RICHMONT GRADUATE UNIVERSITY

EIN: 620789275 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$8,785,306
Total Expenses
$9,501,736
Total Assets
$7,771,562
Net Assets
$6,965,580
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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
1933
Legal Domicile
TN
Principal Officer
TIM MCPHERSON
Phone
4232664574
Tax Period
2023-07-01 to 2024-06-30

RICHMONT GRADUATE UNIVERSITY, founded in 1933, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2023.

Mission

GRADUATE EDUCATION AND PROFESSIONAL COUNSELING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $609,093
Program Service Revenue $7,307,008
Investment Income $69,659
Other Revenue $799,546
TOTAL REVENUE $8,785,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,757,908
Fundraising Expenses $89,506
Program Expenses $8,044,519
Other Expenses $2,743,828
TOTAL EXPENSES $9,501,736

Year-over-Year Comparison

2023 2022 Change
Revenue $8,785,306 $8,667,404 +0.0%
Expenses $9,501,736 $9,029,109 +0.1%
Net Income $-716,430 $-361,705 +1.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
207
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
6
$344,570
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM DECOSIMO BOARD TREASURER 5.00
Officer Director
$0 $0 $0
ANN KELLER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
KAREN LORITTS ACADEMIC CHAIR 5.00
Officer Director
$0 $0 $0
ANGIE SMITH BOARD MEMBER 5.00
Director
$0 $0 $0
JANE MCNABB DEVELOPMENT CHAIR 5.00
Officer Director
$0 $0 $0
DAVID AYCOCK BOARD MEMBER 5.00
Director
$0 $0 $0
FLYNN BROADY BOARD MEMBER 5.00
Director
$0 $0 $0
VIVIAN TA-JOHNSON VICE CHAIR 5.00
Officer Director
$0 $0 $0
JAPHETH B GLASS BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID JOLLAY BOARD MEMBER 5.00
Director
$0 $0 $0
GARNETT DECOSIMO BOARD MEMBER 5.00
Director
$0 $0 $0
TIMOTHY QUINNAN PRESIDENT 40.00
Officer
$324,768 $19,802 $344,570
MARY PLISCO COUNSELOR 40.00
Highest
$153,759 $3,656 $157,415
AMANDA BLACKBURN COUNSELOR 40.00
Highest
$130,560 $10,371 $140,931
LORRIE SLATER COUNSELOR 40.00
Highest
$116,067 $2,549 $118,616
CHARLES MILLS COUNSELOR 40.00
Highest
$166,117 $11,200 $177,317
STAN HOOVER COUNSELOR 40.00
Highest
$113,412 $2,620 $116,032
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 $8,785,306 $9,501,736 $7,771,562 $-716,430
2022 $8,463,644 $8,351,213 $8,255,033 $112,431
2021 $7,234,181 $7,797,931 $8,373,056 $-563,750
2020 $7,658,174 $6,942,796 $8,247,184 $715,378
2019 $6,203,544 $6,452,830 $7,601,829 $-249,286
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