The Ohio University Foundation (EIN 316402269) - Form 990 Financial Analysis & Trantor Score

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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

1945

Legal Domicile

Phone

7405931901

Tax Period

2023-07-01 to 2024-06-30

The Ohio University Foundation, founded in 1945, is a mid-sized nonprofit in the Education sector that reported $69.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $13.5M, a strong 19% operating margin.

Mission

The Ohio University Foundation is an active partner in Ohio University's mission of education, research, and service. The Foundation provides support for financial aid, research, capital expansion, and other academic initiatives, securing for Ohio University a margin of excellence that otherwise would not be possible.

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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 $42,126,120

Program Service Revenue $0

Investment Income $27,687,092

Other Revenue $-93,614

TOTAL REVENUE $69,719,598

Expense Breakdown

Grants Paid $38,255,455

Salaries & Benefits $10,242,029

Fundraising Expenses $8,423,700

Program Expenses $41,660,410

Other Expenses $7,213,110

TOTAL EXPENSES $56,192,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,719,598	$85,119,153	-0.2%
Expenses	$56,192,758	$51,237,015	+0.1%
Net Income	$13,526,840	$33,882,138	-0.6%

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

106

Volunteers

591

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

$1,120,444

Total Directors

$2,200,800

Key Employees

$1,362,031

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candice Casto	Treasurer & CFO	36.0	Officer Director	$198,344	$72,614	$270,958
I Robert Rudy	Vice Chair	4.0	Officer Director	$0	$0	$0
Lyn Redington	President & CEO (begin FEB 24)	6.0	Officer Director	$0	$58,324	$352,405
Nico Karagosian	President & CEO (until FEB 24)	38.0	Officer Director	$415,999	$81,082	$497,081
Sandra Anderson	Chair	5.0	Officer Director	$0	$0	$0
Stephen Muck	Vice Chair	4.0	Officer Director	$0	$0	$0
Susan Weiss Mulgrew	Secretary	4.0	Officer Director	$0	$0	$0
Ann Gabriel	Trustee	1.0	Director	$0	$0	$0
Ann Wagner Hill	Trustee	2.0	Director	$0	$0	$0
Bill Brand	Trustee	6.0	Director	$0	$0	$0
Casey Christopher	Trustee	1.0	Director	$0	$0	$0
Charles Ciuni	Trustee	5.0	Director	$0	$0	$0
Cynthia Calhoun	Trustee	1.0	Director	$0	$0	$0
Daryl Sybert	Trustee (until APR 2024)	1.0	Director	$0	$0	$0
David Abram	Trustee	5.0	Director	$0	$0	$0
David Levy	Trustee	3.0	Director	$0	$0	$0
David Wolfort	Trustee	2.0	Director	$0	$0	$0
Dennis Minichello	Trustee	1.0	Director	$0	$0	$0
Diane Smullen	Trustee	1.0	Director	$0	$0	$0
Donald Harrison Jr	Trustee	1.0	Director	$0	$0	$0
Edward Chow	Trustee	2.0	Director	$0	$0	$0
Gregory Hill	Trustee	2.0	Director	$0	$0	$0
Gregory Moore	Trustee	1.0	Director	$0	$0	$0
Jacqueline Reau	Trustee	2.0	Director	$0	$0	$0
Jeffrey Loewy	Trustee	1.0	Director	$0	$0	$0
Jeffrey Wright	Trustee	1.0	Director	$0	$0	$0
John Day	Trustee and University's VP Finance & Admin (beg NOV 23)	1.0	Director	$0	$57,697	$241,676
Lori Stewart Gonzalez	Trustee and University President	3.0	Director	$0	$44,847	$407,705
Mark Arnold	Trustee	6.0	Director	$0	$0	$0
Mark Heil	Trustee and University's VP Finance & Admin (until NOV 23)	1.0	Director	$0	$68,286	$430,975
Melissa Wervey Arnold	Trustee	1.0	Director	$0	$0	$0
Paul Gydosh	Trustee	3.0	Director	$0	$0	$0
Paul Stewart	Trustee (beg JAN 2024)	1.0	Director	$0	$0	$0
Phyllis Kohler	Trustee	3.0	Director	$0	$0	$0
R Scott Durcanin	Trustee	1.0	Director	$0	$0	$0
Robert Wolfinger	Trustee	7.0	Director	$0	$0	$0
Robin Smith	Trustee	2.0	Director	$0	$0	$0
Thomas Anderson	Trustee	1.0	Director	$0	$0	$0
Timothy Busch	Trustee	5.0	Director	$0	$0	$0
William Ball	Trustee	2.0	Director	$0	$0	$0
William Hilyard	Trustee	2.0	Director	$0	$0	$0
Elizabeth Sayrs	Provost	4.0	Key Emp	$0	$59,697	$434,251
Jennifer Bowie	Associate VP of Alumni Relations & Annual Giving and Exec Dir of OUAA	40.0	Key Emp	$177,283	$24,532	$201,815
Maj Mirmirani	Dean, Russ College of Engineering and Technology (until JUL 2023)	4.0	Key Emp	$0	$18,580	$219,777
Major Alston	Senior Associate VP Advancement and Campaign Director	38.0	Key Emp	$210,124	$73,113	$283,237
Patrick Fox	Dean, Russ College of Engineering and Technology (Beg JUL 2023)	4.0	Key Emp	$0	$35,421	$222,951
David Gaume	Chief Investment Officer	36.0	Highest	$359,736	$78,230	$437,966
Dawn Tabata	Senior Advisor, Principal Prospects & Donor Strategy	40.0	Highest	$135,483	$18,688	$154,171
Joseph Pauwels	Associate VP, Advancement Svcs and Deputy Campaign Director	40.0	Highest	$143,256	$65,884	$209,140
Kelli Kotowski	Assistant Vice President, Gift Planning	40.0	Highest	$155,842	$37,280	$193,122
Teri Gartland	Assistant Vice President, Major Giving	38.0	Highest	$159,383	$46,908	$206,291
Chaden Djalali	Former Provost	0.0		$0	$69,933	$290,339
Hugh Sherman	Former Trustee and Former University President	0.0		$0	$58,271	$485,259
M Duane Nellis	Former Trustee and Former University President	0.0		$0	$62,976	$333,260
Mei Wei	Former Dean, Russ College of Engineering and Technology	0.0		$0	$33,265	$155,916

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	$69,719,598	$56,192,758	$792,735,359	$13,526,840
2023	$85,119,153	$51,237,015	$725,272,249	$33,882,138
2022	$75,179,430	$52,577,327	$641,559,157	$22,602,103
2021	$65,304,081	$43,159,840	$720,462,181	$22,144,241
2020	$30,534,110	$37,052,627	$564,704,219	$-6,518,517
2019	$42,315,297	$41,103,616	$566,584,572	$1,211,681
2018	$47,193,323	$44,666,135	$559,431,920	$2,527,188

The Ohio University Foundation