CUMBERLAND UNIVERSITY (EIN 620599339) - 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

1842

Legal Domicile

Principal Officer

PAUL STUMB

Phone

6155471249

Tax Period

2024-06-01 to 2025-05-31

CUMBERLAND UNIVERSITY, founded in 1842, is a mid-sized nonprofit that reported $82.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $78.4M left a modest 5% surplus.

Mission

PROVIDING PRIVATE, CO-EDUCATIONAL POST SECONDARY EDUCATION FOR ALL.

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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 $4,565,746

Program Service Revenue $75,276,454

Investment Income $1,088,943

Other Revenue $1,239,610

TOTAL REVENUE $82,170,753

Expense Breakdown

Grants Paid $40,646,362

Salaries & Benefits $17,619,407

Fundraising Expenses $704,432

Program Expenses $66,987,341

Other Expenses $20,107,293

TOTAL EXPENSES $78,373,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,170,753	$75,747,266	+0.1%
Expenses	$78,373,062	$72,967,440	+0.1%
Net Income	$3,797,691	$2,779,826	+0.4%

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

591

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

$1,182,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL STUMB	PRESIDENT	40.00	Officer	$291,633	$12,381	$304,014
RON PAVAN	VP ATHLETICS AND FACILITIES	40.00	Officer	$177,998	$20,095	$198,093
C WILLIAM MCKEE	PROVOST VP ACADEMIC AFFAIRS	40.00	Officer	$175,395	$17,088	$192,483
MARK HANSHAW	GENERAL COUNSEL ASSOCIATE	40.00	Officer	$159,610	$22,283	$181,893
COURTNEY WHEELER	VP ADVANCEMENT	40.00	Officer	$147,607	$17,819	$165,426
REGGIE BLAIR	VP ENROLLMENT	40.00	Officer	$126,381	$13,748	$140,129
STEPHEN SHAO	PROFESSOR OF BUSINESS	40.00	Highest	$117,178	$6,999	$124,177
STEVEN FULLER	PROFESSOR OF MATHEMATICS	40.00	Highest	$116,740	$39,994	$156,734
MARY HALEY	PROFESSOR OF ACCOUNTING	40.00	Highest	$114,721	$20,270	$134,991
PAUL PERCY	PROFESSOR OF MASTER OF BUS ADMIN	40.00	Highest	$114,686	$30,320	$145,006
JENNY MASON	DEAN	40.00	Highest	$109,178	$20,795	$129,973
SAM HATCHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL MOSCARDELLI	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANK RUDY	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
HAL BONE	TRUSTEE	1.00	Director	$0	$0	$0
WP BONE III	TRUSTEE	1.00	Director	$0	$0	$0
ANDRE' CHURCHWELL	TRUSTEE	1.00	Director	$0	$0	$0
LAURA DAILY	TRUSTEE	1.00	Director	$0	$0	$0
TERESA CHASTEEN DUNN	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA FAIN	TRUSTEE	1.00	Director	$0	$0	$0
CATHY GRACEY	TRUSTEE	1.00	Director	$0	$0	$0
J RODERICK HELLER III	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA HUNT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM KOCH	TRUSTEE	1.00	Director	$0	$0	$0
J D LOWERY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MCDEARMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT L MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
CECELIA MOORE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS PATE	TRUSTEE	1.00	Director	$0	$0	$0
WRIGHT PINSON	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN PITT	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT PORTER	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD POWELL	TRUSTEE	1.00	Director	$0	$0	$0
LEWIS RANKIN	TRUSTEE	1.00	Director	$0	$0	$0
MARK RIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SPALDING	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER STAFFORD	TRUSTEE	1.00	Director	$0	$0	$0
MARC SUAREZ	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM VALLETT	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT N VERO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID A VISE	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	$82,170,753	$78,373,062	$83,447,053	$3,797,691
2024	$75,747,266	$72,967,440	$77,296,090	$2,779,826
2023	$81,080,501	$69,638,989	$72,580,969	$11,441,512
2022	$69,170,999	$64,510,494	$59,645,506	$4,660,505
2021	$52,511,771	$50,160,868	$59,024,127	$2,350,903
2020	$47,553,955	$46,448,999	$51,083,670	$1,104,956
2019	$45,431,099	$42,331,248	$44,658,917	$3,099,851
2018	$42,599,450	$39,913,449	$40,000,199	$2,686,001

CUMBERLAND UNIVERSITY