INNOVATIVE STUDENT FACILITIES INC

EIN: 680522870 501(c)(3) Housing & Shelter

RUSTON, LA

Total Revenue
$12,076,170
Total Expenses
$12,078,295
Total Assets
$157,106,643
Net Assets
$14,334,317
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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
2002
Legal Domicile
LA
Principal Officer
CHRIS BARR
Phone
3182572445
Tax Period
2024-07-01 to 2025-06-30

INNOVATIVE STUDENT FACILITIES INC, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.1M in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF INNOVATIVE STUDENT FACILITIES, INC. SHALL BE TO PROMOTE, ASSIST AND BENEFIT THE EDUCATIONAL MISSION OF LOUISIANA TECH UNIVERSITY UNDER THE MANAGEMENT AND CONTROL OF THE BOARD OF SUPERVISORS FOR THE UNIVERSITY OF LOUISIANA SYSTEM. THE IMPLEMENTATION OF THIS MISSION SHALL INCLUDE ANY LAWFUL ACTIVITY DEEMED BY THE CORPORATION NECESSARY OR ADVISABLE IN ORDER TO SUPPORT AND ASSIST THE UNIVERSITY IN CARRYING OUT ITS MISSION AND OBJECTIVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $237,083
Program Service Revenue $11,566,946
Investment Income $270,282
Other Revenue $1,859
TOTAL REVENUE $12,076,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,053,467
Other Expenses $12,078,295
TOTAL EXPENSES $12,078,295

Year-over-Year Comparison

2024 2023 Change
Revenue $12,076,170 $12,210,997 0.0%
Expenses $12,078,295 $12,723,261 -0.1%
Net Income $-2,125 $-512,264 -1.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DICKIE CRAWFORD DIRECTOR 2.00
Director
$0 $0 $0
DR JAMES KING SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
RYAN KILPATRICK DIRECTOR 0.10
Director
$0 $0 $0
WILL DEARMON DIRECTOR 0.10
Director
$0 $0 $0
MARGARET DAVISON DIRECTOR 0.10
Director
$0 $0 $0
DR JEAN HALL VICE CHAIRMAN 0.10
Officer Director
$0 $0 $0
CHRIS BARR CHAIRMAN 0.50
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
2025 $12,076,170 $12,078,295 $157,106,643 $-2,125
2024 $12,210,997 $12,723,261 $158,180,916 $-512,264
2023 $12,998,880 $12,074,224 $164,207,156 $924,656
2022 $12,543,045 $10,914,620 $167,914,414 $1,628,425
2021 $8,971,291 $10,616,833 $170,028,884 $-1,645,542
2020 $8,236,705 $8,769,705 $173,397,932 $-533,000
2019 $8,573,072 $9,042,692 $124,837,880 $-469,620
2018 $-297,387 No data $128,423,397 No data
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