FRIENDS OF UFM INC

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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

2011

Legal Domicile

Principal Officer

DANIEL GREEN

Phone

3056065939

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF UFM INC, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $686K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT THE WORK OF UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF FREE AND RESPONSIBLE PERSONS

Program Service Accomplishments

Program 1

Expenses: $126,513

ITA SCHOLARSHIP PROGRAMS: THE ORGANIZATION PROVIDES FUNDING FOR SCHOLARSHIP PROGRAMS AT UFM (ITA IS A SPANISH ACRONYM MEANING "PROMOTING ACADEMIC TALENT") THAT SEEK TO IDENTIFY THE POOREST, MOST...

ITA SCHOLARSHIP PROGRAMS: THE ORGANIZATION PROVIDES FUNDING FOR SCHOLARSHIP PROGRAMS AT UFM (ITA IS A SPANISH ACRONYM MEANING "PROMOTING ACADEMIC TALENT") THAT SEEK TO IDENTIFY THE POOREST, MOST HIGHLY QUALIFIED & MOTIVATED STUDENTS IN GUATEMALA IN ORDER TO MAKE IT POSSIBLE FOR THEM TO EARN AN UNDERGRADUATE DEGREE. THE PROGRAMS INCLUDE SCHOLARSHIPS FOR: LAW STUDENTS; THE ADOLFO LAU SCHOLARSHIP PROGRAM NAMED AFTER A LONG-TIME UFM PROFESSOR OF ARCHITECTURE THAT PASSED AWAY IN 2012; THE INSTITUTE OF POLITICAL STUDIES & INTERNATIONAL RELATIONS (EPRI); THE MANUEL F. AYAU SOCIETY, WHICH WAS ESTABLISHED BY UFM TO HONOR THE LEGACY OF MANUEL F. AYAU & SUPPORTS SCHOLARS & PROFESSORSHIPS; & OTHER SCHOLARSHIPS.

Program 2

Expenses: $72,051

ANTIGUA FORUM GATHERS POLITICAL REFORMERS, ENTREPRENEURS, AND EXPERTS FROM AROUND THE WORLD TO WORK ON PROJECTS THAT FIND REAL SOLUTIONS TO REAL PROBLEMS. AT EACH EVENT, PARTICIPANTS FROM UP TO TWO DOZEN COUNTRIES WORK IN SMALL GROUPS, GUIDED BY TRAINED FACILITATORS, TO HELP PROJECT OWNERS COME UP WITH CONCRETE ACTION PLANS. THERE ARE NO LECTURES, JUST PRODUCTIVE ENCOUNTERS.

Program 3

Expenses: $407,454

OTHER PROGRAMS AND ONE-TIME PROJECTS: FRIENDS PROVIDES SUPPORT TO ADMINISTER OTHER PROGRAMS AND ONE-TIME OR SPECIAL PROJECT SUPPORT TO UFM. FRIENDS MADE GENERAL SUPPORT GRANTS OF $217,516 IN THE YEAR ENDED DECEMBER 31, 2024, TO UFM TO BE ADMINISTERED BY THE UFM PRESIDENT'S OFFICE AT THE DISCRETION OF THE UFM PRESIDENT. FRIENDS ALSO MADE A $82,800 GRANT IN THE YEAR ENDED DECEMBER 31, 2024, TO UFM TO SUPPORT THE GIS NEXT GREAT ADVENTURE ("NGA") FELLOWSHIP, IN HONOR TO GIANCARLO IBARGEN SEGOVIA. FRIENDS MADE GRANTS TOTALING $37,996 FOR A PROGRAM OPERATED BY UFM ACTONMBA AS AN OPPORTUNITY TO DIFFERENTIATE UFM FROM ALL OTHER UNIVERSITIES THAT CLAIM TO SUPPORT ENTREPRENEURSHIP. FRIENDS MADE A GRANT OF $59,800 TO UFM FOR THEIR REFORM WATCH. IN ADDITION, DURING 2024, FRIENDS MADE $9,342 IN OTHER SMALL GRANTS TO UFM FOR OTHER PROGRAMS AND PROJECTS.

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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 $685,269

Program Service Revenue $0

Investment Income $68

Other Revenue $378

TOTAL REVENUE $685,715

Expense Breakdown

Grants Paid $607,329

Salaries & Benefits $0

Fundraising Expenses $3,252

Program Expenses $607,329

Other Expenses $83,168

TOTAL EXPENSES $690,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$685,715	$521,474	+0.3%
Expenses	$690,497	$605,826	+0.1%
Net Income	$-4,782	$-84,352	-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

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
DANIEL GREEN	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
RODOLFO MILANI	PRESIDENT	2.00	Officer Director	$0	$0	$0
HUGO DIAZ	DIRECTOR	2.00	Director	$0	$0	$0
LUIS ANTONIO SAMAYOA	DIRECTOR	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	$685,715	$690,497	$32,649	$-4,782
2023	$521,474	$605,826	$72,174	$-84,352
2022	$588,301	$598,541	$140,664	$-10,240
2021	$1,208,671	$1,709,783	$131,424	$-501,112
2020	$1,264,836	$1,536,599	$936,185	$-271,763
2019	$1,075,087	$1,496,666	$1,091,765	$-421,579
2018	$2,108,250	$915,020	$1,318,347	$1,193,230