FRIENDS OF QUEEN'S UNIVERSITY OF BELFAST (EIN 522109532) - 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

1998

Legal Domicile

Principal Officer

KAREN MCMONAGLE

Phone

9149083920

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF QUEEN'S UNIVERSITY OF BELFAST, founded in 1998, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO SUPPORT EDUCATIONAL ACTIVITIES, PROJECTS, AND PROGRAMS OF THE QUEEN'S UNIVERSITY OF BELFAST.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,983,999

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,983,999

Expense Breakdown

Grants Paid $2,274,975

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,274,975

Other Expenses $10,820

TOTAL EXPENSES $2,285,795

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,983,999	$1,358,195	+0.5%
Expenses	$2,285,795	$1,135,293	+1.0%
Net Income	$-301,796	$222,902	-2.4%

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
JOHN O'DONOGHUE	PRESIDENT - UNTIL JULY 2025	1.00	Officer Director	$0	$0	$0
KAREN MCMONAGLE - PRESIDENT FROM	JULY 2025 - TRUSTEE FROM APRIL 2025	1.00	Officer Director	$0	$0	$0
EDDIE FRIEL	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNOR ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN GORHAM	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA HAUGHIAN	TRUSTEE - UNTIL MARCH 2026	1.00	Director	$0	$0	$0
GARETH KEANE	TRUSTEE - FROM APRIL 2025	1.00	Director	$0	$0	$0
HUGH ARMSTRONG	TRUSTEE - FROM APRIL 2025	1.00	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
2025	$1,983,999	$2,285,795	$150,479	$-301,796
2024	No data	No data	No data	No data
2023	$1,094,269	$889,577	$214,066	$204,692
2022	$412,985	$492,675	$10,007	$-79,690
2021	$435,532	$401,433	$95,322	$34,099
2020	$74,880	$140,091	$52,091	$-65,211

FRIENDS OF QUEEN'S UNIVERSITY OF BELFAST