CLEMSON ATHLETIC PROPERTIES COMPANY (EIN 871538054) - 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

2021

Legal Domicile

Principal Officer

MICHAEL T DRAKE

Phone

8646561873

Tax Period

2024-07-01 to 2025-06-30

CLEMSON ATHLETIC PROPERTIES COMPANY, founded in 2021, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO SERVE CLEMSON UNIVERSITY IN THE DEVELOPMENT, MAINTENANCE, PROTECTION, POLICING, AND COMMERCIALIZATION OF THE CLEMSON ATHLETICS BRAND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $88,250

Program Service Revenue $10,670,015

Investment Income $36,854

Other Revenue $171,208

TOTAL REVENUE $10,966,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,023,733

Fundraising Expenses $0

Program Expenses $9,364,545

Other Expenses $7,887,640

TOTAL EXPENSES $10,911,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,966,327	$8,696,337	+0.3%
Expenses	$10,911,373	$9,365,935	+0.2%
Net Income	$54,954	$-669,598	-1.1%

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

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

$333,045

Total Directors

$962,878

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVER LUCK	CHAIR	1.00	Officer Director	$0	$0	$0
LEE STAPLETON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL DEAN PERRY	TREASURER	1.00	Officer Director	$0	$0	$0
RETT RUTTLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
GRAHAM NEFF	EXECUTIVE DIRECTOR	1.00	Director	$0	$35,682	$962,878
KYLE CADDELL	PRESIDENT/CEO	37.50	Officer	$295,799	$37,246	$333,045
MICHAEL T DRAKE	PRESIDENT/CEO, FROM 02/01/25	37.50	Officer	$0	$0	$0
LUKE C EDWARDS	SR. VP CORP PS	37.50	Highest	$276,571	$30,460	$307,031
MATTHEW Q RYAN	SR. VP CORP PS	37.50	Highest	$289,599	$26,979	$316,578
WALTER M STEPHENSON	SR. VP CORP PS	37.50	Highest	$192,515	$33,411	$225,926
CHRISTOPHER P ZIEGLER	SR. VP CORP PS	37.50	Highest	$176,729	$15,824	$192,553

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	$10,966,327	$10,911,373	$3,546,388	$54,954
2024	No data	No data	No data	No data
2023	$4,733,845	$5,074,410	$1,719,556	$-340,565

CLEMSON ATHLETIC PROPERTIES COMPANY