WAYNE STATE UNIVERSITY FOUNDATION (EIN 383555142) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Phone

3135772073

Tax Period

2023-10-01 to 2024-09-30

WAYNE STATE UNIVERSITY FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 133% from the prior year, signaling strong growth momentum. Expenses of $26.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

WAYNE STATE UNIVERSITY FOUNDATION WAS ESTABLISHED TO BE A CENTRALIZED MEANS OF ENCOURAGING AND MANAGING FINANCIAL SUPPORT TO WAYNE STATE UNIVERSITY. THIS SUPPORT ALLOWS WAYNE STATE UNIVERSITY TO PROVIDE ITS STUDENTS, FACULTY, AND SCIENTISTS WITH OPPORTUNITIES FOR LEARNING AND DISCOVERY THAT OTHERWISE WOULD NOT HAVE BEEN FINANCIALLY POSSIBLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,002,863

Program Service Revenue $0

Investment Income $7,708,506

Other Revenue $0

TOTAL REVENUE $21,711,369

Expense Breakdown

Grants Paid $19,912,528

Salaries & Benefits $0

Fundraising Expenses $4,990,288

Program Expenses $19,912,528

Other Expenses $6,472,473

TOTAL EXPENSES $26,385,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,711,369	$9,335,750	+1.3%
Expenses	$26,385,001	$24,181,087	+0.1%
Net Income	$-4,673,632	$-14,845,337	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,702,319

Total Directors

$996,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Ripple	DIRECTOR/FOUNDATION PRESIDENT	15.0	Officer Director	$0	$61,850	$422,806
James A Anderson	CHAIR	1.0	Officer Director	$0	$0	$0
Kimberly Andrews Espy	DIRECTOR/UNIVERSITY PRESIDENT	2.0	Officer Director	$0	$33,494	$362,000
Angelo Vitale	DIRECTOR	1.0	Director	$0	$0	$0
Bryan C Barnhill III	DIRECTOR	1.0	Director	$0	$0	$0
Denise J Lewis	DIRECTOR	1.0	Director	$0	$0	$0
Elizabeth Goldsberry	DIRECTOR	1.0	Director	$0	$0	$0
Kolleen T Kennedy	DIRECTOR	1.0	Director	$0	$0	$0
Linda Beale	Director/WSU Law Professor & President of Academic Senate	1.0	Director	$0	$25,256	$211,866
Marilyn Kelly	DIRECTOR	1.0	Director	$0	$0	$0
Matthew J Simoncini	DIRECTOR	1.0	Director	$0	$0	$0
QUINCY ALLEN	DIRECTOR	1.0	Director	$0	$0	$0
Sean Werdlow	DIRECTOR	1.0	Director	$0	$0	$0
Susan Telang	DIRECTOR	1.0	Director	$0	$0	$0
Terri Lynn Land	DIRECTOR	1.0	Director	$0	$0	$0
Tosha Padgett Brown	DIRECTOR/PRESIDENT WSU ALUMNI ASSOCIATION	1.0	Director	$0	$0	$0
Alana Askew	ASST VP TREASURY	5.0	Officer	$0	$18,061	$139,127
Bethany Gielczyk	SR VP, CFO & TREASURER	1.0	Officer	$0	$24,614	$280,454
David Massaron	SR VP, CFO & TREASURER (PART YEAR)	1.0	Officer	$0	$35,558	$376,597
Neco T Walker	SECRETARY	15.0	Officer	$0	$26,712	$121,335
M Roy Wilson MD MS	UNIVERSITY PRESIDENT (FORMER)	2.0		$0	$170,385	$1,059,378
ROBERT REAVES	DIRECTOR (FORMER)	1.0		$0	$3,828	$113,659
Susan E Burns	PRESIDENT (FORMER)	15.0		$0	$20,122	$185,360

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	$21,711,369	$26,385,001	$596,291,272	$-4,673,632
2023	$9,335,750	$24,181,087	$504,174,175	$-14,845,337
2022	$143,332,679	$23,095,067	$453,355,197	$120,237,612
2021	$23,428,469	$19,297,349	$515,100,298	$4,131,120
2020	$23,111,509	$18,798,342	$420,994,306	$4,313,167
2019	$32,838,241	$17,947,015	$399,810,411	$14,891,226
2018	$39,724,639	$17,606,998	$391,944,258	$22,117,641

WAYNE STATE UNIVERSITY FOUNDATION