RAZORBACK FOUNDATION INC

EIN: 710540644 501(c)(3) Education

FAYETTEVILLE, AR

Total Revenue
$44,580,109
Total Expenses
$35,589,796
Total Assets
$93,945,531
Net Assets
$93,451,323
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
AR
Principal Officer
RYAN WHITE
Phone
4794439000
Tax Period
2022-07-01 to 2023-06-30

RAZORBACK FOUNDATION INC, founded in 1981, is a mid-sized nonprofit in the Education sector that reported $28.9M in total revenue in fiscal year 2017. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $52.4M exceeded revenue, resulting in a 81% operating deficit.

Mission

SUPPORT OF INTERCOLLEGIATE ATHLETICS AT THE UNIVERSITY OF ARKANSAS

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $43,218,118
Program Service Revenue $0
Investment Income $1,336,962
Other Revenue $25,029
TOTAL REVENUE $44,580,109

Expense Breakdown

Grants Paid $26,533,146
Salaries & Benefits $2,591,274
Fundraising Expenses $1,619,777
Program Expenses $26,533,146
Other Expenses $6,465,376
TOTAL EXPENSES $35,589,796

Year-over-Year Comparison

2022 2021 Change
Revenue $44,580,109 $32,561,743 +0.4%
Expenses $35,589,796 $18,328,627 +0.9%
Net Income $8,990,313 $14,233,116 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
30
Volunteers
25

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
2
$491,024
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SCANLON CHAIR AND PRESIDENT 0.10
Director
$0 $0 $0
MINDY WEST VICE PRESIDENT 0.10
Director
$0 $0 $0
JOHN RUTLEDGE TREASURER 0.10
Director
$0 $0 $0
ANGELA RYAN SECRETARY 0.10
Director
$0 $0 $0
KEN MOURTON DIRECTOR 0.10
Director
$0 $0 $0
TODD SIMMONS DIRECTOR 0.10
Director
$0 $0 $0
RICK CHAPMAN DIRECTOR 0.10
Director
$0 $0 $0
CHARLES REDFIELD DIRECTOR 0.10
Director
$0 $0 $0
LISA WALKER DIRECTOR 0.10
Director
$0 $0 $0
RICK MASSEY DIRECTOR 0.10
Director
$0 $0 $0
DERRICK RICHARDSON DIRECTOR 0.10
Director
$0 $0 $0
DERRICK THOMAS DIRECTOR 0.10
Director
$0 $0 $0
BRYAN HUNT DIRECTOR 0.10
Director
$0 $0 $0
JJ HURLEY DIRECTOR 0.10
Director
$0 $0 $0
MARSHA MARTIN DIRECTOR 0.10
Director
$0 $0 $0
SCOTT VARADY EXECUTIVE DIRECTOR 50.00
Officer
$260,026 $27,997 $288,023
BILLYE VETETO CHIEF FINANCIAL OFFICER 50.00
Officer
$179,636 $23,365 $203,001
JOHN MATSKO SENIOR ASSOCIATE DIRECTOR 50.00
Highest
$147,068 $29,489 $176,557
MARVIN CASTON SENIOR DIRECTOR OF DEVELOP 50.00
Highest
$154,192 $30,088 $184,280
MICA STROTHER SENIOR DIRECTOR OF DEVELOP 50.00
Highest
$150,007 $25,589 $175,596
QUINN GROVEY SENIOR DIRECTOR OF DEVELOP 50.00
Highest
$153,638 $20,227 $173,865
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 $44,580,109 $35,589,796 $93,945,531 $8,990,313
2022 $32,561,743 $18,328,627 $83,545,180 $14,233,116
2021 $26,130,749 $21,722,204 $72,537,377 $4,408,545
2020 $27,182,758 $27,517,037 $62,644,598 $-334,279
2019 $31,877,172 $30,842,607 $63,271,154 $1,034,565
2018 $28,946,541 $52,449,030 $66,690,611 $-23,502,489
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