Friends of Massey University

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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

2009

Legal Domicile

Principal Officer

Wayne McIlwraith

Phone

2023968151

Tax Period

2025-01-01 to 2025-12-31

Friends of Massey University, founded in 2009, is a small nonprofit in the Education sector that reported $285K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $497K exceeded revenue, resulting in a 74% operating deficit.

Mission

Support educational programs at Massey University in New Zealand.

Program Service Accomplishments

Program 1

Expenses: $496,531

Support educational programs to enhance the college experience for students and faculty by funding specific projects at Massey University in New Zealand.

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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 (2025)

Revenue Breakdown

Contributions & Grants $284,683

Program Service Revenue $0

Investment Income $40

Other Revenue $0

TOTAL REVENUE $284,723

Expense Breakdown

Grants Paid $496,531

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $496,531

Other Expenses $240

TOTAL EXPENSES $496,771

Year-over-Year Comparison

	2025	2024	Change
Revenue	$284,723	$307,581	-0.1%
Expenses	$496,771	$90,691	+4.5%
Net Income	$-212,048	$216,890	-2.0%

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
Wayne McIlwraith	President	1.00	Officer Director	$0	$0	$0
Linda Jenkinson	Treasurer	1.00	Officer Director	$0	$0	$0
Craig Walker	Director	1.00	Director	$0	$0	$0
Joshua Feast	Director	1.00	Director	$0	$0	$0
Ben Phillips	Secretary & Executive Dire	1.00	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	$284,723	$496,771	$6,829	$-212,048
2024	$307,581	$90,691	$218,877	$216,890
2023	$381,132	$390,464	$1,987	$-9,332
2022	$321,122	$311,380	$11,319	$9,742
2021	$315,487	$314,327	$1,577	$1,160