THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND (EIN 720423889) - 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

1951

Legal Domicile

Principal Officer

President Michael Fitts

Phone

5048628000

Tax Period

2024-07-01 to 2025-06-30

THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND, founded in 1951, is a large national nonprofit in the Education sector that reported $1.9B in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.8B left a modest 10% surplus.

Mission

Higher Education, Research, Public Service

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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 $377,281,000

Program Service Revenue $1,342,004,000

Investment Income $223,443,000

Other Revenue $780,000

TOTAL REVENUE $1,943,508,000

Expense Breakdown

Grants Paid $273,316,000

Salaries & Benefits $829,970,000

Fundraising Expenses $34,932,000

Program Expenses $1,511,681,000

Other Expenses $651,731,000

TOTAL EXPENSES $1,755,227,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,943,508,000	$1,798,067,000	+0.1%
Expenses	$1,755,227,000	$1,669,348,000	+0.1%
Net Income	$188,281,000	$128,719,000	+0.5%

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

12533

Volunteers

150

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

$10,688,000

Total Directors

$2,851,000

Key Employees

$2,005,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Sumrall	Head Football Coach	40	Highest	$3,017,000	$64,000	$3,081,000
Michael Fitts	President	40	Officer Director	$2,460,000	$391,000	$2,851,000
Richard Chau	Chief Investment Officer	40	Key Emp	$1,717,000	$288,000	$2,005,000
Dr John Thompson Jr	Physician	40	Highest	$1,393,000	$64,000	$1,457,000
Patrick Norton	COO and Treasurer of the University	40	Officer	$1,032,000	$319,000	$1,351,000
Ronald Hunter	Head Basketball Coach	40	Highest	$1,292,000	$56,000	$1,348,000
Dr Aaron Dumont	Physician	40	Highest	$1,250,000	$52,000	$1,302,000
Jamil Borgi	Associate Professor of Surgery	40	Highest	$1,139,000	$22,000	$1,161,000
Dr L Hamm	Senior VP and Dean of Medicine	40	Officer	$971,000	$59,000	$1,030,000
Robin Forman	Senior VP for Academic Affairs and Provost	40	Officer	$947,000	$57,000	$1,004,000
Virginia Wise	Senior VP for Advancement	40	Officer	$748,000	$125,000	$873,000
Victoria Johnson	General Counsel	40	Officer	$733,000	$50,000	$783,000
Elizabeth Brown-Aigeldinger	Secretary of the University	40	Officer	$573,000	$60,000	$633,000
Ian Morrison	Vice President of Public Relations and Chief Communications Officer	40	Officer	$419,000	$67,000	$486,000
Shawn Abbott	Vice President of Enrollment Management	40	Officer	$473,000	$9,000	$482,000
Jonathan Small	Vice President of Human Resources and Institutional Equity	40	Officer	$359,000	$57,000	$416,000
James Wandling	University Controller	40	Officer	$323,000	$46,000	$369,000
James Porter	Vice President Student Affairs	40	Officer	$204,000	$7,000	$211,000
Sarah Cunningham	Vice President, Student Affairs	40	Officer	$195,000	$4,000	$199,000
Dr Steven Paul	Voting Board Member	0	Director	$0	$0	$0
Donald Peters Jr	Voting Board Member	0	Director	$0	$0	$0
Irwin Simon	Voting Board Member	0	Director	$0	$0	$0
Ann Tenenbaum	Voting Board Member	0	Director	$0	$0	$0
Michael Corasaniti	Voting Board Member	0	Director	$0	$0	$0
Glenn Darden	Voting Board Member	0	Director	$0	$0	$0
Michelle Diener	Voting Board Member	0	Director	$0	$0	$0
Arnold Donald	Voting Board Member	0	Director	$0	$0	$0
Timothy Francis	Voting Board Member	0	Director	$0	$0	$0
Suzanne Grant	Voting Board Member	0	Director	$0	$0	$0
Lisa Jackson	Voting Board Member	0	Director	$0	$0	$0
Jennifer Kottler	Voting Board Member	0	Director	$0	$0	$0
Barry Malkin	Voting Board Member	0	Director	$0	$0	$0
William Marko	Voting Board Member	0	Director	$0	$0	$0
David Mussafer	Chair	0	Officer Director	$0	$0	$0
Elizabeth Alexander	Vice Chair	0	Officer Director	$0	$0	$0
Regina Benjamin	Voting Board Member	0	Director	$0	$0	$0
Richard Lerner	Voting Board Member	0	Director	$0	$0	$0
Martha Murphy	Voting Board Member	0	Director	$0	$0	$0
Mark Tipton	Voting Board Member	0	Director	$0	$0	$0
Dr Trivia Frazier	Voting Board Member	0	Director	$0	$0	$0
Kim Boyle	Voting Board Member	0	Director	$0	$0	$0
Michael Rubenstein	Voting Board Member	0	Director	$0	$0	$0
Kate Williamson	Voting Board Member	0	Director	$0	$0	$0
David Zhang	Voting Board Member	0	Director	$0	$0	$0
Jeffrey B Goldring	Voting Board Member	0	Director	$0	$0	$0
Carol Bernick	Voting Board Member	0	Director	$0	$0	$0
Albert Small Jr	Vice Chair	0	Officer Director	$0	$0	$0
Shannon Acks	Voting Board Member	0	Director	$0	$0	$0
J David Barksdale	Voting Board Member	0	Director	$0	$0	$0
Christopher Britt	Voting Board Member	0	Director	$0	$0	$0
Marcus Brown	Voting Board Member	0	Director	$0	$0	$0
Mark A Fogelman	Voting Board Member	0	Director	$0	$0	$0
Thomas E Jorden	Voting Board Member	0	Director	$0	$0	$0
Dennis Lauscha	Voting Board Member	0	Director	$0	$0	$0
Rick S Rees	Voting Board Member	0	Director	$0	$0	$0
E Pierce Marshall Jr	Voting Board Member	0	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	$1,943,508,000	$1,755,227,000	$4,622,624,000	$188,281,000
2024	No data	No data	No data	No data
2023	$1,674,159,000	$1,529,244,000	$3,962,345,000	$144,915,000
2022	$1,639,844,000	$1,453,849,000	$3,709,652,000	$185,995,000
2021	$1,554,442,000	$1,341,620,000	$3,555,238,000	$212,822,000
2020	$1,346,494,000	$1,264,104,000	$2,839,325,000	$82,390,000
2019	$1,331,943,000	$1,204,927,000	$2,730,661,000	$127,016,000
2018	$1,237,288,000	$1,155,166,000	$2,674,477,000	$82,122,000

THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND