MCMURRY UNIVERSITY

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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

1923

Legal Domicile

Principal Officer

DR LYNNE MURRAY

Phone

3257933821

Tax Period

2024-06-01 to 2025-05-31

MCMURRY UNIVERSITY, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $72.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $62.3M left a modest 14% surplus.

Mission

SHAPED BY CHRISTIAN PRINCIPLES, MCMURRY UNIVERSITY CHALLENGES STUDENTS TO EXAMINE OUR COMPLEX WORLD FROM MULTIPLE PERSPECTIVES IN PREPARATION FOR LIVES OF LEADERSHIP, SERVICE AND PROFESSIONAL SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $34,631,598 Revenue: $35,044,889

MCMURRY UNIVERSITY WAS FOUNDED IN 1923 BY THE UNITED METHODIST CHURCH. THE UNIVERSITY CHALLENGED STUDENTS TO GROW ACADEMICALLY AND SOCIALLY WITH 66 ACADEMIC MAJORS AND 66 ACADEMIC, SOCIAL AND SERVICE ORGANIZATIONS. ALSO OFFERED TO OUR APPROXIMATELY 3,175 RACIALLY AND ETHNICALLY DIVERSE STUDENTS, ARE PROFESSIONAL PREPARATION PROGRAMS IN ATHLETIC TRAINING, ENGINEERING, ALLIED HEALTH, DENTISTRY, MEDICINE, NURSING, OCCUPATIONAL THERAPY, PHARMACY, PHYSICAL THERAPY, VETERINARY MEDICINE, LAW, AND MINISTRY ALONG WITH A MASTERS OF ACCOUNTANCY AND A MASTERS OF SCIENCE IN NURSING IN EDUCATION OR FAMILY NURSE PRACTITIONER. THE UNIVERSITY IS PROUD TO OFFER A LOW STUDENT TO FACULTY RATIO OF 16 TO 1, AVERAGE CLASS SIZE OF 14 AND DOES NOT USE TEACHING ASSISTANTS IN THE CLASSROOMS. STUDENTS CAN EXPLORE INTERNATIONAL CULTURE BY PARTICIPATING IN AN ACTIVE NATIONAL AND INTERNATIONAL MODEL UN PROGRAM AND ANNUAL TRAVEL ABROAD EDUCATIONAL PROGRAMS. ALSO AVAILABLE TO STUDENTS IS A STUDENT-RUN ART GALLERY AND ARTWORK OWNED BY THE UNIVERSITY APPRAISED AT $164K. THE SCHOOL OF BUSINESS HAS RECENTLY RECEIVED A TEN MILLION DOLLAR ENDOWMENT AND BUSINESS STUDENTS AT MCMURRY CAN PARTICIPATE IN MANAGING A ONE MILLION DOLLAR INVESTMENT FUND.

Program 2

Expenses: $10,357,122 Revenue: $6,258,308

IN ADDITION TO EDUCATING STUDENTS, THE UNIVERSITY OFFERS ON CAMPUS HOUSING AND DINING SERVICES AS AUXILIARY SERVICES. DINING OPTIONS INCLUDE THREE ROBUST MEAL PLANS OFFERING STUDENTS COOK TO ORDER...

IN ADDITION TO EDUCATING STUDENTS, THE UNIVERSITY OFFERS ON CAMPUS HOUSING AND DINING SERVICES AS AUXILIARY SERVICES. DINING OPTIONS INCLUDE THREE ROBUST MEAL PLANS OFFERING STUDENTS COOK TO ORDER MENU ITEMS, VARIOUS COMMUTER PLANS AND THREE RETAIL OPTIONS.

Program 3

Expenses: $5,238,786 Revenue: $153,712

THE UNIVERSITY PROVIDES STUDENT SERVICES THROUGH HEALTH AND WELLNESS, CAREER SERVICES, RELIGION AND SPIRITUAL LIFE, SOCIAL CLUBS, ACADEMIC SUCCESS AND STUDENT LIFE EXPERIENCES.

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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 $25,641,612

Program Service Revenue $41,456,909

Investment Income $5,174,422

Other Revenue $575,428

TOTAL REVENUE $72,848,371

Expense Breakdown

Grants Paid $19,889,221

Salaries & Benefits $19,245,180

Fundraising Expenses $1,016,908

Program Expenses $52,374,575

Other Expenses $23,162,671

TOTAL EXPENSES $62,346,022

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,848,371	$55,179,538	+0.3%
Expenses	$62,346,022	$54,629,986	+0.1%
Net Income	$10,502,349	$549,552	+18.1%

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

644

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

$1,302,387

Total Directors

$354,033

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA HARPER	PRESIDENT (PART YEAR)	60.00	Officer Director	$330,421	$23,612	$354,033
LYNNE MURRAY	PRESIDENT	60.00	Officer Director	$0	$0	$0
KATHI EDWARDS	CHAIRPERSON OF THE BOARD	25.00	Officer Director	$0	$0	$0
DAVID BAILEY	BOARD CHAIR ELECT/1ST VICE CHAIR	10.00	Officer Director	$0	$0	$0
KAY YOUNGGREN LAUDERMAN	AUDIT CHAIR/BOARD SECRETARY	3.50	Officer Director	$0	$0	$0
RUSSELL HALL	2ND VICE CHAIR INSTITUTIONAL OVERSIGHT COMMITTEE C	2.00	Officer Director	$0	$0	$0
CARL HUBBARD	TREASURER & FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
REV FELICIA HOPKINS	TRUSTEE	7.00	Director	$0	$0	$0
JOHN HENDRICK	INVESTMENT CHAIR	5.00	Director	$0	$0	$0
DR KENNETH WHEELER	AABOD PRESIDENT	3.00	Director	$0	$0	$0
ELAINE HARMON	TRUSTEE	2.00	Director	$0	$0	$0
YVONNE BATTS	VICE CHAIR FOR STUDENT AFFAIRS	2.00	Director	$0	$0	$0
REV RICHARD EDWARDS	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK FALLON	TRUSTEE	2.00	Director	$0	$0	$0
AUSTIN PITTMAN	BOT TASK FORCE FOR STRATEGIC PLANNING, COMPREHENSI	2.00	Director	$0	$0	$0
CINDY ALLEN	INSTITUTIONAL ADVANCEMENT CHAIR	1.00	Director	$0	$0	$0
DR SANDY MADDOX	CAMPUS OVERSIGHT CHAIR	1.00	Director	$0	$0	$0
BISHOP JAMES NUNN	TRUSTEESHIP CHAIR	1.00	Director	$0	$0	$0
TOM LONG	TRUSTEE	1.00	Director	$0	$0	$0
CARL CHILDERS	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA ARIAS HOWELL	TRUSTEE	1.00	Director	$0	$0	$0
BILLY JOE JAY	TRUSTEE	1.00	Director	$0	$0	$0
HOPE PAMPLIN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD HARRISON	UNIVERSITY CHAPLAIN	40.00	Officer	$69,468	$10,755	$80,223
ROBIN DANIELS	VP OF MARKETING (PART YEAR)	40.00	Officer	$91,083	$12,344	$103,427
MATT DRAUD	VPAA & DEAN OF THE FACULTY (PART YEAR)	40.00	Officer	$90,804	$8,109	$98,913
GRANT GREENWOOD	VP ENROLLMENT MANAGEMENT	40.00	Officer	$171,036	$15,465	$186,501
MIKE HUTCHISON	VPIA	40.00	Officer	$181,638	$72,438	$254,076
TINA SCHUELLER	INTERIM VPFA	40.00	Officer	$109,457	$5,154	$114,611
CINDY MARTIN	INTERIM VPAA & DEAN OF FACULTY	40.00	Officer	$98,050	$12,553	$110,603
DONALYN ALEXANDER	DEAN OF NURSING	40.00	Highest	$150,718	$5,694	$156,412
DR FRANK BADUA	PROFESSOR - ACCOUNTING	40.00	Highest	$140,037	$27,898	$167,935
GEOFF HANEY	DEAN JOHNSON SCHOOL OF BUSINESS	40.00	Highest	$137,846	$16,445	$154,291
MARCIA STRAUGHN	PROFESSOR - NURSING/ASSOC DEAN SCHOOL OF NURSING	40.00	Highest	$121,011	$4,555	$125,566
PAT LAPOINTE	PROFESSOR - MANAGEMENT	40.00	Highest	$108,039	$1,938	$109,977
LISA WILLIAMS	FORMER VPFA/COS	0.00		$131,094	$14,447	$145,541

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	$72,848,371	$62,346,022	$206,064,680	$10,502,349
2024	$55,179,538	$54,629,986	$193,344,150	$549,552
2023	$54,954,600	$47,431,282	$177,249,234	$7,523,318
2022	$53,294,386	$47,326,959	$155,891,753	$5,967,427
2021	$40,708,664	$40,278,477	$158,972,341	$430,187
2020	$40,043,252	$40,241,262	$140,871,386	$-198,010
2019	$38,247,128	$37,353,531	$135,810,396	$893,597