GLENVILLE STATE UNIVERSITY FOUNDATION INC

EIN: 556021123 501(c)(3) Education

GLENVILLE, WV

Total Revenue
$6,593,255
Total Expenses
$3,129,457
Total Assets
$29,270,745
Net Assets
$26,128,609
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
WV
Principal Officer
DAVID HUTCHISON
Phone
3044624125
Tax Period
2023-07-01 to 2024-06-30

GLENVILLE STATE UNIVERSITY FOUNDATION INC, founded in 1961, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.5M, a strong 53% operating margin.

Mission

RAISING FUNDS TO PROVIDE SCHOLARSHIPS AND FUNDING FOR GENERAL EDUCATION PURPOSES

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,269,948
Program Service Revenue $0
Investment Income $1,718,780
Other Revenue $604,527
TOTAL REVENUE $6,593,255

Expense Breakdown

Grants Paid $2,440,452
Salaries & Benefits $212,697
Fundraising Expenses $142,718
Program Expenses $2,632,324
Other Expenses $476,308
TOTAL EXPENSES $3,129,457

Year-over-Year Comparison

2023 2022 Change
Revenue $6,593,255 $5,547,547 +0.2%
Expenses $3,129,457 $4,442,026 -0.3%
Net Income $3,463,798 $1,105,521 +2.1%
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
26
Independent Members
26
Employees
N/A
Volunteers
26

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
3
$0
Total Directors
26
$129,246
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA PETTIT PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN WESTFALL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY LEE MCPHERSON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TIMOTHY BUTCHER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT MARSHALL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HUTCHISON EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $129,246
BRENT BOGGS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN LAW BOARD MEMBER 1.00
Director
$0 $0 $0
SUE MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
GREG CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE ROSS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY BLAND STRICKLAND BOARD MEMBER 1.00
Director
$0 $0 $0
SAMMY GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW MINIGH BOARD MEMBER 1.00
Director
$0 $0 $0
STERLING BEANE JR BOARD MEMBER 1.00
Director
$0 $0 $0
GREG SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
GARY SKINNER BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG PATTERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN GILDEIN BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN LAY BOARD MEMBER 1.00
Director
$0 $0 $0
GARY RAY BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL REALE BOARD MEMBER 1.00
Director
$0 $0 $0
MARK A MANCHIN EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA O'BRIEN BOARD MEMBER 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 No data No data No data No data
2024 $6,593,255 $3,129,457 $29,270,745 $3,463,798
2023 $5,547,547 $4,442,026 $24,729,641 $1,105,521
2022 $4,974,166 $2,346,183 $22,168,448 $2,627,983
2021 $5,331,543 $1,656,230 $22,978,959 $3,675,313
2020 $1,794,332 $1,774,867 $16,566,924 $19,465
2019 $3,978,412 $2,835,727 $16,775,880 $1,142,685
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