ADAMS STATE UNIVERSITY FOUNDATION INC (EIN 846027518) - 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

1962

Legal Domicile

Phone

7195877121

Tax Period

2023-07-01 to 2024-06-30

ADAMS STATE UNIVERSITY FOUNDATION INC, founded in 1962, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 66% operating margin.

Mission

THE ADAMS STATE UNIVERSITY FOUNDATION EXISTS TO PROMOTE AND FURTHER THE INTERESTS, OBJECTIVES AND PURPOSES OF THE UNIVERSITY; TO SEEK AND RECEIVE GIFTS, LEGACIES AND GRANTS OF MONEY OR PROPERTY AND TO ADMINISTER SUCH FOR THE BENEFIT OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,797,250

Program Service Revenue $0

Investment Income $1,269,547

Other Revenue $0

TOTAL REVENUE $8,066,797

Expense Breakdown

Grants Paid $2,051,958

Salaries & Benefits $0

Fundraising Expenses $400,615

Program Expenses $2,217,401

Other Expenses $702,135

TOTAL EXPENSES $2,754,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,066,797	$2,962,500	+1.7%
Expenses	$2,754,093	$2,584,111	+0.1%
Net Income	$5,312,704	$378,389	+13.0%

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

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

$78,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY LOPEZ	Executive Direc	40.00	Officer	$0	$24,205	$78,904
FRED BUNCH	BOARD MEMBER	0.25	Director	$0	$0	$0
JOE MARTINEZ	Vice President	0.25	Officer Director	$0	$0	$0
KIM MARVEL	BOARD MEMBER	0.25	Director	$0	$0	$0
KEITH CERNY	BOARD MEMBER	0.25	Director	$0	$0	$0
CHUCK HOUSER	BOARD MEMBER	0.25	Director	$0	$0	$0
ED CROWTHER	President	5.00	Officer Director	$0	$0	$0
BUFFIE McFADYEN	BOARD MEMBER	0.25	Director	$0	$0	$0
WILLIAM RAKOW	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIFER CHAVEZ	BOARD MEMBER	0.25	Director	$0	$0	$0
JOSHUA CODY	BOARD MEMBER	0.25	Director	$0	$0	$0
JESSE TORRES	BOARD MEMBER	0.25	Director	$0	$0	$0
RICHARD SCANGA	BOARD MEMBER	0.25	Director	$0	$0	$0
ED ORTEGA	BOARD MEMBER	0.25	Director	$0	$0	$0
CHERYL SCHROEDER	SEC/TREASURER	0.25	Officer Director	$0	$0	$0
TYREE WALTON	BOARD MEMBER	0.25	Director	$0	$0	$0
RON HOWARD	BOARD MEMBER	0.25	Director	$0	$0	$0
DOROTHY LUCERO	BOARD MEMBER	0.25	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
2025	No data	No data	No data	No data
2024	$8,066,797	$2,754,093	$38,478,754	$5,312,704
2023	$2,962,500	$2,584,111	$29,975,684	$378,389
2022	$4,294,888	$2,640,015	$27,757,984	$1,654,873
2021	$5,663,085	$2,294,097	$31,147,861	$3,368,988
2020	$3,421,304	$2,584,233	$24,585,513	$837,071
2019	$3,378,625	$2,400,220	$23,547,078	$978,405
2018	$2,968,354	$2,053,797	$22,257,620	$914,557

ADAMS STATE UNIVERSITY FOUNDATION INC