WILLIAM & MARY ATHLETIC EDUCATIONAL FOUNDATION (EIN 546056480) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

DANIELLE MAGEE

Phone

7572213350

Tax Period

2023-07-01 to 2024-06-30

WILLIAM & MARY ATHLETIC EDUCATIONAL FOUNDATION, founded in 1948, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $5.8M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE FOUNDATION PROVIDES SUPPORT FOR THE ATHLETIC DEPARTMENT OF THE COLLEGE OF WILLIAM AND MARY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,977,700

Program Service Revenue $0

Investment Income $363,076

Other Revenue $185,910

TOTAL REVENUE $7,526,686

Expense Breakdown

Grants Paid $6,631,057

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,863,434

Other Expenses $881,348

TOTAL EXPENSES $7,512,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,526,686	$8,051,973	-0.1%
Expenses	$7,512,405	$5,930,267	+0.3%
Net Income	$14,281	$2,121,706	-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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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

$243,358

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R BRACKEN	CHAIRMAN	6.00	Officer Director	$0	$0	$0
MARC ELIM	PAST CHAIRMAN	0.50	Officer Director	$0	$0	$0
WAYNE EDMUNDS	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN TUTTLE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ALEX KURLAND	SECRETARY	1.00	Director	$0	$0	$0
SUE GERDELMAN	AT-LARGE - PENINSULA	0.50	Director	$0	$0	$0
RON HOLMES	AT-LARGE METRO DC	0.50	Director	$0	$0	$0
MARK BODDY	AT-LARGE - RICHMOND	0.50	Director	$0	$0	$0
NANCY MATHEWS	AT-LARGE WILLIAMSBURG	0.05	Director	$0	$0	$0
MAISIE O'FLANAGAN	AT-LARGE WEST COAST	0.50	Director	$0	$0	$0
DR JOHN DONAHUE	FACULTY REPRESENTATIVE	0.50	Director	$0	$0	$0
KAYLA BECKWITH	STUDENT ATHLETE REP	0.50	Director	$0	$0	$0
HOLLIS MATHIS	STUDENT ATHLETE REP	0.50	Director	$0	$0	$0
DANIELLE MAGEE	DIRECTOR OF FINANCE	40.00	Officer	$0	$27,280	$82,443
TODD MCFARLANE	DIRECTOR	50.00	Officer	$0	$0	$0
JARRAD TURNER	DIRECTOR - FORMER	50.00	Officer	$0	$22,764	$160,915

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	$7,526,686	$7,512,405	$9,854,211	$14,281
2023	$8,051,973	$5,930,267	$10,097,721	$2,121,706
2022	$5,152,449	$5,316,878	$7,493,580	$-164,429
2022	$5,152,449	$5,316,878	$7,493,580	$-164,429
2021	$8,298,707	$3,194,894	$8,077,360	$5,103,813
2020	$3,404,871	$6,243,056	$3,514,147	$-2,838,185
2019	$4,619,878	$5,756,455	$6,177,607	$-1,136,577

WILLIAM & MARY ATHLETIC EDUCATIONAL FOUNDATION