SOUTHERN NAZARENE UNIVERSITY FOUNDATION (EIN 731293682) - 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

1986

Legal Domicile

Principal Officer

PHIL WHITE

Phone

4054916326

Tax Period

2022-07-01 to 2023-06-30

SOUTHERN NAZARENE UNIVERSITY FOUNDATION, founded in 1986, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $2.0M left a modest 12% surplus.

Mission

THE FOUNDATION SUPPORTS SOUTHERN NAZARENE UNIVERSITY, A 501(C)(3) ENTITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,097,931

Program Service Revenue $247,092

Investment Income $934,886

Other Revenue $0

TOTAL REVENUE $2,279,909

Expense Breakdown

Grants Paid $1,418,406

Salaries & Benefits $0

Fundraising Expenses $171,210

Program Expenses $1,418,406

Other Expenses $582,441

TOTAL EXPENSES $2,000,847

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,279,909	$2,471,000	-0.1%
Expenses	$2,000,847	$1,893,800	+0.1%
Net Income	$279,062	$577,200	-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

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

$376,035

Total Directors

$376,035

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH NEWMAN	UNIVERSITY PRESIDENT	1.00	Officer Director	$0	$71,803	$272,522
PHIL WHITE	TREASURER	1.00	Officer Director	$0	$18,030	$103,513
TONI MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JR EMRICH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMARA BURG	BOARD MEMBER	1.00	Director	$0	$0	$0
JON CARGILL	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY CUMMINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUD CYPERT	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL DILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG EATON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE EATON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK FOUNTAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LOREN GRESHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES HOLLOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MYRNA LATHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL LINDQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNY MARCHANT	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY MORSCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MOSELEY	BOARD MEMBER	1.00	Director	$0	$0	$0
C WAYNE RICE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY ROWLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES RUDD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SHOWALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WILLIAMS	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,279,909	$2,000,847	$34,841,769	$279,062
2022	$2,471,000	$1,893,800	$32,765,074	$577,200
2021	$3,428,035	$2,645,181	$35,539,557	$782,854
2020	$2,036,600	$1,492,641	$28,232,611	$543,959
2019	$1,130,427	$1,620,650	$27,471,700	$-490,223
2018	$2,390,473	$1,717,873	$30,584,201	$672,600

SOUTHERN NAZARENE UNIVERSITY FOUNDATION