University Corporation for Advance… - 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

1997

Legal Domicile

Principal Officer

Howard Pfeffer

Phone

7349134250

Tax Period

2024-01-01 to 2024-12-31

University Corporation for Advanced Internet Development, founded in 1997, is a mid-sized nonprofit in the Science & Technology sector that reported $81.6M in total revenue in fiscal year 2024. Expenses of $71.7M left a modest 12% surplus.

Mission

Internet2 promotes the missions of its members by providing both leading-edge network capabilities and unique partnership opportunities that together facilitate the development, deployment and use of revolutionary internet technologies.

Program Service Accomplishments

Program 1

Expenses: $39,045,908 Revenue: $41,555,460

Network Services is an advanced backbone network that connects regional network aggregation points to support the work of Internet2 Universities as they develop advanced internet applications. The...

Network Services is an advanced backbone network that connects regional network aggregation points to support the work of Internet2 Universities as they develop advanced internet applications. The Internet2 network is the nation's research and education network and provides state-of-the-art services that researchers use to accelerate the rate of their scientific work and discovery and to collaborate with colleagues and use digital assets and tools worldwide.

Program 2

Expenses: $11,245,561 Revenue: $11,838,724

Internet2 provides the community-built and community-driven trust and identity infrastructure that supports faculty and staff, researchers and scholars, and access to services across the U.S. and...

Internet2 provides the community-built and community-driven trust and identity infrastructure that supports faculty and staff, researchers and scholars, and access to services across the U.S. and globally. The identity and access management model provides the policy and technical backbone for secure interactions, and allows single sign-on convenience for individuals.

Program 3

Expenses: $8,238,116 Revenue: $12,940,256

Community engagement is responsible for creating, sustaining and expanding membership and participation in Internet2 and building excitement around Internet2 programs and services for the global...

Community engagement is responsible for creating, sustaining and expanding membership and participation in Internet2 and building excitement around Internet2 programs and services for the global community. Membership Services engages directly with the Internet2 community in meaningful ways that cultivate strong relationships and enable community members to realize their potential through Internet2.

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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 $3,096,919

Program Service Revenue $75,015,742

Investment Income $3,022,651

Other Revenue $444,733

TOTAL REVENUE $81,580,045

Expense Breakdown

Grants Paid $659,562

Salaries & Benefits $27,777,486

Fundraising Expenses $0

Program Expenses $66,047,575

Other Expenses $43,225,419

TOTAL EXPENSES $71,662,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,580,045	$77,270,423	+0.1%
Expenses	$71,662,467	$66,176,968	+0.1%
Net Income	$9,917,578	$11,093,455	-0.1%

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

168

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

$1,668,185

Total Directors

$816,435

Key Employees

$1,212,004

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Pfeffer	President & CEO	40.00	Officer Director	$744,017	$72,418	$816,435
Gregory Washington	Board Chair	0.50	Director	$0	$0	$0
Cynthia Larive	Board Vice Chair	0.50	Director	$0	$0	$0
Neeli Bendapudi	Trustee until 10/31/24	0.50	Director	$0	$0	$0
Jennifer Cowley	Trustee	0.50	Director	$0	$0	$0
Rebecca Cunningham	Trustee until 3/29/24	0.50	Director	$0	$0	$0
Ewa Deelman	Trustee	0.50	Director	$0	$0	$0
Deborah Dent	Trustee	0.50	Director	$0	$0	$0
Elias Eldayrie	Trustee	0.50	Director	$0	$0	$0
Louis Fox	Trustee until 10/31/24	0.50	Director	$0	$0	$0
David Lassner	Trustee until 10/31/24	0.50	Director	$0	$0	$0
Melissa Loble	Trustee	0.50	Director	$0	$0	$0
Derek Masseth	Trustee	0.50	Director	$0	$0	$0
Marla Meehl	Trustee until 10/31/24	0.50	Director	$0	$0	$0
Michele Norin	Trustee	0.50	Director	$0	$0	$0
Santa Ono	Trustee	0.50	Director	$0	$0	$0
Mary Lou D Ortiz	Trustee	0.50	Director	$0	$0	$0
Daniel Reed	Trustee	0.50	Director	$0	$0	$0
Steve Relyea	Trustee	0.50	Director	$0	$0	$0
Sean Reynolds	Trustee	0.50	Director	$0	$0	$0
Tripti Sinha	Trustee	0.50	Director	$0	$0	$0
Satish Tripathi	Trustee	0.50	Director	$0	$0	$0
Jeffrey Evans	CFO and Treasurer	40.00	Officer	$365,033	$73,644	$438,677
Belinda Nixon	VP, General Counsel, and Secretary	40.00	Officer	$374,077	$38,996	$413,073
Kevin Morooney	Vice President	40.00	Key Emp	$400,928	$40,025	$440,953
Ana Hunsinger	Vice President	40.00	Key Emp	$331,491	$67,370	$398,861
James Deaton	Vice President	40.00	Key Emp	$305,197	$66,993	$372,190
Steven Zoppi	Associate Vice President	40.00	Highest	$275,113	$59,799	$334,912
George Loftus	Associate Vice President	40.00	Highest	$269,068	$59,908	$328,976
Ann West	Associate Vice President	40.00	Highest	$256,492	$57,960	$314,452
James Lipscomb	Associate Vice President	40.00	Highest	$229,294	$57,840	$287,134
Christian Todorov	Director	40.00	Highest	$227,015	$53,940	$280,955

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	$81,580,045	$71,662,467	$160,093,596	$9,917,578
2023	$77,270,423	$66,176,968	$151,246,192	$11,093,455
2022	$76,949,930	$68,063,892	$142,813,038	$8,886,038
2021	$68,377,349	$67,723,011	$100,591,703	$654,338
2020	$73,253,125	$66,579,135	$98,883,424	$6,673,990
2019	$74,976,240	$71,559,969	$96,075,803	$3,416,271
2018	$79,819,630	$71,995,068	$95,177,602	$7,824,562

University Corporation for Advanced Internet Development