KALAMAZOO, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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 STATEMENT (ADOPTED 2018) THE MISSION OF THE WESTERN MICHIGAN UNIVERSITY FOUNDATION IS TO PROMOTE AND SUPPORT WESTERN MICHIGAN UNIVERSITY SO THAT IT CAN EFFECTIVELY CARRY OUT ITS MISSION OF TEACHING, RESEARCH AND SERVICE. THE FOUNDATION ACCOMPLISHES ITS MISSION BY MAINTAINING AND ENLARGING AN ENDOWMENT FUND, THE INCOME FROM WHICH PROVIDES SUPPLEMENTAL FINANCIAL ASSISTANCE FOR CURRENT DEMANDS. THE FOUNDATION ALSO FULFILLS ITS MISSION THROUGH: COST-EFFECTIVE FUND-RAISING PROGRAMS, CONDUCTED BY THE UNIVERSITY ADVANCEMENT OFFICE, WHICH SEEK PARTICIPATION FROM A VARIETY OF WESTERN MICHIGAN UNIVERSITY CONSTITUENTS; PRUDENT AND RESPONSIBLE ADMINISTRATION OF THE ASSETS ENTRUSTED TO IT BY ITS MANY CONSTITUENTS; AND EFFECTIVE DISTRIBUTION OF ITS RESOURCES TO AREAS OF PRIORITY WITHIN WESTERN MICHIGAN THE WMU FOUNDATION IS ADMINISTERED BY THE EXECUTIVE DIRECTOR/SECRETARY, WHO ALSO SERVES AS THE VICE PRESIDENT FOR UNIVERSITY ADVANCEMENT, AND A VOLUNTEER BOARD OF DIRECTORS, WHO OVERSEE HOW FU
THE FOUNDATION EXISTS FOR THE PURPOSE OF SOLICITING, COLLECTING AND INVESTING DONATIONS FOR THE BENEFIT OF WESTERN MICHIGAN UNIVERSITY. THE FOUNDATION PROVIDES SUPPORT FOR THE OBJECTIVES, GOALS, AND...
THE FOUNDATION EXISTS FOR THE PURPOSE OF SOLICITING, COLLECTING AND INVESTING DONATIONS FOR THE BENEFIT OF WESTERN MICHIGAN UNIVERSITY. THE FOUNDATION PROVIDES SUPPORT FOR THE OBJECTIVES, GOALS, AND MISSION OF THE UNIVERSITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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