WASHINGTON ADVENTIST UNIVERSITY

EIN: 520643528 501(c)(3) Education

TAKOMA PARK, MD

Total Revenue
$32,982,147
Total Expenses
$33,106,555
Total Assets
$40,383,421
Net Assets
$13,781,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
MD
Principal Officer
PATRICK FARLEY
Phone
3018914551
Tax Period
2023-07-01 to 2024-06-30

WASHINGTON ADVENTIST UNIVERSITY, founded in 1904, is a mid-sized nonprofit in the Education sector that reported $33.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

WASHINGTON ADVENTIST UNIVERSITY IS A LEARNING COMMUNITY COMMITTED TO THE SEVENTH-DAY ADVENTIST CHRISTIAN VISION OF EXCELLENCE AND SERVICE. THIS COSMOPOLITAN INSTITUTION CHALLENGES STUDENTS TO SEIZE THE OPPORTUNITIES FOR LEARNING IN THE NATION'S CAPITAL IN ORDER TO BECOME MORAL LEADERS IN COMMUNITIES THROUGHOUT THE WORLD. FOUNDED IN 1904, WASHINGTON ADVENTIST UNIVERSITY IS A RESIDENTIAL CHRISTIAN INSTITUTION OFFERING FORMAL INSTRUCTION TO STUDENTS OF ALL BACKGROUNDS, PROVIDING A REGULAR CURRICULUM OF UNDERGRADUATE DEGREES, GRADUATE DEGREES,AND PROFESSIONAL CERTIFICATES IN HEALTH SCIENCES AND LIBERAL ARTS IN A SETTING THAT IS ACADEMICALLY CHALLENGING AND CHRIST CENTERED. IN THE CLASSROOM WAU STUDENTS BENEFIT FROM A LOW STUDENT TO FACULTY RATIOAND HIGHLY QUALIFIED FACULTY COMMITTED TO EVERY STUDENT'S SUCCESS. WAU CONFERRED 13 ASSOCIATES, 131 BACHELORS, AND 31 MASTERS DEGREES ON 175 STUDENTS, FROM AN ENROLLMENT OF 695 STUDENTS (UNDUPLICATED HEADCOUNT)DURING THE FISCAL YEAR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,302,983
Program Service Revenue $16,291,231
Investment Income $237,895
Other Revenue $3,150,038
TOTAL REVENUE $32,982,147

Expense Breakdown

Grants Paid $6,523,123
Salaries & Benefits $14,749,301
Fundraising Expenses $243,152
Program Expenses $19,008,632
Other Expenses $11,834,131
TOTAL EXPENSES $33,106,555

Year-over-Year Comparison

2023 2022 Change
Revenue $32,982,147 $29,533,078 +0.1%
Expenses $33,106,555 $35,976,468 -0.1%
Net Income $-124,408 $-6,443,390 -1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
31
Independent Members
30
Employees
538
Volunteers
38

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
5
$491,670
Total Directors
31
$301,500
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WEYMOUTH SPENCE UNIV. PRESIDENT/ BOARD SECRETARY 40.00
Officer Director
$158,703 $55,828 $214,531
PATRICK FARLEY EXEC VP OF FINANCE 40.00
Officer
$130,369 $10,209 $140,578
CHERYL KISUNZU SECRETARY & PROVOST 40.00
Officer
$126,280 $10,281 $136,561
RICARDO FLORES EXEC. DIRECTOR OF IT 40.00
Highest
$104,510 $8,046 $112,556
ISSA KAGABO PROFESSOR 40.00
Highest
$111,799 $9,469 $121,268
KRISTIN MITAS CHAIR/PROG DIR OF MEDICAL IMAGING 40.00
Highest
$100,308 $8,166 $108,474
PRESTON HAWES BOARD MEMBER & PROFESSOR 40.00
Director
$80,050 $6,919 $86,969
DAVE WEIGLEY CHAIR 0.50
Officer Director
$0 $0 $0
CELESTE RYAN BLYDEN VICE CHAIR 0.50
Officer Director
$0 $0 $0
EMMANUEL ASIEDU BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHEN LEE BOARD MEMBER 0.50
Director
$0 $0 $0
ROSEMARY ASCENCIO BOARD MEMBER 0.50
Director
$0 $0 $0
TIM BAILEY BOARD MEMBER 0.50
Director
$0 $0 $0
ALEX BARRIENTOS BOARD MEMBER 0.50
Director
$0 $0 $0
RENEE BATTLE-BROOKS BOARD MEMBER 0.50
Director
$0 $0 $0
HANNA BLAKE BOARD MEMBER 0.50
Director
$0 $0 $0
GAIL BOYER BOARD MEMBER 0.50
Director
$0 $0 $0
BENIN LEE BOARD MEMBER 0.50
Director
$0 $0 $0
MARVIN BROWN BOARD MEMBER 0.50
Director
$0 $0 $0
VIJAYAN CHARLES BOARD MEMBER 0.50
Director
$0 $0 $0
BOB CUNDIFF BOARD MEMBER 0.50
Director
$0 $0 $0
DUANE DORCH BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY FORDE BOARD MEMBER 0.50
Director
$0 $0 $0
GARY GIBBS BOARD MEMBER 0.50
Director
$0 $0 $0
DEBORAH HILL BOARD MEMBER 0.50
Director
$0 $0 $0
BRENDON JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
JERRY LUTZ BOARD MEMBER 0.50
Director
$0 $0 $0
DONALD E MELNICK MD BOARD MEMBER 0.50
Director
$0 $0 $0
MARCELLUS ROBINSON BOARD MEMBER 0.50
Director
$0 $0 $0
MARTA PEREZ BOARD MEMBER 0.50
Director
$0 $0 $0
LOIS PETERS BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD RAJARATHINAM BOARD MEMBER 0.50
Director
$0 $0 $0
ALBERT REECE BOARD MEMBER 0.50
Director
$0 $0 $0
DONOVAN ROSS BOARD MEMBER 0.50
Director
$0 $0 $0
CAROL VARNER BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES TAPP BOARD MEMBER 0.50
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 $32,982,147 $33,106,555 $40,383,421 $-124,408
2023 $29,533,078 $35,976,468 $42,392,094 $-6,443,390
2022 $30,377,539 $42,073,313 $46,663,688 $-11,695,774
2021 $36,340,942 $34,319,413 $57,611,513 $2,021,529
2020 $36,010,554 $37,969,147 $58,179,656 $-1,958,593
2019 $37,642,795 $42,955,065 $58,503,603 $-5,312,270
2018 $44,643,108 $41,425,124 $62,945,464 $3,217,984
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