Samford University

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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

1841

Legal Domicile

Phone

2057264084

Tax Period

2024-07-01 to 2025-06-30

Samford University, founded in 1841, is a major nonprofit in the Education sector that reported $370.6M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $328.2M left a modest 11% surplus.

Mission

THE MISSION OF SAMFORD UNIVERSITY IS TO NURTURE PERSONS IN THEIR DEVELOPMENT OF INTELLECT, CREATIVITY, FAITH, AND PERSONHOOD. AS A CHRISTIAN UNIVERSITY, THE COMMUNITY FOSTERS ACADEMIC, CAREER, AND ETHICAL COMPETENCY WHILE ENCOURAGING SOCIAL AND CIVIC RESPONSIBILITY, AND SERVICE TO OTHERS.

Program Service Accomplishments

Program 1

Expenses: $107,214,202 Revenue: $231,406,793

SAMFORD UNIVERSITY, WITH ITS 14:1 STUDENT TO FACULTY RATIO IN THE 2024-2025 ACADEMIC YEAR, OFFERED 41 DEGREE PROGRAMS IN 126 MAJORS TO STUDENTS IN TEN ACADEMIC SCHOOLS. STUDENTS WERE ENROLLED FROM 44 STATES (PLUS PUERTO RICO) AND 16 FOREIGN COUNTRIES. THE TUITION AND FEES DERIVED FROM THESE STUDENTS PAID THE SALARIES, WAGES AND BENEFITS OF THE UNIVERSITY'S FACULTY AND STAFF.

Program 2

Expenses: $103,406,735

SAMFORD UNIVERSITY AWARDED OVER $103 MILLION IN AID TO OVER 5,900 STUDENTS DURING THE 2024-2025 AID YEAR.

Program 3

Expenses: $65,514,095 Revenue: $25,216,568

Additional program services include food services and vending, educational workshops/programs and other types of program services.

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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 $62,588,453

Program Service Revenue $277,174,144

Investment Income $31,403,989

Other Revenue $-602,969

TOTAL REVENUE $370,563,617

Expense Breakdown

Grants Paid $103,441,935

Salaries & Benefits $122,687,341

Fundraising Expenses $4,221,659

Program Expenses $290,236,154

Other Expenses $102,085,663

TOTAL EXPENSES $328,214,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,563,617	$299,656,579	+0.2%
Expenses	$328,214,939	$296,580,224	+0.1%
Net Income	$42,348,678	$3,076,355	+12.8%

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

2876

Volunteers

500

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

$2,559,438

Total Directors

Key Employees

$270,090

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew B Cundiff	Vice Chair/Trustee	1.0	Officer Director	$0	$0	$0
Brent M Fielder	Assistant Secretary/Trustee	1.0	Officer Director	$0	$0	$0
Hon Karon O Bowdre	Chairman/Trustee	1.0	Officer Director	$0	$0	$0
Sherri Foyt	Secretary/Trustee	1.0	Officer Director	$0	$0	$0
Alan Long MD	Trustee	1.0	Director	$0	$0	$0
Amy Allen	Trustee	1.0	Director	$0	$0	$0
Andy D Birchfield	Trustee	1.0	Director	$0	$0	$0
Beth Thorne Stukes	Trustee	1.0	Director	$0	$0	$0
Brian George	Trustee	1.0	Director	$0	$0	$0
Bryan L Kelly	Trustee	1.0	Director	$0	$0	$0
Cecelia A Walker	Trustee	1.0	Director	$0	$0	$0
Charles W Lancaster	Trustee	1.0	Director	$0	$0	$0
Dr Charles T Carter	Trustee	1.0	Director	$0	$0	$0
Julie K Jenkins	Trustee	1.0	Director	$0	$0	$0
Julie M Collier	Trustee	1.0	Director	$0	$0	$0
Keith Kirkland	Trustee	1.0	Director	$0	$0	$0
Linda H Bachus	Trustee (term ended September 2024)	1.0	Director	$0	$0	$0
Marlene M Reed	Trustee	1.0	Director	$0	$0	$0
Mechelle S Wilder	Trustee	1.0	Director	$0	$0	$0
Michael P Dunn	Trustee	1.0	Director	$0	$0	$0
Peter J Clemens IV	Trustee	1.0	Director	$0	$0	$0
Rachel C Wachter	Trustee	1.0	Director	$0	$0	$0
Rev Danny Wood	Trustee	1.0	Director	$0	$0	$0
Rev Jay L Wolf	Trustee	1.0	Director	$0	$0	$0
Rev John E King Jr	Trustee (term ended September 2024)	1.0	Director	$0	$0	$0
Rev John L Cantelow III	Trustee	1.0	Director	$0	$0	$0
Rev Randy Gunter	Trustee	1.0	Director	$0	$0	$0
Rhega Gordon	Trustee	1.0	Director	$0	$0	$0
Robert Holmes Jr	Trustee	1.0	Director	$0	$0	$0
Ronald L Watkins	Trustee	1.0	Director	$0	$0	$0
S Earl Dove	Trustee	1.0	Director	$0	$0	$0
Sharon D Stuart	Trustee	1.0	Director	$0	$0	$0
Sheri P McKean	Trustee	1.0	Director	$0	$0	$0
Steve Vinyard	Trustee	1.0	Director	$0	$0	$0
Terry Hales Jr	Trustee	1.0	Director	$0	$0	$0
Timothy C Davis	Trustee	1.0	Director	$0	$0	$0
Tracey Morant Adams	Trustee	1.0	Director	$0	$0	$0
Verne Bragg	Trustee	1.0	Director	$0	$0	$0
Victor E Nichol Jr	Trustee	1.0	Director	$0	$0	$0
W Randall Pittman	Trustee	1.0	Director	$0	$0	$0
William J Stevens	Trustee	1.0	Director	$0	$0	$0
Yvette M Richardson	Trustee	1.0	Director	$0	$0	$0
Zeke W Smith	Trustee (term ended September 2025)	1.0	Director	$0	$0	$0
Beck A Taylor	President	40.0	Officer	$561,048	$189,623	$750,671
Colin M Coyne	Vice President for Finance, Business Affairs and Strategy	40.0	Officer	$301,721	$49,446	$351,167
David Cimbora	Provost and Vice President for Academic Affairs (effective 7/1/2024)	40.0	Officer	$190,274	$18,803	$209,077
Elizabeth B Holloway	Vice President for Advancement and Marketing	40.0	Officer	$291,582	$46,954	$338,536
Jason E Black	Vice President for Enrollment Management	40.0	Officer	$268,797	$45,080	$313,877
Joseph Jody H Hunt	General Counsel and Vice President for Government Affairs	40.0	Officer	$250,696	$33,892	$284,588
R Philip Kimrey	Vice President for Student Affairs	40.0	Officer	$267,169	$44,353	$311,522
Lisa C Imbragulio	Chief Investment Officer	40.0	Key Emp	$191,761	$78,329	$270,090
Charles Martin Newton Jr	Director of Athletics	40.0	Highest	$299,650	$44,119	$343,769
Christopher M Hatcher	Head Coach, Football	40.0	Highest	$277,369	$45,978	$323,347
Henry Bucky W McMillan	Head Coach, Basketball (term 4/30/2025)	40.0	Highest	$638,505	$36,562	$675,067
James Finch	Professor	40.0	Highest	$271,735	$43,162	$314,897
Ryan B Hudson	Dean, Cumberland School of Law	40.0	Highest	$326,418	$40,018	$366,436
James Michael Hardin	FORMER OFFICER	40.0		$201,592	$146,519	$348,111
Michael A Crouch	FORMER KEY EMPLOYEE	40.0		$268,197	$48,712	$316,909

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	$370,563,617	$328,214,939	$1,043,452,487	$42,348,678
2024	No data	No data	No data	No data
2023	$281,552,616	$270,879,733	$969,787,118	$10,672,883
2022	$366,702,247	$257,124,034	$871,369,127	$109,578,213
2021	$280,325,292	$240,167,389	$801,305,714	$40,157,903
2020	$233,018,125	$240,422,444	$717,316,592	$-7,404,319
2019	$238,137,206	$240,241,509	$721,884,021	$-2,104,303
2018	$230,528,422	$229,447,493	$707,308,926	$1,080,929