WGU LABS (EIN 824523369) - 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

2017

Legal Domicile

Principal Officer

JASON LEVIN

Phone

3854289120

Tax Period

2022-07-01 to 2023-06-30

WGU LABS, founded in 2017, is a mid-sized nonprofit that reported $11.0M in total revenue in fiscal year 2022. The organization ran a surplus of $2.3M, a strong 21% operating margin.

Mission

TO ENGAGE IN RESEARCH, DEVELOPMENT AND LICENSING OF INNOVATIVE TECHNOLOGIES TO OPTIMIZE LEARNER OUTCOMES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,085,944

Program Service Revenue $2,302,901

Investment Income $-403,477

Other Revenue $0

TOTAL REVENUE $10,985,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,171,125

Fundraising Expenses $715,319

Program Expenses $5,326,576

Other Expenses $2,484,731

TOTAL EXPENSES $8,655,856

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,985,368	$10,973,970	+0.0%
Expenses	$8,655,856	$7,163,739	+0.2%
Net Income	$2,329,512	$3,810,231	-0.4%

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

$1,398,677

Total Directors

$3,193,221

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PULSIPHER	DIRECTOR (CHAIR)	1.0	Director	$0	$58,120	$1,976,036
DAVID GROW	DIRECTOR / TREASURER	3.0	Officer Director	$0	$66,400	$753,522
JASON LEVIN	DIRECTOR / PRESIDENT	41.0	Officer Director	$411,043	$52,620	$463,663
BETHENY GROSS	DIRECTOR, RESEARCH	40.0	Highest	$201,489	$39,400	$240,889
OMID FOTHUHI	DIRECTOR, LEARNING INNOVATION	40.0	Highest	$185,896	$19,500	$205,396
JESSICA WISHNIE	DIRECTOR, WGU LABS	40.0	Highest	$181,675	$20,500	$202,175
CHRISTINA ROTHSCHILD	SECRETARY (UNTIL 6/30/23)	2.0	Officer	$0	$51,049	$181,492
NATALIE BERKEY	DIRECTOR, COMMUNICATIONS	40.0	Highest	$161,280	$5,116	$166,396
KELVIN BENTLEY	CONS. MANAGER (UNTIL 03/17/23)	40.0	Highest	$141,326	$15,419	$156,745
JEFF LIVINGSTON	DIRECTOR	1.0	Director	$0	$0	$0
AJITA MENON	DIRECTOR	1.0	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
2023	$10,985,368	$8,655,856	No data	$2,329,512
2022	$10,973,970	$7,163,739	$9,230,788	$3,810,231
2021	$17,199,300	$13,158,421	$5,412,542	$4,040,879
2020	$5,611,646	$13,366,637	$2,286,533	$-7,754,991
2019	$229,200	$4,208,803	$857,362	$-3,979,603

WGU LABS