THE UNIVERSITY OF MANITOBA FOUNDATION USA INC (EIN 363683991) - 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

1989

Legal Domicile

Principal Officer

MICHAEL BENARROCH

Phone

3128407000

Tax Period

2023-01-01 to 2023-12-31

THE UNIVERSITY OF MANITOBA FOUNDATION USA INC, founded in 1989, is a small nonprofit in the International Affairs sector that reported $282K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $126K, a strong 45% operating margin.

Mission

TO MAKE DONATIONS FOR CHARITABLE, LITERARY, SCIENTIFIC AND EDUCATIONAL PURPOSES.

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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 $281,419

Program Service Revenue $0

Investment Income $283

Other Revenue $0

TOTAL REVENUE $281,702

Expense Breakdown

Grants Paid $155,699

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,699

Other Expenses $100

TOTAL EXPENSES $155,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,702	$464,201	-0.4%
Expenses	$155,799	$443,437	-0.6%
Net Income	$125,903	$20,764	+5.1%

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
MART BAKAL	Director	1.00	Director	$0	$0	$0
DAVID DREMAN	Director	1.00	Director	$0	$0	$0
ANITA ROSS	Director	1.00	Director	$0	$0	$0
GERALD NIZNICK	Director	1.00	Director	$0	$0	$0
HUGH SMITH	Director	1.00	Director	$0	$0	$0
MICHAEL BENARROCH	President	1.00	Officer	$0	$0	$0
VANESSA KOLDINGNES	Treasurer	1.00	Officer	$0	$0	$0
GREGORY WINTERS	Secretary	1.00	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	No data	No data	No data	No data
2023	$281,702	$155,799	$214,226	$125,903
2022	$464,201	$443,437	$88,323	$20,764
2021	$276,702	$224,994	$67,559	$51,708
2020	$1,300,558	$1,322,654	$15,851	$-22,096
2019	$186,944	$217,320	$37,947	$-30,376
2018	$2,685,048	$2,670,150	$68,323	$14,898

THE UNIVERSITY OF MANITOBA FOUNDATION USA INC