Eastern Washington University Foundation

EIN: 911019819 501(c)(3) Education

Cheney, WA

Total Revenue
$7,624,245
Total Expenses
$5,647,086
Total Assets
$55,979,799
Net Assets
$51,961,646
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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
1977
Legal Domicile
WA
Principal Officer
Barb Richey
Phone
5093596890
Tax Period
2022-07-01 to 2023-06-30

Eastern Washington University Foundation, founded in 1977, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 26% operating margin.

Mission

To raise and manage resources in support of Eastern Washington 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,924,872
Program Service Revenue $22,012
Investment Income $1,131,486
Other Revenue $545,875
TOTAL REVENUE $7,624,245

Expense Breakdown

Grants Paid $4,676,449
Salaries & Benefits $0
Fundraising Expenses $315,972
Program Expenses $4,676,449
Other Expenses $891,062
TOTAL EXPENSES $5,647,086

Year-over-Year Comparison

2022 2021 Change
Revenue $7,624,245 $6,519,839 +0.2%
Expenses $5,647,086 $3,544,960 +0.6%
Net Income $1,977,159 $2,974,879 -0.3%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
75

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
8
$723,895
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexis Alexander Chair 2.00
Officer Director
$0 $0 $0
Stu Steiner Vice-Chair 1.00
Officer Director
$0 $0 $0
Sean Hoagland Treasurer 1.00
Officer Director
$0 $0 $0
Richard Marll Secretary 1.00
Officer Director
$0 $0 $0
Robert Dietz Director 1.00
Director
$0 $0 $0
Curtis Griffin Director 1.00
Director
$0 $0 $0
Marc Hughes Director 1.00
Director
$0 $0 $0
Claudette Kenmir Director 1.00
Director
$0 $0 $0
Jay Kirkpatrick Director 1.00
Director
$0 $0 $0
Richard Mount Director 1.00
Director
$0 $0 $0
Jeff Stannard Director 1.00
Director
$0 $0 $0
Vin Vu Director 1.00
Director
$0 $0 $0
Karen Weis Director 1.00
Director
$0 $0 $0
Brett Wright Director 1.00
Director
$0 $0 $0
Stacy Rasmussen Alumni Associate Representative 0.30
Director
$0 $0 $0
Dick Donley Retirees Association Representative 0.30
Director
$0 $0 $0
Lucas Fyre ASEWU President Representative 0.30
Director
$0 $0 $0
Wade Romine ASEWU University Advancement Council Representativ 0.30
Director
$0 $0 $0
Barb Richey Executive Director 20.00
Officer
$223,846 $48,548 $272,394
John Drexel Chief Budget Officer 34.00
Officer
$96,415 $30,416 $126,831
Laura Thayer AVP Philanthropy 38.00
Officer
$124,272 $35,335 $159,607
Lance Kissler AVP Communications 25.00
Officer
$131,358 $33,705 $165,063
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 No data No data No data No data
2024 No data No data No data No data
2023 $7,624,245 $5,647,086 $55,979,799 $1,977,159
2022 $6,519,839 $3,544,960 $52,356,011 $2,974,879
2021 $13,150,913 $4,022,106 $55,891,504 $9,128,807
2020 $12,372,580 $4,911,887 $46,600,218 $7,460,693
2019 $10,741,119 $9,390,523 $39,243,861 $1,350,596
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