ALCORN STATE UNIVERSITY FOUNDATION INC (EIN 640538018) - 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

1973

Legal Domicile

Principal Officer

DR DENNIS THOMAS

Phone

6018776693

Tax Period

2023-01-01 to 2023-12-31

ALCORN STATE UNIVERSITY FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $5.4M in total revenue in fiscal year 2023. The organization ran a surplus of $2.9M, a strong 52% operating margin.

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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 $3,794,606

Program Service Revenue $0

Investment Income $1,609,414

Other Revenue $42,035

TOTAL REVENUE $5,446,055

Expense Breakdown

Grants Paid $1,848,758

Salaries & Benefits $0

Fundraising Expenses $301,889

Program Expenses $1,848,758

Other Expenses $744,691

TOTAL EXPENSES $2,593,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,446,055	$5,496,548	0.0%
Expenses	$2,593,449	$3,196,342	-0.2%
Net Income	$2,852,606	$2,300,206	+0.2%

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
ROBERT D GAGE IV	DIRECTOR	0.50	Director	$0	$0	$0
DENSEL FLEMING	DIRECTOR	0.50	Director	$0	$0	$0
DR JESSE E MCGEE	DIRECTOR	0.50	Director	$0	$0	$0
DR SHELBY WILKES	TREASUER	0.50	Officer Director	$0	$0	$0
DR CHARLIE BRIDGES	DIRECTOR	0.50	Director	$0	$0	$0
DR ANTHONY NEWMAN	DIRECTOR	0.50	Director	$0	$0	$0
NATHANIEL HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
DR ZAKIYA NICKS	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS WARD	EX OFFICIO MEMBER / SECRET	0.50	Officer Director	$0	$0	$0
CARLA KIRKLAND	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
LAUREN B MIDDLETON	DIRECTOR	0.50	Director	$0	$0	$0
DR TRACY COOK	EX OFFICIO MEMBER	0.50	Director	$0	$0	$0
DR ORPHEUS TRIPLETT	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MCCORMICK	DIRECTOR	0.50	Director	$0	$0	$0
DR DENNIS THOMAS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WILBERT JONES	DIRECTOR	0.50	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	$5,446,055	$2,593,449	$56,421,072	$2,852,606
2022	$5,334,604	$1,805,556	$56,611,434	$3,529,048
2020	$27,759,787	$1,862,607	$50,539,008	$25,897,180
2019	$5,359,624	$2,702,333	$22,421,803	$2,657,291
2018	$778,718	$2,425,713	$19,767,429	$-1,646,995

ALCORN STATE UNIVERSITY FOUNDATION INC