HENDERSON STATE UNIVERSITY FOUNDAT… - 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

1980

Legal Domicile

Principal Officer

TINA HALL

Phone

8702305347

Tax Period

2024-07-01 to 2025-06-30

HENDERSON STATE UNIVERSITY FOUNDATION, founded in 1980, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Net assets of $32.9M represent 140 months of operating reserves.

Mission

THE FOUNDATION'S PURPOSE IS TO RECEIVE, SOLICIT, ACCEPT AND HOLD, ADMINISTER, INVEST AND DISBURSE PROPERTY AND FUNDS FOR THE EDUCATIONAL MISSION OF HENDERSON STATE UNIVERSITY. THE FOUNDATION PROVIDES HSU WITH RESOURCES NOT PROVIDED BY PUBLIC FUNDS.

Program Service Accomplishments

Program 1

Expenses: $679,183

DURING THE YEAR ENDED JUNE 30, 2025, MORE THAN 300 SCHOLARSHIPS WERE AWARDED TO STUDENTS OF HENDERSON STATE UNIVERSITY.

Program 2

Expenses: $1,850,891

TO PROMOTE DEVELOPMENT, GROWTH, EXPANSION, PROGRESS, ACCOMPLISHMENT OF EDUCATION OBJECTIVES, DEVELOPMENT OF THE PHYSICAL PLANT, IMPROVEMENT OF FACULTY AND STAFF AND AID TO HENDERSON STATE UNIVERSITY. THERE ARE MORE THAN 35 FUNDS IN PLACE TO PROVIDE SUPPORT TO ACADEMIC PROGRAMS AND OVER $2,300,000 MILLION WAS ABLE TO BE PROVIDED TO THE UNIVERSITY FROM PRIVATE SUPPORT IN FURTHERANCE OF THEIR PROGRAMMATIC WORK.

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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 $2,178,826

Program Service Revenue $0

Investment Income $647,192

Other Revenue $0

TOTAL REVENUE $2,826,018

Expense Breakdown

Grants Paid $2,337,996

Salaries & Benefits $152,151

Fundraising Expenses $0

Program Expenses $2,530,074

Other Expenses $348,513

TOTAL EXPENSES $2,838,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,826,018	$2,739,079	+0.0%
Expenses	$2,838,660	$2,454,628	+0.2%
Net Income	$-12,642	$284,451	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS M WEWERS	CHAIR	1.00	Officer Director	$0	$0	$0
JIM GARLAND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATHAN GOODNIGHT	PAST CHAIR	1.00	Director	$0	$0	$0
DR MARK ATTWOOD	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVID BELL	DIRECTOR	1.00	Director	$0	$0	$0
KRISHNA ELLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE NICHOLS TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
LAMARR BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ZENO	DIRECTOR	1.00	Director	$0	$0	$0
ROY SNOOK	DIRECTOR	1.00	Director	$0	$0	$0
TINA HALL	VICE CHANCELLOR OF MARKETING AND COMMUNICATON	20.00	Officer	$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	$2,826,018	$2,838,660	$32,859,183	$-12,642
2024	$2,739,079	$2,454,628	$29,791,451	$284,451
2023	$1,452,780	$1,868,032	$26,351,693	$-415,252
2022	$4,206,490	$2,298,844	$24,967,380	$1,907,646
2021	$2,533,598	$2,631,216	$26,733,633	$-97,618
2020	$3,694,783	$2,213,345	$22,488,060	$1,481,438
2019	$3,049,943	$2,072,125	$21,018,609	$977,818
2018	$2,823,353	$1,558,322	$19,594,997	$1,265,031

HENDERSON STATE UNIVERSITY FOUNDATION