Winston Salem, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To provide financial support to the students and faculty of Winston-Salem State University.
Scholarship Assistance to students The Foundation supports students through scholarship assistance and related educational support.
Student/Faculty Special Assistance The Foundation extended its support to various campus programs and initiatives, including the university choir, the Red Sea of Sound marching band, and the...
Student/Faculty Special Assistance The Foundation extended its support to various campus programs and initiatives, including the university choir, the Red Sea of Sound marching band, and the athletics department, which encompasses golf, basketball, football, volleyball, and cheerleading. Furthermore, it contributed to AI training and development, as well as technological advancements. Additionally, the foundation supported international programs aimed at enhancing study abroad opportunities for faculty and staff, fostering student leadership development, and providing career services.
Operational and Program Support The Foundation has successfully enhanced operational efficiency and effectiveness by utilizing administrative fees and contract services, which have allowed for...
Operational and Program Support The Foundation has successfully enhanced operational efficiency and effectiveness by utilizing administrative fees and contract services, which have allowed for improved resource management, regulatory compliance, and mission execution. Additionally, alumni engagement has been significantly strengthened through events and entertainment designed to foster connections and encourage ongoing support for the university. Furthermore, the foundation has actively supported university activities and initiatives by covering expenses related to meals, travel, lodging, and other costs associated with faculty development, student recruitment, and special projects.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Winston-Salem State University Foundation Inc with other nonprofits in North Carolina and across the country.