UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION (EIN 646022505) - 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

1959

Legal Domicile

Principal Officer

STACE MERCIER

Phone

6012665210

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $27.7M in total revenue in fiscal year 2024. The organization ran a surplus of $12.8M, a strong 46% operating margin.

Mission

BUILD RELATIONSHIPS WITH ALUMNI AND FRIENDS IN ORDER TO SECURE PRIVATE FUNDS FOR THE BENEFIT OF USM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,051,527

Program Service Revenue $0

Investment Income $13,615,715

Other Revenue $6,279

TOTAL REVENUE $27,673,521

Expense Breakdown

Grants Paid $10,872,479

Salaries & Benefits $188,324

Fundraising Expenses $320,718

Program Expenses $12,373,033

Other Expenses $3,861,319

TOTAL EXPENSES $14,922,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,673,521	$26,790,188	+0.0%
Expenses	$14,922,122	$12,071,547	+0.2%
Net Income	$12,751,399	$14,718,641	-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

$292,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACE MERCIER	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer	$142,034	$32,593	$174,627
ELISSA ERNST	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$104,572	$25,419	$129,991
LESLEE SMITH	CHIEF FINANCIAL OFFICER	40.00	Officer	$87,337	$30,979	$118,316
CHRIS ANDERSON	PRESIDENT	0.52	Officer Director	$0	$0	$0
OMAR NELSON	VICE PRESIDENT	0.54	Officer Director	$0	$0	$0
WADE HOWK TREASURER	AND FINANCE COMMITTEE CHAIR	0.23	Officer Director	$0	$0	$0
JOE QUINLAN	IMMEDIATE PAST PRESIDENT	0.52	Officer Director	$0	$0	$0
REBECCA BOUDREAUX	BOARD MEMBER	0.27	Director	$0	$0	$0
CARLEN CHESTANG	BOARD MEMBER	0.38	Director	$0	$0	$0
ALAN COATS	BOARD MEMBER	1.83	Director	$0	$0	$0
LISA CONN	BOARD MEMBER	0.42	Director	$0	$0	$0
BEVERLY DALE	BOARD MEMBER	1.96	Director	$0	$0	$0
ROBERT DONNELL	BOARD MEMBER	0.46	Director	$0	$0	$0
CINDY GADDIS	MEMBER-AT-LARGE	0.60	Director	$0	$0	$0
TOM GIBBENS	BOARD MEMBER	0.35	Director	$0	$0	$0
KEVIN GILBERT	BOARD MEMBER	0.29	Director	$0	$0	$0
CAROL JONES-RUSSELL	POLICY AND BYLAWS COMMITTEE CHAIR	0.29	Director	$0	$0	$0
SCOTT LANEHART	BOARD MEMBER	0.44	Director	$0	$0	$0
JOY LIGHTSEY	BOARD MEMBER	0.40	Director	$0	$0	$0
VICKIE LOCK	BOARD MEMBER	0.40	Director	$0	$0	$0
ADELE LYONS	BOARD MEMBER	0.46	Director	$0	$0	$0
KEITH MOONEY	BOARD MEMBER	0.54	Director	$0	$0	$0
GERALD MUMFORD	BOARD MEMBER	1.62	Director	$0	$0	$0
JENNIFER PAYNE	BOARD MEMBER	0.33	Director	$0	$0	$0
RHONDA PHILLIPS	BOARD MEMBER	0.15	Director	$0	$0	$0
RODERICK POSEY	BOARD MEMBER	0.52	Director	$0	$0	$0
TRACY POWELL	RESOURCE DEVELOPMENT COMMITTEE CHAIR	0.60	Director	$0	$0	$0
CHUCK SCIANNA	BOARD MEMBER - THRU 1/14/2025	0.29	Director	$0	$0	$0
DEMARIO SMITH	BOARD MEMBER	0.35	Director	$0	$0	$0
STEVE STRICKLAND	INVESTMENT COMMITTEE CHAIR	0.65	Director	$0	$0	$0
EDWARD TAYLOR	BOARD MEMBER	0.13	Director	$0	$0	$0
ADALIUS THOMAS	BOARD MEMBER	0.21	Director	$0	$0	$0
SUSAN WILLIAMS	BOARD MEMBER	0.25	Director	$0	$0	$0
ALVIS WRIGHT	BOARD MEMBER	0.37	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	$27,673,521	$14,922,122	$214,494,117	$12,751,399
2024	$26,790,188	$12,071,547	$194,257,683	$14,718,641
2023	$17,712,238	$12,862,991	$165,505,905	$4,849,247
2022	$19,113,544	$14,010,726	$151,472,857	$5,102,818
2021	$22,965,216	$10,497,672	$175,992,217	$12,467,544
2020	$11,400,420	$9,987,932	$141,162,152	$1,412,488
2019	$10,738,886	$9,702,399	$140,081,501	$1,036,487

UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION