RAZORBACK FOUNDATION INC

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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

1981

Legal Domicile

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 $44.6M in total revenue in fiscal year 2022. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 20% operating margin.

Mission

SUPPORT OF INTERCOLLEGIATE ATHLETICS AT THE UNIVERSITY OF ARKANSAS

Program Service Accomplishments

Program 1

Expenses: $18,724,934

PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR OPERATIONAL FUNDING.

Program 2

Expenses: $7,553,337

PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR FACILITIES, CONSTRUCTION, AND RENOVATION.

Program 3

Expenses: $254,875

PAYMENTS TO AND ON BEHALF OF THE UNIVERSITY OF ARKANSAS ATHLETIC DEPARTMENT FOR SCHOLARSHIPS.

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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 (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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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

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

$491,024

Total Directors

Key Employees

Highest Compensated

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