AUBURN 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

1960

Legal Domicile

Principal Officer

ROBERT WELLBAUM

Phone

3348447048

Tax Period

2024-10-01 to 2025-09-30

AUBURN UNIVERSITY FOUNDATION, founded in 1960, is a major nonprofit in the Education sector that reported $127.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $45.4M, a strong 36% operating margin.

Mission

THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF AUBURN UNIVERSITY, AN EDUCATIONAL, LAND GRANT INSTITUTION.

Program Service Accomplishments

Program 1

Expenses: $64,369,916 Revenue: $3,295,047

GRANTS TO AUBURN UNIVERSITY (AU) FOR ACADEMIC, OUTREACH AND RESEARCH MISSIONS AND ITS SUPPORTING/RELATED ORGANIZATIONS IN SUPPORT OF THEIR ORGANIZATION'S PRIMARY PURPOSES, OUTREACH AND...

GRANTS TO AUBURN UNIVERSITY (AU) FOR ACADEMIC, OUTREACH AND RESEARCH MISSIONS AND ITS SUPPORTING/RELATED ORGANIZATIONS IN SUPPORT OF THEIR ORGANIZATION'S PRIMARY PURPOSES, OUTREACH AND INTERCOLLEGIATE ATHLETICS, IN SUPPORT OF AU.

Program 2

Expenses: $6,362,103 Revenue: $185,662

EXPENDITURES MADE BY AUBURN UNIVERSITY FOUNDATION (AUF) ON BEHALF OF AU IN SUPPORT OF ITS ACADEMIC, OUTREACH AND RESEARCH MISSIONS.

Program 3

Expenses: $258,000 Revenue: $0

GRANTS TO AUBURN UNIVERSITY REAL ESTATE FOUNDATION, INC.(AUREF), FOR OPERATIONS AND THE TRANSFER OF REAL PROPERTIES TO AU FOR PERPETUAL MANAGEMENT.

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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 $88,768,365

Program Service Revenue $185,662

Investment Income $34,683,672

Other Revenue $3,444,475

TOTAL REVENUE $127,082,174

Expense Breakdown

Grants Paid $64,627,916

Salaries & Benefits $532,639

Fundraising Expenses $4,360,711

Program Expenses $70,990,019

Other Expenses $16,552,120

TOTAL EXPENSES $81,712,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,082,174	$139,201,323	-0.1%
Expenses	$81,712,675	$75,639,219	+0.1%
Net Income	$45,369,499	$63,562,104	-0.3%

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

102

Volunteers

984

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

$2,047,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH STUKES	CHAIR	1.50	Officer Director	$0	$0	$0
PAT HENRY	VICE CHAIR	1.50	Officer Director	$0	$0	$0
KATH CARTER	TREASURER	1.50	Officer Director	$0	$0	$0
PAUL JACOBSON	DIRECTOR, PAST CHAIR	1.50	Director	$0	$0	$0
BEAU BYRD	DIRECTOR	1.25	Director	$0	$0	$0
BRAD CORSON	DIRECTOR	1.50	Director	$0	$0	$0
CONNIE NEVILLE	DIRECTOR	1.25	Director	$0	$0	$0
DAN ARNOLD	DIRECTOR	1.50	Director	$0	$0	$0
DAN DAVIDSON	DIRECTOR	1.50	Director	$0	$0	$0
GREG WINCHESTER	DIRECTOR	1.25	Director	$0	$0	$0
JOE COWAN	DIRECTOR	1.50	Director	$0	$0	$0
JOHN STEIN	PRESIDENT	1.50	Director	$0	$0	$0
KEN HENDERSON	DIRECTOR	1.50	Director	$0	$0	$0
LACEY LEWIS	DIRECTOR	0.75	Director	$0	$0	$0
MARK FORCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
NICK DAVIS	DIRECTOR	1.50	Director	$0	$0	$0
NICOLE FAULK	DIRECTOR	1.50	Director	$0	$0	$0
RANDY CHASE	DIRECTOR	1.25	Director	$0	$0	$0
REGENIA SANDERS	DIRECTOR	1.25	Director	$0	$0	$0
SARAH BROWN	DIRECTOR	1.50	Director	$0	$0	$0
SHIRLEY BOULWARE	DIRECTOR	1.50	Director	$0	$0	$0
STEVE CATES	DIRECTOR	0.25	Director	$0	$0	$0
TEE GREEN	DIRECTOR	1.25	Director	$0	$0	$0
ROBERT WELLBAUM	PRESIDENT	10.00	Officer	$392,492	$61,791	$474,940
ERIN LEWIS	CHIEF OPERATIONS OFFICER	10.00	Officer	$270,559	$53,032	$353,653
MARGARET ARNOLD	VICE PRESIDENT	6.00	Officer	$228,831	$45,515	$279,016
WILLIAM HUGHES	CHIEF FINANCIAL OFFICER	20.00	Officer	$180,538	$39,809	$240,407
REGENA ISBELL	ASSISTANT TREASURER	22.00	Officer	$155,218	$29,415	$184,633
LEE SHEPPARD	ASSISTANT TREASURER	22.00	Officer	$112,707	$25,871	$148,379
WANDA SPEROW	SECRETARY	36.00	Officer	$99,583	$20,348	$125,172
SHAUNA MONROE	ASSISTANT TREASURER	20.50	Officer	$91,944	$29,682	$121,626
LAUREL HENDRIX	ASSITANT SECRETARY	20.00	Officer	$80,662	$17,408	$102,315
MERIDITH COLLARI BEG 0125	CHIEF INFORMATION SECURITY OFFICER	6.00	Officer	$15,167	$1,943	$17,263
WILLIAM WILLIAMS THRU 072025	EXEC. DIRECTOR, REGIONAL DEVELOPMENT	4.00	Highest	$227,822	$39,211	$267,033
DANIEL SASSER	CHIEF ENGAGEMENT OFFICER	4.00	Highest	$188,769	$40,157	$228,926
ALESIA DAVENPORT	SR DIRECTOR, GIFT PLANNING	4.00	Highest	$186,281	$30,200	$216,481
HAWKEN BRACKETT THRU 0625	EXEC. DIRECTOR ALUMNI ENGAGEMENT	4.00	Highest	$147,208	$34,173	$181,381
KEVIN HARDEE	SR MAJOR GIFTS OFFICER	4.00	Highest	$140,591	$18,275	$158,866

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	$127,082,174	$81,712,675	$1,186,034,779	$45,369,499
2024	No data	No data	No data	No data
2023	$105,901,553	$62,477,114	$909,567,231	$43,424,439
2022	$136,125,089	$76,266,464	$808,830,854	$59,858,625
2021	$96,896,842	$73,551,519	$857,894,187	$23,345,323
2020	$70,458,731	$54,491,105	$710,019,152	$15,967,626
2019	$69,327,498	$55,988,866	$681,507,810	$13,338,632
2018	$63,800,157	$69,964,494	$668,813,432	$-6,164,337