Troy University Foundation

Nonprofit profile at a glance

EIN
636067755
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Troy State University, AL, USA
Phone
3346703000
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
University or Technological Institute

Official website

Reported finances

Revenue
$14,719,080
Expenses
$10,180,607
Assets
$243,225,288
Liabilities
$100,621,410

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • DR JACK HAWKINS (PRESIDENT)
  • WILLIAM FILMORE (EXECUTIVE VICE PRESIDENT)
  • DEBBIE VAUGHN (VICE PRESIDENT (BEG 01/25))
  • GREG KNEDLER (VICE PRESIDENT (THRU 06/24))
  • JUDGE JACK WEAVER (ALUMNI BOARD PRESIDENT (BEG 01/25))
  • ROSEMARY ELEBASH (ALUMNI BOARD PRESIDENT (THRU 12/24))

People named in this filing

  • DR JACK HAWKINS (PRESIDENT)
  • WILLIAM FILMORE (EXECUTIVE VICE PRESIDENT)
  • DEBBIE VAUGHN (VICE PRESIDENT (BEG 01/25))

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist troy university in building its endowment through a coordinated donor program and sound investment policy thereby ensuring reliable resources for the future.

What it reported doing in 2024

Support of troy university system academics, library, faculty, staff, alumni and student programs for approximately 14,500 students and 186,500 alumni.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 86
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 83.2%; rating input score 83
  • Fundraising efficiency: $331.75 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 23.89; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: -5.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 73.3% of revenue deployed · 83.2% of spending went to programs
  • Governance: 22 of 22 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5M in reported program spending
  • Leadership: top reported pay $0 · 24 people listed
  • Highest-paid contractors: 4 contractors listed · $1M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.