WINGATE UNIVERSITY

EIN: 566049935 501(c)(3) Education

WINGATE, NC

Total Revenue
$178,345,647
Total Expenses
$176,088,784
Total Assets
$299,668,007
Net Assets
$209,342,442
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1896
Legal Domicile
NC
Phone
8007555550
Tax Period
2024-06-01 to 2025-05-31

WINGATE UNIVERSITY, founded in 1896, is a major nonprofit in the Education sector that reported $178.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

A COMPREHENSIVE EDUCATIONAL INSTITUTION OFFERING BACCALAUREATE, MASTERS, AND DOCTORAL DEGREES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,739,303
Program Service Revenue $155,725,261
Investment Income $8,379,028
Other Revenue $3,502,055
TOTAL REVENUE $178,345,647

Expense Breakdown

Grants Paid $86,203,286
Salaries & Benefits $48,990,695
Fundraising Expenses $1,679,483
Program Expenses $142,807,114
Other Expenses $40,894,803
TOTAL EXPENSES $176,088,784

Year-over-Year Comparison

2024 2023 Change
Revenue $178,345,647 $164,237,457 +0.1%
Expenses $176,088,784 $170,937,687 +0.0%
Net Income $2,256,863 $-6,700,230 -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

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Governance

Voting Members
34
Independent Members
34
Employees
1809
Volunteers
49

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
6
$1,650,626
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amos Beason Trustee 0.5
Director
$0 $0 $0
Angelia Duncan Trustee 0.5
Director
$0 $0 $0
Becky Bullard Trustee 0.5
Director
$0 $0 $0
Benton Bragg Trustee 0.5
Director
$0 $0 $0
Bill Crowder Trustee 0.5
Director
$0 $0 $0
Bob Spence Trustee 0.5
Director
$0 $0 $0
Carl Tucker Trustee 0.5
Director
$0 $0 $0
Carolyn Brown Trustee 0.5
Director
$0 $0 $0
Carolyn Matthews Trustee 0.5
Director
$0 $0 $0
Chuck Howard Trustee 0.5
Director
$0 $0 $0
Craig Horn Trustee 0.5
Director
$0 $0 $0
Doug Turner Trustee 0.5
Director
$0 $0 $0
Ed West Trustee 0.5
Director
$0 $0 $0
Fonda Salgueiro Trustee 0.5
Director
$0 $0 $0
Frank Cagle Trustee 0.5
Director
$0 $0 $0
Greg Hinrichs Trustee 0.5
Director
$0 $0 $0
Jan Beatty-Hendley Trustee 0.5
Director
$0 $0 $0
Jason Bernd Trustee 0.5
Director
$0 $0 $0
Jim Mason Trustee 0.5
Director
$0 $0 $0
Joel Barham Trustee 0.5
Director
$0 $0 $0
Kacey Grantham Trustee 0.5
Director
$0 $0 $0
Kimberly Eagle Trustee 0.5
Director
$0 $0 $0
Luther Moore Trustee 0.5
Director
$0 $0 $0
Lynn Moss Trustee 0.5
Director
$0 $0 $0
Maria Lander Trustee 0.5
Director
$0 $0 $0
Morrison Creech Trustee 0.5
Director
$0 $0 $0
Patrick Brown Trustee 0.5
Director
$0 $0 $0
Paula Borden Trustee 0.5
Director
$0 $0 $0
Rashard Johnson Trustee 0.5
Director
$0 $0 $0
Ron Hinson Trustee 0.5
Director
$0 $0 $0
Russell Booker Trustee 0.5
Director
$0 $0 $0
Suzanne Philemon Trustee 0.5
Director
$0 $0 $0
Thom Dixon Trustee 0.5
Director
$0 $0 $0
Wayne Cooper Trustee 0.5
Director
$0 $0 $0
Benjamin Sidbury SVP General Counsel 40.0
Officer
$269,882 $21,189 $291,071
Heather Campbell Miller SVP Chief of Staff 40.0
Officer
$241,337 $21,780 $263,117
James R Bullock SVP 40.0
Officer
$290,438 $23,804 $314,242
Jeffrey Frederick Provost and Executive Vice President 40.0
Officer
$94,960 $5,785 $100,745
Melissa Perdue CFO 40.0
Officer
$244,092 $19,350 $263,442
Thomas Rhett Brown President 40.0
Officer
$388,763 $29,246 $418,009
Eric F Schneider Vice Provost 40.0
Highest
$208,450 $17,230 $225,680
Sergio Castello Dean, School of Business 40.0
Highest
$174,133 $15,342 $189,475
Shanta Dube Chair and Director, Dept of Public Health 40.0
Highest
$180,418 $15,821 $196,239
Steve Shank Vice President 40.0
Highest
$187,770 $11,183 $198,953
Susan P Bruce Dean, School of Pharmacy 40.0
Highest
$280,256 $20,449 $300,705
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 $178,345,647 $176,088,784 $299,668,007 $2,256,863
2024 $164,237,457 $170,937,687 $295,711,975 $-6,700,230
2023 $167,685,815 $168,957,523 $294,510,803 $-1,271,708
2022 $175,018,399 $163,636,695 $288,837,936 $11,381,704
2021 $167,389,255 $158,565,332 $294,754,183 $8,823,923
2020 $150,590,058 $153,746,580 $260,864,195 $-3,156,522
2019 $151,989,709 $145,876,147 $264,690,104 $6,113,562
2018 $138,999,176 $130,426,765 $237,490,952 $8,572,411
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