VIRGINIA WESLEYAN UNIVERSITY

EIN: 546039600 501(c)(3)

VIRGINIA BEACH, VA

Total Revenue
$85,908,965
Total Expenses
$72,442,976
Total Assets
$249,665,547
Net Assets
$215,411,263
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
VA
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 $64.5M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year.

Mission

VIRGINIA WESLEYAN UNIVERSITY IS A FULLY ACCREDITED LIBERAL ARTS, UNITED-METHODIST RELATED INSTITUTION FOUNDED IN 1961.

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Trantor Score

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

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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
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Governance

Voting Members
34
Independent Members
34
Employees
644
Volunteers
56

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
13
$1,567,882
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
6
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
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