Western Kentucky University Research Foundation Inc (EIN 611358086) - 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

2000

Legal Domicile

Phone

2707455338

Tax Period

2024-07-01 to 2025-06-30

Western Kentucky University Research Foundation Inc, founded in 2000, is a small nonprofit that reported $307K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $958K exceeded revenue, resulting in a 212% operating deficit.

Mission

THE MISSION OF THE WESTERN KENTUCKY UNIVERSITY RESEARCH FOUNDATION, INC. IS TO PROMOTE SCHOLARLY RESEARCH AND TO SERVE AS WESTERN KENTUCKY UNIVERSITY'S AGENT IN THE RECEIPT OF INTELLECTUAL PROPERTY INCOME, AND IN THE PROTECTION, DEVELOPMENT, AND COMMERCIALIZATION OF INTELLECTUAL PROPERTIES.

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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 $4,901

Program Service Revenue $117,206

Investment Income $0

Other Revenue $184,940

TOTAL REVENUE $307,047

Expense Breakdown

Grants Paid $919,237

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $920,973

Other Expenses $38,380

TOTAL EXPENSES $957,617

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,047	$361,293	-0.2%
Expenses	$957,617	$160,470	+5.0%
Net Income	$-650,570	$200,823	-4.2%

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

$186,508

Total Directors

$439,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HAGAN	Chair	1.0	Officer Director	$0	$0	$0
MICHAEL COWLES	Vice Chair	1.0	Officer Director	$0	$0	$0
JEFF HOOK	Director	1.0	Director	$0	$43,828	$166,174
MICHAEL MINTER	Director	1.0	Director	$0	$0	$0
RON BUNCH	Director	1.0	Director	$0	$0	$0
Vijay Kamenini	Director	1.0	Director	$0	$0	$0
Whitney Peake	Director	1.0	Director	$0	$58,609	$273,733
Henry Steen	President	1.0	Officer	$0	$36,460	$186,508

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	$307,047	$957,617	No data	$-650,570
2024	$361,293	$160,470	$910,443	$200,823
2023	$108,692	$71,138	$1,444,408	$37,554
2022	$129,074	$60,396	$1,012,514	$68,678
2021	$215,262	$45,634	$657,530	$169,628

Western Kentucky University Research Foundation Inc