UNIVERSITY OF MASSACHUSETTS FOUNDATION INC (EIN 046013152) - 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

1950

Legal Domicile

Principal Officer

JAMES R JULIAN JR

Phone

7819125015

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC, founded in 1950, is a major nonprofit in the Education sector that reported $172.5M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119.8M, a strong 69% operating margin.

Mission

THE MISSION OF THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE UNIVERSITY OF MASSACHUSETTS AS STATED IN THE ORIGINAL 1950 ARTICLES OF ORGANIZATION. THE FOUNDATION RECEIVES, INVESTS AND DISBURSES PRIVATE & PUBLIC GIFTS FOR THE BENEFIT OF THE UNIVERSITY OF MASSACHUSETTS AND ITS EDUCATIONAL MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $89,479,146

Program Service Revenue $5,963,632

Investment Income $77,046,575

Other Revenue $19,110

TOTAL REVENUE $172,508,463

Expense Breakdown

Grants Paid $32,209,329

Salaries & Benefits $10,745,388

Fundraising Expenses $2,554,918

Program Expenses $32,209,329

Other Expenses $9,695,689

TOTAL EXPENSES $52,686,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,508,463	$102,206,758	+0.7%
Expenses	$52,686,406	$46,122,528	+0.1%
Net Income	$119,822,057	$56,084,230	+1.1%

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

$2,126,977

Total Directors

Key Employees

$2,054,485

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J MANNING	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
VICTOR WOOLRIDGE	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
MARIA D FURMAN	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
NATHAN P CHESLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSE J CORTEZ	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE P CRAVEN	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD H D'ALELIO	DIRECTOR	1.00	Director	$0	$0	$0
JOSE F DEMEDEIROS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL E FEDER	DIRECTOR	1.00	Director	$0	$0	$0
GRACE K FEY	DIRECTOR	1.00	Director	$0	$0	$0
WARREN J ISABELLE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP W JOHNSTON	DIRECTOR (UNTIL 4/25)	1.00	Director	$0	$0	$0
R NORMAN PETERS ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PAUL T QUISTBERG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT R REITANO	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE L STEFANY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R JULIAN JR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$1,014,591	$158,911	$1,173,502
BARRY MORRISON	CHIEF FINANCIAL OFFICER	40.00	Officer	$404,666	$96,911	$501,577
PAUL DAWLEY	GENERAL COUNSEL	40.00	Officer	$355,810	$96,088	$451,898
JONATHAN GIBBONS	CHIEF INVESTMENT OFFICER	40.00	Key Emp	$1,469,690	$307,547	$1,777,237
KATHERINE D TARGETT	CHIEF DIGITAL INFORMATION OFFICER	40.00	Key Emp	$248,215	$29,033	$277,248
GEOFFREY BOWES	MANAGING DIRECTOR, INVESTMENT TEAM	40.00	Highest	$563,826	$179,926	$743,752
DEREK WADE	DIRECTOR OF INVESTMENT OPERATIONS	40.00	Highest	$312,757	$95,078	$407,835
HSUNGWEN CHANG	DIRECTOR OF INVESTMENT (UNTIL 9/25)	40.00	Highest	$292,734	$108,041	$400,775
QING WAN	CONTROLLER	40.00	Highest	$193,106	$64,852	$257,958
WILLIAM K CHASE	SR. DIR. OF IT INFRASTRUCTER & SECURITY	40.00	Highest	$190,305	$20,111	$210,416
THERESA CURRY	VP FOR DEV & CE (UNTIL 1/25)	40.00		$180,963	$14,354	$195,317

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	$172,508,463	$52,686,406	$2,798,247,960	$119,822,057
2024	No data	No data	No data	No data
2023	$113,438,486	$46,052,746	$1,147,511,717	$67,385,740
2022	$315,298,982	$29,200,176	$988,407,109	$286,098,806
2021	$57,111,837	$28,773,419	$842,030,994	$28,338,418
2020	$48,530,151	$28,054,629	$642,455,669	$20,475,522
2019	$46,371,956	$28,589,662	$612,317,731	$17,782,294
2018	$54,705,103	$29,309,752	$581,671,426	$25,395,351

UNIVERSITY OF MASSACHUSETTS FOUNDATION INC