WAICU EDUCATIONAL TECHNOLOGY CONSO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

ERIC FULCOMER

Phone

6082567761

Tax Period

2024-07-01 to 2025-06-30

WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE PURPOSES OF WAICU ETC ARE TO PURCHASE, IMPLEMENT, AND OPERATE INFORMATION TECHNOLOGY SYSTEMS, INCLUDING COMPUTER HARDWARE AND SOFTWARE, FOR ITS MEMBERS AND TO MANAGE THE ONGOING OPERATION AND MAINTENANCE OF SUCH SYSTEMS AS ITS MEMBERS MAY REQUIRE OR DIRECT IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS AND GOALS.

Program Service Accomplishments

Program 1

Expenses: $2,089,827 Revenue: $1,733,244

PROVIDED JOINT LICENSING, IMPLEMENTATION, OPERATION, AND MAINTENANCE OF ADMINISTRATIVE AND ACADEMIC SOFTWARE FOR MEMBER COLLEGES AND UNIVERSITIES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,733,244

Investment Income $44,766

Other Revenue $0

TOTAL REVENUE $1,778,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,089,827

Other Expenses $2,209,489

TOTAL EXPENSES $2,209,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,778,010	$1,520,585	+0.2%
Expenses	$2,209,489	$848,447	+1.6%
Net Income	$-431,479	$672,138	-1.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$744,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED WILDER	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GRUBISIC	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRE ERWIN	DIRECTOR	1.00	Director	$0	$0	$0
RICK THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	1.00	Director	$0	$0	$0
GARY RODMAN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GUMIENY	DIRECTOR	1.00	Director	$0	$0	$0
DIANE HOEHNKE	DIRECTOR	1.00	Director	$0	$0	$0
BILL SCHULTZ	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$128,381
JENNIFER DEHART	SECRETARY/TREASURER	15.00	Officer	$0	$20,380	$200,322
ERIC FULCOMER	PRESIDENT	1.00	Officer	$0	$65,262	$415,744

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	$1,778,010	$2,209,489	$690,173	$-431,479
2024	$1,520,585	$848,447	$1,129,703	$672,138
2023	$1,760,974	$1,465,036	$1,778,978	$295,938
2022	$1,155,703	$1,160,583	$1,448,442	$-4,880
2021	$1,209,084	$1,144,895	$1,466,608	$64,189
2020	$1,136,419	$1,276,918	$1,387,291	$-140,499
2019	$1,086,855	$1,164,070	$1,508,450	$-77,215

WAICU EDUCATIONAL TECHNOLOGY CONSORTIUM INC