NORTHERN KENTUCKY UNIVERSITY FOUNDATION INC

EIN: 237116528 501(c)(3) Education

HIGHLAND HEIGHTS, KY

Total Revenue
$7,523,777
Total Expenses
$10,415,607
Total Assets
$151,402,720
Net Assets
$135,606,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
KY
Principal Officer
THOMAS WIEDEMANN
Phone
8595725129
Tax Period
2022-07-01 to 2023-06-30

NORTHERN KENTUCKY UNIVERSITY FOUNDATION INC, founded in 1970, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2022. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $10.4M exceeded revenue, resulting in a 38% operating deficit.

Mission

SUPPORT NORTHERN KENTUCKY UNIVERSITY THROUGH PROVISION OF SCHOLARSHIPS, FINANCIAL AID, AND OTHER SUPPORT PROGRAMS

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,610,276
Program Service Revenue $0
Investment Income $1,311,624
Other Revenue $601,877
TOTAL REVENUE $7,523,777

Expense Breakdown

Grants Paid $6,484,922
Salaries & Benefits $0
Fundraising Expenses $59,619
Program Expenses $9,135,339
Other Expenses $3,930,685
TOTAL EXPENSES $10,415,607

Year-over-Year Comparison

2022 2021 Change
Revenue $7,523,777 $43,806,810 -0.8%
Expenses $10,415,607 $8,735,397 +0.2%
Net Income $-2,891,830 $35,071,413 -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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Governance

Voting Members
34
Independent Members
34
Employees
N/A
Volunteers
67

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
9
$0
Total Directors
69
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM WIEDEMANN PRESIDENT 2.00
Officer Director
$0 $0 $0
KAREN FINAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARTY BUTLER TREASURER 2.00
Officer Director
$0 $0 $0
KEVIN GESSNER SECRETARY 2.00
Officer Director
$0 $0 $0
MARY ZALLA AT LARGE 2.00
Officer Director
$0 $0 $0
ERIC GENTRY EXECUTIVE DIRECTOR 10.00
Officer Director
$0 $0 $0
BONITA BROWN NKU INTERIM PRESIDENT 2.00
Officer Director
$0 $0 $0
RICH BOEHNE NKU REGENT DESIGNEE 2.00
Officer Director
$0 $0 $0
KARA WILLIAMS NKU REGENT DESIGNEE 2.00
Officer Director
$0 $0 $0
TODD BEST MEMBER 0.50
Director
$0 $0 $0
GARREN COLVIN MEMBER 0.50
Director
$0 $0 $0
BRENT COOPER MEMBER 0.50
Director
$0 $0 $0
MICHELE HARGIS MEMBER 0.50
Director
$0 $0 $0
BARB JOHNSON MEMBER 0.50
Director
$0 $0 $0
ERIC KEARNEY MEMBER 0.50
Director
$0 $0 $0
JACK KENKEL MEMBER 0.50
Director
$0 $0 $0
JOHN LUCAS MEMBER 0.50
Director
$0 $0 $0
FRED MACKE MEMBER 0.50
Director
$0 $0 $0
HEATHER QUINLEY MEMBER 0.50
Director
$0 $0 $0
MAC RILEY MEMBER 0.50
Director
$0 $0 $0
JT ROBERTS MEMBER 0.50
Director
$0 $0 $0
TIM SCHIGEL MEMBER 0.50
Director
$0 $0 $0
ROSEMARY SCHLACHTER MEMBER 0.50
Director
$0 $0 $0
TRACY SCHWEGMANN MEMBER 0.50
Director
$0 $0 $0
CHAD SCOTT MEMBER 0.50
Director
$0 $0 $0
NATHAN SMITH MEMBER 0.50
Director
$0 $0 $0
B CHARLES ALEXANDER EMERITUS MEMBER 0.10
Director
$0 $0 $0
J DAVID BENDER ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR HERBERT R BOOTH EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR LEON BOOTHE EMERITUS MEMBER 0.10
Director
$0 $0 $0
EMERSON L BRUMBACK EMERITUS MEMBER 0.10
Director
$0 $0 $0
PAUL W CHELLGREN EMERITUS MEMBER 0.10
Director
$0 $0 $0
THOMAS C DONNELLY ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
ERIC A ERNST EMERITUS MEMBER 0.10
Director
$0 $0 $0
ROBERT R FITZPATRICK JR EMERITUS MEMBER 0.10
Director
$0 $0 $0
JAMES L FLOOD EMERITUS MEMBER 0.10
Director
$0 $0 $0
JUDITH H GIBBONS EMERITUS MEMBER 0.10
Director
$0 $0 $0
PAUL A GIBSON EMERITUS MEMBER 0.10
Director
$0 $0 $0
MERWIN GRAYSON EMERITUS MEMBER 0.10
Director
$0 $0 $0
DANIEL R GRONECK EMERITUS MEMBER 0.10
Director
$0 $0 $0
MICHAEL J HAMMONS EMERITUS MEMBER 0.10
Director
$0 $0 $0
KENNETH F HARPER EMERITUS MEMBER 0.10
Director
$0 $0 $0
GARY L HERFEL ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
MARCIA L HOSEA EMERITUS MEMBER 0.10
Director
$0 $0 $0
JAMES H HUFF EMERITUS MEMBER 0.10
Director
$0 $0 $0
JASON JACKMAN EMERITUS MEMBER 0.10
Director
$0 $0 $0
BARRY KIENZLE EMERITUS MEMBER 0.10
Director
$0 $0 $0
THE HONORABLE KENNETH R LUCAS EMERITUS MEMBER 0.10
Director
$0 $0 $0
DARLENE MARTIN EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR ROGER C MEADE EMERITUS MEMBER 0.10
Director
$0 $0 $0
C ANDREW NEAGLE EMERITUS MEMBER 0.10
Director
$0 $0 $0
JAMES R POSTON JR ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
JAMIE M RAMSEY ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR ROGERS REDDING EMERITUS MEMBER 0.10
Director
$0 $0 $0
THOMAS SAELINGER EMERITUS MEMBER 0.10
Director
$0 $0 $0
RUTH M SELIGMAN DOERING EMERITUS MEMBER 0.10
Director
$0 $0 $0
KEVIN M SHEEHAN EMERITUS MEMBER 0.10
Director
$0 $0 $0
GREGORY S SHUMATE ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
HENRY L STEPHENS JR ESQ EMERITUS MEMBER 0.10
Director
$0 $0 $0
DIANE H STICKLEN-JORDAN EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR CAROL J SWARTS EMERITUS MEMBER 0.10
Director
$0 $0 $0
WILLIAM C VERMILLION EMERITUS MEMBER 0.10
Director
$0 $0 $0
DR JAMES C VOTRUBA EMERITUS MEMBER 0.10
Director
$0 $0 $0
ANDRA R WARD EMERITUS MEMBER 0.10
Director
$0 $0 $0
BRENDA L WILSON EMERITUS MEMBER 0.10
Director
$0 $0 $0
RICHARD L MURGATROYD EMERITUS MEMBER 0.10
Director
$0 $0 $0
KRIS KNOCHELMANN EX-OFFICIO MEMBERS 0.10
Director
$0 $0 $0
GARY MOORE EX-OFFICIO MEMBERS 0.10
Director
$0 $0 $0
STEVEN PENDERY EX-OFFICIO MEMBERS 0.10
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 No data No data No data No data
2024 No data No data No data No data
2023 $7,523,777 $10,415,607 $151,402,720 $-2,891,830
2022 $43,806,810 $8,735,397 $145,851,936 $35,071,413
2021 $8,696,843 $7,625,395 $152,385,239 $1,071,448
2020 $14,839,512 $8,140,353 $122,722,811 $6,699,159
2019 $9,611,206 $13,531,130 $121,442,559 $-3,919,924
2018 $9,282,891 $10,146,931 $127,017,274 $-864,040
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