WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION (EIN 550708567) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

KIMBERLY DUFF

Phone

3047664133

Tax Period

2024-07-01 to 2025-06-30

WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit that reported $21.9M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER, SUPPORT, AND ASSIST, IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES OF WVSU.

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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 $21,948,803

Program Service Revenue $0

Investment Income $1,037

Other Revenue $0

TOTAL REVENUE $21,949,840

Expense Breakdown

Grants Paid $5,397,961

Salaries & Benefits $9,519,296

Fundraising Expenses $0

Program Expenses $21,178,215

Other Expenses $6,513,825

TOTAL EXPENSES $21,431,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,949,840	$16,426,621	+0.3%
Expenses	$21,431,082	$15,657,473	+0.4%
Net Income	$518,758	$769,148	-0.3%

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

262

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

$340,500

Total Directors

$340,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY DUFF	EXECUTIVE DIRECTOR	37.50	Officer Director	$130,805	$5,700	$136,505
DR AMI SMITH	VICE CHAIR	1.00	Officer Director	$182,411	$21,584	$203,995
MRS DEBORAH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
DR SEAN COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
MR IAN FLORES	DIRECTOR	1.00	Director	$0	$0	$0
DR BEN SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN FULLER	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR R CHARLES BYERS	CHAIR	1.00	Officer Director	$0	$0	$0
MR JOHN BECKVOLD	TREASURER	1.00	Officer Director	$0	$0	$0
MR ERICKE CAGE	DIRECTOR	1.00	Director	$0	$0	$0
MR WILLIAM LIPSCOMB	DIRECTOR	1.00	Director	$0	$0	$0
MS CLAIRE WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MR LOGAN STONE	DIRECTOR	1.00	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	$21,949,840	$21,431,082	$8,278,714	$518,758
2024	$16,426,621	$15,657,473	$6,455,092	$769,148
2023	$14,190,615	$13,064,856	$4,867,935	$1,125,759
2022	$13,215,542	$12,394,620	$4,178,465	$820,922
2021	$11,111,008	$9,543,644	$3,607,003	$1,567,364
2020	$12,870,354	$10,892,690	$3,693,090	$1,977,664
2019	$12,610,941	$10,736,426	$3,680,048	$1,874,515
2018	$15,201,493	$10,015,031	$3,840,437	$5,186,462

WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION