VIRGINIA WESLEYAN UNIVERSITY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

JOHN GROULX

Phone

7574555707

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA WESLEYAN UNIVERSITY, founded in 1961, is a mid-sized nonprofit that reported $85.9M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.5M, a strong 16% operating margin.

Mission

AN INCLUSIVE COMMUNITY DEDICATED TO SCHOLARSHIP AND SERVICE GROUNDED IN THE LIBERAL ARTS AND SCIENCES, VIRGINIA WESLEYAN UNIVERSITY INSPIRES STUDENTS TO BUILD MEANINGFUL LIVES THROUGH ENGAGEMENT IN COASTAL VIRGINIA'S DYNAMIC METROPOLITAN REGION, THE NATION, AND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $45,266,897 Revenue: $44,732,624

EDUCATIONAL AND GENERAL EXPENSES TO INCLUDE INSTRUCTIONAL SERVICES, PUBLIC SERVICES, PLANT OPERATIONS AND STUDENT AID. FOR APPROXIMATELY 1,600 TRADITIONAL STUDENTS AND 3,100 CONTINUING EDUCATION...

EDUCATIONAL AND GENERAL EXPENSES TO INCLUDE INSTRUCTIONAL SERVICES, PUBLIC SERVICES, PLANT OPERATIONS AND STUDENT AID. FOR APPROXIMATELY 1,600 TRADITIONAL STUDENTS AND 3,100 CONTINUING EDUCATION LEARNERS ENROLLED IN FISCAL YEAR 2024 WITH 241 STUDENTS GRADUATING WITH BACCALAUREATE DEGREES AND 38 STUDENTS GRADUATING WITH GRADUATE DEGREES.

Program 2

Expenses: $7,308,877 Revenue: $11,009,047

AUXILARY ENTERPRISES TO INCLUDE RESIDENCE HALLS, DINING HALL AND CONFERENCE FACILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,178,484

Program Service Revenue $54,083,137

Investment Income $1,471,264

Other Revenue $2,176,080

TOTAL REVENUE $85,908,965

Expense Breakdown

Grants Paid $25,614,834

Salaries & Benefits $21,947,285

Fundraising Expenses $736,140

Program Expenses $52,575,774

Other Expenses $24,880,857

TOTAL EXPENSES $72,442,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,908,965	$74,324,572	+0.2%
Expenses	$72,442,976	$67,635,616	+0.1%
Net Income	$13,465,989	$6,688,956	+1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

644

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

$1,567,882

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN E PRUDEN	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY T DEFORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MAVIS E MCKENLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
J TIM BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN F MALBON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN S GOODE	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE K CHIP TSANTES III	TRUSTEE	1.00	Director	$0	$0	$0
GARY D BONNEWELL	TRUSTEE	1.00	Director	$0	$0	$0
DOUG WILSON	TRUSTEE	1.00	Director	$0	$0	$0
SHARON S GOODWYN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM W GRANGER III	TRUSTEE	1.00	Director	$0	$0	$0
W TAYLOR FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD P KERN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID L KAUFMAN	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT J MASTRACCO JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT W MCFARLAND	TRUSTEE	1.00	Director	$0	$0	$0
ERIC C NYMAN	TRUSTEE	1.00	Director	$0	$0	$0
TASSOS J PAPHITES	TRUSTEE	1.00	Director	$0	$0	$0
ROBIN D RAY	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS F RYAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES H SHUMADINE	TRUSTEE	1.00	Director	$0	$0	$0
LEE T STEVENSON	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH R THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH G TRINDER II	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J WHITE	TRUSTEE	1.00	Director	$0	$0	$0
G ROBERT ASTON JR	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW R NUSBAUM	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL R RAWLS	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY WALTERS	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH M PAXSON	TRUSTEE	1.00	Director	$0	$0	$0
GRAHAM GARRENTON	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA M MERCER MD	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH P RUDDY	TRUSTEE	1.00	Director	$0	$0	$0
JACLYN B RUELLE	TRUSTEE	1.00	Director	$0	$0	$0
DR SCOTT D MILLER	PRESIDENT	50.00	Officer	$511,652	$85,537	$597,189
MARY RYBERG	FORMER VICE PRESIDENT FOR FINANCE	40.00	Officer	$176,341	$21,156	$197,497
JOHN GROULX	VICE PRESIDENT FOR FINANCE	40.00	Officer	$0	$0	$0
SUSAN E LARKIN	PROVOST & VICE PRESIDENT FOR ACADEMIC AFFAIRS	40.00	Officer	$171,847	$20,163	$192,010
HEATHER CAMPBELL	VICE PRESIDENT FOR ENROLLMENT	40.00	Officer	$121,772	$26,528	$148,300
KEITH MOORE	SENIOR VICE PRESIDENT	40.00	Officer	$151,474	$22,876	$174,350
DEIRDRE GONSALVES-JACKSON	VICE PRESIDENT FOR VWU GLOBAL CAMPUS	40.00	Officer	$112,599	$25,558	$138,157
KELLY CORDOVA	CHIEF OF STAFF	40.00	Officer	$95,869	$24,510	$120,379
GREGORY SKINNER	CHIEF INFORMATION OFFICER	40.00	Highest	$140,919	$17,987	$158,906
DAVID MACEDO	HEAD MEN'S BASKETBALL COACH	40.00	Highest	$155,441	$29,062	$184,503
MAYNARD SCHAUS	PROFESSOR	40.00	Highest	$123,306	$26,625	$149,931
MICHELLE VACHRIS	PROFESSOR	40.00	Highest	$128,526	$17,920	$146,446
TERRENCE LINDVALL	PROFESSOR	40.00	Highest	$126,736	$26,223	$152,959
STEVEN M EMMANUEL	PROFESSOR	40.00	Highest	$122,810	$17,291	$140,101

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	$85,908,965	$72,442,976	$249,665,547	$13,465,989
2023	$74,324,572	$67,635,616	$227,055,881	$6,688,956
2022	$75,316,458	$66,366,160	$215,366,636	$8,950,298
2021	$125,523,879	$63,576,037	$235,747,465	$61,947,842
2020	$67,002,662	$66,608,093	$159,824,749	$394,569
2019	$65,517,256	$66,865,054	$160,838,985	$-1,347,798
2018	$64,489,394	$67,251,409	$159,859,558	$-2,762,015