{"id":70338,"date":"2019-07-05T09:10:32","date_gmt":"2019-07-05T13:10:32","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=70338"},"modified":"2019-07-05T09:10:32","modified_gmt":"2019-07-05T13:10:32","slug":"dbj-gov-dewine-appoints-two-dayton-business-leaders-to-wright-state-board","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/07\/05\/dbj-gov-dewine-appoints-two-dayton-business-leaders-to-wright-state-board\/","title":{"rendered":"DBJ: Gov. DeWine appoints two Dayton business leaders to Wright State board"},"content":{"rendered":"<p><em><strong>Excerpt<\/strong><\/em><\/p>\n<div id=\"attachment_70278\" style=\"width: 235px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-70278\" class=\"size-medium wp-image-70278\" src=\"http:\/\/webapp2.wright.edu\/web1\/newsroom\/files\/2019\/07\/Andy-Platt-3_750xx3744-5006-0-610-225x300.jpg\" alt=\"\" width=\"225\" height=\"300\" \/><p id=\"caption-attachment-70278\" class=\"wp-caption-text\">Andrew Platt<\/p><\/div>\n<p class=\"content__segment combx\">Ohio Governor\u00a0<a href=\"https:\/\/www.bizjournals.com\/dayton\/search\/results?q=Mike%20DeWine\">Mike DeWine<\/a>\u00a0has named new board of trustee members to Wright State University.<\/p>\n<p class=\"content__segment combx\">They are:<\/p>\n<ul class=\"content__segment combx\">\n<li>Marty Grunder of Bellbrook (Greene Co.) has been appointed to the board for a term beginning July 3, 2019, and ending June 30, 2024; and<\/li>\n<li><a href=\"https:\/\/www.bizjournals.com\/dayton\/search\/results?q=Andrew%20Platt\">Andrew Platt<\/a> of Xenia (Greene Co.) has been appointed to the board for a term beginning July 3, 2019, and ending June 30, 2028. <strong>Platt graduated cum laude from Wright State in 2009 with a\u00a0<a href=\"https:\/\/business.wright.edu\/finance-and-financial-services\/bachelor-of-science-in-business-finance-major\">bachelor\u2019s degree in finance<\/a>.<\/strong><\/li>\n<\/ul>\n<p class=\"content__segment combx\">Both are well known in the Dayton business community. Grunder is CEO of Grunder Landscaping, a Miamisburg landscaping company is celebrating its 35th year in business.<\/p>\n<div id=\"attachment_70282\" style=\"width: 210px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-70282\" class=\"size-medium wp-image-70282\" src=\"http:\/\/webapp2.wright.edu\/web1\/newsroom\/files\/2019\/07\/Marty-Grunder-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\" \/><p id=\"caption-attachment-70282\" class=\"wp-caption-text\">Marty Grunder<\/p><\/div>\n<p>Platt is managing director of Northwestern Mutual Dayton.<\/p>\n<p class=\"content__segment combx\">Last month, the university\u00a0<a href=\"https:\/\/www.bizjournals.com\/dayton\/news\/2019\/05\/03\/wright-state-names-new-board-chair-avoids-state.html\" target=\"_blank\" rel=\"noopener noreferrer\">named a new board chair<\/a>\u00a0in\u00a0<a href=\"https:\/\/www.bizjournals.com\/dayton\/search\/results?q=Sean%20Fitzpatrick\">Sean Fitzpatrick<\/a>.<\/p>\n<p class=\"content__segment combx\">Wright State recently avoided the state\u2019s fiscal watch, based on U.S. Senate Bill 6\u2019s criteria. The law is designed to increase financial accountability of state colleges and universities by using a set of measures which monitors the fiscal health of campuses, according to according to The Ohio Department of Higher Education.<\/p>\n<p class=\"content__segment combx\">Ratio analysis is conducted by analyzing a university or college\u2019s expendable net assets, plant debt, total revenues, total operating expenses, total non-operating expenses and change in total net assets. Three ratios are then calculated, broken into a viability ratio, a primary reserve ratio and a net income ratio.<\/p>\n<p class=\"content__segment combx\">Having a composite score of or below 1.75 for two consecutive years results into an institution being placed on fiscal watch. In 2017, Wright State received a score of 0.08. That same year, the university had expendable assets of $16.9 million and plant debt of $81.8 million.<\/p>\n<p class=\"content__segment combx\">Fast forward to this year, and the university received a score of 2.2. Its expendable assets grew to $31.2 million and its plant debt lowered to $75.9 million.<\/p>\n<p class=\"content__segment combx\">The university\u2019s score of 2.2 validates Wright State has put itself on a much firmer financial footing in a short amount of time, compared to a year or two years ago. But, there\u2019s still work to be done moving forward, according to a university spokesperson.<\/p>\n<p class=\"content__segment combx\">\u201cWe are navigating financial recovery, which takes time,\u201d the spokesperson said. \u201cThe university has had to make tough choices, and those are rarely easy choices to make or implement, but the steps taken have clearly altered the university\u2019s financial trajectory.\u201d<\/p>\n<p>View the original story at <a href=\"https:\/\/www.bizjournals.com\/dayton\/news\/2019\/07\/03\/gov-dewine-appoints-two-dayton-business-leaders-to.html?ana=RSS&amp;s=article_search\">bizjournals.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Excerpt Ohio Governor\u00a0Mike DeWine\u00a0has named new board of trustee members to Wright State University. They are: Marty Grunder of Bellbrook (Greene Co.) has been appointed to the board for a term beginning July 3, 2019, and ending June 30, 2024; &hellip; <a href=\"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/07\/05\/dbj-gov-dewine-appoints-two-dayton-business-leaders-to-wright-state-board\/\" class=\"morelink\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":70346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[730],"tags":[],"class_list":["post-70338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wright-state-in-the-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/70338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=70338"}],"version-history":[{"count":1,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/70338\/revisions"}],"predecessor-version":[{"id":70342,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/70338\/revisions\/70342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/70346"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=70338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=70338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=70338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}