WALDORF LUTHERAN COLLEGE FOUNDATION (EIN 274358184) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

RAYMOND BEEBE

Phone

6415858496

Tax Period

2024-07-01 to 2025-06-30

WALDORF LUTHERAN COLLEGE FOUNDATION, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $28.2M in total revenue in fiscal year 2024. Expenses of $26.4M left a modest 6% surplus.

Mission

TO PROVIDE FINANCIAL SUPPORT TO WALDORF UNIVERSITY AND TO PROVIDE SCHOLARSHIPS AND EDUCATIONAL PROGRAMS AND EXPERIENCES TO STUDENTS OF WALDORF 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 (2024)

Revenue Breakdown

Contributions & Grants $4,720,114

Program Service Revenue $23,183,073

Investment Income $287,645

Other Revenue $0

TOTAL REVENUE $28,190,832

Expense Breakdown

Grants Paid $263,863

Salaries & Benefits $15,340,871

Fundraising Expenses $50,672

Program Expenses $6,658,087

Other Expenses $10,807,784

TOTAL EXPENSES $26,412,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,190,832	$26,470,392	+0.1%
Expenses	$26,412,518	$25,143,367	+0.1%
Net Income	$1,778,314	$1,327,025	+0.3%

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

684

Volunteers

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

$435,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ALSOP	CEO	40.00	Officer	$233,475	$30,500	$263,975
DAISY H HALVORSON	CFO	40.00	Officer	$138,896	$32,517	$171,413
SEVERIN ROBERTS	EX DIR WLCF	40.00	Highest	$137,072	$24,729	$161,801
MICHAEL HEITKAMP	EXEC VP REM	40.00	Highest	$130,941	$23,181	$154,122
JASON RAMAKER	STAFF RES	40.00	Highest	$106,176	$24,763	$130,939
JONATHAN BROWN	VP FOR ON-LI	40.00		$111,904	$16,708	$128,612
RAYMOND BEEBE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CORCORAN	TRUSTEE	1.00	Director	$0	$0	$0
DR ARDRELLE EVANS	TRUSTEE	1.00	Director	$0	$0	$0
DR TERRY FRAZIER	TRUSTEE	1.00	Director	$0	$0	$0
YOLANDA GALLEGOS	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD GAUMER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN JAY HANSON	TRUSTEE	1.00	Director	$0	$0	$0
DENISE HILL	TRUSTEE	1.00	Director	$0	$0	$0
DR RANDY JUHL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC MCHANEY	TRUSTEE	1.00	Director	$0	$0	$0
DR KRISTINE MEYER	TRUSTEE	1.00	Director	$0	$0	$0
DR DAVID WEBER	CHAIR	1.00	Officer 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	$28,190,832	$26,412,518	$26,862,540	$1,778,314
2024	$26,470,392	$25,143,367	$27,600,248	$1,327,025
2023	$25,089,175	$22,363,840	$27,762,158	$2,725,335
2023	$7,618,595	$766,135	$13,064,005	$6,852,460
2022	$1,310,424	$456,173	$6,080,607	$854,251
2021	$511,049	$444,998	$5,794,759	$66,051
2020	$365,532	$158,501	$4,793,384	$207,031
2019	$743,672	$361,630	$4,562,980	$382,042

WALDORF LUTHERAN COLLEGE FOUNDATION