TROY 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

1968

Legal Domicile

Principal Officer

DR JAMES BOOKOUT

Phone

3346703000

Tax Period

2023-10-01 to 2024-09-30

TROY UNIVERSITY FOUNDATION, founded in 1968, is a mid-sized nonprofit in the Education sector that reported $15.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $5.7M, a strong 38% operating margin.

Mission

TO ASSIST TROY UNIVERSITY IN BUILDING ITS ENDOWMENT THROUGH A COORDINATED DONOR PROGRAM AND SOUND INVESTMENT POLICY THEREBY ENSURING RELIABLE RESOURCES FOR THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $8,249,068 Revenue: $2,149,775

SUPPORT OF TROY UNIVERSITY SYSTEM ACADEMICS, LIBRARY, FACULTY, STAFF, ALUMNI AND STUDENT PROGRAMS FOR APPROXIMATELY 15,000 STUDENTS AND 170,000 ALUMNI.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,552,549

Program Service Revenue $1,924,571

Investment Income $3,345,733

Other Revenue $1,296,533

TOTAL REVENUE $15,119,386

Expense Breakdown

Grants Paid $5,661,267

Salaries & Benefits $0

Fundraising Expenses $179,884

Program Expenses $8,249,068

Other Expenses $3,781,729

TOTAL EXPENSES $9,442,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,119,386	$16,040,566	-0.1%
Expenses	$9,442,996	$9,976,553	-0.1%
Net Income	$5,676,390	$6,064,013	-0.1%

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

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
DR JACK HAWKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM FILMORE	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG KNEDLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY COLEMAN	CHAIR	1.00	Officer Director	$0	$0	$0
LARRY HUGHES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR JAMES BOOKOUT JR	TREASURER	1.00	Officer Director	$0	$0	$0
ROSEMARY ELEBASH	ALUMNI BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY DRINKARD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN R FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDALL MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
HORACE HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR EARL JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MANLY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BILLY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY KERVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MALLACH	BOARD MEMBER	1.00	Director	$0	$0	$0
HARREL MCKINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDENE NICHOLS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEWIS RUSHING	BOARD MEMBER	1.00	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	$15,119,386	$9,442,996	$223,937,479	$5,676,390
2023	$16,040,566	$9,976,553	$237,046,289	$6,064,013
2022	$14,891,109	$8,947,478	$216,795,680	$5,943,631
2021	$14,236,895	$6,569,409	$251,536,204	$7,667,486
2020	$12,250,534	$12,186,367	$224,346,986	$64,167
2019	$15,222,420	$10,155,263	$196,465,773	$5,067,157
2018	$13,029,660	$9,705,533	$187,647,293	$3,324,127