TREVECCA NAZARENE UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$95,946,476
Program Services
84%
Contributions
10%
Investments
4%
Other
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$98,284,607
Salaries & Benefits
35%
Grants
26%
Other
15%
Offices, Occupancy & IT
11%
Depreciation
6%
Advertising & Promotion
3%
Interest
3%
Fees to Service Providers
1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$10,151,700
$9,172,092
-10%
Government Grants
$748,890
$791,420
+6%
Fundraising Events
$99,134
$45,810
-54%
Program Services
$75,452,724
$80,944,002
+7%
Membership Dues
$0
$0
-
Investments
$3,033,668
$3,425,665
+13%
Other
$1,176,542
$1,567,487
+33%
Total Revenues
$90,662,658
$95,946,476
+6%
Expenses
2024
2025
Change
Grants
$22,629,868
$25,803,159
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$30,482,101
$34,066,981
+12%
Fees to Service Providers
$1,141,990
$1,290,292
+13%
Advertising & Promotion
$2,860,088
$3,087,604
+8%
Offices, Occupancy & IT
$9,942,167
$10,515,481
+6%
Interest
$2,850,366
$2,914,909
+2%
Depreciation
$5,368,664
$5,651,387
+5%
Other
$13,305,941
$14,954,794
+12%
Total Expenses
$88,581,185
$98,284,607
+11%
Net income
2024
2025
Change
Net income
+$2,081,473
-$2,338,131
-212%
Functional Expenses
Summary
2024
2025
Change
Program
$77,691,256
$86,310,748
+11%
Admin
$9,631,287
$10,576,715
+10%
Fundraising
$1,258,642
$1,397,144
+11%
Total Expenses
$88,581,185
$98,284,607
+11%
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