THE GALWAY UNIVERSITY FOUNDATION

EIN: 300099346 501(c)(3) Education

New York, NY

Total Revenue
$409,346
Total Expenses
$722,492
Total Assets
$1,542,162
Net Assets
$937,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DE
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 provides support for academic and alumni events for University of Galway (www.universityofgalway.ie) and also promotes awareness of the University. The Foundation is also engaged in generating financial support for the University's programs and activities. University of Galway is a public University in Ireland.

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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 (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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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
8

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
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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