UNIVERSITY COLLEGE LONDON FRIENDS … - 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

1991

Legal Domicile

Principal Officer

TRES SEIPPEL

Phone

6468670994

Tax Period

2023-01-01 to 2023-12-31

UNIVERSITY COLLEGE LONDON FRIENDS & ALUMNI ASSOCIATION INC, founded in 1991, is a community nonprofit in the International Affairs sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE UNIVERSITY COLLEGE LONDON FRIENDS & ALUMNI ASSOCIATION, INC.'S (THE "ASSOCIATION") PRINCIPAL GOAL WILL BE TO DEVELOP UNIVERSITY COLLEGE LONDON (THE "COLLEGE")'S EXISTING LINKS WITH THE USA TO ADVANCE THE PURPOSES OUTLINED IN THE ARTICLE III OF THE CHARTER OF INCORPORATION OF THE COLLEGE, ENGLAND 17 NOVEMBER 1977. THE OBJECTS OF THE COLLEGE SHALL BE TO PROVIDE EDUCATION AND COURSES OF STUDY IN THE FIELD OF ARTS, LAWS, PURE SCIENCES, MEDICINE AND MEDICAL SCIENCES, SOCIAL SERVICES AND APPLIED SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,148,749

TO UNIVERSITY COLLEGE LONDON IN THE UK AND PAID TO SUPPORT VARIOUS CAUSES INCLUDING HEALTH RESEARCH, SCHOLARSHIPS, AND OPERATING FUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,327,959

Program Service Revenue $0

Investment Income $349,923

Other Revenue $-829

TOTAL REVENUE $1,677,053

Expense Breakdown

Grants Paid $2,148,749

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,148,749

Other Expenses $142,949

TOTAL EXPENSES $2,291,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,677,053	$1,417,975	+0.2%
Expenses	$2,291,698	$521,352	+3.4%
Net Income	$-614,645	$896,623	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAY AKRAWI	PRESIDENT FROM 11/23	1.00	Officer Director	$0	$0	$0
MARK CLEARY	PRESIDENT THRU 11/23	2.00	Officer Director	$0	$0	$0
DR NICOLE MCKNIGHT	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
SIMON HARRIS	TREASURER THRU 11/23/ CO-TREASURER FROM 11/23	2.00	Officer Director	$0	$0	$0
JENNIE CAMBELL	SECRETARY THRU 11/23	2.00	Officer Director	$0	$0	$0
TRES SEIPPEL	TREASURER FROM 11/23	1.50	Officer Director	$0	$0	$0
EMMA CHEUNG	ASSISTANT SECRETARY THRU 11/23	2.50	Officer Director	$0	$0	$0
MARK HOWARD	DIRECTOR (RESIGNED 11/23)	1.50	Director	$0	$0	$0
JOHN OLYMPITIS	DIRECTOR (RESIGNED 7/23)	1.00	Director	$0	$0	$0
JOHN MANVILLE	DIRECTOR (RESIGNED 6/23)	0.50	Director	$0	$0	$0
REBECCA WHITHAM	DIRECTOR	0.50	Director	$0	$0	$0
BINTI YOST	DIRECTOR	0.50	Director	$0	$0	$0
DEEPAK KAMLANI	DIRECTOR	1.50	Director	$0	$0	$0
GAD BERDUGO	DIRECTOR	0.50	Director	$0	$0	$0
FRANCES MOORE	DIRECTOR	2.00	Director	$0	$0	$0
KIRA ELVEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA PACE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,677,053	$2,291,698	$12,789,536	$-614,645
2022	$1,417,975	$521,352	$12,041,039	$896,623
2021	$1,188,828	$1,081,252	$13,079,907	$107,576
2020	$1,441,063	$3,087,602	$12,182,199	$-1,646,539
2019	$3,141,415	$1,364,071	$13,245,686	$1,777,344
2018	$2,524,649	$1,711,285	$10,325,346	$813,364

UNIVERSITY COLLEGE LONDON FRIENDS & ALUMNI ASSOCIATION INC