THE GALWAY UNIVERSITY FOUNDATION

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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

2000

Legal Domicile

Principal Officer

Donal Cahalane

Phone

9176754790

Tax Period

2023-10-01 to 2024-09-30

THE GALWAY UNIVERSITY FOUNDATION, founded in 2000, is a small nonprofit in the Education sector that reported $409K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $722K exceeded revenue, resulting in a 76% operating deficit.

Mission

Galway University Foundation, Inc is a not-for-profit organization that provides support for various aspects of University of Galway which is a leading University in Ireland with close links to a number of Universities in the United States. Approximately 700 US citizens attend University of Galway annually.

Program Service Accomplishments

Program 1

Expenses: $686,182 Revenue: $0

Research Support - The Foundation supported programs at University of Galway in the areas of Medical Research, Humanities Research and Student Scholarships.

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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 (2023)

Revenue Breakdown

Contributions & Grants $379,194

Program Service Revenue $0

Investment Income $30,152

Other Revenue $0

TOTAL REVENUE $409,346

Expense Breakdown

Grants Paid $686,182

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $686,182

Other Expenses $36,310

TOTAL EXPENSES $722,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$409,346	$666,015	-0.4%
Expenses	$722,492	$608,097	+0.2%
Net Income	$-313,146	$57,918	-6.4%

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
James McGlennon	Director / President	1	Director	$0	$0	$0
Peter McHugh	Professor	1	Director	$0	$0	$0
Dr Joseph D'Alton	Director	0.5	Director	$0	$0	$0
Dr Irial Finan	Director	0.5	Director	$0	$0	$0
Aedhmar Hynes	Director	0.5	Director	$0	$0	$0
Adrian Jones	Director	0.5	Director	$0	$0	$0
Seamus Kavanagh	Director	0.5	Director	$0	$0	$0
William O'Connor	Director	0.5	Director	$0	$0	$0
Daragh O'Flaherty	Director	0.5	Director	$0	$0	$0
Donal Cahalane	Finance Officer, Secretary	10	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
2024	$409,346	$722,492	$1,542,162	$-313,146
2023	$666,015	$608,097	$1,709,451	$57,918
2022	$1,744,583	$1,235,993	$1,330,171	$508,590
2021	$439,516	$469,459	$875,996	$-29,943
2020	$387,919	$151,071	$1,081,809	$236,848
2019	$154,479	$150,398	$914,168	$4,081
2018	$320,628	$230,753	$1,004,513	$89,875