RADFORD UNIVERSITY FOUNDATION INC

EIN: 237219782 501(c)(3) Education

RADFORD, VA

Total Revenue
$1,836,573
Total Expenses
$6,739,351
Total Assets
$125,843,056
Net Assets
$112,134,992
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
DEREK R NEAL
Phone
5408316573
Tax Period
2024-07-01 to 2025-06-30

RADFORD UNIVERSITY FOUNDATION INC, founded in 1972, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 267% operating deficit.

Mission

TO SUPPORT RADFORD UNIVERSITY

Program Service Accomplishments

Program 1
Expenses: $2,631,786 Revenue: $294,275

UNIVERSITY SUPPORT: PURCHASE OF EQUIPMENT AND SUPPLIES FOR THE COLLEGES AND DEPARTMENTS CAPITAL UPGRADE OF THE UNIVERSITY'S FACILITIES AND BASEBALL FIELD PAYMENTS TO SUPPLEMENT UNIVERSITY PERSONNEL...

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UNIVERSITY SUPPORT: PURCHASE OF EQUIPMENT AND SUPPLIES FOR THE COLLEGES AND DEPARTMENTS CAPITAL UPGRADE OF THE UNIVERSITY'S FACILITIES AND BASEBALL FIELD PAYMENTS TO SUPPLEMENT UNIVERSITY PERSONNEL SALARIES AND BENEFITS SPEAKERS FOR AND SPONSORSHIP OF UNIVERSITY EVENTS

Program 2
Expenses: $2,927,408

SCHOLARSHIPS AND SPECIAL AWARDS: BENEFITTING STUDENTS AND FACULTY MEMBERS OF RADFORD 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,283,280
Program Service Revenue $294,275
Investment Income $-4,181,979
Other Revenue $-559,003
TOTAL REVENUE $1,836,573

Expense Breakdown

Grants Paid $4,026,060
Salaries & Benefits $655,042
Fundraising Expenses $189,573
Program Expenses $5,559,194
Other Expenses $2,058,249
TOTAL EXPENSES $6,739,351

Year-over-Year Comparison

2024 2023 Change
Revenue $1,836,573 $7,152,914 -0.7%
Expenses $6,739,351 $6,059,759 +0.1%
Net Income $-4,902,778 $1,093,155 -5.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
17
Employees
6
Volunteers
30

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
$417,286
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY KENSLOW BOARD CHAIR 2.00
Officer Director
$0 $0 $0
WILLIAM MCNULTY VICE CHAIR 2.00
Officer Director
$0 $0 $0
ALLISON FELIX BOARD TREASURER 2.00
Officer Director
$0 $0 $0
JOHN CHOMEAU BOARD SECRETARY 2.00
Officer Director
$0 $0 $0
JOANN CRAIG DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL DONNELLY DIRECTOR 2.00
Director
$0 $0 $0
ROBERT FOX DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER CONTE DIRECTOR 2.00
Director
$0 $0 $0
JEFF MACKINNON DIRECTOR 2.00
Director
$0 $0 $0
NANCY RICE DIRECTOR 2.00
Director
$0 $0 $0
LINDA WHITLEY TAYLOR DIRECTOR 2.00
Director
$0 $0 $0
W MARK RADER DIRECTOR 2.00
Director
$0 $0 $0
CURTIS MARTIN II DIRECTOR 2.00
Director
$0 $0 $0
AUDRA SHEKLETON DIRECTOR 2.00
Director
$0 $0 $0
BRET DANILOWICZ RU PRESIDENT DIRECTOR 2.00
Director
$0 $0 $0
ROB HOOVER RU CFO VP DIRECTOR 2.00
Director
$0 $0 $0
DR BETHANY USHER RU PROVOST VP DIRECTOR 2.00
Director
$0 $0 $0
PENNY WHITE RU VP ADVANCEMENT DIRECTOR 2.00
Director
$0 $0 $0
JOHN F COX JR CHIEF EXECUTIVE OFFICER 40.00
Officer
$242,226 $16,619 $258,845
DEREK NEAL CHIEF FINANCIAL OFFICER 40.00
Officer
$148,009 $10,432 $158,441
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 $1,836,573 $6,739,351 $125,843,056 $-4,902,778
2024 $7,152,914 $6,059,759 $118,722,772 $1,093,155
2023 $8,055,218 $6,011,339 $110,551,729 $2,043,879
2022 $8,860,499 $5,647,750 $106,307,354 $3,212,749
2021 $13,141,084 $6,079,953 $122,375,748 $7,061,131
2020 $17,210,656 $4,813,420 $119,642,152 $12,397,236
2019 $9,989,704 $4,773,671 $120,563,639 $5,216,033
2018 $14,346,991 $4,802,726 $118,217,129 $9,544,265
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