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Tusculum University EIN 62-0484185

Tusculum University

EIN  62-0484185 Higher education institution Greeneville, TN Founded 1794
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/6/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates students to be proactive, ethical, and responsible citizens who contribute to the common good.
Leadership
Dr Scott Hummel · President · $360K
Money in and out
$36.8M revenue, $42.0M expenses
Bottom line
-14% operating surplus

Educates students to be proactive, ethical, and responsible citizens who contribute to the common good. For fiscal year 2024 it reported $36.8M in revenue, $42.0M in expenses, and $39.1M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$36.8M
Pt VIII · Ln 12
Total expenses
$42.0M
Pt IX · Ln 25
Net assets
$39.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$5.2M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Operating surplus
-14%
revenue over expenses, this legal entity▲ +5% vs prior filing year
Payroll share
32%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
80%
of expenses reach program services▼ -5% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$36.8M
FY2024▼ -6%
Expenses
$42.0M
FY2024▼ -7%
Total assets
$89.4M
FY2024▼ -7%
Total liabilities
$50.3M
FY2024▼ -2%
Total revenue
$36.8M
Pt VIII · Ln 12
Total expenses
$42.0M
Pt IX · Ln 25
Net assets
$39.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$5.2M
Total assetsPt X · Ln 16$89.4M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $33.8M of program spending, described in the organization's own filed words · FY2024.
01

Tusculum University provided formal instruction and related academic support for over 1000 full-time equivalent students toward the fulfillment of Associate and Bachelor of Science and Associate and Bachelor of Art degrees, along with Master degrees in a variety of fields of study.

$28.8Mprogram expense
02

Auxiliary services were provided to the population of students, as Tusculum University remains primarily a residential campus. Housing and meals were provided.

$5.0Mprogram expense
03

A variety of services were provided to students through many programs and offices, including intramural sports, general athletics, spiritual life, the student lounge, Admissions, Financial Aid, the Registrar, Business Office, and Dean of Students, as well as others.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTusculum University
EINHdr · item D62-0484185
Principal addressHdr · item CGreeneville, TN
WebsiteHdr · item Jwww.tusculum.edu
Year of formationHdr · item L1794
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFFeb 1934

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$359,673Pt VII · Sec A
$116,745Pt VII · Sec A
$113,559Pt VII · Sec A
Dr David W Baker
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr David Collins
Board Member
$0Pt VII · Sec A
Dr Alan Corley
Board Member
$0Pt VII · Sec A
Ms Jo Ann Kramer
Board Member
$0Pt VII · Sec A

Dr Scott Hummel’s $360K as President is at the 75th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Scott Hummel$359,673$260,066$259,828$259,065$231,811—
Dr Andrew Buzzelli Thru 52820—————$324,340
Dr Tricia Hunsader————$159,827—
James Hurley—————$154,470
Dr Patricia Hunsader—$145,171$140,492$146,026——
Mr Douglas Jones——$128,686$114,690——
Madison Sowell Thru 93019—————$125,000
Dr Blair F Henley—————$123,726

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$29.2M · 79%
Contributions & grants$3.7M · 10%
Other revenue$2.3M · 6%
Investment income$1.6M · 4%
Program service revenue79%$29.2M
Contributions & grants10%$3.7M
Other revenue6%$2.3M
Investment income4%$1.6M
— government grantsLn 1e$2.0M
Total revenueLn 12$36.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.19 Fundraising $0.01
Program services80%$33.8M
Management & general19%$7.9M
Fundraising1%$313K
Total functional expensesLn 25$42.0M

Balance Sheet

Part X · end of year
CashLn 1$838K
Total assetsLn 16$89.4M
Total liabilitiesLn 26$50.3M
Total net assetsLn 32$39.1M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $20.2M · Operating expenses/yr $42.0M
5.8 months
Where the money goes
Program services
Program services $33.8M · Total expenses $42.0M
80%
Management & General
Management & general $7.9M · Total expenses $42.0M
19%
Fundraising
Fundraising $313K · Total expenses $42.0M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $260K · Solicited contributions (3-yr avg) $1.3M
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.7M · Total revenue $36.8M
10%
Government reliance
Government grants $2.0M · Total revenue $36.8M
5%
Earned-income share
Program service revenue $29.2M · Total revenue $36.8M
79%
Investment reliance
Investment income $1.6M · Total revenue $36.8M
+4%
Program self-sufficiency
Program service revenue $29.2M · Total expenses $42.0M
70%
Growth & trend
Revenue growth (YoY)
This year $36.8M · Prior year $39.2M
-6%
Revenue CAGR
FY2019 $47.1M · FY2024 $36.8M
-5%
Net-asset trend (YoY)
End of year $39.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $36.8M · Expenses $42.0M
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $89.4M
—
Net-asset ratio
Net assets $39.1M · Total assets $89.4M
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $19.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $89.4M
22%
People & payroll
Highest Reported Total Compensation
Individual Dr Scott Hummel · Reported title PRESIDENT · Highest reported compensation $360K · Total expenses $42.0M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13.6M · Total expenses $42.0M
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 19%——
Fundraising cost ratio 9%——
Revenue growth -6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Stella Lawing Percy Tr Ua 3707060FY2025$12K
Total grants receivedfrom 1 funder$12K
Grants paid · 6 grants · $85.0M · 2019–2024
Unitemized GrantFY2024$13,585,974
Unitemized GrantFY2023$13,394,043
Unitemized GrantFY2022$13,541,197
Unitemized GrantFY2021$13,489,457
Unitemized GrantFY2020$15,271,866
Unitemized GrantFY2019$15,741,386

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$39.2M revenue · ⤓ 990 PDF
FY2023$39.6M revenue · ⤓ 990 PDF
FY2022$45.8M revenue · ⤓ 990 PDF
FY2021$47.9M revenue · ⤓ 990 PDF
FY2020$47.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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