UMGC Ventures Inc (EIN 812898004) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

David Cumberbatch

Phone

3019907898

Tax Period

2022-07-01 to 2023-06-30

UMGC Ventures Inc, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $40.1M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

UMGC VENTURES IS AN ORGANIZATION THAT SUPPORTS THE UNIVERSITY OF MARYLAND UNIVERSITY GLOBAL CAMPUS (UMGC). THE PURPOSE OF UMGC VENTURES IS THREEFOLD: - TO SUPPORT UMGC'S TRANSFORMATION INTO A FIRST-CLASS, MARKET-LEADING INNOVATION HUB AND THE HIGHER EDUCATION DESTINATION OF CHOICE FOR ADULT LEARNERS WISHING TO ADVANCE THEIR CAREERS. - TO CREATE A PLATFORM FROM WHICH ALL HIGHER EDUCATION, ESPECIALLY UNIVERSITY SYSTEM OF MARYLAND INSTITUTIONS, CAN LEVERAGE THE POTENTIAL OF BEST PRACTICES AND SCALE SERVICES COMMON TO THE DELIVERY OF HIGHER EDUCATION. - TO GENERATE AND CAPTURE ECONOMIC BENEFIT TO ENABLE UMGC TO INCREASE ITS CAPACITY TO DELIVER A LOW-COST, HIGH VALUE OFFERING TO ITS STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,961,542

Investment Income $92,016

Other Revenue $0

TOTAL REVENUE $40,053,558

Expense Breakdown

Grants Paid $303

Salaries & Benefits $25,243,614

Fundraising Expenses $0

Program Expenses $34,627,068

Other Expenses $14,839,070

TOTAL EXPENSES $40,082,987

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,053,558	$43,421,101	-0.1%
Expenses	$40,082,987	$39,820,634	+0.0%
Net Income	$-29,429	$3,600,467	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

198

Volunteers

N/A

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

$588,827

Total Directors

$773,709

Key Employees

$1,700,704

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDELIN COLBY THRU 0922	Chief executive officer	40.0	Officer Director	$366,057	$21,824	$387,881
NICHOLE MCDONALD	VP, HUMAN RESOURCES	40.0	Key Emp	$273,318	$23,293	$296,611
JOHN SHIN THRU 1122	VP, PRODUCTS & SOFTWARE	40.0	Key Emp	$239,673	$21,836	$261,509
PATRICK TURNER	VP, IT & SECURITY OPERATIONS	40.0	Key Emp	$242,564	$16,313	$258,877
BARRY SUGARMAN	VP, LEARNING PLATFORMS	40.0	Key Emp	$229,998	$20,675	$250,673
CHRISTOPHER TATEM	SOLUTION DESIGN & DEVELOPMENT	40.0	Key Emp	$202,273	$18,599	$220,872
FEDOR VASQUEZ	VP, DIGITAL PROD DESIGN & Tech	40.0	Key Emp	$200,227	$19,727	$219,954
TULIO LAGOS	AVP, DIGITAL PRODUCT MGT	40.0	Highest	$181,185	$19,802	$200,987
TIMOTHY BROWN	TREASURER, VP, STRATEGY & FIN	40.0	Officer	$186,700	$14,246	$200,946
JAY COHEN	VP, ARCHITECTURE, INTEGRATIONS	40.0	Key Emp	$172,967	$19,241	$192,208
BRIAN GNATT	AVP ENGAGEMENT PLATFORMS	40.0	Highest	$169,134	$22,988	$192,122
BRENT INSCOE	AVP, STRATEGIC COMMUNICATIONS	40.0	Highest	$174,844	$14,361	$189,205
PREMKUMAR MANI	SOFTWARE ARCHITECT	40.0	Highest	$168,563	$20,632	$189,195
ROCCO GIANNINI	DIRECTOR, SERVER ENGINEERING	40.0	Highest	$175,007	$12,550	$187,557
WILLIAM ROBERTS	BOARD MEMBER	5.0	Director	$100,250	$0	$100,250
LAWRENCE E LEAK	BOARD MEMBER	5.0	Director	$85,578	$0	$85,578
LYDIA WATERS THOMAS	BOARD MEMBER	5.0	Director	$80,000	$0	$80,000
CASSIE STROM	BOARD MEMBER	5.0	Director	$80,000	$0	$80,000
LAWRENCE GRAHAM	BOARD MEMBER	5.0	Director	$40,000	$0	$40,000
WILLIAM ZEMP	BOARD MEMBER (THRU 04/22)	5.0		$26,446	$0	$26,446
KRISTOPHYRE MCCALL	BOARD MEMBER	5.0	Director	$0	$0	$0
JOSEPH SERGI	BOARD MEMBER	5.0	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$40,053,558	$40,082,987	$43,352,317	$-29,429
2022	$43,421,101	$39,820,634	$44,908,555	$3,600,467
2021	$47,696,802	$44,207,999	$44,098,237	$3,488,803
2020	$84,307,133	$63,681,101	$40,633,738	$20,626,032
2019	$44,785,681	$36,082,026	$30,189,096	$8,703,655
2018	$26,378,581	$22,583,553	$26,493,188	$3,795,028

UMGC Ventures Inc