THE UNIVERSITY OF FONDWA USA INC

EIN: 208625115 501(c)(3)

HOUSTON, TX

Total Revenue
$2,153,836
Total Expenses
$1,681,674
Total Assets
$1,184,926
Net Assets
$1,166,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
MYRON F STEVES JR
Phone
7138063866
Tax Period
2024-01-01 to 2024-12-31

THE UNIVERSITY OF FONDWA USA INC, founded in 2007, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $472K, a strong 22% operating margin.

Mission

FUNDING FOR THE EDUCATIONAL & CHARITABLE PURPOSES TO SUPPORT THE WORK OF THE UFONDWA IN HAITI, AND ALSO OTHER PROJECTS IN THE FONDWA COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,132,055
Program Service Revenue $0
Investment Income $21,781
Other Revenue $0
TOTAL REVENUE $2,153,836

Expense Breakdown

Grants Paid $1,554,915
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,575,555
Other Expenses $126,759
TOTAL EXPENSES $1,681,674

Year-over-Year Comparison

2024 2023 Change
Revenue $2,153,836 $863,821 +1.5%
Expenses $1,681,674 $1,762,794 0.0%
Net Income $472,162 $-898,973 -1.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRON F STEVES JR PRESIDENT OF THE BOARD OF DIRECTORS 6.00
Officer Director
$0 $0 $0
ANNE HASTINGS VICE PRESIDENT & SECRETARY 30.00
Officer Director
$0 $0 $0
THORIN SCHRIBER TREASURER 2.00
Officer Director
$0 $0 $0
FR MICHAEL BEGLEY CSSP BOARD MEMBER 3.00
Director
$0 $0 $0
LAURA ZANOTTI PHD BOARD MEMBER 3.00
Director
$0 $0 $0
RUTH SCHRODER BOARD MEMBER 5.00
Director
$0 $0 $0
JUDE RAYMOND BOARD MEMBER 1.00
Director
$0 $0 $0
FR JOSEPH B PHILLIPE CSSP EX-OFFICIO MEMBER 2.00
Director
$0 $0 $0
AMBER WALSH BOARD MEMBER 2.00
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 $2,153,836 $1,681,674 $1,184,926 $472,162
2023 $863,821 $1,762,794 $708,200 $-898,973
2022 $2,683,940 $1,144,179 $1,583,665 $1,539,761
2022 $2,683,940 $1,144,179 $1,583,665 $1,539,761
2021 $1,011,301 $989,095 $41,765 $22,206
2021 $1,011,301 $989,095 $41,765 $22,206
2020 $313,996 $375,031 $20,601 $-61,035
2019 $740,304 $678,072 $80,749 $62,232
2018 $392,965 $383,950 $18,517 $9,015
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