WKU REAL ESTATE CORPORATION (EIN 611336292) - 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

1998

Legal Domicile

Principal Officer

DONALD SMITH

Phone

2707456421

Tax Period

2023-01-01 to 2023-12-31

WKU REAL ESTATE CORPORATION, founded in 1998, is a small nonprofit in the Health Care sector that reported $268K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $156K, a strong 58% operating margin.

Mission

THE WKU REAL ESTATE CORPORATION IS A CHARITABLE CIVIC-IMPROVEMENT CORPORATION ESTABLISHED FOR THE BENEFIT 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $39,642

Other Revenue $228,595

TOTAL REVENUE $268,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,881

Other Expenses $112,348

TOTAL EXPENSES $112,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,237	$2,883,779	-0.9%
Expenses	$112,348	$119,286	-0.1%
Net Income	$155,889	$2,764,493	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEMONEE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
R HARVEY JOHNSTON III	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MARTENS	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK SHEIDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD SMITH	PRESIDENT	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$268,237	$112,348	$10,284,206	$155,889
2022	$2,883,779	$119,286	$8,819,876	$2,764,493
2022	$2,883,779	$119,286	$8,819,876	$2,764,493
2021	$261,109	$228,211	$6,286,314	$32,898
2020	$181,267	$230,054	$5,440,251	$-48,787
2019	$207,639	$2,928,351	$5,215,915	$-2,720,712
2018	$62,147	$939,319	$8,090,011	$-877,172

WKU REAL ESTATE CORPORATION