WESLEY COLLEGE INC

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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

1873

Legal Domicile

Principal Officer

DENNIS E STARK

Phone

3027362484

Tax Period

2020-07-01 to 2021-06-30

WESLEY COLLEGE INC, founded in 1873, is a mid-sized nonprofit that reported $24.1M in total revenue in fiscal year 2020. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $39.0M exceeded revenue, resulting in a 62% operating deficit.

Mission

WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR METHODIST HERITAGE, THE COLLEGE AFFIRMS MEANING AND PURPOSE IN LIFE THROUGH JUSTICE, COMPASSION, INCLUSION AND SOCIAL RESPONSIBILITIES THAT ENHANCE COMMUNITY LIFE AND RESPECT FOR THE ENVIRONMENT. WESLEY COLLEGE EXISTS TO LIBERATE AND EMPOWER ITS STUDENTS WITH THE KNOWLEDGE, SKILLS, ETHICAL ATTITUDE AND CAPACITY FOR CRITICAL THINKING NEEDED TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS AND TO CONTRIBUTE TO THE LOCAL AND GLOBAL SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $29,910,961 Revenue: $24,468,526

WESLEY COLLEGE IS A UNITED METHODIST INSTITUTION OF HIGHER EDUCATION THAT SEEKS TO BE AMONG THE FINEST STUDENT-CENTERED LEARNING COMMUNITIES IN THE LIBERAL ARTS TRADITION. CONSISTENT WITH OUR...

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,578,891

Program Service Revenue $24,468,526

Investment Income $-1,929,091

Other Revenue $15,397

TOTAL REVENUE $24,133,723

Expense Breakdown

Grants Paid $10,996,858

Salaries & Benefits $12,839,084

Fundraising Expenses $269,389

Program Expenses $29,910,961

Other Expenses $15,157,047

TOTAL EXPENSES $38,992,989

Year-over-Year Comparison

	2020	2019	Change
Revenue	$24,133,723	$45,511,514	-0.5%
Expenses	$38,992,989	$43,905,479	-0.1%
Net Income	$-14,859,266	$1,606,035	-10.3%

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

543

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

$378,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CLARK II	PRESIDENT EMERITUS	40.00	Officer	$231,160	$24,865	$256,025
MALCOLM D'SOUZA	DEAN OF SPONSORED RESEARCH	40.00	Highest	$140,650	$4,268	$144,918
ALBAN W URBANAS	ACTING PRESIDENT	40.00	Officer	$115,913	$6,165	$122,078
WILLIAM J STRICKLAND	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM H WILLIS JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE SMITH CHRISTIANO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES R DASHIELL JR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BURTON	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIAM E BAZZELLE SR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID V BLAEUER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT R BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY J CONSTANTINE	DIRECTOR	1.00	Director	$0	$0	$0
REV BOYD B ETTER	DIRECTOR	1.00	Director	$0	$0	$0
REV VICKI GORDY-STITH	DIRECTOR	1.00	Director	$0	$0	$0
REV W LEROY JONES	DIRECTOR	1.00	Director	$0	$0	$0
ALAN B LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD L MASTEN	DIRECTOR	1.00	Director	$0	$0	$0
REV CHARLOTTE A NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
MATHEW T SELLITTO	DIRECTOR	1.00	Director	$0	$0	$0
HARRY D WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BAIRD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MERCARDANTE	DIRECTOR	1.00	Director	$0	$0	$0
HONORABLE CHARLES H TOLIVER IV	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY V MOORE	DIRECTOR	1.00	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
2021	$24,133,723	$38,992,989	$23,971,685	$-14,859,266
2020	$45,511,514	$43,905,479	$34,931,905	$1,606,035
2019	$41,070,614	$43,727,218	$34,385,655	$-2,656,604
2018	$47,071,146	$47,343,837	$34,343,087	$-272,691