WAKE FOREST UNIVERSITY FOUNDATION

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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

1996

Legal Domicile

Principal Officer

Susan R Wente PhD

Phone

3367585233

Tax Period

2023-07-01 to 2024-06-30

WAKE FOREST UNIVERSITY FOUNDATION, founded in 1996, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $285K exceeded revenue, resulting in a 82% operating deficit.

Mission

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University ("WFU"). Its objectives include: (1) serving as a holding and management company for long-term properties and endowments; (2) managing planned-giving properties and programs; (3) assisting in WFU development; (4) obtaining, acquiring, receiving, constructing, erecting or otherwise providing real and personal property; improving properties to which the organization holds title; and holding, retaining, leasing, licensing, renting, managing, investing, reinvesting, selling, or otherwise disposing of or assigning the income from and/or rights in or to real and personal property; and (5) establishing subsidiary organizations or entities.

Program Service Accomplishments

Program 1

Expenses: $284,826 Revenue: $24,504

The organization holds, leases, manages, and invests income from, through its disregarded subsidiary entities, certain real properties on behalf of its parent organization, Wake Forest 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,092

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,826

Other Expenses $284,826

TOTAL EXPENSES $284,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,092	$165,184	-0.1%
Expenses	$284,826	$259,187	+0.1%
Net Income	$-128,734	$-94,003	+0.4%

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

$3,654,826

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mit B Shah	Chair	0.20	Director	$0	$0	$0
Robert J McCreary	Vice Chair	0.20	Director	$0	$0	$0
Lynn C Baranski	Trustee	0.20	Director	$0	$0	$0
Frederick W Eubank II	Trustee	0.20	Director	$0	$0	$0
Peter C Brockway	Trustee	0.20	Director	$0	$0	$0
Frank B Holding	Trustee	0.20	Director	$0	$0	$0
Marybeth Torbet Hays	Trustee	0.20	Director	$0	$0	$0
Aubrey L Martin	Trustee	0.20	Director	$0	$0	$0
John M McAvoy	Trustee	0.20	Director	$0	$0	$0
James M O'Connell	Trustee	0.20	Director	$0	$0	$0
Ogden Phipps II	Trustee	0.20	Director	$0	$0	$0
Michael C Smith	Trustee	0.20	Director	$0	$0	$0
David I Wahrhaftig	Trustee	0.00	Director	$0	$0	$0
Jacqueline A Travisano EdD	VP & Treasurer	0.20	Officer	$0	$129,267	$794,105
J Reid Morgan	Secretary	0.20	Officer	$0	$108,874	$799,445
Susan R Wente PhD	President	0.20	Officer	$0	$325,680	$1,799,376
Anita M Conrad	Assistant Secretary through 10/31/23	0.40	Officer	$0	$42,998	$261,900

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	$156,092	$284,826	$5,869,353	$-128,734
2023	$165,184	$259,187	$7,526,237	$-94,003
2022	$32,660	$201,138	$7,089,565	$-168,478
2021	$25,782	$265,063	$9,025,553	$-239,281
2020	$15,255	$313,534	$9,248,798	$-298,279
2019	$13,664	$339,782	$10,674,918	$-326,118
2018	$37,694	$353,337	$10,806,166	$-315,643