WHARTON GRADUATE ASSOCIATION

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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

1994

Legal Domicile

Principal Officer

GHASSAN ZUGHAIB

Phone

2158981077

Tax Period

2023-07-01 to 2024-06-30

WHARTON GRADUATE ASSOCIATION, founded in 1994, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THE WGA IS TO BE AN ADVOCATE FOR THE STUDENT VOICE AND FACILITATE STUDENT ENDEAVORS, ALL UNDER THE AUSPICES OF IMPROVING WHARTON SCHOOL. IT IS THE PURPOSE OF WGA TO: (1) CONTRIBUTE TO THE IMPROVEMENT AND DEVELOPMENT OF THE WHARTON SCHOOL; (2) ASSIST WHARTON MBA STUDENTS IN REACHING THEIR ACADEMIC AND PROFESSIONAL GOALS; (3) GENERATE STUDENT INPUT INTO POLICIES AND PROCEDURES WHICH AFFECT THE STUDENT COMMUNITY; (4) REPRESENT THE INTEREST OF AND ADVOCATE FOR THE WHARTON MBAS; (5) BUILD AND SUPPORT A COHESIVE MBA COMMUNITY; (6) BUILD CONNECTIONS AND PROMOTE COMMUNICATION AMONG CURRENT STUDENTS, ALUMNI, FACULTY, ADMINISTRATION, UNIVERSITY OF PENNSYLVANIA COMMUNITY, AND THE LEADERS OF BUSINESS AND GOVERNMENT.

Program Service Accomplishments

Program 1

Expenses: $4,978,280 Revenue: $3,156,861

WGA IS THE PRIMARY VEHICLE FOR COORDINATING AND MANAGING STUDENT ACTIVITIES AND INITIATIVES, BOTH ACADEMIC AND EXTRACURRICULAR. IN ADDITION TO STUDENT REPRESENTATION, WGA PROVIDES MONETARY AND...

WGA IS THE PRIMARY VEHICLE FOR COORDINATING AND MANAGING STUDENT ACTIVITIES AND INITIATIVES, BOTH ACADEMIC AND EXTRACURRICULAR. IN ADDITION TO STUDENT REPRESENTATION, WGA PROVIDES MONETARY AND LOGISTICAL RESOURCES TO OVER 180 DIFFERENT CLUBS. WGA IS THE CARETAKER OF WHARTON'S MBA TRADITIONS AND SCHOOL-WIDE EVENTS, INCLUDING THE RED AND BLUE BALL, FOLLIES, SAY YES TO EDUCATION, GLOBAL HEALTHCARE VOLUNTEER PROGRAM, REBUILDING PHILADELPHIA TOGETHER, WHARTON 54, SPRING GALA, AND COUNTLESS OTHERS. WGA STUDENT DUES SUBSIDIZE THESE EVENTS, MAKING IT POSSIBLE FOR THE LARGEST NUMBER OF STUDENTS TO PARTICIPATE. MEMBERS OF WGA ARE ELIGIBLE TO TAKE PART IN OR ATTEND ANY OF THESE EVENTS (OFTEN REQUIRING A SPONSORED TICKET PURCHASE). MORE THAN 180 STUDENT CLUBS/CONFERENCES SHAPE THE WHARTON MBA EXPERIENCE IN ALL AREAS. THEY FOCUS ON INTERESTS RANGING FROM SOCIAL, LIKE THE WINE CLUB, TO INTERNATIONAL AND CULTURAL, LIKE WHALASA, TO ATHLETIC, LIKE THE WILDMAN HOCKEY LEAGUE, TO PROFESSIONAL, LIKE THE MEDIA AND ENTERTAINMENT CLUB. WGA ENABLES COUNTLESS OPPORTUNITIES FOR YOU TO CREATE RELATIONSHIPS AND EXPLORE YOUR INTERESTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,899,801

Program Service Revenue $3,156,861

Investment Income $198,009

Other Revenue $6,729

TOTAL REVENUE $5,261,400

Expense Breakdown

Grants Paid $240,070

Salaries & Benefits $62,952

Fundraising Expenses $0

Program Expenses $4,978,280

Other Expenses $4,851,831

TOTAL EXPENSES $5,154,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,261,400	$5,198,025	+0.0%
Expenses	$5,154,853	$5,649,807	-0.1%
Net Income	$106,547	$-451,782	-1.2%

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

Volunteers

408

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
LOYD BRADLEY	CFO	10.00	Officer Director	$0	$0	$0
REBEKAH DAVIS	PRESIDENT	10.00	Officer Director	$0	$0	$0
ALISON LEE	EVP LEADERSH	10.00	Officer Director	$0	$0	$0
CRISTIAN NAVARRO	EVP STUDENT	10.00	Officer 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	No data	No data	No data	No data
2024	$5,261,400	$5,154,853	$2,994,000	$106,547
2023	$5,198,025	$5,649,807	$3,662,918	$-451,782
2022	$5,667,035	$6,105,092	$3,814,886	$-438,057
2021	$2,210,004	$1,652,666	$4,377,996	$557,338
2020	$3,490,470	$3,203,087	$3,214,832	$287,383
2019	$4,616,689	$4,270,146	$2,709,122	$346,543
2018	$4,395,173	$3,956,297	$2,451,518	$438,876