Edward Waters University Inc (EIN 591146751) - 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

1967

Legal Domicile

Principal Officer

Erika Ancrum

Phone

9044708000

Tax Period

2024-07-01 to 2025-06-30

Edward Waters University Inc, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $37.8M in total revenue in fiscal year 2024.

Mission

The University strives to prepare students holistically to advance in a global society through the provision of intellectually stimulating programs and an environment which emphasizes high moral and spiritual values.

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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 $11,529,723

Program Service Revenue $25,936,683

Investment Income $9,762

Other Revenue $357,547

TOTAL REVENUE $37,833,715

Expense Breakdown

Grants Paid $2,941,009

Salaries & Benefits $1,327,292

Fundraising Expenses $413,980

Program Expenses $28,101,162

Other Expenses $33,369,455

TOTAL EXPENSES $37,637,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,833,715	$35,170,711	+0.1%
Expenses	$37,637,756	$34,194,501	+0.1%
Net Income	$195,959	$976,210	-0.8%

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

437

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

$1,327,292

Total Directors

$406,386

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Alderman Zachary Faison	President	040.00	Officer Director	$406,386	$0	$406,386
Dr Genyne Boston	Provost Senior Vice President for Academic Affairs	040.00	Officer	$178,500	$0	$178,500
Erika Ancrum	VP CFO	040.00	Officer	$156,000	$0	$156,000
Dr Ivana Rich	VP and Director of Intercollegiate Athletics	040.00	Officer	$125,627	$0	$125,627
Dr Jennifer Price	Vice President for Enrollment Management Strategic Matriculate Services	040.00	Officer	$123,000	$0	$123,000
Dr Jame'l Hodges	Vice President of Student Success and Engagement	040.00	Officer	$121,000	$0	$121,000
Dr Michael West	Vice President for Institutional Effectiveness, Operations, Systems Management, Process Optimization	040.00	Officer	$118,627	$0	$118,627
Dr Vonnice Boone	Special Assistant and Director	040.00	Officer	$50,000	$0	$50,000
Luz Randolph	Chief of Staff and Asst to the President for Strategic Initiatives	040.00	Officer	$48,152	$0	$48,152
Rev Ronnie Clark	Board Member	001.00	Director	$0	$0	$0
Rev Victor D Cole	Board Member	001.00	Director	$0	$0	$0
Rev Henry E Green	Board Member	001.00	Director	$0	$0	$0
Dr Freddie Groomes-McLendon	Vice Chairperson	001.00	Officer Director	$0	$0	$0
Rev Dr R B Holmes	Board Member	001.00	Director	$0	$0	$0
N/A	Secretary	001.00	Officer Director	$0	$0	$0
Rev Dr Julius H McAllister Jr	Board Member	001.00	Director	$0	$0	$0
Ms Sanjena V Clay	Board Member	001.00	Director	$0	$0	$0
Rev Clifton Riley	Board Member	001.00	Director	$0	$0	$0
Dr Rosa Simmons	Board Member	001.00	Director	$0	$0	$0
Ms Pamela D Prier	Board Member	001.00	Director	$0	$0	$0
Mr Charles Spencer	Board Member	001.00	Director	$0	$0	$0
Rev Elizabeth E Yates	Board Member	001.00	Director	$0	$0	$0
Rev Clarence Williams	Board Member	001.00	Director	$0	$0	$0
Bishop Frank M Reid III	Board Chairman	001.00	Officer Director	$0	$0	$0
Dr Benjamin Okafor	Board Member	001.00	Director	$0	$0	$0
Mr Malachi Beyah	Board Member	001.00	Director	$0	$0	$0
Mr Michael Ward	Board Member	001.00	Director	$0	$0	$0
Mr Philip Zoller	Board Member	001.00	Director	$0	$0	$0
Dr Edward Wheeler	Board Member	001.00	Director	$0	$0	$0
Dr Archie Bouie	Vice President for Business Finance	040.00	Officer	$0	$0	$0
Dr Sharron Taylor Burnett	Executive Vice President and Chief Operating Officer	040.00	Officer	$0	$0	$0
Mr Tourea Robinson	Vice President of Institutional Advancement, Development, Marketing Communications	040.00	Officer	$0	$0	$0
Ms Angela Getter	VP of Institutional Advancement	040.00		$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	$37,833,715	$37,637,756	$62,399,436	$195,959
2024	No data	No data	No data	No data
2023	$36,775,998	$35,410,151	$54,643,771	$1,365,847
2022	$45,994,382	$42,755,804	$56,000,486	$3,238,578
2021	$38,983,109	$29,108,705	$50,251,624	$9,874,404
2020	$28,944,971	$25,128,720	$40,840,876	$3,816,251
2019	$25,257,935	$24,589,150	$36,745,114	$668,785
2018	$27,544,760	$26,546,705	$36,263,158	$998,055

Edward Waters University Inc