ALABAMA STATE UNIVERSITY FOUNDATIO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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 is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $7.3M left a modest 10% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $5,627,088

UNIVERSITY SUPPORT

Program 2

Expenses: $1,248,231

ATHLETIC SUPPORT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,910,804

Program Service Revenue $0

Investment Income $230,227

Other Revenue $0

TOTAL REVENUE $8,141,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,875,319

Other Expenses $7,334,715

TOTAL EXPENSES $7,334,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,141,031	$6,628,190	+0.2%
Expenses	$7,334,715	$4,752,577	+0.5%
Net Income	$806,316	$1,875,613	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ANTWON HARDWICK	CHAIR	N/A	Officer Director	$0	$0	$0
JENNIFER K BROWN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JIMMY MORRIS JR	SECRETARY	N/A	Officer Director	$0	$0	$0
NORMAN CARMICHAEL	TREASURER	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	$8,538,077	$7,316,995	$11,609,670	$1,221,082
2023	$8,141,031	$7,334,715	$11,195,677	$806,316
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