THE UNIVERSITY OF TENNESSEE FOUNDATION INC (EIN 621844686) - 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

2001

Legal Domicile

Principal Officer

KERRY W WITCHER

Phone

8659748926

Tax Period

2022-07-01 to 2023-06-30

THE UNIVERSITY OF TENNESSEE FOUNDATION INC, founded in 2001, is a major nonprofit in the Education sector that reported $211.8M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $51.9M, a strong 25% operating margin.

Mission

THE FOUNDATION ENRICHES THE LIVES OF THE STUDENTS, FACULTY, STAFF, ALUMNI AND FRIENDS OF THE UNIVERSITY OF TENNESSEE THROUGH ALUMNI ENGAGEMENT, FINANCIAL STEWARDSHIP AND PRIVATE GIFT SUPPORT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $149,486,966

Program Service Revenue $0

Investment Income $29,563,424

Other Revenue $32,738,727

TOTAL REVENUE $211,789,117

Expense Breakdown

Grants Paid $76,670,452

Salaries & Benefits $39,224,352

Fundraising Expenses $51,579

Program Expenses $112,268,331

Other Expenses $43,920,399

TOTAL EXPENSES $159,866,782

Year-over-Year Comparison

	2022	2021	Change
Revenue	$211,789,117	$225,358,367	-0.1%
Expenses	$159,866,782	$143,285,529	+0.1%
Net Income	$51,922,335	$82,072,838	-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

256

Volunteers

2700

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

$706,998

Total Directors

$355,397

Key Employees

$4,954,847

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD E FRIESON	CHAIR	0.50	Officer Director	$0	$0	$0
ALAN WILSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
PHILIP A WENK	PAST CHAIR	0.50	Officer Director	$0	$0	$0
HANS N AIREE	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN ANGLE	DIRECTOR	0.50	Director	$0	$0	$0
K JEANNIE BEAUCHAMP	DIRECTOR	0.50	Director	$0	$0	$0
ISAAC BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER B BOLLINGER	DIRECTOR	0.50	Director	$0	$0	$0
KAREN BOWLING	DIRECTOR	0.50	Director	$0	$0	$0
RANDAL D BOYD	DIRECTOR	0.50	Director	$0	$0	$0
PETER BUCKLEY	DIRECTOR	0.50	Director	$0	$0	$0
PHILLIP A CLENDENIN	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY W CROSS	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT F DECOSIMO	DIRECTOR	0.50	Director	$0	$0	$0
C DOUGLAS HANEY	DIRECTOR	0.50	Director	$0	$0	$0
JUDITH HERBERT	DIRECTOR	0.50	Director	$0	$0	$0
RENEE IACONA	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE INGRAM	DIRECTOR	0.50	Director	$0	$0	$0
KATHY W LEDBETTER	DIRECTOR	0.50	Director	$0	$0	$0
EMILY C LOVE	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES A WAGNER III	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD WARREN	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE WOODSON	DIRECTOR	0.50	Director	$0	$0	$0
KERRY W WITCHER	PRESIDENT &	40.00	Officer Director	$288,185	$67,212	$355,397
ADAM HELLER	TREASURER &	40.00	Officer	$188,348	$51,510	$239,858
RACHAEL R LEBLANC	SECRETARY	40.00	Officer	$69,731	$42,012	$111,743
WILLIAM R BRYANT JR	DEVELOPMENT	40.00	Key Emp	$469,175	$108,840	$578,015
WOODROW M HENDERSON	DEVELOPMENT	40.00	Key Emp	$321,478	$62,923	$384,401
DUANE WILES	DEVELOPMENT	40.00	Key Emp	$261,305	$56,522	$317,827
BETHANY K GOOLSBY	DEVELOPMENT	40.00	Key Emp	$250,171	$61,837	$312,008
CHARLES DEAL	DEVELOPMENT	40.00	Key Emp	$196,688	$53,073	$249,761
BRADY HART	DEVELOPMENT	40.00	Key Emp	$194,389	$39,453	$233,842
STEPHEN H CATLETT	DEVELOPMENT	40.00	Key Emp	$217,275	$35,075	$252,350
BRIAN BROYLES	DEVELOPMENT	40.00	Key Emp	$189,822	$51,739	$241,561
MICHAEL O CARTER	DEVELOPMENT	40.00	Key Emp	$196,045	$55,254	$251,299
JAMES F OBEAR	DEVELOPMENT	40.00	Key Emp	$202,245	$53,202	$255,447
ANDREW THOMAS SHEEHY	DEVELOPMENT	40.00	Key Emp	$197,085	$76,756	$273,841
STATLER S REAGAN	DEVELOPMENT	40.00	Key Emp	$196,569	$53,036	$249,605
BRIAN D SHUPE	DEVELOPMENT	40.00	Key Emp	$191,366	$73,366	$264,732
BENJAMIN WEST	DEVELOPMENT	40.00	Key Emp	$173,418	$41,373	$214,791
ELIZABETH WEATHERLY	DEVELOPMENT	40.00	Key Emp	$155,273	$20,754	$176,027
A ERICK WEBER	DEVELOPMENT	40.00	Key Emp	$164,408	$47,828	$212,236
GREGORY R HARRIS	DEVELOPMENT	40.00	Key Emp	$154,267	$47,478	$201,745
KURT GULBRAND	DEVELOPMENT	40.00	Key Emp	$231,877	$53,482	$285,359
TIMOTHY P LANIER	DEVELOPMENT	40.00	Highest	$146,536	$49,467	$196,003
CHANDRA TUGGLE	DEVELOPMENT	40.00	Highest	$145,131	$51,899	$197,030
MATTHEW KOMMER	DEVELOPMENT	40.00	Highest	$141,655	$42,964	$184,619
MICHAEL MCCAY	DEVELOPMENT	40.00	Highest	$140,925	$64,113	$205,038
PAUL CLARK	DEVELOPMENT	40.00	Highest	$141,094	$30,830	$171,924

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	No data	No data	No data	No data
2023	$211,789,117	$159,866,782	$879,180,812	$51,922,335
2022	$225,358,367	$143,285,529	$780,706,685	$82,072,838
2021	$198,804,674	$80,401,714	$742,610,209	$118,402,960
2020	$149,384,875	$109,857,010	$543,211,268	$39,527,865
2019	$173,524,723	$101,299,119	$525,499,436	$72,225,604
2018	$161,994,409	$105,003,570	$455,195,739	$56,990,839

THE UNIVERSITY OF TENNESSEE FOUNDATION INC