TARLETON STATE UNIVERSITY FOUNDATION

EIN: 752331886 501(c)(3) Education

STEPHENVILLE, TX

Total Revenue
$14,122,017
Total Expenses
$6,353,498
Total Assets
$60,617,916
Net Assets
$54,455,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
TX
Principal Officer
MARK MCKENZIE
Phone
2549689421
Tax Period
2023-09-01 to 2024-08-31

TARLETON STATE UNIVERSITY FOUNDATION, founded in 1978, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $7.8M, a strong 55% operating margin.

Mission

FINANCIAL SUPPORT FOR TARLETON STATE UNIVERSITY AND SCHOLARSHIPS FOR STUDENTS ATTENDING THE 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 (2023)

Revenue Breakdown

Contributions & Grants $11,607,506
Program Service Revenue $0
Investment Income $2,402,016
Other Revenue $112,495
TOTAL REVENUE $14,122,017

Expense Breakdown

Grants Paid $5,156,810
Salaries & Benefits $59,995
Fundraising Expenses $0
Program Expenses $5,156,810
Other Expenses $1,136,693
TOTAL EXPENSES $6,353,498

Year-over-Year Comparison

2023 2022 Change
Revenue $14,122,017 $15,008,266 -0.1%
Expenses $6,353,498 $3,695,156 +0.7%
Net Income $7,768,519 $11,313,110 -0.3%
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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Governance

Voting Members
22
Independent Members
22
Employees
1
Volunteers
24

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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN BIERSCHWALE TREASURER 2.00
Officer Director
$0 $0 $0
ALICEANNE BROWN MEMBER 1.00
Director
$0 $0 $0
LORILEI BUTLER MEMBER 1.00
Director
$0 $0 $0
DR STAN CARPENTER SECRETARY 2.00
Officer Director
$0 $0 $0
ROCKY HARDIN MEMBER 1.00
Director
$0 $0 $0
JUSTIN HASCHKE MEMBER 1.00
Director
$0 $0 $0
RANDY HINES MEMBER 1.00
Director
$0 $0 $0
JC JOHNSON MEMBER 1.00
Director
$0 $0 $0
KRISTI KENNEDY MEMBER 1.00
Director
$0 $0 $0
KIMBERLY LEAVERTON MEMBER 1.00
Director
$0 $0 $0
KADE MACHEN MEMBER 1.00
Director
$0 $0 $0
PAULA MATZEN MEMBER 1.00
Director
$0 $0 $0
DAN MCCOY MEMBER 1.00
Director
$0 $0 $0
MARK MCKENZIE PRESIDENT 2.00
Officer Director
$0 $0 $0
TERRY MILLER MEMBER 1.00
Director
$0 $0 $0
DR JANIS PETRONIS MEMBER 1.00
Director
$0 $0 $0
DR ALFI PINO VICE PRESIDE 2.00
Officer Director
$0 $0 $0
STEVEN RANLY MEMBER 1.00
Director
$0 $0 $0
THERON TALLEY MEMBER 1.00
Director
$0 $0 $0
NANCY TURLEY MEMBER 1.00
Director
$0 $0 $0
REGGIE UNDERWOOD MEMBER 1.00
Director
$0 $0 $0
HADLEY WOERNER MEMBER 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 $14,122,017 $6,353,498 $60,617,916 $7,768,519
2023 $15,008,266 $3,695,156 $47,637,572 $11,313,110
2022 $4,426,696 $1,626,111 $28,820,502 $2,800,585
2021 $4,927,812 $1,197,293 $32,307,359 $3,730,519
2020 $2,620,723 $1,202,896 $24,256,966 $1,417,827
2019 $1,918,432 $1,101,886 $22,012,876 $816,546
2018 $2,348,154 $974,572 $21,196,669 $1,373,582
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