THE UNIVERSITY OF ARIZONA GLOBAL C… - 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

2020

Legal Domicile

Principal Officer

PAUL PASTOREK

Phone

8007980584

Tax Period

2022-07-01 to 2023-06-30

THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS, founded in 2020, is a major nonprofit in the Education sector that reported $399.4M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE A COMMUNITY OF CARING AND GUIDANCE FOR ACADEMIC, FINANCIAL, MENTAL HEALTH, AND CAREER SUPPORT WHILE PROVIDING A PATH THAT MAKES QUALITY COLLEGE EDUCATION ACCESSIBLE TO ADULT LEARNERS THROUGH ONLINE, FLEXIBLE DEGREE AND CERTIFICATE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $349,119,130 Revenue: $398,769,075

INSTRUCTIONAL PROGRAM SERVICES - INSTRUCTIONAL PROGRAM SERVICES INCLUDE ALL ACTIVITIES DIRECTLY TIED TO THE EDUCATION SERVICES PROVIDED BY THE UNIVERSITY. THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS...

INSTRUCTIONAL PROGRAM SERVICES - INSTRUCTIONAL PROGRAM SERVICES INCLUDE ALL ACTIVITIES DIRECTLY TIED TO THE EDUCATION SERVICES PROVIDED BY THE UNIVERSITY. THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS OWNED AND OPERATED A FULLY-ONLINE ACCREDITED UNIVERSITY (THE UNIVERSITY) UNTIL JUNE 30, 2023. ON THAT DATE, THE ORGANIZATION TRANSFERRED ALL OF ITS ASSETS AND OPERATIONS TO THE UNIVERSITY OF ARIZONA. DURING FY23, THE UNIVERSITY HAD STUDENTS ENROLLED IN UNDERGRADUATE, GRADUATE AND DOCTORAL LEVEL PROGRAMS. THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS PROVIDED GRANTS, AND OTHER FINANCIAL ASSISTANCE TO ELIGIBLE STUDENTS. DURING FY23, THE UNIVERSITY AWARDED MORE THAN $152M TO OVER 50,000 STUDENTS.

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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 $0

Program Service Revenue $398,769,075

Investment Income $657,537

Other Revenue $0

TOTAL REVENUE $399,426,612

Expense Breakdown

Grants Paid $152,359,979

Salaries & Benefits $132,508,384

Fundraising Expenses $0

Program Expenses $349,119,130

Other Expenses $133,850,414

TOTAL EXPENSES $418,718,777

Year-over-Year Comparison

	2022	2021	Change
Revenue	$399,426,612	$459,993,879	-0.1%
Expenses	$418,718,777	$465,137,878	-0.1%
Net Income	$-19,292,165	$-5,143,999	+2.8%

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

N/A

Employees

3346

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

$1,877,274

Total Directors

$1,521,604

Key Employees

$1,400,457

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIVINE MEGAHED	CHAIR, TRUSTEE (THRU 6/29/23)	1.00	Officer Director	$0	$0	$0
LEHMAN BENSON	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
GAIL BURD	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
MARC L MILLER	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
GARY PACKARD	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
KERRI BRIGGS	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
SEAN O'KEEFE	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
TY SMITH	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
OMAR VASQUEZ	TRUSTEE (THRU 6/29/23)	1.00	Director	$0	$0	$0
JON DUDAS	CHAIR, TRUSTEE (BEG 6/30/23)	1.00	Officer Director	$0	$45,529	$482,331
LAURA TODD JOHNSON	SECRETARY, TRUSTEE (BEG 6/30/23)	1.00	Director	$0	$61,624	$498,788
LISA RULNEY	TREASURER, TRUSTEE (BEG 6/30/23)	1.00	Officer Director	$0	$59,923	$540,485
PAUL PASTOREK	PRESIDENT & CEO	40.00	Officer	$592,330	$8,700	$601,030
LISA KEMP	SVP, CFO	40.00	Officer	$246,968	$6,460	$253,428
SARAH STEINBERG	PROVOST (THRU 6/2023)	40.00	Key Emp	$309,596	$0	$309,596
KATIE SCHEIE	COO	40.00	Key Emp	$273,338	$28,060	$301,398
IRIS LAFFERTY	SR VICE PROVOST (THRU 2/2023)	40.00	Key Emp	$227,709	$38,685	$266,394
TOMMY SCREEN	SVP, CHIEF LEGAL OFFICER	40.00	Key Emp	$236,165	$42,288	$278,453
NICOLE KOJI	VP, CONTROLLER	40.00	Key Emp	$221,251	$23,365	$244,616
MONIQUE COOK	VP, HR (TERM 4/2023)	40.00	Highest	$231,039	$35,295	$266,334
THOMAS BOURGEOIS	CIO	40.00	Highest	$210,151	$32,762	$242,913
ALINA TRAISTARU	VP, FINANCE (THRU 9/2023)	40.00	Highest	$204,774	$26,594	$231,368
COURTNEY FARRELL	DEAN, ARTS & SCIENCE	40.00	Highest	$185,011	$7,410	$192,421
STEPHEN NETTLES	VP, INSTITUTIONAL EFFECTIV	40.00	Highest	$182,911	$31,789	$214,700
JAMES SMITH	CFO (THRU 2/2022)	40.00		$155,987	$5,500	$161,487

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
2023	$399,426,612	$418,718,777	No data	$-19,292,165
2022	$459,993,879	$465,137,878	$112,552,008	$-5,143,999
2021	$300,702,806	$311,979,637	$127,007,579	$-11,276,831

THE UNIVERSITY OF ARIZONA GLOBAL CAMPUS