THE UNIVERSITY OF CINCINNATI FOUND… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

LEIGH R FOX

Phone

5135566781

Tax Period

2023-07-01 to 2024-06-30

THE UNIVERSITY OF CINCINNATI FOUNDATION, founded in 1977, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $177.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $73.9M, a strong 42% operating margin.

Mission

MISSION: TO INSPIRE A COMMUNITY OF UC AND UC HEALTH SUPPORTERS THROUGH THE POWER OF PHILANTHROPY.VISION: IGNITING PASSION TO TRANSFORM LIVES.

Program Service Accomplishments

Program 1

Expenses: $71,312,203 Revenue: $30,393,504

THE UC FOUNDATION IS THE FUNDRAISING ENTITY FOR THE UNIVERSITY OF CINCINNATI. THE UC FOUNDATION EXISTS TO ADVANCE THE FUTURES OF THE UNIVERSITY, ITS COLLEGES, UNITS, DEPARTMENTS, FACULTY AND STUDENTS THROUGH PHILANTHROPY AND TO PROMOTE ALUMNI ENGAGEMENT. ALL PROGRAM SERVICE ALLOCATIONS ARE MADE TO OR FOR THE BENEFIT OF THE UNIVERSITY OF CINCINNATI. IN ADDITION TO THE ABOVE, THE UC FOUNDATION ALSO PROVIDES FUNDRAISING SERVICES FOR UC HEALTH AND RECORDS DONATIONS RECEIVED BY THE LINDNER CENTER OF HOPE. THE DONATIONS RECORDED BY THE UC FOUNDATION FOR UC HEALTH, THE LINDNER CENTER OF HOPE AND DONATIONS RECEIVED DIRECTLY BY THE UNIVERSITY OF CINCINNATI ARE NOT INCLUDED IN THE FORM 990 AS CONTRIBUTION AND GRANT REVENUE.

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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 $118,885,900

Program Service Revenue $30,415,171

Investment Income $28,913,869

Other Revenue $-308,357

TOTAL REVENUE $177,906,583

Expense Breakdown

Grants Paid $67,321,363

Salaries & Benefits $24,578,053

Fundraising Expenses $26,928,179

Program Expenses $71,312,203

Other Expenses $12,124,000

TOTAL EXPENSES $104,023,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,906,583	$148,318,754	+0.2%
Expenses	$104,023,416	$105,726,355	0.0%
Net Income	$73,883,167	$42,592,399	+0.7%

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

305

Volunteers

2416

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

$1,118,627

Total Directors

Key Employees

$1,396,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH R FOX	CHAIR	1.00	Officer Director	$0	$0	$0
RAE A MANG	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ALVIN H CRAWFORD MD	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA WAIT	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA K WIOT	TRUSTEE	1.00	Director	$0	$0	$0
ANIL HINDUJA	TRUSTEE	1.00	Director	$0	$0	$0
ANNDREA MOORE	TRUSTEE	1.00	Director	$0	$0	$0
ARUN MURTHY	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA FANT	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER VAN PELT	TRUSTEE	1.00	Director	$0	$0	$0
CORA OGLE	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
DARRELL D MILLER	TRUSTEE	1.00	Director	$0	$0	$0
EDWIN L BOWMAN III	TRUSTEE	1.00	Director	$0	$0	$0
ERIC C BROYLES	TRUSTEE	1.00	Director	$0	$0	$0
GARY D JOHNS	TRUSTEE	1.00	Director	$0	$0	$0
GYAN JHA	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE C NEUMANN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BOYCE	TRUSTEE	1.00	Director	$0	$0	$0
JEROME C KATHMAN	TRUSTEE	1.00	Director	$0	$0	$0
JERRY L FRITZ	TRUSTEE	1.00	Director	$0	$0	$0
JOHN B BERDING	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH P JUDGE	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
JUDY L PERSHERN	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH BYERS	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
KIMBERLEE J DOBBS	TRUSTEE	1.00	Director	$0	$0	$0
KIRK PERRY	TRUSTEE	1.00	Director	$0	$0	$0
LAURENCE F JONES III	TRUSTEE	1.00	Director	$0	$0	$0
LA VANDEZ JONES	TRUSTEE	1.00	Director	$0	$0	$0
LORI A BEER	TRUSTEE	1.00	Director	$0	$0	$0
LOURDES HARSHE	TRUSTEE	1.00	Director	$0	$0	$0
NANCY SANTI	TRUSTEE	1.00	Director	$0	$0	$0
PAUL GREEN	TRUSTEE	1.00	Director	$0	$0	$0
PETER ALPAUGH	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
RICHARD C SEAL	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL C MYERS	TRUSTEE	1.00	Director	$0	$0	$0
RUTHIE S KEEFE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN RYBOLT	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
SEAN P CONNELL	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
SHAKILA T AHMAD	TRUSTEE	1.00	Director	$0	$0	$0
SHENAN P MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
SHIMUL A SHAH	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN E KIMPEL	TRUSTEE	1.00	Director	$0	$0	$0
STUART G HOFFMAN	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
THOMAS CARLETON	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY A ELSBROCK	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM T NEAT	TRUSTEE	1.00	Director	$0	$0	$0
PETER LANDGREN	PRESIDENT	40.00	Officer	$543,123	$49,471	$592,594
THOMAS D FREEMAN	VP & CFO, TREASURER	40.00	Officer	$303,220	$38,534	$351,204
HEATHER ELLISON	CHIEF OF STAFF, SECRETARY	40.00	Officer	$148,367	$26,462	$174,829
O RICHARD BUNDY III	PRESIDENT	40.00	Officer	$0	$0	$0
JONATHAN AGREE	VP OF DEVELOPMENT - ACADEMIC HEALTH	40.00	Key Emp	$357,786	$42,948	$400,734
STEVE ROSFELD	VP OF DEVELOPMENT- PART YEAR	40.00	Key Emp	$326,830	$50,083	$376,913
JENNIFER HEISEY	VP OF ALUMNI & DONOR EXPERIENCE	40.00	Key Emp	$297,525	$33,026	$330,551
CARRIE WHITE	VP OF TECH, INFO & PHILAN STRATEGY	40.00	Key Emp	$257,721	$30,081	$287,802
CALEB WHITTED	VP OF PRINCIPAL GIVING	40.00	Highest	$270,103	$39,400	$309,503
KAREN HATCHER	AVP OF PRINCIPAL GIFTS, ATHLETICS	40.00	Highest	$258,489	$35,320	$293,809
JULIE ENGEBRECHT	VP OF STRATEGIC COMMUNICATIONS	40.00	Highest	$218,174	$35,909	$254,083
LAUREEN MCCORKLE	AVP OF DEVELOPMENT, UC CANCER CENTER	40.00	Highest	$211,908	$41,668	$253,576
LINDA BLEDSOE	VP OF HUMAN RESOURCES	40.00	Highest	$207,264	$34,372	$241,636
MIKE ZENZ	EXEC DIRECTOR FOR PRINCIPAL GIVING	40.00		$172,835	$26,426	$199,261

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	$177,906,583	$104,023,416	$904,693,969	$73,883,167
2023	$148,318,754	$105,726,355	$790,352,151	$42,592,399
2022	$143,064,693	$125,858,709	$743,496,538	$17,205,984
2021	$116,975,364	$93,191,638	$757,922,023	$23,783,726
2020	$119,970,948	$87,755,287	$616,325,698	$32,215,661
2019	$116,003,699	$85,851,319	$604,187,898	$30,152,380
2018	$123,140,971	$87,827,860	$569,186,415	$35,313,111

THE UNIVERSITY OF CINCINNATI FOUNDATION