SOUTHERN NAZARENE UNIVERSITY (EIN 730587210) - 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

1959

Legal Domicile

Principal Officer

GARY CUMMINGS

Phone

4054916326

Tax Period

2023-07-01 to 2024-06-30

SOUTHERN NAZARENE UNIVERSITY, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $64.9M in total revenue in fiscal year 2023. Expenses of $71.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO MAKE CHRISTLIKE DISCIPLES THROUGH HIGHER EDUCATION IN CHRIST-CENTERED COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,784,216

Program Service Revenue $55,369,841

Investment Income $-159,391

Other Revenue $871,416

TOTAL REVENUE $64,866,082

Expense Breakdown

Grants Paid $16,661,249

Salaries & Benefits $24,075,633

Fundraising Expenses $957,934

Program Expenses $55,340,544

Other Expenses $30,898,266

TOTAL EXPENSES $71,635,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,866,082	$62,857,791	+0.0%
Expenses	$71,635,148	$72,277,538	0.0%
Net Income	$-6,769,066	$-9,419,747	-0.3%

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

1161

Volunteers

300

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

$337,285

Total Directors

$289,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR KEITH NEWMAN	UNIVERSITY PRESIDENT	40.00	Officer Director	$219,621	$69,766	$289,387
RYAN AMEY	BOARD MEMBER	1.00	Director	$0	$0	$0
HEIDI BABIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BOND	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSIE BUSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
CURTIS CLEMENTS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CORNELIUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CRAIG	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL CROUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
TABITHA DANLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN DONOVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DOWNS	BOARD MEMBER	1.00	Director	$0	$0	$0
JR EMRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK FOUNTAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH FRANKLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID FREES	BOARD MEMBER	1.00	Director	$0	$0	$0
BEVERLY GENTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
CB GLIDDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK HARVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DENIA HERRERA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JANKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA KYZER-RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LANCASTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MYRNA LATHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LINDSTROM	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNY MARCHANT	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MARCHANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW MARSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS MEDLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MCKELLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
TONI MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SIDNEY MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH PARDUE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL PAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PIGG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK RAMSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP RUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
HUNTER THRASHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM THORNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERNEST TREVINO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVEN WENTWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN WIESINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WHITSETT	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY CUMMINGS	VP FOR BUSINESS AND FINANCE	40.00	Officer	$38,023	$9,875	$47,898
DR MARK WINSLOW	SENIOR VP AND CHIEF ACADEMIC OFFICER	40.00	Highest	$111,134	$14,453	$125,587
DR MIKE REDWINE	EXECUTIVE VICE PRESIDENT	40.00	Highest	$107,923	$23,976	$131,899

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	No data	No data	No data	No data
2024	$64,866,082	$71,635,148	$114,285,569	$-6,769,066
2023	$62,857,791	$72,277,538	$112,591,587	$-9,419,747
2022	$74,735,048	$69,692,413	$121,775,011	$5,042,635
2021	$68,249,636	$63,507,837	$123,009,250	$4,741,799
2020	$64,787,489	$63,726,342	$119,146,450	$1,061,147
2019	$67,213,945	$65,888,421	$116,980,787	$1,325,524
2018	$62,062,274	$61,816,144	$115,148,605	$246,130

SOUTHERN NAZARENE UNIVERSITY