THE WILLIAM & MARY ALUMNI ASSOCIAT… - 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

1923

Legal Domicile

Phone

7572211907

Tax Period

2024-07-01 to 2025-06-30

THE WILLIAM & MARY ALUMNI ASSOCIATION, founded in 1923, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 48% operating margin.

Mission

THE MISSION OF THE ALUMNI ASSOCIATION IS TO CULTIVATE A VIBRANT AND INCLUSIVE ALUMNI COMMUNITY COMMITTED TO DEEPENING CONNECTIONS WITH EACH OTHER AND WILLIAM & MARY FOR ALL TIME COMING.

Program Service Accomplishments

Program 1

Expenses: $1,371,374 Revenue: $885,274

ALUMNI ENGAGEMENT - BRINGS FELLOW WILLIAM & MARY ALUMNI BACK TOGETHER WITH THEIR ALMA MATER IN FAMILIAR AND NEW SPACES TO RECONNECT, GENERATE IMPACT AND CELEBRATE EACH OTHER.

Program 2

Expenses: $227,318

ALUMNI HOUSE PASS THROUGH - PROVIDE RENTAL PROGRAM REVENUE TO WILLIAM AND MARY'S OFFICE OF UNIVERSITY ADVANCEMENT

Program 3

Expenses: $66,707

AWARDS AND HONORS - ACTIVELY RECOGNIZING OUTSTANDING AND DEDICATED WILLIAM & MARY ALUMNI, FACULTY, COACHES AND STUDENTS THROUGH ROBUST AWARDS PROGRAMS THAT RECOGNIZE THE BEST OF THE BEST IN...

AWARDS AND HONORS - ACTIVELY RECOGNIZING OUTSTANDING AND DEDICATED WILLIAM & MARY ALUMNI, FACULTY, COACHES AND STUDENTS THROUGH ROBUST AWARDS PROGRAMS THAT RECOGNIZE THE BEST OF THE BEST IN PERPETUITY.

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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 $415,787

Program Service Revenue $779,464

Investment Income $2,459,671

Other Revenue $308,585

TOTAL REVENUE $3,963,507

Expense Breakdown

Grants Paid $71,650

Salaries & Benefits $0

Fundraising Expenses $20,982

Program Expenses $1,718,649

Other Expenses $1,993,926

TOTAL EXPENSES $2,065,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,963,507	$1,668,297	+1.4%
Expenses	$2,065,576	$1,467,002	+0.4%
Net Income	$1,897,931	$201,295	+8.4%

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

466

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

$378,057

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA REYNOLDS KENNY	PRESIDENT	6.00	Officer Director	$0	$0	$0
BRIAN JOSPEH FOCARINO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIRSTEN SHIROMA QUACKENBUSH	SECRETARY	2.00	Officer Director	$0	$0	$0
CHASE T JORDAN	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES H AMBROSE	MEMBER	1.00	Director	$0	$0	$0
JEAN MARIE BENTLEY	MEMBER	1.00	Director	$0	$0	$0
MILAN K CHAKRABORTY	MEMBER	1.00	Director	$0	$0	$0
JEAN BERGER ESTES	MEMBER	1.00	Director	$0	$0	$0
WILLIS HAYES GEE JR	MEMBER	1.00	Director	$0	$0	$0
ALICE GRACE GIVENS	MEMBER	1.00	Director	$0	$0	$0
GERALD A JEUTTER JR	MEMBER	1.00	Director	$0	$0	$0
BARBARA J MARCHBANK	MEMBER	1.00	Director	$0	$0	$0
HAROLD G MARTIN	MEMBER	1.00	Director	$0	$0	$0
GRACE A MARTINI	MEMBER	1.00	Director	$0	$0	$0
AARON K MOSBY	MEMBER	1.00	Director	$0	$0	$0
NATASHA T MOULTON-LEVY	MEMBER	1.00	Director	$0	$0	$0
FRED W PALMORE III	MEMBER	1.00	Director	$0	$0	$0
BARB LEE RAMSEY	MEMBER	1.00	Director	$0	$0	$0
JOANN ADRALES RUH	MEMBER	1.00	Director	$0	$0	$0
WILLIAM R SCHERMERHORN	MEMBER	1.00	Director	$0	$0	$0
JOHN COLE SCOTT	MEMBER	1.00	Director	$0	$0	$0
HODAN C SEAGER	MEMBER	1.00	Director	$0	$0	$0
LAURA P SHEEHAN	MEMBER	1.00	Director	$0	$0	$0
JOHN D WINDT	MEMBER	1.00	Director	$0	$0	$0
MATTHEW L BRANDON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$0	$30,078	$259,470
KATHLEEN S REDDING	CHIEF OPERATING OFFICER	40.00	Officer	$0	$16,980	$118,587
VALERIE J CUSHMAN	EXECUTIVE DIRECTOR, ALUMNI ENGAGEMENT & INCLUSION	30.00	Highest	$0	$18,534	$183,753
KELLY S HOLDCRAFT	EXECUTIVE DIRECTOR, ALUMNI SUCCESS	40.00	Highest	$0	$30,078	$162,877
JESSICA ABBEY R PEMBERTON	DIRECTOR OF BUDGET & FINANCE	40.00	Highest	$0	$28,782	$129,618

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	$3,963,507	$2,065,576	$21,778,100	$1,897,931
2024	$1,668,297	$1,467,002	$20,242,950	$201,295
2023	$1,410,806	$1,695,236	$18,584,705	$-284,430
2022	$1,967,274	$1,433,849	$17,614,016	$533,425
2021	$1,060,124	$392,433	$19,933,572	$667,691
2019	$2,636,313	$1,341,541	$17,973,025	$1,294,772

THE WILLIAM & MARY ALUMNI ASSOCIATION