Faulkner University

Overview

Mission

The mission of faulkner university is to glorify god through education of the whole person emphasizing integrity of character in a caring christian environment where every individual matters every day.

What it reported doing in 2024

Auxiliary enterprises - provided lodging, board, books and related supplies and needs for students and the campus community.

Operating model

Revenue model
Earned-program. 73% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
630329409
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Headquarters
Montgomery, AL, USA
Phone
3343867274
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.2%; rating input score 78
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: $15.67 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 38th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.7%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.72; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 78.2% of revenue deployed · 87.8% of spending went to programs
  • Governance: 33 of 36 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $65.3M in reported program spending
  • Leadership: top reported pay $316K · 46 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $10.3M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 12 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

46 people listed

Highest reported compensation

  • D MITCHELL HENRY (UNIVERSITY PRESIDENT): $316,321 total reported compensation
  • JUSTIN BOND (DEAN-COLLEGE OF BUSINESS): $198,490 total reported compensation
  • DAVE RAMPERSAD (VICE PRESIDENT- ACADEMIC AFFAIRS): $197,440 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.