UNIVERSITY OF MARY WASHINGTON FOUN… - 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

1975

Legal Domicile

Principal Officer

CATHERINE TURCOTTE

Phone

5406542053

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF MARY WASHINGTON FOUNDATION, founded in 1975, is a mid-sized nonprofit in the Education sector that reported $21.7M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14.3M, a strong 66% operating margin.

Mission

TO RECEIVE, HOLD, INVEST, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY OF ALL KINDS, EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF THE UNIVERSITY OF MARY WASHINGTON.

Program Service Accomplishments

Program 1

Expenses: $5,772,146 Revenue: $346,311

THE UMW FOUNDATION SERVES AS THE PRIVATE ASSET MANAGER FOR THE UNIVERISITY OF MARY WASHINGTON. THE FOUNDATION MANAGES ALL OF THE UNIVERSITY'S PRIVATELY DONATED CASH AND INVESTMENTS.

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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 $12,577,981

Program Service Revenue $346,311

Investment Income $8,450,919

Other Revenue $298,432

TOTAL REVENUE $21,673,643

Expense Breakdown

Grants Paid $4,878,466

Salaries & Benefits $931,316

Fundraising Expenses $308,434

Program Expenses $5,772,146

Other Expenses $1,519,875

TOTAL EXPENSES $7,329,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,673,643	$28,903,550	-0.3%
Expenses	$7,329,657	$8,584,087	-0.1%
Net Income	$14,343,986	$20,319,463	-0.3%

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

N/A

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

$11,796

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BARRY ESQ	IMMEDIATE PAST CHAIR	0.10	Officer Director	$0	$0	$0
PATRICIA KEMP	DIRECTOR	0.10	Director	$0	$0	$0
ANNE STEEN	CHAIR	0.30	Officer Director	$0	$0	$0
JACOB LONG	TREASURER	0.30	Officer Director	$0	$0	$0
LOUIS MARMO	DIRECTOR	0.10	Director	$0	$0	$0
ABAS ADENAN	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL CLENDENIN	DIRECTOR	0.10	Director	$0	$0	$0
JOHN BOWMAN	DIRECTOR	0.10	Director	$0	$0	$0
MIKHAEL CHARNOFF	DIRECTOR	0.10	Director	$0	$0	$0
JANEL DONOHUE	DIRECTOR	0.10	Director	$0	$0	$0
JAMES LLEWELLYN	DIRECTOR	0.10	Director	$0	$0	$0
XAVIER RICHARDSON	DIRECTOR	0.10	Director	$0	$0	$0
KERWIN MILLER	DIRECTOR	0.10	Director	$0	$0	$0
LESLIE TILGHMAN	DIRECTOR	0.10	Director	$0	$0	$0
JUSTIN GERBEREUX	DIRECTOR	0.10	Director	$0	$0	$0
DONNA GLADIS	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
VICKY WILDER	SECRETARY	0.30	Officer Director	$0	$0	$0
SARAH STRASSHEIM	VICE-CHAIR	0.30	Officer Director	$0	$0	$0
WILLIAM MURRAY	DIRECTOR	0.10	Director	$0	$0	$0
TROY PAINO	DIRECTOR	0.10	Director	$0	$0	$0
KOURTNEY WHITEHEAD	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT WHITT	DIRECTOR	0.10	Director	$0	$0	$0
CATHERINE TURCOTTE	EXECUTIVE DIRECTOR	30.00	Officer	$11,796	$0	$11,796
SHANNON WILLIAMS	CONTROLLER	50.00	Highest	$121,427	$0	$121,427
JEFFREY ROUNTREE	FORMER CEO	50.00		$348,762	$0	$348,762

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	$21,673,643	$7,329,657	$144,708,038	$14,343,986
2024	No data	No data	No data	No data
2023	$42,619,007	$7,188,239	$135,496,119	$35,430,768
2022	$10,995,561	$7,573,385	$108,466,422	$3,422,176
2021	$47,541,400	$14,104,024	$131,725,158	$33,437,376
2020	$19,915,035	$18,816,226	$186,636,934	$1,098,809
2019	$18,860,609	$19,947,672	$184,451,224	$-1,087,063
2018	$16,494,157	$19,059,355	$173,793,947	$-2,565,198

UNIVERSITY OF MARY WASHINGTON FOUNDATION