FRIENDS OF THE UNIVERSITY OF OTTAWA

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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

1979

Legal Domicile

Principal Officer

JACQUES VAILLANCOURT

Phone

6468670994

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE UNIVERSITY OF OTTAWA, founded in 1979, is a small nonprofit that reported $753K in total revenue in fiscal year 2023. Revenue surged 237% from the prior year, signaling strong growth momentum. Expenses of $869K exceeded revenue, resulting in a 15% operating deficit.

Mission

ADVANCE EDUCATION BY SUPPORTING SPECIAL PROJECTS THAT ADVANCE THE PURPOSES OF THE UNIVERITY OF OTTAWA, OTTAWA, ONTARIO, CANADA, AS DESIGNATED AND DETERMINED BY THE ORGANIZATION'S BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $543,550

TO ADVANCE EDUCATION AT THE UNIVERISTY OF OTTAWA BY SUPPORTING:1) UNIVERSITY'S REFUGEE HUB; 2) DR. J.MACGREGOR STEELE AND DR. JOHN M. STEELE SCHOLARSHIP; 3) DR. CAROLE YAUK'S INNOVATION IN REGULATORY SCIENCE; 4) WOMEN'S HOCKEY SCHOLARSHIPS; 5) CLASS OF 1964 SCHOLARSHIP; 6) MEN'S HOCKEY SCHOLARSHIP; 7) WOMEN'S HOCKEY TEAM; 8) SUSTAINABLE POLYMER REACTION ENGINEERING; 9) EDUCATIONAL PROGRAMS OF THE UNIVERISTY OF OTTAWA.

Program 2

Expenses: $325,457

TO ADVANCE EDUCATION AT THE UNIVERISTY OF OTTAWA BY SUPPORTING:1) SAMUELSON-GLUSHKO PROFESSORSHIP IN LAW; 2) DR. CAROLE YAUK'S INNOVATION IN REGULATORY SCIENCE; 3) MICHEL LALONDE MHA SCHOLARSHIP; 4) PSYCHEDELICS, ETHNIC MINORITIES AND MENTAL HEALTH RESEARCH; 5) CUMING-LALLY CHARITABLE FOUNDATION NURSING SCHOLARSHIP; 6) GREG KOZICZ GEE-GEES MEN'S HOCKEY SCHOLARSHIP; 7) EDUCATIONAL PROGRAMS OF THE UNIVERSITY OF OTTAWA.

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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 $753,294

Program Service Revenue $0

Investment Income $79

Other Revenue $0

TOTAL REVENUE $753,373

Expense Breakdown

Grants Paid $869,007

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $869,007

Other Expenses $25

TOTAL EXPENSES $869,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$753,373	$223,554	+2.4%
Expenses	$869,032	$232,125	+2.7%
Net Income	$-115,659	$-8,571	+12.5%

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
JACQUES VAILLANCOURT	PRESIDENT / DIRECTOR	0.50	Officer Director	$0	$0	$0
PHILIPPE DAVID	TREASURER / DIRECTOR	0.50	Officer Director	$0	$0	$0
KAREN MORIN	SECRETARY / DIRECTOR	0.50	Officer Director	$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	$753,373	$869,032	$434,757	$-115,659
2022	$223,554	$232,125	$100,004	$-8,571
2021	$968,511	$1,055,390	$108,856	$-86,879
2020	$761,101	$996,606	$196,546	$-235,505