WICHITA STATE UNIVERSITY ALUMNI AS… - Form 990 Financial Data

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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

1914

Legal Domicile

Principal Officer

SUSAN BARRETT

Phone

3169783290

Tax Period

2021-07-01 to 2022-06-30

WICHITA STATE UNIVERSITY ALUMNI ASSOCIATION INC, founded in 1914, is a small nonprofit that reported $890K in total revenue in fiscal year 2021. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO CREATE, MAINTAIN, AND ENHANCE RELATIONSHIPS AMONG WICHITA STATE UNIVERSITY ALUMNI, CURRENT AND PROSPECTIVE STUDENTS, FACULTY, STAFF, AND FRIENDS IN ORDER TO FOSTER LOYALTY, INTEREST, AND SUPPORT FOR THE UNIVERSITY AND FOR ONE ANOTHER.

Program Service Accomplishments

Program 1

Expenses: $67,344

FUNDING FOR SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY

Program 2

Expenses: $66,114

ALUMNI MAGAZINE - A PUBLICATION CONCERNING ALUMNI EVENTS AND ACTIVITIES SENT TO MEMBERS OF THE ALUMNI ASSOCIATION AND OTHER INTERESTED PARTIES. THERE ARE 8,063 MEMBERS.

Program 3

Expenses: $353,707 Revenue: $19,894

CHAPTER ACTIVITIES, MEETINGS AND PARTIES SPONSORED BY THE ALUMNI ASSOCIATION, INCLUDING AWARDS DAY, REUNIONS AND SENIOR CELEBRATIONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $530,947

Program Service Revenue $70,684

Investment Income $177,793

Other Revenue $110,953

TOTAL REVENUE $890,377

Expense Breakdown

Grants Paid $64,000

Salaries & Benefits $766,636

Fundraising Expenses $69,305

Program Expenses $553,441

Other Expenses $312,789

TOTAL EXPENSES $1,143,425

Year-over-Year Comparison

	2021	2020	Change
Revenue	$890,377	$1,244,386	-0.3%
Expenses	$1,143,425	$951,994	+0.2%
Net Income	$-253,048	$292,392	-1.9%

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

N/A

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

$223,673

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN ADDINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BERNSTORF	IMMEDIATE PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EDDY BROTEMARKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHY CARRIER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE ECKHART	CHAIR - DEV PROGRAM	1.00	Officer Director	$0	$0	$0
RICKI ELLISON	BOARD MEMBER	1.00	Director	$0	$0	$0
VIC EVERETT	CHAIR - UNIVERSITY PROGRAMS	1.00	Officer Director	$0	$0	$0
MOLLY FOX	CHAIR - ALUMNI PROGRAMS	1.00	Officer Director	$0	$0	$0
ARTHUR GLASS JR	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY HOOVER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CALEB KLEIN	CHAIR - FINANCE	1.00	Officer Director	$0	$0	$0
DONTE MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KHOL NANNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM NORTON	CHAIR - MEMBERSHIP/VOLUNTEER REC	1.00	Officer Director	$0	$0	$0
ANGELA PARRISH	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS PURDUM	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SCHAUMBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMEE SHOLTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN UNRUH	BOARD MEMBER	1.00	Director	$0	$0	$0
RODNEY VAN NORDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EVAN WESSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WEST	CHAIR - ADMIN PROGRAMS	1.00	Officer Director	$0	$0	$0
ERIC WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRON BOATRIGHT	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
TERI HALL	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
KELLY KELLY	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
ELIZABETH KING	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
RICK MUMA	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
DAN PEARE	BOARD MEMBER - EX-OFFICIO	1.00	Director	$0	$0	$0
COURTNEY MARSHALL	PRESIDENT & CEO	60.00	Officer	$115,114	$20,554	$135,668
HILLARY MARTIN	DIRECTOR OF FINANCE	40.00	Officer	$71,707	$16,298	$88,005

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
2022	$890,377	$1,143,425	No data	$-253,048
2021	$1,244,386	$951,994	$3,025,318	$292,392
2020	$1,075,338	$1,041,355	$2,589,255	$33,983
2019	$1,358,425	$1,213,112	$2,576,477	$145,313
2018	$1,149,087	$1,214,172	$2,634,300	$-65,085

WICHITA STATE UNIVERSITY ALUMNI ASSOCIATION INC