AMBERTON UNIVERSITY

EIN: 751786007 501(c)(3) Education

Garland, TX

Total Revenue
$9,946,466
Total Expenses
$7,530,901
Total Assets
$70,387,343
Net Assets
$69,365,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
TX
Principal Officer
Dr Carol A Palmer
Phone
9722796511
Tax Period
2024-06-01 to 2025-05-31

AMBERTON UNIVERSITY, founded in 1971, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 24% operating margin.

Mission

Amberton University provides educational opportunities to approximately 1000 adult students each session. Course of studies can lead to Bachelor and/or Master degrees. The University is nationally accredited.

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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 $0
Program Service Revenue $5,546,099
Investment Income $4,400,367
Other Revenue $0
TOTAL REVENUE $9,946,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,753,357
Fundraising Expenses $0
Program Expenses $4,732,090
Other Expenses $2,777,544
TOTAL EXPENSES $7,530,901

Year-over-Year Comparison

2024 2023 Change
Revenue $9,946,466 $8,318,577 +0.2%
Expenses $7,530,901 $7,452,680 +0.0%
Net Income $2,415,565 $865,897 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
94
Volunteers
N/A

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
0
$0
Total Directors
0
$0
Key Employees
4
$728,931
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol Palmer President 40
Key Emp
$185,000 $32,889 $217,889
Brent Bradshaw Vice President for Administrative Services 40
Key Emp
$165,000 $46,006 $211,006
Jo Lynn Loyd Vice President for Strategic Services 40
Key Emp
$139,500 $41,180 $180,680
Ronald Darnell Professor 40
Highest
$128,750 $19,473 $148,223
Paul Burton Vice President for Academic Services 40
Key Emp
$101,500 $17,856 $119,356
McKinley Johnson Professor 40
Highest
$101,250 $17,823 $119,073
Wendell Stewart Trustee 0
$0 $0 $0
Richard Christian Trustee 0
$0 $0 $0
Beverly Ritz Trustee 0
$0 $0 $0
Jo Schoonover Trustee 0
$0 $0 $0
William George Trustee 0
$0 $0 $0
Kristen Dye Trustee 0
$0 $0 $0
Mark Parsons Trustee 0
$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 $9,946,466 $7,530,901 $70,387,343 $2,415,565
2024 $8,318,577 $7,452,680 $65,818,850 $865,897
2023 $7,842,912 $6,593,663 $59,361,883 $1,249,249
2022 $9,173,181 $6,736,306 $60,380,717 $2,436,875
2021 $9,081,709 $6,656,912 $63,001,178 $2,424,797
2020 $8,240,822 $6,821,784 $55,886,395 $1,419,038
2019 $8,964,149 $6,767,819 $53,291,186 $2,196,330
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