Eastern Washington University Foun… - 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

1977

Legal Domicile

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

The Eastern Washington University Foundation, a non-profit corporation, was established in 1977 under Washington law to identify, promote, receive, and manage all private gifts from individuals, corporations, foundations, and associations to Eastern Washington University. The Foundation is the catalyst and conduit through which gifts and endowment income flow to provide immediate and long-term support for the university and its programs. thus, the Foundation is a tool through which private support is raised and managed for the sole benefit of EWU.Overseen by a Board of Directors and staffed by a professional development team who are university employees, the Foundation administers all gifts in a business-like manner in accordance with the donor's wishes. When gifts are received by EWU colleges or operating units, they are forwarded for gift processing and official acceptance and acknowledgement by the Foundation.

Program Service Accomplishments

Program 1

Expenses: $2,593,957

Supporting the UniversityEWU is state-assisted rather than state-supported with approximately 30 percent of Eastern's operation budget being provided by state appropriations. Focused on developing...

Supporting the UniversityEWU is state-assisted rather than state-supported with approximately 30 percent of Eastern's operation budget being provided by state appropriations. Focused on developing the university of the future-one that anticipates student expectations as well as the needs of the 21st century professional workforce-the EWU Foundation rigorously fundraises to account for a decline in state support. By working to build permanent endowments and future generations of benefactors, the EWU Foundation is taking steps to ensure that students and programs will receive necessary financial support long into the future.

Program 2

Expenses: $2,027,992

Supporting StudentsFinancial assistance unlocks enormous potential by helping Eastern Washington University students graduate and enter the professional workforce. The EWU Foundation awarded 735...

Supporting StudentsFinancial assistance unlocks enormous potential by helping Eastern Washington University students graduate and enter the professional workforce. The EWU Foundation awarded 735 scholarships in 2023. With this support, students can focus on their studies, progress more quickly to their degrees and graduate debt-free or with greatly reduced debt.

Program 3

Expenses: $54,500 Revenue: $22,012

Supporting FacultyThe EWU Foundation is committed to supporting faculty and staff proposals that will enhance the university and its mission to provide opportunities for student development...

Supporting FacultyThe EWU Foundation is committed to supporting faculty and staff proposals that will enhance the university and its mission to provide opportunities for student development, research, and participation. The EWU Foundation awards funds through the Eagle Grants Program. Those funds made learning and development programs possible in disciplines across campus, serving students at the highest level of excellence.

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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 $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

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

$723,895

Total Directors

Key Employees

Highest Compensated

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

Eastern Washington University Foundation