WESTERN MICHIGAN UNIVERSITY FOUNDATION (EIN 382138856) - 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

1976

Legal Domicile

Principal Officer

LARRY LUETH

Phone

2693872365

Tax Period

2024-07-01 to 2025-06-30

WESTERN MICHIGAN UNIVERSITY FOUNDATION, founded in 1976, is a major nonprofit in the Education sector that reported $102.3M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Net assets of $1.1B represent 128 months of operating reserves.

Mission

MAINTAINING AND ENHANCING AN ENDOWMENT FUND FOR WESTERN MICHIGAN 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 $33,775,188

Program Service Revenue $0

Investment Income $68,301,281

Other Revenue $228,727

TOTAL REVENUE $102,305,196

Expense Breakdown

Grants Paid $91,394,500

Salaries & Benefits $0

Fundraising Expenses $5,716,326

Program Expenses $95,503,478

Other Expenses $12,732,620

TOTAL EXPENSES $104,127,120

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,305,196	$58,768,528	+0.7%
Expenses	$104,127,120	$56,363,745	+0.8%
Net Income	$-1,821,924	$2,404,783	-1.8%

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

N/A

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

$1,027,078

Total Directors

$1,425,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD B MONTGOMERY	DESIGNATED D	1.00	Director	$0	$130,123	$661,703
KRISTEN R DEVRIES	SECRETARY (P	1.00	Officer Director	$0	$60,555	$388,350
JANICE J VAN DER KLEY	TREASURER	1.00	Officer Director	$0	$53,542	$375,036
COLLEEN SCARFF	ASSISTANT TR	1.00	Officer	$0	$48,430	$263,692
ROBERT M BEAM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES S BRADY	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE H CARLSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LYNN CHEN-ZHANG	DIRECTOR	1.00	Officer Director	$0	$0	$0
PHIL CHLUDZINSKI	DIRECTOR	1.00	Officer Director	$0	$0	$0
SANDRA L DOCTOR	DIRECTOR	1.00	Officer Director	$0	$0	$0
BJORN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
L LEONARD HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA DAVENPORT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TOBEY JR	DIRECTOR	1.00	Officer Director	$0	$0	$0
JENNIFER LB LENTNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL W LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MARK LINDEMOOD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LUETH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW D MACE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH V MILLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPHEN K PARKER	DIRECTOR (PA	1.00	Director	$0	$0	$0
FLOYD L PARKS	DIRECTOR	1.00	Director	$0	$0	$0
JONAS PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHAGONABY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES K SHOLL	DIRECTOR	1.00	Officer Director	$0	$0	$0
EDD SNYDER	DIRECTOR (PA	1.00	Director	$0	$0	$0
KENNETH STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER C WOMACK	DIRECTOR (PA	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	$102,305,196	$104,127,120	$1,087,565,746	$-1,821,924
2024	$58,768,528	$56,363,745	$1,069,236,326	$2,404,783
2023	$47,667,153	$60,470,859	$1,029,018,352	$-12,803,706
2022	$103,674,460	$49,517,787	$1,004,803,081	$54,156,673
2021	$603,544,425	$35,365,368	$1,032,369,023	$568,179,057
2020	$43,479,998	$37,575,105	$431,026,780	$5,904,893
2019	$41,082,264	$48,084,239	$446,380,606	$-7,001,975

WESTERN MICHIGAN UNIVERSITY FOUNDATION