MIDDLE TENNESSEE STATE UNIVERSITY FOUNDATION (EIN 620695507) - 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

1961

Legal Domicile

Principal Officer

Ronald Roberts

Phone

6154947675

Tax Period

2023-07-01 to 2024-06-30

MIDDLE TENNESSEE STATE UNIVERSITY FOUNDATION, founded in 1961, is a mid-sized nonprofit in the Education sector that reported $28.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.3M, a strong 26% operating margin.

Mission

Fundraising for educational and related support of Middle Tennessee State University

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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 $20,332,802

Program Service Revenue $0

Investment Income $1,565,640

Other Revenue $6,483,478

TOTAL REVENUE $28,381,920

Expense Breakdown

Grants Paid $3,183,784

Salaries & Benefits $0

Fundraising Expenses $457,798

Program Expenses $14,477,624

Other Expenses $17,894,242

TOTAL EXPENSES $21,078,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,381,920	$39,164,169	-0.3%
Expenses	$21,078,026	$15,326,451	+0.4%
Net Income	$7,303,894	$23,837,718	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronda Vaughter	Assistant VP - Advancement	37.50	Highest	$0	$0	$113,831
Brad Allen	Trustee	0.00	Director	$0	$0	$0
Beth Brown	Trustee	0.00	Director	$0	$0	$0
Mike Gaines	Trustee	0.00	Director	$0	$0	$0
Wayne Groce	Trustee	0.00	Director	$0	$0	$0
Ramsey Hassan	Trustee	0.00	Director	$0	$0	$0
Raiko Henderson	Trustee	0.00	Director	$0	$0	$0
Sonya Adams Leeman	Trustee	0.00	Director	$0	$0	$0
Chris Lynch	Trustee	0.00	Director	$0	$0	$0
Shane McFarland	Trustee	0.00	Director	$0	$0	$0
Judy Powell	Trustee	0.00	Director	$0	$0	$0
Michael J Smith	Trustee	0.00	Director	$0	$0	$0
Mike Ussery	Trustee	0.00	Director	$0	$0	$0
John Ward	Trustee	0.00	Director	$0	$0	$0
Hanna Witherspoon	Trustee	0.00	Director	$0	$0	$0
Luther Wright	Trustee	0.00	Director	$0	$0	$0
Ronald Roberts	President	0.00	Officer Director	$0	$0	$0
Brian Kidd	Vice President	0.00	Officer Director	$0	$0	$0
Richard Lewis	Secretaray	0.00	Officer Director	$0	$0	$0
Jill Austin	Treasurer	0.00	Officer Director	$0	$0	$0
William Bales	Vice President - Advancement	55.00	Highest	$0	$0	$247,000
Mark Clark	Executive Director - Development	37.50	Highest	$0	$0	$141,943
Rebecca Yates Young Harris	Trustee	0.00	Director	$0	$0	$0
Bill Marbet	Trustee	0.00	Director	$0	$0	$0
Beth O'Brien	Trustee	0.00	Director	$0	$0	$0
Joe Steakley	Trustee	0.00	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	No data	No data	No data	No data
2024	$28,381,920	$21,078,026	$151,045,649	$7,303,894
2023	$39,164,169	$15,326,451	$142,050,773	$23,837,718
2022	$16,471,509	$11,090,487	$117,999,587	$5,381,022
2021	$33,480,669	$12,643,121	$114,710,597	$20,837,548

MIDDLE TENNESSEE STATE UNIVERSITY FOUNDATION