CENTRAL WASHINGTON UNIVERSITY FOUNDATION

EIN: 237017467 501(c)(3)

ELLENSBURG, WA

Total Revenue
$9,784,103
Total Expenses
$4,875,880
Total Assets
$75,261,770
Net Assets
$72,206,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
WA
Principal Officer
PAUL ELSTONE
Phone
5099632160
Tax Period
2024-07-01 to 2025-06-30

CENTRAL WASHINGTON UNIVERSITY FOUNDATION, founded in 1968, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.9M, a strong 50% operating margin.

Mission

IN PARTNERSHIP WITH CWU AND OUR DONORS, OUR MISSION IS TO TRANSFORM THE LIVES OF CURRENT AND FUTURE GENERATIONS OF STUDENTS BY DEVELOPING AND STEWARDING RESOURCES THAT PROVIDE ACCESS, OPPORTUNITY, AND HOPE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,122,731
Program Service Revenue $0
Investment Income $3,647,994
Other Revenue $13,378
TOTAL REVENUE $9,784,103

Expense Breakdown

Grants Paid $1,867,309
Salaries & Benefits $734,706
Fundraising Expenses $540,093
Program Expenses $3,474,113
Other Expenses $2,273,865
TOTAL EXPENSES $4,875,880

Year-over-Year Comparison

2024 2023 Change
Revenue $9,784,103 $12,977,685 -0.2%
Expenses $4,875,880 $4,675,444 +0.0%
Net Income $4,908,223 $8,302,241 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
25

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
6
$131,424
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ELSTONE EXECUTIVE DIRECTOR 16.00
Officer
$108,268 $23,156 $131,424
WENDY IWASZUK CHAIR 1.00
Officer Director
$0 $0 $0
JANET BACKUS VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN FISHER TREASURER 1.00
Officer Director
$0 $0 $0
ANDREW HATLESTAD SECRETARY 1.00
Officer Director
$0 $0 $0
AMY HANSON SECRETARY (THRU 05/2025) 1.00
Officer Director
$0 $0 $0
BEN REMAK BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY NOMURA BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY O'DONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER RICHARDS BOARD MEMBER 1.00
Director
$0 $0 $0
JODI DALY BOARD MEMBER 1.00
Director
$0 $0 $0
LEONARD HILL BOARD MEMBER 1.00
Director
$0 $0 $0
LETICIA YELLAM BOARD MEMBER 1.00
Director
$0 $0 $0
LISA CONQUERGOOD BOARD MEMBER 1.00
Director
$0 $0 $0
NOREEN REIS BOARD MEMBER 1.00
Director
$0 $0 $0
PETER BARLOW BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MCCAMMANT BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN BRACE BOARD MEMBER 1.00
Director
$0 $0 $0
TERI BARIQUIT BOARD MEMBER 1.00
Director
$0 $0 $0
AARON CHRISTOPHERSEN BOARD MEMBER (THRU 10/2024) 1.00
Director
$0 $0 $0
DANIEL NICKLAUS BOARD MEMBER (THRU 09/2024) 1.00
Director
$0 $0 $0
KELLY BENGSTON BOARD MEMBER (THRU 10/2024) 1.00
Director
$0 $0 $0
RALPH CONNER BOARD MEMBER (THRU 10/2024) 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 $9,784,103 $4,875,880 $75,261,770 $4,908,223
2024 $12,977,685 $4,675,444 $66,237,190 $8,302,241
2023 $5,714,302 $5,280,882 $53,960,168 $433,420
2022 $7,605,095 $4,598,983 $48,919,247 $3,006,112
2021 $5,837,121 $2,977,884 $53,738,381 $2,859,237
2020 $7,126,217 $3,307,697 $38,807,938 $3,818,520
2019 $6,246,928 $7,915,223 $37,253,019 $-1,668,295
2018 $8,809,956 $3,099,084 $35,720,345 $5,710,872
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