LOCK HAVEN 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

1967

Legal Domicile

Principal Officer

JENNIFER RITER

Phone

5704842383

Tax Period

2024-07-01 to 2025-06-30

LOCK HAVEN UNIVERSITY FOUNDATION, founded in 1967, is a community nonprofit in the Education sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 31% operating margin.

Mission

TO GENERATE AND MANAGE RESOURCES FOR THE BENEFIT OF COMMONWEALTH UNIVERSITY - LOCK HAVEN AND ITS STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $931,585 Revenue: $1,995,836

SUPPORT OF COMMONWEALTH UNIVERSITY - LOCK HAVEN'S ACADEMIC PROGRAMS BASED ON THE UNIVERSITY CASE FOR SUPPORT WHICH INCLUDES FACILITY UPGRADES, FACULTY ENHANCEMENTS, GLOBAL HONORS PROGRAMS...

SUPPORT OF COMMONWEALTH UNIVERSITY - LOCK HAVEN'S ACADEMIC PROGRAMS BASED ON THE UNIVERSITY CASE FOR SUPPORT WHICH INCLUDES FACILITY UPGRADES, FACULTY ENHANCEMENTS, GLOBAL HONORS PROGRAMS, INTERNATIONAL EDUCATION, SCIENCE EDUCATION AND STUDENT ENHANCEMENTS AND INTERCOLLEGIATE ATHLETICS.

Program 2

Expenses: $942,572

SUPPORT OF STUDENT SCHOLARSHIPS AND AWARDS BASED ON DONOR DESIGNATION AND CRITERIA. THE ORGANIZATION AWARDS NEARLY 400 ANNUAL SCHOLARSHIPS AND AWARDS TO BOTH FRESHMEN AND UPPERCLASSMEN BASED ON NEED...

Program 3

OWN AND OPERATE TWO STUDENT HOUSING PROJECTS (EVERGREEN COMMONS AND THE FOUNDATION VILLAGE AT CLEARFIELD) FOR THE BENEFIT OF LOCK HAVEN OR ITS STUDENTS.

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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 $1,710,657

Program Service Revenue $1,199,404

Investment Income $1,308,718

Other Revenue $900,034

TOTAL REVENUE $5,118,813

Expense Breakdown

Grants Paid $942,572

Salaries & Benefits $932,850

Fundraising Expenses $498,867

Program Expenses $1,874,157

Other Expenses $1,643,014

TOTAL EXPENSES $3,518,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,118,813	$4,738,081	+0.1%
Expenses	$3,518,436	$3,083,098	+0.1%
Net Income	$1,600,377	$1,654,983	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

Volunteers

N/A

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

$150,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER RITER	CHAIR	4.00	Officer Director	$0	$0	$0
MILTON STAN ALLEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAMES BERKEBILE	SECRETARY	0.50	Officer Director	$0	$0	$0
JEFFREY PARKER	TREASURER	1.00	Officer Director	$0	$0	$0
RONALD BOWES	MEMBER	0.50	Director	$0	$0	$0
DONALD CALCAGNI	FINANCE COMMITTEE CHAIR	0.50	Director	$0	$0	$0
FRANCIS CONDINO	ADVANCEMENT COMMITTEE CHAI	0.50	Director	$0	$0	$0
ANN DELCOLLO	MEMBER	0.00	Director	$0	$0	$0
JOSEPH KOEHLER	GOVERNANCE COMMITTEE CHAIR	0.50	Director	$0	$0	$0
ROBERT LOMISON	MEMBER	0.00	Director	$0	$0	$0
PEGGY MCFARLAND	MEMBER	0.00	Director	$0	$0	$0
ED SHIFFLETT	MEMBER	0.00	Director	$0	$0	$0
POLLY SPANGLER	MEMBER	0.00	Director	$0	$0	$0
THANE TURNER	MEMBER	0.00	Director	$0	$0	$0
EDWARD WRIGHT	MEMBER	0.00	Director	$0	$0	$0
ASHLEY KOSER	EXECUTIVE DIRECTOR	37.50	Officer	$118,106	$32,715	$150,821

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	$5,118,813	$3,518,436	$29,688,716	$1,600,377
2024	$4,738,081	$3,083,098	$28,073,676	$1,654,983
2023	$4,121,485	$2,636,135	$29,009,293	$1,485,350
2022	$2,532,205	$1,935,103	$27,652,723	$597,102
2021	$2,635,924	$1,843,178	$31,680,426	$792,746
2020	$1,749,055	$2,149,887	$28,081,412	$-400,832
2019	$2,762,999	$2,569,434	$29,752,049	$193,565