Athens State University 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

1981

Legal Domicile

Phone

2562338215

Tax Period

2024-10-01 to 2025-09-30

Athens State University Foundation, founded in 1981, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 63% operating margin.

Mission

The Foundation promotes the University to the surrounding community, works to build a strong alumni group, and helps secure funding for scholarships.

Program Service Accomplishments

Program 1

Expenses: $323,383

THE FOUNDATION PROMOTES THE UNIVERSITY TO THE SURROUNDING COMMUNITY, WORKS TO BUILD A STRONG ALUMNI GROUP, AND HELPS SECURE FUNDING FOR SCHOLARSHIPS.

Program 2

Expenses: $162,385

THE FOUNDATION SPONSORS THE UNIVERSITY'S CLUBS AND DIVISIONS FOR VARIOUS CURRICULA AND ADDITIONAL CLASSROOM FACILITIES.

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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 $1,590,211

Program Service Revenue $0

Investment Income $261,833

Other Revenue $-251,597

TOTAL REVENUE $1,600,447

Expense Breakdown

Grants Paid $485,768

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $485,768

Other Expenses $112,775

TOTAL EXPENSES $598,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,600,447	$1,119,063	+0.4%
Expenses	$598,543	$576,106	+0.0%
Net Income	$1,001,904	$542,957	+0.8%

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

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

$438,964

Total Directors

$669,254

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Coleman	Past-President	0.5	Officer Director	$0	$0	$0
Dr Bill Hopkins	Vice President and President-Elect	0.5	Officer Director	$0	$0	$0
Dr Catherine Wehlburg	Ex-Officio & ASU President	0.5	Officer Director	$0	$25,492	$254,924
Dr Keith Ferguson	Ex-Officio ASUF Sec/Treas & ASU VP for Univ Adv.	10.0	Officer Director	$0	$18,404	$184,040
Tommy Coblentz	President	0.5	Officer Director	$0	$0	$0
Betty Ruth-Oliver	Ex-Officio Board Member	0.5	Director	$0	$0	$0
Chris Allen	Board Member	0.5	Director	$0	$0	$0
Dick Chittam	Board Member	0.5	Director	$0	$0	$0
Dr Alyson Gill	Ex-Officio & ASU Provost &VP for Acad Affairs & SS	0.5	Director	$0	$5,872	$58,722
Dr Mike Essary	Board Member	0.5	Director	$0	$17,157	$171,568
Jeffery Abbott	Board Member	0.5	Director	$0	$0	$0
Jerry Evans	Board Member	0.5	Director	$0	$0	$0
Joseph Southers	Board Member	0.5	Director	$0	$0	$0
Kathy Garrett	Board Member	0.5	Director	$0	$0	$0
Lisa Payne	Board Member	0.5	Director	$0	$0	$0
Mark Jackson	Board Member	0.5	Director	$0	$0	$0
Naomi DuBois	Board Member	0.5	Director	$0	$0	$0
The Honorable Charles Woodroof	Board Member	0.5	Director	$0	$0	$0
Tim Lovelace	Board Member	0.5	Director	$0	$0	$0
U'Meeka Smith	Board Member	0.5	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	$1,600,447	$598,543	$10,641,930	$1,001,904
2024	$1,119,063	$576,106	$9,185,676	$542,957
2023	$1,183,015	$594,097	$7,826,754	$588,918
2022	$928,220	$632,278	$7,010,036	$295,942
2021	$779,781	$479,431	$7,111,397	$300,350
2020	$991,624	$549,646	$6,283,827	$441,978
2019	$1,109,871	$561,118	$7,864,016	$548,753
2018	$733,913	$442,560	$5,547,317	$291,353