WAYNE STATE FOUNDATION (EIN 476032870) - 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

1961

Legal Domicile

Principal Officer

ROBERT MACHOVSKY

Phone

4023757510

Tax Period

2024-07-01 to 2025-06-30

WAYNE STATE FOUNDATION, founded in 1961, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $7.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO AID, ASSIST & PROMOTE EDUCATION

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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 $3,744,635

Program Service Revenue $73,865

Investment Income $1,454,148

Other Revenue $48,908

TOTAL REVENUE $5,321,556

Expense Breakdown

Grants Paid $6,343,918

Salaries & Benefits $562,865

Fundraising Expenses $359,892

Program Expenses $6,537,435

Other Expenses $447,059

TOTAL EXPENSES $7,353,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,321,556	$7,968,712	-0.3%
Expenses	$7,353,842	$5,304,912	+0.4%
Net Income	$-2,032,286	$2,663,800	-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

Volunteers

233

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

$110,127

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA CARHART	PRESIDENT	0.00	Officer Director	$0	$0	$0
LESLIE BEBEE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MATTHEW LEY	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
N/A	TRUSTEE	0.00		$0	$0	$0
MELISSA NELSON	INTERIM CHIEF EXECUTIVE OFFICER	40.00	Officer	$110,127	$0	$110,127

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	$5,321,556	$7,353,842	$47,814,939	$-2,032,286
2024	$7,968,712	$5,304,912	$46,905,361	$2,663,800
2023	$6,398,455	$5,803,578	$41,078,964	$594,877
2022	$5,612,545	$4,876,224	$38,404,095	$736,321
2021	$4,518,187	$3,869,267	$42,284,892	$648,920
2020	$4,702,660	$3,557,816	$34,104,831	$1,144,844
2019	$6,472,386	$5,893,088	$32,445,953	$579,298

WAYNE STATE FOUNDATION