WEST VIRGINIA UNIVERSITY ALUMNI AS… - 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

1937

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

WEST VIRGINIA UNIVERSITY ALUMNI ASSOC LOYALTY PERMANENT ENDOWMENT, founded in 1937, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 227% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 85% operating margin.

Mission

PROVIDE SCHOLARSHIPS TO WEST VIRGINIA UNIVERSITY STUDENTS

Program Service Accomplishments

Program 1

Expenses: $229,978

THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION LOYALTY PERMANENT ENDOWMENT FUND WAS ESTABLISHED BY THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION BY TRUST INDENTURE DATED 12/31/37. THE ALUMNI...

THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION LOYALTY PERMANENT ENDOWMENT FUND WAS ESTABLISHED BY THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION BY TRUST INDENTURE DATED 12/31/37. THE ALUMNI ASSOCIAITON IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)6 OF THE IRC BY EXEMPTION LETTER DATED 2/3/53 AND THE FUND IS EXEMPT UNDER SECTION 501 (C) OF THE CODE BY LETTER DATED 11/20/46.THE TRUST INDENTURE DIRECTS THAT THE NET INCOME FROM THE FUND IS TO BE MADE AVAILABLE TO THE TRUST COMMITTEE WHICH IS COMPOSED OF DULY APPOINTED MEMBERS OF THE ALUMNI ASSOCIATION TO BE USED BY THE COMMITTEE TO CARRY OUT SPECIFIED PURPOSES OF THE ALUMNI ASSOC. THOSE PURPOSES AS SPECIFIED IN THE TRUST INDENTURE ARE TO PROVIDE FUNDS FOR MAINTENANCE AND ADMINISTRATIVE EXPENSES AT WVU AND TO PROVIDE SCHOLARSHIPS AT WEST VIRGINIA UNIVERSITY TO STUDENTS SELECTED BY THE TRUST COMMITTEE.

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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 $60,695

Program Service Revenue $0

Investment Income $2,023,785

Other Revenue $0

TOTAL REVENUE $2,084,480

Expense Breakdown

Grants Paid $229,978

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,978

Other Expenses $79,352

TOTAL EXPENSES $309,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,084,480	$638,247	+2.3%
Expenses	$309,330	$338,040	-0.1%
Net Income	$1,775,150	$300,207	+4.9%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	5.00		$55,040	$0	$55,040
KEVIN BERRY	EXECUTIVE SE	N/A	Officer Director	$0	$0	$0
THE HONORABLE IRENE C BERGER	MEMBER	N/A	Director	$0	$0	$0
JAMES C GARDILL	CHAIRMAN	N/A	Director	$0	$0	$0
DAVID K HENDRICKSON	MEMBER	N/A	Director	$0	$0	$0

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	$2,084,480	$309,330	$17,652,237	$1,775,150
2024	No data	No data	No data	No data
2023	$1,732,189	$506,771	$15,003,008	$1,225,418
2022	$1,295,710	$653,803	$14,439,407	$641,907
2021	$1,354,020	$703,393	$16,950,235	$650,627
2020	$348,795	$577,771	$13,722,898	$-228,976
2019	$510,643	$623,249	$14,029,937	$-112,606
2018	$861,326	$697,369	$13,684,782	$163,957

WEST VIRGINIA UNIVERSITY ALUMNI ASSOC LOYALTY PERMANENT ENDOWMENT