FRIENDS OF UNIVERSITY OF GUELPH

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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

1975

Legal Domicile

Principal Officer

CHRISTOPHER NAESE

Phone

6468670994

Tax Period

2024-05-01 to 2025-04-30

FRIENDS OF UNIVERSITY OF GUELPH, founded in 1975, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 441% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT EDUCATIONAL PROGRAMMING AT THE UNIVERSITY OF GUELPH

Program Service Accomplishments

Program 1

Expenses: $1,497,714

TO SUPPORT EDUCATIONAL PROGRAMMING AT THE UNIVERSITY OF GUELPH WHICH HAS MORE THAN 28,000 UNDERGRADUATE AND GRADUATE STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,499,714

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,499,714

Expense Breakdown

Grants Paid $1,497,714

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,497,714

Other Expenses $855

TOTAL EXPENSES $1,498,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,499,714	$277,000	+4.4%
Expenses	$1,498,569	$275,853	+4.4%
Net Income	$1,145	$1,147	0.0%

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

N/A

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
MR ROD JENDRYSIK	RESIGNED '24	0.00	Officer Director	$0	$0	$0
MR CHRISTOPHER NAESE	TREASURER/PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
DR GEORGE MITCHELL	RESIGNED '24	0.00	Officer Director	$0	$0	$0
MR J DONALD WATT	DIRECTOR/VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MR LORNE POLLARD	DIRECTOR	0.50	Director	$0	$0	$0
MRS DERIN DENHAM	DIRECTOR	0.50	Director	$0	$0	$0
MS JANET L BUMSTEAD	DIRECTOR	0.50	Director	$0	$0	$0
MR PETER RYAN	DIRECTOR	0.50	Director	$0	$0	$0
MR DUNCAN MALCOLM	SECRETARY	0.50	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
2025	$1,499,714	$1,498,569	$16,341	$1,145
2024	$277,000	$275,853	$15,196	$1,147
2022	$764,103	$915,121	$20,593	$-151,018
2021	$167,472	$265,428	$171,611	$-97,956
2020	$57,901	$12	$269,567	$57,889