ALABAMA STATE UNIVERSITY FOUNDATION INC (EIN 636067745) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

COL GREG CLARK

Phone

3342294772

Tax Period

2023-01-01 to 2023-12-31

ALABAMA STATE UNIVERSITY FOUNDATION INC, founded in 1968, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2018. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $772K, a strong 24% operating margin.

Mission

THE MISSION OF THE ALABAMA STATE UNIVERSITY FOUNDATION, INC. IS TO PERPETUATE A VIABLE ORGANIZATION THAT WILL SUPPORT THE EDUCATIONAL NEEDS AND GOALS OF ALABAMA STATE UNIVERSITY, ITS FACULTY, AND STUDENTS VIA RESPONSIBLE MANAGEMENT OF FINANCIALS PROGRAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,307,850

Program Service Revenue $0

Investment Income $230,227

Other Revenue $0

TOTAL REVENUE $8,538,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,112

Program Expenses $6,862,971

Other Expenses $7,316,995

TOTAL EXPENSES $7,316,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,538,077	$6,628,190	+0.3%
Expenses	$7,316,995	$4,752,577	+0.5%
Net Income	$1,221,082	$1,875,613	-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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COL GREG CLARK	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JENNIFER S ANDERSON	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
CEDRIC MOORE	CHAIR	N/A	Officer Director	$0	$0	$0
ANTWON HARDWICK	VICE CHAIR	N/A	Officer Director	$0	$0	$0
PAMELA HILL	TREASURER	N/A	Officer Director	$0	$0	$0
LINDSAY HARDEN	SECRETARY	N/A	Officer 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
2024	No data	No data	No data	No data
2023	$8,141,031	$7,334,715	$11,195,677	$806,316
2023	$8,538,077	$7,316,995	$11,609,670	$1,221,082
2022	$6,628,190	$4,752,577	$10,391,471	$1,875,613
2021	$5,700,477	$3,570,277	$9,048,148	$2,130,200
2020	$2,452,067	$1,338,688	$6,495,611	$1,113,379
2019	$3,145,352	$2,201,139	$4,972,804	$944,213
2019	$2,924,544	$2,199,675	$4,965,263	$724,869
2018	$3,213,298	$2,441,254	$3,662,802	$772,044

ALABAMA STATE UNIVERSITY FOUNDATION INC