UNIVERSITY OF MEMPHIS FOUNDATION

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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

1964

Legal Domicile

Principal Officer

TARA JONES

Phone

9016783256

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF MEMPHIS FOUNDATION, founded in 1964, is a mid-sized nonprofit in the Education sector that reported $66.4M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.2M, a strong 55% operating margin.

Mission

THE FOUNDATION ACCEPTS, MANAGES, AND DISBURSES PRIVATE SUPPORT TO THE UNIVERSITY OF MEMPHIS.

Program Service Accomplishments

Program 1

Expenses: $28,549,850 Revenue: $4,550,859

THE FOUNDATION PROVIDES FUNDS FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC ENRICHMENT, AND VARIOUS OTHER PROGRAMS AND PROJECTS IN SUPPORT OF THE STUDENTS, FACULTY, STAFF AND MISSION OF THE UNIVERSITY OF...

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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 $53,410,987

Program Service Revenue $4,550,859

Investment Income $8,440,361

Other Revenue $0

TOTAL REVENUE $66,402,207

Expense Breakdown

Grants Paid $28,528,195

Salaries & Benefits $806,672

Fundraising Expenses $0

Program Expenses $28,549,850

Other Expenses $823,190

TOTAL EXPENSES $30,158,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,402,207	$40,949,256	+0.6%
Expenses	$30,158,057	$22,804,922	+0.3%
Net Income	$36,244,150	$18,144,334	+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

Governance

Voting Members

Independent Members

Employees

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

$363,495

Total Directors

$1,113,549

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BILL HARDGRAVE	DIRECTOR	1.00	Director	$0	$24,546	$736,452
RENE BUSTAMANTE	DIRECTOR	1.00	Director	$0	$53,878	$377,097
DAVID TATE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WILFONG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GLYNNA CHRISTIAN	VICE PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
TANYA HART	TREASURER	1.00	Officer Director	$0	$0	$0
REGINALD PORTER	SECRETARY	1.00	Officer Director	$0	$0	$0
FRED TOWLER	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
SUDHIR AGRAWAL	DIRECTOR	1.00	Director	$0	$0	$0
MARK CHRISTOPHER	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY GOUGHNOUR	DIRECTOR	1.00	Director	$0	$0	$0
LAURALAN GRISONI	DIRECTOR	1.00	Director	$0	$0	$0
DAPHNE LARGE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MICKEY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS SCARBORO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCULLY	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WHARTON	DIRECTOR	1.00	Director	$0	$0	$0
HARRY SMITH	DIRECTOR (THRU 12/31/24)	1.00	Director	$0	$0	$0
HOLLY FORD	FOUNDATION CEO	30.00	Officer	$174,099	$30,279	$204,378
MARK NICELL	FOUNDATION CBO	30.00	Officer	$145,153	$13,964	$159,117

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	$66,402,207	$30,158,057	$347,186,036	$36,244,150
2024	$40,949,256	$22,804,922	$264,333,656	$18,144,334
2023	$47,641,079	$32,781,998	$222,735,067	$14,859,081
2022	$55,956,820	$28,038,572	$184,697,152	$27,918,248
2021	$38,710,840	$32,519,523	$175,396,802	$6,191,317
2020	$23,075,721	$26,255,373	$142,154,480	$-3,179,652
2019	$36,020,997	$35,294,847	$152,560,360	$726,150
2018	$48,795,666	$31,601,622	$149,161,436	$17,194,044