Harding University Inc (EIN 710236896) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

Tamara H Hall

Phone

5012794018

Tax Period

2024-07-01 to 2025-06-30

Harding University Inc, founded in 1946, is a major nonprofit that reported $174.2M in total revenue in fiscal year 2020. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62.0M, a strong 36% operating margin.

Mission

With Christ as Lord, Harding University transforms learners for global impact by engaging minds and nurturing faith within a deeply connected community.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,765,408

Program Service Revenue $110,938,226

Investment Income $18,398,671

Other Revenue $0

TOTAL REVENUE $149,102,305

Expense Breakdown

Grants Paid $159,070

Salaries & Benefits $73,442,068

Fundraising Expenses $2,567,353

Program Expenses $123,981,820

Other Expenses $65,734,407

TOTAL EXPENSES $139,375,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,102,305	$128,859,823	+0.2%
Expenses	$139,375,418	$130,359,326	+0.1%
Net Income	$9,726,887	$-1,499,503	-7.5%

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

2819

Volunteers

250

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

$779,443

Total Directors

Key Employees

$281,508

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Williams	President	040.00	Officer	$283,686	$44,760	$328,446
Jean-Noel Thompson	Executive Vice President	040.00	Officer	$170,475	$96,020	$266,495
Michael McGalliard	Dean CAH/Assoc Provost HS	040.00	Highest	$152,396	$65,336	$217,732
Julie Hixson-Wallace	Dean College of Pharmacy	040.00	Highest	$169,930	$22,925	$192,855
Marty Spears	Provost	040.00	Key Emp	$156,721	$32,535	$189,256
Debbie Knight	Prof/CHS IPE/Co Cur Co	040.00	Highest	$118,326	$67,321	$185,647
Tamara Hall	Secretary/Treasurer	040.00	Officer	$149,628	$34,874	$184,502
Dana Steil	Dean CAS	040.00	Highest	$121,343	$56,782	$178,125
Rayanne Story	Assoc Prof/Associate Dean Pharmacy	040.00	Highest	$123,687	$48,174	$171,861
Paul Maynard	Chief Growth Strategy Officer	040.00	Key Emp	$38,942	$23,191	$62,133
Robin Maynard	Chief Legal Compliance Officer	040.00	Key Emp	$30,119	$0	$30,119
David Bell	Board Member	001.00	Director	$0	$0	$0
Tim Bewley	Board Member	001.00	Director	$0	$0	$0
Erin Brogdon	Board Member	001.00	Director	$0	$0	$0
Brant Bryan	Board Member	001.00	Director	$0	$0	$0
Craig Cheatham	Board Member	001.00	Director	$0	$0	$0
Stephanie Cochran	Board Member	001.00	Director	$0	$0	$0
James H Cone Jr	Board Member	001.00	Director	$0	$0	$0
Mark Crews	Board Member	001.00	Director	$0	$0	$0
Amy Emerson	Board Member	001.00	Director	$0	$0	$0
Harrell Freeman	Board Member	001.00	Director	$0	$0	$0
Charles A Ganus	Board Member	001.00	Director	$0	$0	$0
Michael Justus	Board Member	001.00	Director	$0	$0	$0
Harold R Redd	Board Member	001.00	Director	$0	$0	$0
John D Reese	Board Member	001.00	Director	$0	$0	$0
Swaid Swaid	Board Member	001.00	Director	$0	$0	$0
David Waldron	Board Member	001.00	Director	$0	$0	$0
Robert C Walker	Board Member	001.00	Director	$0	$0	$0
Rodney Waller	Board Member	001.00	Director	$0	$0	$0
Mark Weeks	Board Member	001.00	Director	$0	$0	$0
Joe Wild	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	$149,102,305	$139,375,418	$488,820,670	$9,726,887
2024	No data	No data	No data	No data
2023	$114,513,535	$125,587,337	$475,682,750	$-11,073,802
2022	$128,532,309	$123,107,984	$471,532,681	$5,424,325
2021	$174,161,667	$112,152,359	$470,222,822	$62,009,308

Harding University Inc