CONCORD UNIVERSITY FOUNDATION INC

EIN: 550551303 501(c)(3) Education

ATHENS, WV

Total Revenue
$9,252,545
Total Expenses
$3,085,401
Total Assets
$66,825,574
Net Assets
$59,847,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
WV
Principal Officer
JENNIFER WARE
Phone
3043846266
Tax Period
2024-07-01 to 2025-06-30

CONCORD UNIVERSITY FOUNDATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 67% operating margin.

Mission

TO GROW CHARITABLE RESOURCES, ENHANCE THE UNIVERSITY'S REPUTATION, AND STRENGTHEN RELATIONSHIPS WITH ALUMNI AND FRIENDS OF CONCORD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,300,481
Program Service Revenue $0
Investment Income $2,967,117
Other Revenue $-15,053
TOTAL REVENUE $9,252,545

Expense Breakdown

Grants Paid $1,004,263
Salaries & Benefits $135,585
Fundraising Expenses $10,335
Program Expenses $2,533,591
Other Expenses $1,945,553
TOTAL EXPENSES $3,085,401

Year-over-Year Comparison

2024 2023 Change
Revenue $9,252,545 $3,415,292 +1.7%
Expenses $3,085,401 $2,000,484 +0.5%
Net Income $6,167,144 $1,414,808 +3.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
21

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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER WARE CHAIR 2.00
Officer Director
$0 $0 $0
KEVIN POWELL VICE CHAIR 2.00
Officer Director
$0 $0 $0
PATRICIA MCCORMICK-MOORE TREASURER 2.00
Officer Director
$0 $0 $0
CHUCK BECKER SECRETARY 2.00
Officer Director
$0 $0 $0
GREG ALLEN MEMBER 2.00
Director
$0 $0 $0
GENE LOCKHART MEMBER 1.00
Director
$0 $0 $0
JASON LUNSFORD MEMBER 1.00
Director
$0 $0 $0
A JERRY BENSON MEMBER 2.00
Director
$0 $0 $0
JERRY BEASLEY MEMBER 0.50
Director
$0 $0 $0
CHARLES PACE TRUSTEE 0.50
Director
$0 $0 $0
DAVID KIRBY TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM COURSON MEMBER 2.00
Director
$0 $0 $0
CHRIS TUCK MEMBER 0.50
Director
$0 $0 $0
JIE CHEN MEMBER 1.00
Director
$0 $0 $0
GRACE HURNEY MEMBER 0.50
Director
$0 $0 $0
VENEICIA LOCKHART MEMBER 1.00
Director
$0 $0 $0
DIPALI NANDA MEMBER 0.50
Director
$0 $0 $0
APRIL LUSK MEMBER 0.50
Director
$0 $0 $0
SCOT MITCHELL MEMBER 1.00
Director
$0 $0 $0
RALPH MODENA MEMBER 0.50
Director
$0 $0 $0
DIMEJI ONAFUWA MEMBER 0.50
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 $9,252,545 $3,085,401 $66,825,574 $6,167,144
2024 $3,415,292 $2,000,484 $56,920,508 $1,414,808
2023 $2,226,125 $1,985,758 $51,477,848 $240,367
2022 $4,330,601 $1,996,686 $47,716,228 $2,333,915
2021 $3,681,775 $1,862,753 $54,675,387 $1,819,022
2020 $7,085,289 $2,359,450 $43,662,302 $4,725,839
2019 $1,839,169 $1,643,008 $42,181,670 $196,161
2018 $3,718,757 $1,537,724 $40,531,817 $2,181,033
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