TRUETT MCCONNELL UNIVERSITY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$32,266,359
Program Services
88%
Contributions
6%
Other
4%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$34,537,441
Salaries & Benefits
36%
Grants
24%
Other
15%
Offices, Occupancy & IT
12%
Depreciation
6%
Interest
4%
Fees to Service Providers
3%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,522,477
$2,072,598
-54%
Government Grants
$3,492,561
$95,130
-97%
Fundraising Events
$16,191
$8,890
-45%
Program Services
$28,334,440
$28,242,945
0%
Membership Dues
$0
$0
-
Investments
$585,777
$607,694
+4%
Other
$1,054,027
$1,239,102
+18%
Total Revenues
$38,005,473
$32,266,359
-15%
Expenses
2023
2024
Change
Grants
$7,987,488
$8,169,664
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,879,592
$12,428,616
-4%
Fees to Service Providers
$1,091,759
$1,082,358
-1%
Advertising & Promotion
$432,584
$350,949
-19%
Offices, Occupancy & IT
$578,767
$4,038,325
+598%
Interest
$1,301,406
$1,278,272
-2%
Depreciation
$1,822,008
$2,047,728
+12%
Other
$8,263,964
$5,141,529
-38%
Total Expenses
$34,357,568
$34,537,441
+1%
Net income
2023
2024
Change
Net income
+$3,647,905
-$2,271,082
-162%
Functional Expenses
Summary
2023
2024
Change
Program
$28,939,463
$29,436,678
+2%
Admin
$5,097,700
$4,740,032
-7%
Fundraising
$320,405
$360,731
+13%
Total Expenses
$34,357,568
$34,537,441
+1%
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