ANGELO STATE UNIVERSITY FOUNDATION INC (EIN 751585285) - 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

1977

Legal Domicile

Phone

3259422017

Tax Period

2023-09-01 to 2024-08-31

ANGELO STATE UNIVERSITY FOUNDATION INC, founded in 1977, is a mid-sized nonprofit in the Education sector that reported $13.3M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.6M, a strong 35% operating margin.

Mission

THE ANGELO STATE UNIVERSITY FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY POSITIONING ASU AS AN INSTITUTION OF DISTINCTION; RAISING GIFTS AND ENDOWMENT FUNDS ON BEHALF OF THE UNIVERSITY; STEWARDSHIP OF FUNDS, CARING FOR DONORS, AND REPORTING ON GIFTS AND ENDOWMENTS; WORKING CLOSELY WITH THE BOARD OF REGENTS AND THE UNIVERSITY ADMINISTRATION AND REPORTING ON GIFTS AND ENDOWMENT; AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOLS, AND PROGRAMS OF ASU.

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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 $12,320,047

Program Service Revenue $0

Investment Income $225,427

Other Revenue $728,215

TOTAL REVENUE $13,273,689

Expense Breakdown

Grants Paid $7,748,060

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,064,762

Other Expenses $885,766

TOTAL EXPENSES $8,633,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,273,689	$17,432,484	-0.2%
Expenses	$8,633,826	$15,156,179	-0.4%
Net Income	$4,639,863	$2,276,305	+1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BROOKS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILL WELCH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TROYCE WILCOX	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JIMMY BARTON	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR CASILLAS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CONAWAY	DIRECTOR	1.00	Director	$0	$0	$0
SHARANDA EL-MASRI	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GANDY	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN HARTJE	DIRECTOR	1.00	Director	$0	$0	$0
BOB LEGRAND	DIRECTOR	1.00	Director	$0	$0	$0
HECTOR LEOS	DIRECTOR	1.00	Director	$0	$0	$0
LLOYD NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT REYES	DIRECTOR	1.00	Director	$0	$0	$0
JILL VOSBURG	DIRECTOR	1.00	Director	$0	$0	$0
JEROD WHITE	DIRECTOR	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
2024	$13,273,689	$8,633,826	$48,763,723	$4,639,863
2023	$17,432,484	$15,156,179	$41,498,889	$2,276,305
2022	$15,586,420	$9,986,795	$39,498,493	$5,599,625
2021	$13,132,707	$16,407,776	$35,914,777	$-3,275,069
2020	$8,755,582	$5,864,797	$33,794,261	$2,890,785
2019	$13,063,222	$7,618,032	$31,941,584	$5,445,190
2018	$8,420,003	$7,503,674	$27,854,743	$916,329

ANGELO STATE UNIVERSITY FOUNDATION INC