WGU ADVANCEMENT

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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

2018

Legal Domicile

Principal Officer

ANNALISA HOLCOMBE

Phone

3854286900

Tax Period

2021-07-01 to 2022-06-30

WGU ADVANCEMENT, founded in 2018, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2021. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.7M, a strong 47% operating margin.

Mission

TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF WESTERN GOVERNORS UNIVERSITY BY ENGAGING IN FUND-RAISING ACTIVITIES, INCLUDING IDENTIFYING OPPORTUNITIES FOR FUNDED RESEARCH PROJECTS, BUILDING ALUMNI OUTREACH, SOLICITING SUPPORT FROM GOVERNMENT AGENCIES AND PRIVATE FOUNDATIONS, AND OTHER RELATED ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $4,595,858

WGU ADVANCEMENT SUPPORTS THE EDUCATIONAL AND CHARITABLE PURPOSES OF WESTERN GOVERNORS UNIVERSITY AND AFFILIATES BY ENGAGING IN FUND-RAISING ACTIVITIES, INCLUDING IDENTIFYING OPPORTUNITIES FOR FUNDED RESEARCH PROJECTS, BUILDING ALUMNI OUTREACH, SOLICITING SUPPORT FROM GOVERNMENT AGENCIES AND PRIVATE FOUNDATIONS. ALL FUNDS RAISED BY CHARITABLE CONTRIBUTION WERE USED FOR STUDENT SCHOLARSHIPS AND TRANSFORMING EDUCATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $16,524,027

Program Service Revenue $0

Investment Income $39,380

Other Revenue $2

TOTAL REVENUE $16,563,409

Expense Breakdown

Grants Paid $4,595,858

Salaries & Benefits $3,121,722

Fundraising Expenses $2,477,031

Program Expenses $4,595,858

Other Expenses $896,114

TOTAL EXPENSES $8,824,044

Year-over-Year Comparison

	2021	2020	Change
Revenue	$16,563,409	$10,776,481	+0.5%
Expenses	$8,824,044	$11,522,458	-0.2%
Net Income	$7,739,365	$-745,977	-11.4%

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

$1,224,032

Total Directors

$2,902,912

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PULSIPHER	DIRECTOR / CHAIR	1.0	Director	$0	$55,038	$1,859,938
DAVID GROW	DIRECTOR / TREASURER	3.0	Officer Director	$0	$50,565	$674,732
ANNALISA HOLCOMBE	DIRECTOR / PRESIDENT	41.0	Officer Director	$317,033	$51,209	$368,242
WILLIAM CURTIS RYAN	DIRECTOR OF OPERATIONS	40.0	Highest	$144,868	$50,039	$194,907
SARAH HOOK	SECRETARY	2.0	Officer	$0	$21,058	$181,058
GILBERT ROJAS	SPECIAL PROJECTS	40.0	Highest	$121,206	$28,265	$149,471
ADAM GODUTO	DIRECTOR OF ANNUAL GIVING	40.0	Highest	$108,401	$12,323	$120,724
JENNIFER COOPER	REGIONAL DIRECTOR	40.0	Highest	$106,193	$13,312	$119,505
KABI CATALANO	REGIONAL DIRECTOR	40.0	Highest	$102,868	$9,450	$112,318
CAROL D'AMICO	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT FRANKENBERG	DIRECTOR	1.0	Director	$0	$0	$0
DAVID SIMMONS	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
2022	$16,563,409	$8,824,044	$7,911,746	$7,739,365
2022	$4,266,071	$4,017,947	No data	$248,124
2021	$10,776,481	$11,522,458	$262,529	$-745,977
2020	$4,812,291	$6,312,366	$657,564	$-1,500,075
2019	$1,126,260	$2,105,293	$4,179,890	$-979,033
2018	$3,000,105	No data	$3,000,105	No data