WAYNE STATE UNIVERSITY ALUMNI ASSOCIATION

EIN: 237080478 501(c)(3) Education

DETROIT, MI

Total Revenue
$159,588
Total Expenses
$90,283
Total Assets
$587,022
Net Assets
$587,022
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MI
Phone
3135772073
Tax Period
2023-10-01 to 2024-09-30

WAYNE STATE UNIVERSITY ALUMNI ASSOCIATION, founded in 1973, is a small nonprofit in the Education sector that reported $160K in total revenue in fiscal year 2023. The organization ran a surplus of $69K, a strong 43% operating margin.

Mission

THE WSUAA EXISTS TO PROVIDE OPPORTUNITIES FOR ALUMNI TO PARTICIPATE IN AND CONTRIBUTE TO WAYNE STATE UNIVERSITY ("WSU"). THE MISSION OF THE WSUAA IS TO PROVIDE WSU'S ALUMNI AND FRIENDS INFORMATION, RESOURCES, PROGRAMS AND SERVICE OPPORTUNITIES THAT AID IN DEVELOPING AND NURTURING A PERSONAL, LIFELONG CONNECTION TO WSU. SUCH CONNECTION IS DEMONSTRATED THROUGH ENGAGEMENT AND PHILANTHROPIC SUPPORT.

Program Service Accomplishments

Program 1
Expenses: $78,111 Revenue: $0

TO SUPPORT THE INSTRUCTION, RESEARCH AND PUBLIC SERVICE MISSION OF WAYNE STATE UNIVERSITY BY ESTABLISHING MUTUALLY BENEFICIAL RELATIONSHIPS WITH ALUMNI AND ALUMNI GROUPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $14,508
Other Revenue $145,080
TOTAL REVENUE $159,588

Expense Breakdown

Grants Paid $8,074
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $78,111
Other Expenses $82,209
TOTAL EXPENSES $90,283

Year-over-Year Comparison

2023 2022 Change
Revenue $159,588 $154,567 +0.0%
Expenses $90,283 $142,149 -0.4%
Net Income $69,305 $12,418 +4.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
16
Employees
N/A
Volunteers
22

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
$434,600
Total Directors
20
$556,609
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Komal Shah Kapoor Vice President 1.0
Officer Director
$0 $0 $0
Peter Caborn BOARD MEMBER, Interim Treasurer (1.11.24-8.18.24) 1.8
Officer Director
$0 $60,081 $273,998
Regina Baker Secretary 1.0
Officer Director
$0 $0 $0
Tosha Padgett Brown PRESIDENT 1.0
Officer Director
$0 $0 $0
Annette Walker Board Member 1.0
Director
$0 $7 $93
Bilal Hammoud Board Member 1.0
Director
$0 $0 $0
Brandon Ivory Board Member 1.0
Director
$0 $2,294 $32,267
Donald Smolenski Board Member 1.0
Director
$0 $0 $0
Ernestine Lyons Board Member 1.0
Director
$0 $0 $0
Ieisha Norris Board Member 1.0
Director
$0 $0 $0
Kerry LaPlante Board Member 1.0
Director
$0 $0 $0
Leda McIntyre Hall Board Member 1.0
Director
$0 $0 $0
Michelle OGrady Board Member 1.0
Director
$0 $0 $0
Rochelle Miller Board Member 1.0
Director
$0 $0 $0
Ronald Wood Board Member 1.0
Director
$0 $0 $0
Shameeka Ward Board Member 1.0
Director
$0 $0 $0
Shyam Bhakta Board Member 1.0
Director
$0 $0 $0
Tara Reid Board Member 1.0
Director
$0 $15,801 $122,643
Tia Finney-Sadler Board Member 1.0
Director
$0 $24,766 $127,608
Timothy Schramm Board Member 1.0
Director
$0 $0 $0
Annessa Morley BOARD MEMBER, Treasurer - PART YEAR (10.1.23-1.10.24) 3.8
Officer
$0 $30,802 $160,602
Lyndsey Crum BOARD MEMBER, Treasurer (8.19.24-9.30.24) 3.8
Officer
$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
2024 $159,588 $90,283 $587,022 $69,305
2023 $154,567 $142,149 $503,640 $12,418
2022 $152,463 $136,293 $486,322 $16,170
2021 $185,901 $132,725 $501,109 $53,176
2020 $182,523 $154,790 $445,192 $27,733
2019 $185,909 $184,357 $416,781 $1,552
2018 $183,598 $192,664 $412,684 $-9,066
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