WEST VIRGINIA STATE UNIVERSITY FOUNDATION INC (EIN 556019228) - 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

1959

Legal Domicile

Principal Officer

TREY JONES

Phone

3047663130

Tax Period

2024-07-01 to 2025-06-30

WEST VIRGINIA STATE UNIVERSITY FOUNDATION INC, founded in 1959, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 63% operating margin.

Mission

TO SUPPORT THE MISSION OF WEST VIRGINIA STATE UNIVERSITY.

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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 $8,350,202

Program Service Revenue $0

Investment Income $440,740

Other Revenue $330,760

TOTAL REVENUE $9,121,702

Expense Breakdown

Grants Paid $1,041,779

Salaries & Benefits $480,495

Fundraising Expenses $107,190

Program Expenses $2,417,545

Other Expenses $1,846,831

TOTAL EXPENSES $3,369,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,121,702	$4,088,228	+1.2%
Expenses	$3,369,105	$3,566,288	-0.1%
Net Income	$5,752,597	$521,940	+10.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR CHARLES R BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MRS LEAH GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
MR CHRISTOPHER PRICE	DIRECTOR	1.00	Director	$0	$0	$0
MR MARK A GRIMMETT	DIRECTOR	1.00	Director	$0	$0	$0
MRS MINNIE H JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK W KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MR MARK PENDELTON	DIRECTOR	1.00	Director	$0	$0	$0
MR ALLAN LEE MCVEY	DIRECTOR	1.00	Director	$0	$0	$0
COL PAMELA D CARTER	DIRECTOR	1.00	Director	$0	$0	$0
DR SHERI SESAY-TUFFOUR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MR JONATHAN TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
DR ANN BROTHERS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MR JAMES UNDERHILL	DIRECTOR	1.00	Director	$0	$0	$0
MR FRANK C WALKER II	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY T WILSON MPA	DIRECTOR	1.00	Director	$0	$0	$0
MR WALTER M WILKERSON	DIRECTOR	1.00	Director	$0	$0	$0
MR RANDALL COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN L FULLER	SECRETARY	1.00	Officer Director	$0	$0	$0
MR DANNY BLAIR	TREASURER	1.00	Officer Director	$0	$0	$0
DR SAMI M GHAREEB	DIRECTOR	1.00	Director	$0	$0	$0
MR BYARD COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MS JENNIFER HERRALD OAKLEY	CHAIR	1.00	Officer Director	$0	$0	$0
MRS BETTY CARDWELL SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
MR JULIAN IRVING	DIRECTOR	1.00	Director	$0	$0	$0
MR JOHN MACCORKLE	DIRECTOR	1.00	Director	$0	$0	$0
MR WILLIAM E SAWYERS	DIRECTOR	1.00	Director	$0	$0	$0
MR MAURICE WILKERSON	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	$9,121,702	$3,369,105	$28,756,670	$5,752,597
2024	$4,088,228	$3,566,288	$21,510,193	$521,940
2023	$3,692,140	$3,278,613	$19,287,091	$413,527
2022	$4,804,256	$2,341,475	$19,448,293	$2,462,781
2021	$4,097,908	$3,299,655	$17,892,775	$798,253
2020	$3,853,951	$4,455,903	$38,366,054	$-601,952
2019	$4,221,565	$3,863,257	$40,071,460	$358,308
2018	$4,083,273	$3,621,153	$40,314,328	$462,120

WEST VIRGINIA STATE UNIVERSITY FOUNDATION INC