TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION

EIN: 741982979 501(c)(3) Education

SAN MARCOS, TX

Total Revenue
$18,867,222
Total Expenses
$7,085,627
Total Assets
$145,219,396
Net Assets
$144,395,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
TX
Principal Officer
BROOKS HULL
Phone
5122453860
Tax Period
2024-07-01 to 2025-06-30

TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $18.9M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.8M, a strong 62% operating margin.

Mission

TO SUPPORT AND FURTHER THE MISSION OF TEXAS STATE UNIVERSITY THROUGH THE ACCEPTANCE AND INVESTMENT OF GIFTS ESTABLISHED AS ENDOWMENTS BENEFITING THE STUDENTS, FACULTY AND STAFF.

Program Service Accomplishments

Program 1
Expenses: $5,720,683

THE ORGANIZATION INVESTS AND ADMINISTERS FUNDS, CONDUCTS DEVELOPMENT EFFORTS AND WORKS WITH GROUPS WHICH EXPRESS AN INTEREST IN FUND-RAISING EFFORTS, ALL FOR THE BENEFIT OF TEXAS STATE UNIVERSITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,884,221
Program Service Revenue $0
Investment Income $11,923,485
Other Revenue $59,516
TOTAL REVENUE $18,867,222

Expense Breakdown

Grants Paid $5,720,683
Salaries & Benefits $0
Fundraising Expenses $588,384
Program Expenses $5,720,683
Other Expenses $1,284,451
TOTAL EXPENSES $7,085,627

Year-over-Year Comparison

2024 2023 Change
Revenue $18,867,222 $10,969,793 +0.7%
Expenses $7,085,627 $6,261,073 +0.1%
Net Income $11,781,595 $4,708,720 +1.5%
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

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Governance

Voting Members
54
Independent Members
54
Employees
N/A
Volunteers
32

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
11
$0
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER MITCHELL CHAIR 0.30
Officer Director
$0 $0 $0
MICHAL WAECHTER VICE CHAIR 0.30
Officer Director
$0 $0 $0
VENTON LEE DOUGHTIE III TREASURER 0.30
Officer Director
$0 $0 $0
VILMA LUNA SECRETARY 0.30
Officer Director
$0 $0 $0
BRAD NATIONS BOARD DEVELOPMENT CHAIR 0.30
Officer Director
$0 $0 $0
ANDRAE TURNER AUDIT & FINANCE COMMITTEE CHAIR 0.30
Officer Director
$0 $0 $0
STEVEN HARVEY INVESTMENT COMMITTEE CHAIR 0.30
Officer Director
$0 $0 $0
RONNYE COWELL PAST CHAIR 0.30
Officer Director
$0 $0 $0
JUSTIN APPERSON BOARD MEMBER 0.30
Director
$0 $0 $0
VIRGINIA BARLOW MD BOARD MEMBER 0.30
Director
$0 $0 $0
MATTHEW MATT CAIRE BOARD MEMBER 0.30
Director
$0 $0 $0
JODI EDGAR BOARD MEMBER 0.30
Director
$0 $0 $0
LESLIE FOSSLER BOARD MEMBER 0.30
Director
$0 $0 $0
BRIAN FRANCIS BOARD MEMBER 0.30
Director
$0 $0 $0
RICHARD GARCIA BOARD MEMBER 0.30
Director
$0 $0 $0
SERGIO SERGE GARCIA PHD BOARD MEMBER 0.30
Director
$0 $0 $0
SUSAN GARCIA BOARD MEMBER 0.30
Director
$0 $0 $0
BRYAN GATES BOARD MEMBER 0.30
Director
$0 $0 $0
ERNEST JAY HORN BOARD MEMBER 0.30
Director
$0 $0 $0
PAMELA PAM HUEWITT BOARD MEMBER 0.30
Director
$0 $0 $0
CARRIE HURT BOARD MEMBER 0.30
Director
$0 $0 $0
STEPHEN STEVE ISON BOARD DEVELOPMENT VICE CHAIR 0.30
Director
$0 $0 $0
DAUPHEN JACKSON BOARD MEMBER 0.30
Director
$0 $0 $0
JAY JANECEK BOARD MEMBER 0.30
Director
$0 $0 $0
ALEX KAKHNOVETS BOARD MEMBER 0.30
Director
$0 $0 $0
DONALD DON KINNETT BOARD MEMBER 0.30
Director
$0 $0 $0
ADAM LAUBACH BOARD MEMBER 0.30
Director
$0 $0 $0
CHRISTINA LUNA BOARD MEMBER 0.30
Director
$0 $0 $0
ALAN MANN BOARD MEMBER 0.30
Director
$0 $0 $0
WESLEY MELCHER BOARD MEMBER 0.30
Director
$0 $0 $0
JONATHAN NELSON BOARD MEMBER 0.30
Director
$0 $0 $0
JON DAVID JD PEREZ BOARD MEMBER 0.30
Director
$0 $0 $0
ANTHONY TONY RIDOUT BOARD MEMBER 0.30
Director
$0 $0 $0
CHRISTIAN RUNDBERG BOARD MEMBER 0.30
Director
$0 $0 $0
KRISTIN SCHOLER BOARD MEMBER 0.30
Director
$0 $0 $0
WANDA SDAO BOARD MEMBER 0.30
Director
$0 $0 $0
ERNESTO SILVA BOARD MEMBER 0.30
Director
$0 $0 $0
MABEL SIMPSON BOARD MEMBER 0.30
Director
$0 $0 $0
BRUCE SMITH BOARD MEMBER 0.30
Director
$0 $0 $0
KAREN SOEFJE AUDIT & FINANCE VICE CHAIR 0.30
Director
$0 $0 $0
RAYMOND LANCE SPRUIELL BOARD MEMBER 0.30
Director
$0 $0 $0
PLINIO JOEY TREVINO BOARD MEMBER 0.30
Director
$0 $0 $0
JOHN TURNER BOARD MEMBER 0.30
Director
$0 $0 $0
GERARDO JERRY VILLEGAS BOARD MEMBER 0.30
Director
$0 $0 $0
BRADLEY WESTMORELAND BOARD MEMBER 0.30
Director
$0 $0 $0
PAMELA WILLS-WARD BOARD MEMBER 0.30
Director
$0 $0 $0
ELIZABETH NASH HONORARY LIFE MEMBERS 0.30
Director
$0 $0 $0
JAMES PENDERGAST JR HONORARY LIFE MEMBERS 0.30
Director
$0 $0 $0
DR KELLY DAMPHOUSSE PRESIDENT 0.30
Director
$0 $0 $0
DR PRANESH ASWATH PROVOST & EXECUTIVE VP 0.30
Director
$0 $0 $0
ERIC ALGOE EXECUTIVE VP FOR OPERATIONS/CFO 0.30
Director
$0 $0 $0
BROOKS HULL EXECUTIVE DIRECTOR 0.30
Officer
$0 $0 $0
TAMARA CORBIER MANAGING DIRECTOR 0.30
Officer
$0 $0 $0
AMY EMSHOFF BUSINESS MANAGER 0.30
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 $18,867,222 $7,085,627 $145,219,396 $11,781,595
2024 $10,969,793 $6,261,073 $130,143,929 $4,708,720
2023 $5,278,452 $5,956,991 $116,488,847 $-678,539
2022 $11,781,661 $5,285,170 $105,180,294 $6,496,491
2021 $5,486,356 $5,164,323 $120,378,278 $322,033
2020 $6,905,183 $6,337,915 $96,293,743 $567,268
2019 $11,389,550 $5,066,309 $95,818,670 $6,323,241
2018 $6,170,273 $4,825,881 $88,605,831 $1,344,392
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