Tougaloo College (EIN 640303093) - Form 990 Financial Analysis & Trantor Score

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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

1905

Legal Domicile

Principal Officer

Pacey Bowens

Phone

6019777700

Tax Period

2022-07-01 to 2023-06-30

Tougaloo College, founded in 1905, is a mid-sized nonprofit in the Education sector that reported $30.2M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $34.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

The College is an institution of higher education and provides instruction and various support services in achieving its purpose.

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,759,412

Program Service Revenue $11,021,250

Investment Income $2,702

Other Revenue $1,441,969

TOTAL REVENUE $30,225,333

Expense Breakdown

Grants Paid $2,244,071

Salaries & Benefits $1,199,753

Fundraising Expenses $665,525

Program Expenses $27,379,021

Other Expenses $30,758,041

TOTAL EXPENSES $34,201,865

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,225,333	$43,333,413	-0.3%
Expenses	$34,201,865	$30,892,727	+0.1%
Net Income	$-3,976,532	$12,440,686	-1.3%

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

967

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

$1,199,753

Total Directors

$234,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Carmen J Walters	President	040.00	Officer Director	$224,620	$10,000	$234,620
Schenika Harrison	Director of Title III	040.00	Officer	$199,460	$5,585	$205,045
Dr Leon C Wilson	Vice President of Academic Affairs	040.00	Officer	$170,796	$8,048	$178,844
Ms Pacey L Bowens	Vice President of Finance Administration	040.00	Officer	$163,139	$0	$163,139
Ms Daphne R Chamberlain	Vice President of Strategic Initiatives Social Justice	040.00	Officer	$142,100	$6,312	$148,412
Dr Whitney F McDowell-Robinson	Vice President of Enrollment Management Student Affairs	040.00	Officer	$105,843	$4,451	$110,294
Ms Linda J Daniels	Chief of Staff	040.00	Officer	$86,937	$3,855	$90,792
Ms Sandra Hodge	Vice President of Institutional Advancement	040.00	Officer	$68,607	$0	$68,607
Mr Jeffery Artis	Board Member	001.00	Director	$0	$0	$0
Mr Edmond E Hughes Jr	Chairman	001.00	Officer Director	$0	$0	$0
Mrs Joyce Small Delk	Board Member	001.00	Director	$0	$0	$0
Dr Brigetta K Turner	Board Member	001.00	Director	$0	$0	$0
Mr Michael O'Neal Weems	Board Member	001.00	Director	$0	$0	$0
Dr David C Williams	Board Member	001.00	Director	$0	$0	$0
Mr John Arledge	Board Member	001.00	Director	$0	$0	$0
Dr Estelle Cooke-Sampson	Board Member	001.00	Director	$0	$0	$0
Mrs Carol T Puckett	Board Member	001.00	Director	$0	$0	$0
Ms Shirlethia V Franklin	Board Member	001.00	Director	$0	$0	$0
Rev Dr Michele V Hagans	Board Member	001.00	Director	$0	$0	$0
Rev Geoffrey Black	Board Member	001.00	Director	$0	$0	$0
Mr Primus Wheeler	Board Member	001.00	Director	$0	$0	$0
Mr Elane Coleman	Board Member	001.00	Director	$0	$0	$0
Dr Blondean Davis	Secretary	001.00	Officer Director	$0	$0	$0
Mr Marion Tresvant	Vice Chairman	001.00	Director	$0	$0	$0
Dr Chris Gilmer	Board Member	001.00	Director	$0	$0	$0
Mr Charles D Watson II	Board Member	001.00	Director	$0	$0	$0
Mr Roosevelt Turner	Board Member	001.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$30,225,333	$34,201,865	$119,337,094	$-3,976,532
2022	$43,333,413	$30,892,727	$123,387,535	$12,440,686
2021	$43,270,730	$29,457,075	$112,079,464	$13,813,655
2020	$29,921,316	$25,971,569	$95,926,322	$3,949,747
2019	$29,718,286	$28,248,384	$91,077,680	$1,469,902
2018	$28,780,868	$27,533,145	$89,161,831	$1,247,723

Tougaloo College