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP M PFEFFER	TRUSTEE	1.00	Director	$0	$0	$0
VICKI SENSING SMITH	TRUSTEE	1.00	Director	$0	$0	$0
NEIKA B STEPHENS	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY BAUGHN	SR V.P. OF FIN & TECH	40.00	Officer	$220,737	$28,585	$249,322
BRAD SCHULTZ	HEAD OF SCHOOL	40.00	Key Emp	$315,605	$39,177	$354,782
JENNIFER SHEWMAKER	PROVOST	40.00	Key Emp	$258,648	$47,503	$306,151
CHARLES ACUFF	COACH	40.00	Highest	$365,213	$37,722	$402,935
PHIL HUTCHESON	DIRECTOR OF ATHLETICS	40.00	Highest	$273,729	$41,285	$315,014
KEITH HINKLE	SENIOR VICE PRESIDENT	40.00	Highest	$285,773	$40,120	$325,893
THOMAS CAMPBELL	DEAN, COLLEGE OF PHARMACY	40.00	Highest	$264,165	$30,157	$294,322
CHARLES R ELDRIDGE	DEAN EMERITUS	40.00	Highest	$232,304	$11,513	$243,817

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	$272,059,219	$254,889,018	$474,908,065	$17,170,201
2024	$242,542,412	$243,688,539	$460,159,047	$-1,146,127
2023	$228,207,955	$235,575,959	$455,099,629	$-7,368,004
2022	$227,470,382	$227,963,545	$484,056,410	$-493,163
2021	$216,257,194	$206,269,469	$502,799,879	$9,987,725
2020	$193,551,646	$204,929,258	$475,201,837	$-11,377,612
2019	$199,530,719	$202,242,877	$486,740,013	$-2,712,158
2018	$205,283,951	$184,511,907	$352,295,152	$20,772,044

LIPSCOMB UNIVERSITY