UNIVERSITY OF CENTRAL AR FOUNDATIO… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

CHAD HEARNE

Phone

5014505288

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF CENTRAL AR FOUNDATION INC, founded in 1981, is a mid-sized nonprofit in the Education sector that reported $11.3M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $9.8M left a modest 14% surplus.

Mission

THE PURPOSE OF THE UNIVERSITY OF CENTRAL ARKANSAS FOUNDATION, INC. IS TO FURTHER THE GOALS OF THE UNIVERSITY OF CENTRAL ARKANSAS BY SECURING AND CAREFULLY MANAGING PRIVATE FUNDS FOR THE SUPPORT OF THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $2,389,048

THE FOUNDATION PROVIDED SCHOLARSHIPS TO 978 UNIVERSITY OF CENTRAL ARKANSAS STUDENTS.

Program 2

Expenses: $6,068,218 Revenue: $4,323,423

FUNDING FOR THE PURCHASE OF EDUCATIONAL EQUIPMENT AND MISCELLANEOUS PROGRAMS USED TO ENHANCE EDUCATION AT THE UNIVERSITY OF CENTRAL ARKANSAS.

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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 $6,949,807

Program Service Revenue $0

Investment Income $4,313,486

Other Revenue $32,143

TOTAL REVENUE $11,295,436

Expense Breakdown

Grants Paid $2,842,853

Salaries & Benefits $3,514,199

Fundraising Expenses $259,115

Program Expenses $8,457,266

Other Expenses $3,371,581

TOTAL EXPENSES $9,756,208

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,295,436	$14,961,219	-0.2%
Expenses	$9,756,208	$10,389,273	-0.1%
Net Income	$1,539,228	$4,571,946	-0.7%

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

100

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
BRET CARROLL	CHAIR	10.00	Officer Director	$0	$0	$0
LINDSAY HENDERSON	VICE CHAIR	10.00	Officer Director	$0	$0	$0
DREW MAY	SECRETARY	10.00	Officer Director	$0	$0	$0
SUSAN RICHARDS	TREASURER	10.00	Officer Director	$0	$0	$0
BRAD HEGEMAN	PAST CHAIR	10.00	Director	$0	$0	$0
TIFFANY CHILDERS	DIRECTOR	10.00	Director	$0	$0	$0
DR RENEE CRATER	DIRECTOR	10.00	Director	$0	$0	$0
CHRIS HERVEY	DIRECTOR	10.00	Director	$0	$0	$0
DREW GAINOR	DIRECTOR	10.00	Director	$0	$0	$0
ANN KINDER	DIRECTOR	10.00	Director	$0	$0	$0
MELISSA METHENY	DIRECTOR	10.00	Director	$0	$0	$0
DR TONY MANNING	DIRECTOR	10.00	Director	$0	$0	$0
ELIZABETH BLANKENSHIP	DIRECTOR	10.00	Director	$0	$0	$0
KENNY KINLEY	DIRECTOR	10.00	Director	$0	$0	$0
DEXTER PEARSON	DIRECTOR	10.00	Director	$0	$0	$0
LORI ROSS	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL MURRY	DIRECTOR	10.00	Director	$0	$0	$0
LORI MELTON	DIRECTOR	10.00	Director	$0	$0	$0
BRADLEY MULLINS	DIRECTOR	10.00	Director	$0	$0	$0
SHANNON HENDRIX	DIRECTOR	10.00	Director	$0	$0	$0
DAPHNE MCBETH	DIRECTOR	10.00	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	$11,295,436	$9,756,208	$108,630,897	$1,539,228
2024	$14,961,219	$10,389,273	$103,153,466	$4,571,946
2023	$21,563,728	$9,280,371	$90,785,071	$12,283,357
2022	$12,983,167	$8,291,403	$76,302,395	$4,691,764
2021	$15,877,456	$6,744,598	$99,602,345	$9,132,858
2020	$30,564,552	$27,439,356	$82,881,608	$3,125,196
2019	$12,053,990	$8,282,810	$63,097,275	$3,771,180

UNIVERSITY OF CENTRAL AR FOUNDATION INC