FRIENDS OF MCGILL UNIVERSITY INC C… - 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

1945

Legal Domicile

Principal Officer

MARK TABORSKY

Phone

6177593539

Tax Period

2024-06-01 to 2025-05-31

FRIENDS OF MCGILL UNIVERSITY INC C/O FRANK J SCARANO CPA PLLC, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $12.9M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 14% surplus.

Mission

TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES

Program Service Accomplishments

Program 1

Expenses: $9,798,880

THE ORGANIZATION ADVANCES EDUCATION THROUGH GRANTS. THE GRANTS WERE FOR CHARITABLE PURPOSES TO THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING ALSO KNOWN AS MCGILL UNIVERSITY EIN 98-6001153...

THE ORGANIZATION ADVANCES EDUCATION THROUGH GRANTS. THE GRANTS WERE FOR CHARITABLE PURPOSES TO THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING ALSO KNOWN AS MCGILL UNIVERSITY EIN 98-6001153. THE GRANTS MADE TO MCGILL UNIVERSITY WERE FOR GENERAL EDUCATIONAL PURPOSES.

Program 2

Expenses: $1,227,423

DONATIONS OF 1,060,000 TO MONTREAL GENERAL HOSPITAL FOUNDATION 147,300 TO MONTREAL CHILDREN'S HOSPITAL FOUNDATION AND 20,123 TO THE CEDAR CANCER INSTITUTE GIVEN FOR CHARITABLE PURPOSES.

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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 $12,437,580

Program Service Revenue $0

Investment Income $415,746

Other Revenue $0

TOTAL REVENUE $12,853,326

Expense Breakdown

Grants Paid $11,026,303

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,026,303

Other Expenses $56,620

TOTAL EXPENSES $11,082,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,853,326	$5,943,750	+1.2%
Expenses	$11,082,923	$6,034,252	+0.8%
Net Income	$1,770,403	$-90,502	-20.6%

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

N/A

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
HAROLD J TRISCHMAN	PRESIDENT	5.00	Officer	$0	$0	$0
MARK TABORSKY	TREASURER	5.00	Officer	$0	$0	$0
DAVID C MCCUTCHEON	ASST TREASUR	1.00	Officer	$0	$0	$0
ANTON ANGELICH	SECRETARY	4.00	Officer	$0	$0	$0
DIANA M GALER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET GILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHANNE KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
DILSHAD MAROLIA	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE MICHAEL PETTIGREW	DIRECTOR	1.00	Director	$0	$0	$0
YANXI TAN CAIN	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
2025	$12,853,326	$11,082,923	$12,932,497	$1,770,403
2024	$5,943,750	$6,034,252	$10,668,131	$-90,502
2023	$4,785,125	$5,237,448	$10,003,672	$-452,323
2022	$8,029,117	$7,640,957	$10,774,766	$388,160
2021	$4,975,093	$4,836,040	$11,301,946	$139,053
2020	$4,727,394	$5,478,296	$9,283,342	$-750,902
2019	$4,949,481	$4,538,639	$10,026,707	$410,842
2018	$4,214,341	$3,176,132	$9,842,171	$1,038,209

FRIENDS OF MCGILL UNIVERSITY INC C/O FRANK J SCARANO CPA PLLC