KANSAS WESLEYAN UNIVERSITY FOUNDATION

EIN: 481032245 501(c)(3) Education

SALINA, KS

Total Revenue
$2,042,777
Total Expenses
$1,266,792
Total Assets
$26,343,105
Net Assets
$26,279,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
KS
Principal Officer
ANNETTA FLAX
Phone
7858334335
Tax Period
2022-07-01 to 2023-06-30

KANSAS WESLEYAN UNIVERSITY FOUNDATION, founded in 1987, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $776K, a strong 38% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO SECURE GIFTS OF MONEY OR PROPERTY TO ADVANCE THE EDUCATIONAL MISSION OF KANSAS WESLEYAN 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,079,955
Program Service Revenue $0
Investment Income $962,645
Other Revenue $177
TOTAL REVENUE $2,042,777

Expense Breakdown

Grants Paid $1,079,592
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,093,799
Other Expenses $187,200
TOTAL EXPENSES $1,266,792

Year-over-Year Comparison

2022 2021 Change
Revenue $2,042,777 $3,211,499 -0.4%
Expenses $1,266,792 $1,686,119 -0.2%
Net Income $775,985 $1,525,380 -0.5%
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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
7

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
8
$771,476
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MATTHEW THOMPSON PRESIDENT AND CEO, KWU 20.0
Officer
$0 $49,562 $292,178
KEN OLIVER ADMINISTRATOR AND VPAA, KWU 10.0
Officer
$0 $37,892 $231,130
RHONDA BETHE CFO, KWU 20.0
Officer
$0 $22,905 $125,829
ANNETTA D FLAX CFO, KWU 20.0
Officer
$0 $12,262 $74,873
CATHERINE DOUBRAVA SECRETARY 10.0
Officer
$0 $4,630 $47,466
ANNIE BOSWELL DIRECTOR 1.0
Director
$0 $0 $0
DAVID BRANDA DIRECTOR 1.0
Director
$0 $0 $0
GUSTAF APPLEQUIST VICE CHAIR 3.0
Officer Director
$0 $0 $0
MIKE BAUMBERGER DIRECTOR 1.0
Director
$0 $0 $0
ROBERT MEYER CHAIRMAN 1.0
Officer Director
$0 $0 $0
STEVE SCOFIELD DIRECTOR 1.0
Director
$0 $0 $0
TOM WILBUR TREASURER 1.0
Officer Director
$0 $0 $0
Jandrea Blumanhourst DIRECTOR 1.0
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,042,777 $1,266,792 $26,343,105 $775,985
2022 $3,211,499 $1,686,119 $23,691,090 $1,525,380
2021 $5,667,770 $1,423,672 $27,430,134 $4,244,098
2020 $976,113 $1,617,802 $17,922,175 $-641,689
2019 $633,687 $1,119,145 $18,075,312 $-485,458
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