UNIVERSITY OF WEST ALABAMA FOUNDAT… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

DR JJ WEDGWORTH

Phone

2056523586

Tax Period

2024-10-01 to 2025-09-30

UNIVERSITY OF WEST ALABAMA FOUNDATION, founded in 1992, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 9% surplus.

Mission

SUPPORT THE UNIVERSITY OF WEST ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $1,527,397 Revenue: $2,101,572

PROVIDE SUPPORT TO THE UNIVERSITY'S ATHLETIC PROGRAM THROUGH PURCHASE OF EQUIPMENT AND PROVIDING OPERATING FUNDS.

Program 2

Expenses: $1,992,617 Revenue: $2,109,549

PROVIDE SUPPORT TO THE UNIVERSITY'S GENERAL ACTIVITIES.

Program 3

Expenses: $597,733 Revenue: $623,570

PROVIDE SCHOLARSHIP SUPPORT FOR THE UNIVERSITY THROUGH FUNDS DONATED BY ALUMNI AND FRIENDS OF THE 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 $2,245,769

Program Service Revenue $999,958

Investment Income $965,394

Other Revenue $623,570

TOTAL REVENUE $4,834,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,478

Program Expenses $4,117,747

Other Expenses $4,401,383

TOTAL EXPENSES $4,401,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,834,691	$4,165,882	+0.2%
Expenses	$4,401,383	$4,855,138	-0.1%
Net Income	$433,308	$-689,256	-1.6%

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	Role	Reportable Comp	Other Comp	Total
ERMEA J RUSSELL	BOARD MEMBER	Director	$0	$0	$0
KEN TUCKER	BOARD MEMBER	Director	$0	$0	$0
FRED F WALBURN	TREASURER	Officer Director	$0	$0	$0
MICHAEL E WILLIAMS	BOARD MEMBER	Director	$0	$0	$0
J THOMAS BRYAN	BOARD MEMBER	Director	$0	$0	$0
ANDY COATS	BOARD MEMBER	Director	$0	$0	$0
MIKE DAVIS	BOARD MEMBER	Director	$0	$0	$0
SCOTT LEWIS	BOARD MEMBER	Director	$0	$0	$0
KEVIN D MCMAHON	BOARD MEMBER	Director	$0	$0	$0
JIMMY COLLINS	BOARD MEMBER	Director	$0	$0	$0
GARY BUSBY	BOARD MEMBER	Director	$0	$0	$0
BRANDON ESSIG	BOARD MEMBER	Director	$0	$0	$0
RICK FREDERICK	BOARD MEMBER	Director	$0	$0	$0
BRENT BUMGARNER	BOARD MEMBER	Director	$0	$0	$0
KENT PARTRIDGE	BOARD MEMBER	Director	$0	$0	$0
BILL LUNSFORD	BOARD MEMBER	Director	$0	$0	$0
JJ WEDGWORTH	EXECUTIVE SECRETARY	Officer Director	$0	$0	$0
BYRON THETFORD	BOARD MEMBER	Director	$0	$0	$0
BRETT ALLRED	BOARD MEMBER	Director	$0	$0	$0
CHAD HOUGHEY	BOARD MEMBER	Director	$0	$0	$0
STEPHANIE PARTEN	BOARD MEMBER	Director	$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	$4,834,691	$4,401,383	$46,875,810	$433,308
2024	$4,165,882	$4,855,138	$45,487,684	$-689,256
2023	$9,644,527	$5,805,680	$46,196,715	$3,838,847
2022	$4,331,428	$2,441,474	$16,147,329	$1,889,954
2021	$3,881,305	$1,433,571	$14,061,724	$2,447,734
2020	$3,169,653	$955,380	$11,700,201	$2,214,273
2019	$4,686,931	$1,792,804	$9,604,643	$2,894,127
2018	$2,541,275	$2,216,381	$6,877,603	$324,894

UNIVERSITY OF WEST ALABAMA FOUNDATION