Union University (EIN 620516509) - 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

1925

Legal Domicile

Phone

7316681818

Tax Period

2023-08-01 to 2024-07-31

Union University, founded in 1925, is a major nonprofit in the Education sector that reported $104.8M in total revenue in fiscal year 2023. Expenses of $94.8M left a modest 10% surplus.

Mission

Union University provides Christ-centered education that promotes excellence and character development in service to church and society.

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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 $14,314,848

Program Service Revenue $87,341,844

Investment Income $1,904,963

Other Revenue $1,229,007

TOTAL REVENUE $104,790,662

Expense Breakdown

Grants Paid $28,751,734

Salaries & Benefits $41,506,951

Fundraising Expenses $862,649

Program Expenses $87,778,057

Other Expenses $24,405,734

TOTAL EXPENSES $94,752,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,790,662	$102,176,523	+0.0%
Expenses	$94,752,486	$95,382,990	0.0%
Net Income	$10,038,176	$6,793,533	+0.5%

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

1211

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

$581,747

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Perkins	Vice Chairman (Part Year)/Chairman	1.0	Officer Director	$0	$0	$0
Josh Dougan	Secretary(Part Year)/Vice Chairman	1.0	Officer Director	$0	$0	$0
Kay Griffin	Trustee (Part Year)/Secretary	1.0	Officer Director	$0	$0	$0
Robyn Hari	Chairman (Part Year)	1.0	Officer Director	$0	$0	$0
Adam Dooley	Trustee	1.0	Director	$0	$0	$0
Bill Dement	Trustee	1.0	Director	$0	$0	$0
Brandon James	Trustee	1.0	Director	$0	$0	$0
Brian Taylor	Trustee	1.0	Director	$0	$0	$0
Cherie Williams	Trustee	1.0	Director	$0	$0	$0
Chuck Baker	Trustee	1.0	Director	$0	$0	$0
David Guthrie	Trustee (Part Year)	1.0	Director	$0	$0	$0
Gary Taylor	Trustee	1.0	Director	$0	$0	$0
Gil Fletcher	Trustee	1.0	Director	$0	$0	$0
Harry Smith	Trustee	1.0	Director	$0	$0	$0
Jake Bynum	Trustee	1.0	Director	$0	$0	$0
James Farmer	Trustee (Part Year)	1.0	Director	$0	$0	$0
Jay Hardwick	Trustee	1.0	Director	$0	$0	$0
Kylan Mann	Trustee	1.0	Director	$0	$0	$0
Linda Shoaf	Trustee	1.0	Director	$0	$0	$0
Lisa Rogers	Trustee	1.0	Director	$0	$0	$0
Noe Garcia	Trustee (Part Year)	1.0	Director	$0	$0	$0
Norm Hill	Trustee	1.0	Director	$0	$0	$0
Omar L Hamada	Trustee	1.0	Director	$0	$0	$0
Peggy Graves	Trustee (Part Year)	1.0	Director	$0	$0	$0
Ramona Yates	Trustee	1.0	Director	$0	$0	$0
Rob Rash	Trustee	1.0	Director	$0	$0	$0
Rod James	Trustee	1.0	Director	$0	$0	$0
Steve Gaines	Trustee (Part Year)	1.0	Director	$0	$0	$0
Trent Bullock	Trustee	1.0	Director	$0	$0	$0
Warren Nunn	Trustee	1.0	Director	$0	$0	$0
Willie McLaurin	Trustee (Part Year)	1.0	Director	$0	$0	$0
Rick Taphorn	CFO/VP Bus Affairs	40.0	Officer	$121,693	$43,333	$165,026
Samuel Dub Oliver	President & CEO	40.0	Officer	$295,191	$121,530	$416,721
Andrew Martin	Prof - Sch of Pharmacy	40.0	Highest	$131,896	$119,859	$251,755
David Kuhl	Prof - Sch of Pharmacy	40.0	Highest	$158,600	$87,691	$246,291
John Carbonell	AVP - HR	40.0	Highest	$108,588	$104,715	$213,303
Mark Campbell	Women's Basketball Coach & Ath. Director	40.0	Highest	$154,462	$61,407	$215,869
Sheila Mitchell	Dean - Pharmacy	40.0	Highest	$204,098	$18,375	$222,473

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
2024	$104,790,662	$94,752,486	$219,146,327	$10,038,176
2023	$102,176,523	$95,382,990	$202,249,840	$6,793,533
2022	$103,290,604	$98,095,312	$193,669,100	$5,195,292
2021	$102,279,913	$92,443,205	$196,250,850	$9,836,708
2020	$89,960,505	$90,838,837	$182,799,113	$-878,332
2019	$107,085,757	$91,196,389	$182,594,388	$15,889,368
2018	$92,307,673	$89,408,240	$175,177,912	$2,899,433

Union University