COLLEGE HEIGHTS FOUNDATION INC

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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

1923

Legal Domicile

Principal Officer

DONALD SMITH

Phone

2707454597

Tax Period

2024-01-01 to 2024-12-31

COLLEGE HEIGHTS FOUNDATION INC, founded in 1923, is a mid-sized nonprofit in the Education sector that reported $48.2M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.7M, a strong 55% operating margin.

Mission

THE COLLEGE HEIGHTS FOUNDATION PROVIDES ASSISTANCE AND ENCOURAGEMENT TO DESERVING STUDENTS WHILE ADVANCING WESTERN KENTUCKY UNIVERSITY BY OFFERING FINANCIAL SUPPORT. THE CHF SERVES AS THE OFFICIAL REPOSITORY FOR PRIVATE GIFTS IN SUPPORT OF WKU AND IS COMMITTED TO SUPPORTING THE UNIVERSITY'S MISSION BY RECEIVING, INVESTING, STEWARDING, AND DISBURSING PRIVATE GIFTS IN ACCORDANCE WITH DONOR INTENT.

Program Service Accomplishments

Program 1

Expenses: $17,904,811

THE FOUNDATION PROVIDES SCHOLARSHIPS AND OTHER ASSISTANCE TO STUDENTS OF WESTERN KENTUCKY 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 (2024)

Revenue Breakdown

Contributions & Grants $33,822,375

Program Service Revenue $0

Investment Income $14,363,119

Other Revenue $30,512

TOTAL REVENUE $48,216,006

Expense Breakdown

Grants Paid $8,549,863

Salaries & Benefits $1,321,716

Fundraising Expenses $233,778

Program Expenses $17,904,811

Other Expenses $11,603,843

TOTAL EXPENSES $21,475,422

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,216,006	$23,067,395	+1.1%
Expenses	$21,475,422	$17,335,169	+0.2%
Net Income	$26,740,584	$5,732,226	+3.7%

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

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

$1,389,095

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY HALE CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
GEN E DANIEL CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA DORMAN	DIRECTOR	1.00	Director	$0	$0	$0
CLARENCE GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
R HARVEY JOHNSTON III	DIRECTOR	1.00	Director	$0	$0	$0
MARC A LOVELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM MARTENS	DIRECTOR	1.00	Director	$0	$0	$0
JERRY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA MILLS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L SIMPSON	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON VITALE	DIRECTOR	1.00	Director	$0	$0	$0
GARRY WATKINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WELLS	DIRECTOR	1.00	Director	$0	$0	$0
BOB YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY CABONI	WKU PRESEIDENT (EX-OFFICIO	2.00	Officer	$0	$61,474	$687,176
JESSICA CARVER	VICE PRESIDENT	40.00	Officer	$115,008	$22,434	$137,442
DONALD SMITH	PRESIDENT	35.00	Officer	$217,476	$29,130	$246,606
CYNTHIA WILKERSON	TREASURER	35.00	Officer	$171,504	$56,883	$228,387
SUE MILLER	SECRETARY (OUTGOING)	8.00	Officer	$6,215	$0	$6,215
KARA NEIDELL	SECRETARY (INCOMING)	40.00	Officer	$0	$24,265	$83,269

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
2024	$48,216,006	$21,475,422	$304,511,705	$26,740,584
2024	No data	No data	No data	No data
2023	$23,067,395	$17,335,169	$257,436,367	$5,732,226
2023	$23,067,395	$17,335,169	$257,436,367	$5,732,226
2022	$11,398,936	$9,111,997	$105,542,528	$2,286,939
2021	$12,280,275	$7,744,640	$121,076,020	$4,535,635
2020	$10,470,490	$9,273,787	$103,666,083	$1,196,703
2019	$12,170,266	$7,130,004	$90,582,309	$5,040,262
2018	$8,955,028	$7,027,186	$74,270,226	$1,927,842