WGU Advancement (EIN 824547364) - 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

2018

Legal Domicile

Principal Officer

ANNALISA HOLCOMBE

Phone

3854286900

Tax Period

2022-07-01 to 2022-12-31

WGU Advancement, founded in 2018, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2022. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $4.0M left a modest 6% surplus.

Mission

TO SUPPORT THE EDUCATIONAL AND CHARITABLE PURPOSES OF WESTERN GOVERNORS 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 (2022)

Revenue Breakdown

Contributions & Grants $4,241,873

Program Service Revenue $0

Investment Income $24,198

Other Revenue $0

TOTAL REVENUE $4,266,071

Expense Breakdown

Grants Paid $1,593,049

Salaries & Benefits $1,661,588

Fundraising Expenses $1,514,293

Program Expenses $1,593,049

Other Expenses $743,460

TOTAL EXPENSES $4,017,947

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,266,071	$16,563,409	-0.7%
Expenses	$4,017,947	$8,824,044	-0.5%
Net Income	$248,124	$7,739,365	-1.0%

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

$1,395,540

Total Directors

$3,150,046

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
ANNALISA HOLCOMBE	DIRECTOR / PRESIDENT	41.0	Officer Director	$367,028	$53,460	$420,488
SARAH HOOK	SECRETARY	2.0	Officer	$0	$23,961	$221,530
William Curtis Ryan	Director of Operations	40.0	Highest	$152,206	$52,302	$204,508
Gilbert Rojas	Special Projects	40.0	Highest	$127,571	$39,227	$166,798
Teresa Williams	Director of Sponsored Programs	40.0	Highest	$144,139	$18,163	$162,302
Brandon Zollner	Executive Director of Developm	40.0	Highest	$140,910	$15,555	$156,465
Erica Adams	Regional Director	40.0	Highest	$123,717	$30,286	$154,003
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

WGU Advancement