WEST CHESTER UNIVERSITY FOUNDATION

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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

2000

Legal Domicile

Principal Officer

DEBRA CORNELIUS

Phone

6104362868

Tax Period

2023-07-01 to 2024-06-30

WEST CHESTER UNIVERSITY FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $18.6M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.5M, a strong 35% operating margin.

Mission

THE FOUNDATION WAS FORMED TO PROMOTE THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INTERESTS OF WEST CHESTER UNIVERSITY. THE FOUNDATION ACHIEVES THIS BY SOLICITING FUNDS AND OTHER PROPERTY IN ACCORDANCE WITH PRIORITIES ESTABLISHED BY THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $7,767,942 Revenue: $4,649,955

THE FOUNDATION'S PROGRAM SERVICE ACCOMPLISHMENTS DURING FISCAL YEAR JUNE 30,2024 WERE: THE FOUNDATION RAISED OVER $15 MILLION IN CONTRIBUTIONS FOR WEST CHESTER UNIVERSITY:-OF THE $15M, REAL ESTATE...

THE FOUNDATION'S PROGRAM SERVICE ACCOMPLISHMENTS DURING FISCAL YEAR JUNE 30,2024 WERE: THE FOUNDATION RAISED OVER $15 MILLION IN CONTRIBUTIONS FOR WEST CHESTER UNIVERSITY:-OF THE $15M, REAL ESTATE TOTALING $6.6M WAS DONATED TO THE FOUNDATION TO FULLFILL THE GRANTOR'S DESIRE TO COMMIT THE PROPERTY TO A CHARITABLE PURPOSE AND, IN DOING SO, FURTHER THE MISSION OF THE FOUNDATION. THE FOUNDATION PLANS TO LIQUIDATE THE PROPERTIES THROUGH A FUTURE SALE TO A THIRD-PARTY BUYER. THE NET PROCEEDS FROM THE SALE WOULD BE TRANSFERRED TO THE UNIVERSITY OR USED BY THE FOUNDATION ON BEHALF OF WCU, AS THE UNIVERSITY MAY DIRECT.- OVER $2 MILLION OF THE $15 MILLION RAISED WAS DIRECTED TO ENDOWMENTS FOR THE BENEFIT OF FUTURE STUDENT SCHOLARSHIPS AND FUTURE SUPPORT FOR UNIVERSITY PROGRAMS AND ACTIVITIES. $1.76 MILLION IN SCHOLARSHIPS WERE AWARDED TO APPROXIMATELY 1,100 STUDENTS BASED ON CRITERIA DETERMINED BY DONORS. MANY OF THE SCHOLARSHIP RECIPIENTS COULD NOT EXPERIENCE THE OPPORTUNITIES AND BENEFITS OF A HIGH QUALITY WEST CHESTER UNIVERSITY.

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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 $11,986,061

Program Service Revenue $4,649,955

Investment Income $1,968,490

Other Revenue $10,654

TOTAL REVENUE $18,615,160

Expense Breakdown

Grants Paid $4,517,208

Salaries & Benefits $3,631,575

Fundraising Expenses $1,859,697

Program Expenses $7,767,942

Other Expenses $3,918,710

TOTAL EXPENSES $12,067,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,615,160	$11,826,604	+0.6%
Expenses	$12,067,493	$10,635,593	+0.1%
Net Income	$6,547,667	$1,191,011	+4.5%

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

213

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

$762,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOAN M KAMINSKI	PRESIDENT	0.20	Officer Director	$0	$0	$0
DR JOHN H BAKER	PRESIDENT (UNTIL 07/23)	0.20	Officer Director	$0	$0	$0
ROBERT PLUCIENIK	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
KEITH BEALE	TREASURER	0.20	Officer Director	$0	$0	$0
DR SANDRA F MATHER	SECRETARY	0.20	Officer Director	$0	$0	$0
DR DAWN APGAR	TRUSTEE	0.20	Director	$0	$0	$0
ERIC BOSSARD	TRUSTEE	0.20	Director	$0	$0	$0
COL DEBORAH J CHASE	TRUSTEE	0.20	Director	$0	$0	$0
DAVID FLAMER	TRUSTEE	0.20	Director	$0	$0	$0
DR MAURY HOBERMAN	TRUSTEE	0.20	Director	$0	$0	$0
MATTHEW HOLLIDAY	TRUSTEE	0.20	Director	$0	$0	$0
JESSICA KIENLE	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL MELE	TRUSTEE	0.20	Director	$0	$0	$0
THOMAS E MILLS IV	TRUSTEE	0.20	Director	$0	$0	$0
JACQUI NORTH	TRUSTEE	0.20	Director	$0	$0	$0
DOUGLAS A PACITTI	TRUSTEE	0.20	Director	$0	$0	$0
WILLIAM SCOTTOLINE	TRUSTEE	0.20	Director	$0	$0	$0
DR STANLEY YAROSEWICK	TRUSTEE (UNTIL 01/24)	0.20	Director	$0	$0	$0
EDWARD N COLLISON	TRUSTEE (UNTIL 07/23)	0.20	Director	$0	$0	$0
MAY VAN	TRUSTEE (UNTIL 07/23)	0.20	Director	$0	$0	$0
RANDALL WARREN	TRUSTEE (UNTIL 07/23)	0.20	Director	$0	$0	$0
DEBRA CORNELIUS	EXECUTIVE DIRECTOR	31.50	Officer	$157,806	$35,949	$261,386
CHRISTINA GERENZA	CFO	18.00	Officer	$64,182	$29,911	$190,365
JILL E SISKIND	SR. DIRECTOR OF DEVELOPMENT	45.00	Officer	$121,413	$27,753	$149,166
MOLLY CLARK DAVIS	SR. DIR. ALUMNI ENG./ANNUAL GIVING	45.00	Officer	$125,652	$35,730	$161,382

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	$18,615,160	$12,067,493	$65,719,791	$6,547,667
2023	$11,826,604	$10,635,593	$56,039,087	$1,191,011
2022	$16,709,922	$9,844,910	$52,679,195	$6,865,012
2021	$11,478,088	$7,399,934	$53,929,586	$4,078,154
2020	$7,598,847	$8,671,494	$45,390,669	$-1,072,647
2019	$13,358,707	$8,851,861	$47,573,034	$4,506,846
2018	$13,003,863	$9,485,538	$42,923,176	$3,518,325