UNIVERSITY OF MINNESOTA ALUMNI ASS… - 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

1904

Legal Domicile

Principal Officer

LISA LEWIS

Phone

6126242323

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION, founded in 1904, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2022. Expenses of $4.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION (UMAA) FOSTERS A LIFELONG SPIRIT OF BELONGING AND PRIDE BY CONNECTING ALUMNI, STUDENTS, AND FRIENDS TO THE UNIVERSITY OF MINNESOTA AND EACH OTHER. THE ALUMNI ASSOCIATION ADVOCATES FOR THE UNIVERSITY AND ITS ALUMNI WITH A CREDIBLE, INDEPENDENT, AND COLLABORATIVE VOICE.

Program Service Accomplishments

Program 1

Expenses: $1,356,872 Revenue: $211,871

BUILDING UNIVERSITY CONNECTIONS - PROGRAMS AND ACTIVITIES:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI TO BE AMBASSADORS FOR THE IMPORTANT WORK OF THE UNIVERSITY. THE ASSOCIATION PROVIDES AND PROMOTES PROGRAMS AND ACTIVITIES INCLUDING HOMECOMING EVENTS, SPEAKERS AND PERFORMANCES, SUPPORT OF UNIVERSITY ATHLETIC TEAMS, A GROUP TRAVEL PROGRAM, MENTORING, NETWORKING, AND SOCIAL AND SERVICE OPPORTUNITIES. THE ASSOCIATION ALSO SUPPORTS THE ACTIVIES AND EVENTS OF THE COLLEGIATE ALUMNI SOCIETIES AND GEOGRAPHIC ALUMNI CHAPTERS.

Program 2

Expenses: $1,266,469

PUBLICATIONS AND COMMUNICATIONS:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION PROVIDES OPPORTUNITIES FOR ALUMNI TO BE AMBASSADORS FOR THE IMPORTANT WORK OF THE UNIVERSITY. THE ASSOCIATION PROVIDES AND PROMOTES PROGRAMS AND ACTIVITIES INCLUDING HOMECOMING EVENTS, SPEAKERS AND PERFORMANCES, SUPPORT OF UNIVERSITY ATHLETIC TEAMS, A GROUP TRAVEL PROGRAM, MENTORING, NETWORKING, AND SOCIAL AND SERVICE OPPORTUNITIES. THE ASSOCIATION ALSO SUPPORTS THE ACTIVIES AND EVENTS OF THE COLLEGIATE ALUMNI SOCIETIES AND GEOGRAPHIC ALUMNI CHAPTERS.

Program 3

Expenses: $318,490

BUILDING UNIVERSITY CONNECTION:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION BRINGS NEWS ABOUT THE UNIVERSITY AND ALUMNI TO MEMBERS, ALUMNI AND THE PUBLIC THROUGH MULTIPLE MEDIA CHANNELS. THE...

BUILDING UNIVERSITY CONNECTION:THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION BRINGS NEWS ABOUT THE UNIVERSITY AND ALUMNI TO MEMBERS, ALUMNI AND THE PUBLIC THROUGH MULTIPLE MEDIA CHANNELS. THE AWARD-WINNING MINNESOTA MAGAZINE IS SENT TO MEMBERS IN PRINTED FORM AND IS AVAILABLE TO ALUMNI AND THE PUBLIC ONLINE. THE ASSOCIATION ALSO PROVIDES INFORMATION TO ALUMNI ABOUT EVENTS, ACTIVITIES, UNIVERSITY AND ALUMNI ASSOCIATION NEWS, MEMBER BENEFITS AND DISCOUNTS, AND OTHER OPPORTUNITIES THROUGH ALUMNI ANGLE, A WEEKLY ALL-ALUMNI EMAIL NEWSLETTER. THE ASSOCIATION ALSO PROVIDES EXTENSIVE INFORMATION AND UPDATES THROUGH SOCIAL MEDIA AND ON ITS WEB SITE, WWW.UMNALUMNI.ORG.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,763,809

Program Service Revenue $632,889

Investment Income $930,134

Other Revenue $519,263

TOTAL REVENUE $3,846,095

Expense Breakdown

Grants Paid $94,000

Salaries & Benefits $2,847,763

Fundraising Expenses $1,014,626

Program Expenses $3,035,831

Other Expenses $1,939,052

TOTAL EXPENSES $4,894,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,846,095	$4,005,200	0.0%
Expenses	$4,894,775	$4,574,801	+0.1%
Net Income	$-1,048,680	$-569,601	+0.8%

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

Volunteers

141

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

$481,882

Total Directors

$329,544

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA LEWIS	PRESIDENT & CEO	48.00	Officer Director	$278,041	$51,503	$329,544
SCOTT WALLACE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ANN SHELDON	CHAIR	1.00	Officer Director	$0	$0	$0
TONY WAGNER	TREASURER	1.00	Officer Director	$0	$0	$0
PAT DUNCANSON	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
NADIA HASAN	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH BERAKI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CLAUSMAN	DIRECTOR	1.00	Director	$0	$0	$0
WOKIE DABOH	DIRECTOR	1.00	Director	$0	$0	$0
CAROL JOHNSON DEAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HELM	DIRECTOR	1.00	Director	$0	$0	$0
MARK JETER	DIRECTOR	1.00	Director	$0	$0	$0
EMILIA NDELY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
PEYTON OWENS III	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA PIEPER-BIGELOW	DIRECTOR	1.00	Director	$0	$0	$0
LAKEESHA RANSOM	DIRECTOR	1.00	Director	$0	$0	$0
ROGER REINERT	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON ROHLOFF	DIRECTOR	1.00	Director	$0	$0	$0
JOSH STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SWEET	DIRECTOR	1.00	Director	$0	$0	$0
BESTY VOHS	DIRECTOR	1.00	Director	$0	$0	$0
TAREQ BASTAWISY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DREW SWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
FLORA YANG	DIRECTOR	1.00	Director	$0	$0	$0
MARY BANY	DIRECTOR	1.00	Director	$0	$0	$0
WILL COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GARRY	VICE PRESIDENT & CFO	48.00	Officer	$110,589	$41,749	$152,338
LISA HUBER	VICE PRESIDENT OF MARKETING	48.00	Highest	$110,932	$20,568	$131,500

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	No data	No data	No data	No data
2023	$3,846,095	$4,894,775	$32,721,200	$-1,048,680
2022	$4,005,200	$4,574,801	$31,666,875	$-569,601
2021	$3,938,876	$4,102,449	$34,396,499	$-163,573
2020	$2,668,178	$4,294,790	$25,924,283	$-1,626,612
2019	$3,399,193	$4,331,308	$26,559,196	$-932,115
2018	$3,629,272	$5,092,664	$25,577,619	$-1,463,392

UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION