WESTERN CAROLINA UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION (EIN 043587582) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

PAT KAEMMERLING

Phone

8282273108

Tax Period

2024-07-01 to 2025-06-30

WESTERN CAROLINA UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION, founded in 2003, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $559K, a strong 25% operating margin.

Mission

AID AND PROMOTE EDUCATION AND CHARITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $768,373

Investment Income $1,475,598

Other Revenue $-19

TOTAL REVENUE $2,243,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,678,134

Other Expenses $1,685,365

TOTAL EXPENSES $1,685,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,243,952	$2,347,182	0.0%
Expenses	$1,685,365	$1,784,069	-0.1%
Net Income	$558,587	$563,113	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT KAEMMERLING	CHAIR	1.00	Officer Director	$0	$0	$0
BRYANT KINNEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLI BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL T BYERS	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD STARNES	DIRECTOR	1.00	Director	$0	$0	$0
SAM MILLER	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,243,952	$1,685,365	$46,412,078	$558,587
2024	$2,347,182	$1,784,069	$48,587,865	$563,113
2023	$2,305,435	$2,070,786	$50,660,026	$234,649
2022	$2,471,717	$1,972,794	$52,385,182	$498,923
2021	$2,452,156	$2,044,866	$54,292,191	$407,290

WESTERN CAROLINA UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION