Foundation of the University at Presque Isle (EIN 237211934) - 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

1972

Legal Domicile

Principal Officer

Martin Puckett

Phone

2077689525

Tax Period

2022-07-01 to 2023-06-30

Foundation of the University at Presque Isle, founded in 1972, is a small nonprofit in the Education sector that reported $321K in total revenue in fiscal year 2022. The organization ran a surplus of $95K, a strong 30% operating margin.

Mission

To provide scholarship funds for students.

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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 (2022)

Revenue Breakdown

Contributions & Grants $132,133

Program Service Revenue $0

Investment Income $189,061

Other Revenue $300

TOTAL REVENUE $321,494

Expense Breakdown

Grants Paid $127,193

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,382

Other Expenses $99,189

TOTAL EXPENSES $226,382

Year-over-Year Comparison

	2022	2021	Change
Revenue	$321,494	$330,475	0.0%
Expenses	$226,382	$280,569	-0.2%
Net Income	$95,112	$49,906	+0.9%

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
Martin Puckett	President	000.25	Officer Director	$0	$0	$0
Donald Wayne Cassidy Jr	Vice President	000.25	Officer Director	$0	$0	$0
Brian Sipe	Secretary	000.25	Officer Director	$0	$0	$0
Clint Deschene	Executive Member	000.25	Director	$0	$0	$0
Llori Keirstead	Executive Member	000.25	Director	$0	$0	$0
Jennifer Paradis	Executive Member	000.25	Director	$0	$0	$0
Brett Varnum	Executive Member	000.25	Director	$0	$0	$0
David Watson	Executive Member	000.25	Director	$0	$0	$0
Rayle Ainsworth	Member	000.25	Director	$0	$0	$0
Melissa Buck	Member	000.25	Director	$0	$0	$0
Ruth Ann Cowger	Member	000.25	Director	$0	$0	$0
Mike Kelley Jr	Member	000.25	Director	$0	$0	$0
Jacqui Lowman	Member	000.25	Director	$0	$0	$0
Sean Nordenhall	Member	000.25	Director	$0	$0	$0
Kendra Overlock	Member	000.25	Director	$0	$0	$0
Mandy Pooler	Member	000.25	Director	$0	$0	$0
Jay Reynolds	Member	000.25	Director	$0	$0	$0
Stacy Shaw	Member	000.25	Director	$0	$0	$0
Bryan Thompson	Member	000.25	Director	$0	$0	$0
Brad Wolverton	Member	000.25	Director	$0	$0	$0
Nick Baser	Member	000.25	Director	$0	$0	$0
Clara Collins	Member	000.25	Director	$0	$0	$0
Roberta Griffiths	Member	000.25	Director	$0	$0	$0
Darlene Higgins	Member	000.25	Director	$0	$0	$0
Lehrle Kieffer	Member	000.25	Director	$0	$0	$0
Rick Nadeau	Member	000.25	Director	$0	$0	$0
Deborah Roark	Treasurer	000.25	Officer	$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	$321,494	$226,382	$7,104,897	$95,112
2022	$330,475	$280,569	$6,616,510	$49,906
2021	$188,672	$179,108	$7,568,676	$9,564
2020	$304,210	$363,275	$6,235,853	$-59,065
2019	$347,701	$350,864	$6,277,995	$-3,163

Foundation of the University at Presque Isle