WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION (EIN 562038194) - 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

1996

Legal Domicile

Principal Officer

Susan R Wente PhD

Phone

3367585233

Tax Period

2022-07-01 to 2023-06-30

Mission

The organization operates as a supporting organization exclusively for the benefit of Wake Forest University, Wake Forest University Health Sciences, and Reynolda House, Inc., by holding, maintaining and selling real and personal property that has been donated for the benefit of one or more of the supported entities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,442

Other Expenses $8,442

TOTAL EXPENSES $8,442

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	$-337,944	-1.0%
Expenses	$8,442	$177,688	-1.0%
Net Income	N/A	$-515,632	N/A

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

$3,743,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mit B Shah	Chair	0.30	Director	$0	$0	$0
Robert J McCreary	Vice Chair	0.30	Director	$0	$0	$0
Diana Adams	Trustee	0.30	Director	$0	$0	$0
Cantey M Ergen	Trustee	0.30	Director	$0	$0	$0
Peter C Brockway	Trustee	0.30	Director	$0	$0	$0
Frank B Holding Jr	Trustee	0.30	Director	$0	$0	$0
Mary Torbet Hays	Trustee	0.30	Director	$0	$0	$0
Aubrey L Martin	Trustee	0.30	Director	$0	$0	$0
John M McAvoy	Trustee	0.30	Director	$0	$0	$0
James M O'Connell	Trustee	0.30	Director	$0	$0	$0
Ogden Phipps II	Trustee	0.30	Director	$0	$0	$0
Michael C Smith	Trustee	0.30	Director	$0	$0	$0
Susan R Wente PhD	President	0.30	Officer	$0	$314,071	$1,712,240
B Hofler Milam	Vice President & Treasurer	0.30	Officer	$0	$261,754	$996,092
J Reid Morgan	Secretary	0.30	Officer	$0	$142,213	$789,953
Anita M Conrad	Assistant Secretary	0.50	Officer	$0	$43,395	$244,717

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	No data	No data	No data	No data
2023	No data	$8,442	$215,711	No data
2022	$-337,944	$177,688	$223,333	$-515,632
2021	$-10,305	$63,035	$246,438	$-73,340
2020	$-73,169	$17,692	$310,327	$-90,861
2019	$9,421	$366,658	$386,472	$-357,237
2018	$262,511	$154,929	$705,527	$107,582

WAKE FOREST UNIVERSITY DEVELOPMENT FOUNDATION