CHARLESTON, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WEST VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES INC, founded in 1951, is a small nonprofit in the Education sector that reported $490K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $618K exceeded revenue, resulting in a 26% operating deficit.
THE MISSION OF WVICU IS "TO CHAMPION INDEPENDENT HIGHER EDUCATION THROUGHOUT THE STATE OF WEST VIRGINIA". THE VISION FURTHER STATES THAT INDEPENDENT HIGHER EDUCATION IN WEST VIRGINIA WILL BE AN ACCESSIBLE, INDISPENSABLE AND HIGHLY VISIBLE COMPONENT OF THE STATE'S EDUCATIONAL, ECONOMIC, AND CULTURAL LIFE. WVICU CURRENTLY SERVES SIX NOT-FOR-PROFIT MEMBER INSTITUTIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $490,029 | $442,587 | +0.1% |
| Expenses | $618,167 | $555,750 | +0.1% |
| Net Income | $-128,138 | $-113,163 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN MCCUSKEY | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| ROSSITSA GETSKOVA | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| AARON SPORCK | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN HARDESTY | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC MOHAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TAYLOR NUTTING GURBACS | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN DENIKER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| N/A | CHAIRMAN - DAVIS & ELKINS | 2.00 |
|
$0 | $0 | $0 |
| N/A | VICE CHAIRMAN - UNIVERSITY | 2.00 |
|
$0 | $0 | $0 |
| N/A | MEMBER - BETHANY COLLEGE | 2.00 |
|
$0 | $0 | $0 |
| N/A | MEMBER - APPALACHIAN BIBLE | 2.00 |
|
$0 | $0 | $0 |
| N/A | MEMBER - WV WESLEYAN COLLE | 2.00 |
|
$0 | $0 | $0 |
| N/A | MEMBER - WHEELING UNIVERSI | 2.00 |
|
$0 | $0 | $0 |
| BEN BEAKES | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$0 | $0 | $100,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $490,029 | $618,167 | $3,392,277 | $-128,138 |
| 2023 | $442,587 | $555,750 | $3,284,717 | $-113,163 |
| 2022 | $1,011,077 | $602,824 | $3,092,498 | $408,253 |
| 2021 | $493,971 | $605,667 | $3,190,270 | $-111,696 |
| 2020 | $467,433 | $859,498 | $3,025,972 | $-392,065 |
| 2019 | $759,551 | $542,498 | $3,186,612 | $217,053 |
| 2018 | $413,310 | $604,535 | $3,033,047 | $-191,225 |
Compare WEST VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES INC with other nonprofits in West Virginia and across the country.