Phillips University Legacy Foundation (EIN 731585868) - 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

2000

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Phillips University Legacy Foundation, founded in 2000, is a small nonprofit in the Education sector that reported $686K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $658K left a modest 4% surplus.

Mission

The mission of Phillips University Legacy Foundation is to develop leaders who will transform the world by providing leadership development and scholarships that honor the legacy of Phillips University while making education more accessible, affordable and transformative.

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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 $399,484

Program Service Revenue $1,043

Investment Income $119,087

Other Revenue $166,624

TOTAL REVENUE $686,238

Expense Breakdown

Grants Paid $164,934

Salaries & Benefits $300,622

Fundraising Expenses $87,728

Program Expenses $404,956

Other Expenses $191,999

TOTAL EXPENSES $657,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$686,238	$618,493	+0.1%
Expenses	$657,555	$664,820	0.0%
Net Income	$28,683	$-46,327	-1.6%

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

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
Angela Kaufman	Executive Director	40.00	Highest	$101,100	$0	$101,100
Sheri Clark Jackson	Director	1.00	Director	$0	$0	$0
Rick Hendricks	Director	1.00	Director	$0	$0	$0
Catherine Quinlan	Director	1.00	Director	$0	$0	$0
Nancy Nicholson Phillips	Director	1.00	Director	$0	$0	$0
David Gray	Director	1.00	Director	$0	$0	$0
Alexis Gammon	Director	1.00	Director	$0	$0	$0
Richard Books	Director	2.00	Director	$0	$0	$0
Kirby Hughes Gould	Director	1.00	Director	$0	$0	$0
Cassie Sexton-Riggs	Secretary	2.00	Officer Director	$0	$0	$0
Charlette Gallagher-Allred	Vice-President	3.00	Officer Director	$0	$0	$0
Mark Gillett	President	5.00	Officer Director	$0	$0	$0
Mark Pumphrey	Treasurer	2.00	Officer 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	$686,238	$657,555	$5,303,358	$28,683
2023	$618,493	$664,820	$4,963,370	$-46,327
2022	$672,302	$605,946	$4,882,061	$66,356
2021	$3,481,744	$534,761	$5,438,596	$2,946,983
2020	$432,730	$446,061	$1,864,926	$-13,331
2019	$739,899	$333,475	$1,937,113	$406,424
2018	$496,346	$425,946	$1,642,487	$70,400

Phillips University Legacy Foundation