LEE UNIVERSITY (EIN 620502739) - 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

1918

Legal Domicile

Principal Officer

CHRIS CONINE

Phone

4236148000

Tax Period

2023-07-01 to 2024-06-30

LEE UNIVERSITY, founded in 1918, is a mid-sized nonprofit that reported $91.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

LEE UNIVERSITY IS A CHRISTIAN INSTITUTION WHICH OFFERS LIBERAL ARTS AND PROFESSIONAL EDUCATION ON BOTH THE UNDERGRADUATE AND GRADUATE LEVELS THROUGH RESIDENTIAL AND DISTANCE PROGRAMS. WE SEEK TO PROVIDE EDUCATION THAT INTEGRATES BIBLICAL TRUTH AS REVEALED IN THE HOLY SCRIPTURES WITH TRUTH DISCOVERED THROUGH THE STUDY OF ARTS AND SCIENCES AND IN THE PRACTICE OF VARIOUS PROFESSIONS. A PERSONAL COMMITMENT TO JESUS CHRIST AS SAVIOR IS THE CONTROLLING PERSPECTIVE FROM WHICH OUR EDUCATIONAL ENTERPRISE IS CARRIED OUT. THE FOUNDATIONAL PURPOSE OF ALL EDUCATIONAL PROGRAMS AT LEE IS TO DEVELOP WITHIN THE STUDENTS KNOWLEDGE, APPRECIATION, UNDERSTANDING, ABILITY, AND SKILLS WHICH WILL PREPARE THEM FOR RESPONSIBLE CHRISTIAN LIVING IN A COMPLEX WORLD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,252,245

Program Service Revenue $85,249,950

Investment Income $283,019

Other Revenue $-224,574

TOTAL REVENUE $91,560,640

Expense Breakdown

Grants Paid $25,112,594

Salaries & Benefits $35,196,351

Fundraising Expenses $0

Program Expenses $75,177,979

Other Expenses $31,043,041

TOTAL EXPENSES $91,351,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,560,640	$97,254,831	-0.1%
Expenses	$91,351,986	$93,462,606	0.0%
Net Income	$208,654	$3,792,225	-0.9%

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

1970

Volunteers

N/A

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

$806,397

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WADE LOMBARD	CHAIR	2.00	Director	$0	$0	$0
CLAYTON WATSON	VICE-CHAIR	2.00	Director	$0	$0	$0
MARTY BAKER	DIRECTOR	2.00	Director	$0	$0	$0
EMMITT BEALL	DIRECTOR	2.00	Director	$0	$0	$0
ELIEZER BONILLA	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
ISHMAEL CHARLES	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DAUGHERTY	DIRECTOR	2.00	Director	$0	$0	$0
HECTOR DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY FREER	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY K JONES II	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS LIVINGSTON	DIRECTOR	2.00	Director	$0	$0	$0
JERRY MADDEN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MCGLAMERY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MCINTYRE	DIRECTOR	2.00	Director	$0	$0	$0
BYRON MEDLIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID RAMIREZ	DIRECTOR	2.00	Director	$0	$0	$0
JEFF ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
MATT SHARP	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
LEE STORMS	DIRECTOR	2.00	Director	$0	$0	$0
KELVIN TARUKWASHA	DIRECTOR	2.00	Director	$0	$0	$0
MARK WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES PAUL CONN	CHANCELLOR	40.00	Officer	$205,431	$18,054	$223,485
MARK WALKER	PRESIDENT	40.00	Officer	$201,045	$65,906	$266,951
CHRIS CONINE	VICE PRESIDENT FOR BUSINESS & FINANCE	40.00	Officer	$152,241	$19,151	$171,392
DEBORAH MURRAY	PROVOST	40.00	Officer	$132,819	$11,750	$144,569
SARA CAMPBELL	DEAN, SCHOOL OF NURSING	40.00	Highest	$135,400	$226	$135,626
WILLIAM ESTES	DEAN, COLLEGE OF EDUCATION	40.00	Highest	$122,980	$9,016	$131,996
JAYSON VANHOOK	VICE PRESIDENT FOR ENROLLMENT AND MARKETING	40.00	Highest	$116,424	$14,571	$130,995
PAUL DELALUZ	CHAIR, DEPARTMENT OF NATURAL SCIENCES	40.00	Highest	$115,382	$13,349	$128,731
BRADLEY MOFFETT	VICE PRESIDENT FOR UNIVERSITY RELATIONS	40.00	Highest	$112,735	$11,812	$124,547

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	No data	No data	No data	No data
2024	$91,560,640	$91,351,986	$198,829,507	$208,654
2023	$97,254,831	$93,462,606	$196,959,701	$3,792,225
2022	$108,753,431	$105,914,787	$200,405,989	$2,838,644
2021	$107,961,707	$101,306,371	$217,646,784	$6,655,336
2020	$106,104,009	$102,875,743	$201,404,012	$3,228,266
2019	$106,365,324	$104,498,313	$183,656,123	$1,867,011
2018	$101,847,920	$99,498,739	$180,199,832	$2,349,181

LEE UNIVERSITY