UNIVERSITY OF THE ANDES FOUNDATION INC (EIN 133082248) - 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

2007

Legal Domicile

Principal Officer

SANDRA DIAZ

Phone

2122301077

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF THE ANDES FOUNDATION INC, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE UNIVERSITY OF THE ANDES FOUNDATION IS A 501 (C) (3) TAX-EXEMPT ORGANIZATION (RECOGNIZED BY THE U.S. INTERNAL REVENUE SERVICE), WHICH BRINGS TOGETHER ALUMNI AND FRIENDS OF UNIVERSIDAD DE LOS ANDES IN BOGOTÁ, COLOMBIA. WE AIM TO CREATE AND BUILD A COMMUNITY OF ALUMNI AND FRIENDS IN NORTH AMERICA WHO ARE INTERESTED IN SUPPORTING THE PROGRAMS AND ACTIVITIES OF THE UNIVERSIDAD DE LOS ANDES IN BOGOTA, COLOMBIA, SO THAT IT MAY MAINTAIN ITS UNIQUE LEARNING ENVIRONMENT, ACHIEVE EXCELLENCE IN TEACHING AND RESEARCH,ASSIST ITS STUDENTS AND FACULTY IN THEIR CONTINUED ACADEMIC WORK IN THE U.S., AND PROVIDE ACCESS TO THE UNIVERSITY'S PROGRAMS AND FACILITIES TO COLOMBIA'S MOST ABLE STUDENTS WHO MAY LACK FINANCIAL MEANS.

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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 $2,156,459

Program Service Revenue $0

Investment Income $200,908

Other Revenue $0

TOTAL REVENUE $2,357,367

Expense Breakdown

Grants Paid $2,771,642

Salaries & Benefits $415,504

Fundraising Expenses $179,802

Program Expenses $2,961,882

Other Expenses $100,923

TOTAL EXPENSES $3,288,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,357,367	$1,524,794	+0.5%
Expenses	$3,288,069	$1,567,528	+1.1%
Net Income	$-930,702	$-42,734	+20.8%

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

$352,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA DIAZ	EXECUTIVE DIRECTOR	40	Officer	$210,000	$0	$210,000
JO ANN ARIAS	SECRETARY AND TREASURER	40	Officer	$142,500	$0	$142,500
ALBERTO MEJIA	PRESIDENT	10	Officer Director	$0	$0	$0
RAQUEL BERNAL	CHAIR	8	Officer Director	$0	$0	$0
JUAN OCAMPO	BOARD MEMBER	8	Director	$0	$0	$0
SERGIO GALVIS	BOARD MEMBER	8	Director	$0	$0	$0
CAROLINA BARCO	BOARD MEMBER	8	Director	$0	$0	$0
CARLOS VEGALARA	BOARD MEMBER	8	Director	$0	$0	$0
DIEGO CORDOBA	BOARD MEMBER	8	Director	$0	$0	$0
ANA MARIA RODRIGUEZ	BOARD MEMBER	8	Director	$0	$0	$0
JUAN PABLO MEJIA	BOARD MEMBER	8	Director	$0	$0	$0
ALEJANDRO SANTO DOMINGO	BOARD MEMBER	8	Director	$0	$0	$0
JUAN ESTEBAN ORDUZ	BOARD MEMBER	8	Director	$0	$0	$0
JAIME GALVIZ	BOARD MEMBER	8	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
2024	$2,357,367	$3,288,069	$8,962,646	$-930,702
2023	$1,524,794	$1,567,528	$8,993,856	$-42,734
2022	$570,412	$1,135,970	$8,612,408	$-565,558
2021	$2,158,813	$2,593,066	$11,245,685	$-434,253
2020	$566,573	$3,434,174	$10,519,429	$-2,867,601
2019	$233,261	$1,001,903	$12,095,893	$-768,642
2018	$1,821,953	$699,906	$12,864,855	$1,122,047

UNIVERSITY OF THE ANDES FOUNDATION INC