Winston-Salem State University Foundation Inc (EIN 560989620) - 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

1970

Legal Domicile

Principal Officer

Kevan Turman

Phone

3367503005

Tax Period

2024-07-01 to 2025-06-30

Winston-Salem State University Foundation Inc, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $15.6M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $14.5M left a modest 7% surplus.

Mission

To provide financial support to the students and faculty of Winston-Salem 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 $5,959,216

Program Service Revenue $5,019,332

Investment Income $1,334,062

Other Revenue $3,298,811

TOTAL REVENUE $15,611,421

Expense Breakdown

Grants Paid $1,165,097

Salaries & Benefits $542,896

Fundraising Expenses $61,949

Program Expenses $12,839,110

Other Expenses $12,834,866

TOTAL EXPENSES $14,542,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,611,421	$9,030,501	+0.7%
Expenses	$14,542,859	$12,601,251	+0.2%
Net Income	$1,068,562	$-3,570,750	-1.3%

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

Volunteers

N/A

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

$400,000

Total Directors

$400,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Kevan Turman	Executive Director	040.00	Officer Director	$0	$0	$235,000
Mr Alfredo Aguilar	Chief Operating Officer	040.00	Officer Director	$165,000	$0	$165,000
Ms Kristie Swink Benson	Director	001.00	Director	$0	$0	$0
Dr Tamara Holmes Brothers	Vice Chair	001.00	Officer Director	$0	$0	$0
Ms Nicole Carr	Director	001.00	Director	$0	$0	$0
Mr Marcus Cox	Chair	001.00	Director	$0	$0	$0
Dr Siobahn Day Grady	Secretary	001.00	Director	$0	$0	$0
Mr Jonathan Lindsay	Director	001.00	Director	$0	$0	$0
Ms Candrice T Oliver	Secretary	001.00	Officer Director	$0	$0	$0
The Honorable Camille Banks-Prince	Director	001.00	Director	$0	$0	$0
Mr Tres J Vance	Director	001.00	Director	$0	$0	$0
Mr Christopher Wilson	Director	001.00	Director	$0	$0	$0
Mr Mo Wright	Treasurer	001.00	Officer Director	$0	$0	$0
Dr Bonita Brown	Director	001.00	Director	$0	$0	$0
Mr Terry Griffin	Director	001.00	Director	$0	$0	$0
Dr Monty Hickman	Director	001.00	Director	$0	$0	$0
Mr Harold Respass	Director	001.00	Director	$0	$0	$0
Mr Robert Stephens	Director	001.00	Director	$0	$0	$0
Dr Bernard Roper	Director	001.00	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	$15,611,421	$14,542,859	$105,317,585	$1,068,562
2024	$9,030,501	$12,601,251	$97,879,162	$-3,570,750
2023	$8,698,843	$8,377,370	$98,940,013	$321,473
2022	$10,006,933	$6,991,452	$99,996,006	$3,015,481
2021	$36,998,091	$4,744,386	$101,451,947	$32,253,705

Winston-Salem State University Foundation Inc