The MSU Charitable Trust (EIN 756385513) - 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

1989

Legal Domicile

Principal Officer

Kelly Smith

Phone

9403972371

Tax Period

2020-09-01 to 2021-08-31

The MSU Charitable Trust, founded in 1989, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2020. Revenue surged 1351% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 45% operating margin.

Mission

The trust is operated for the exclusive support of Midwestern State University. The trust allows the university to meet special needs which may not be supported through appropriation from the state of Texas.

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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 (2020)

Revenue Breakdown

Contributions & Grants $21,155

Program Service Revenue $0

Investment Income $4,452,619

Other Revenue $0

TOTAL REVENUE $4,473,774

Expense Breakdown

Grants Paid $2,161,633

Salaries & Benefits $217,418

Fundraising Expenses $0

Program Expenses $2,161,633

Other Expenses $69,389

TOTAL EXPENSES $2,448,440

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,473,774	$308,369	+13.5%
Expenses	$2,448,440	$1,157,839	+1.1%
Net Income	$2,025,334	$-849,470	-3.4%

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

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

Total Directors

$296,933

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay P Yeager	Trustee	1.00	Director	$0	$0	$0
Erwin Davenport	Trustee	1.00	Director	$0	$0	$0
Mac Cannedy	Trustee	1.00	Director	$0	$0	$0
Warren Ayres	Trustee	1.00	Director	$0	$0	$0
Martha Fain	Trustee	1.00	Director	$0	$0	$0
Caven Crosnoe	Trustee	1.00	Director	$0	$0	$0
Suzanne Shipley	Trustee	1.00	Director	$0	$0	$296,933
N/A	Trustee	5.00		$217,418	$0	$217,418

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
2021	$4,473,774	$2,448,440	No data	$2,025,334
2020	$308,369	$1,157,839	$24,903,732	$-849,470

The MSU Charitable Trust