NORTHERN ARIZONA UNIVERSITY FOUNDATION (EIN 860193726) - 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

1959

Legal Domicile

Principal Officer

NICHOLAS LOBEJKO

Phone

9285232012

Tax Period

2024-07-01 to 2025-06-30

NORTHERN ARIZONA UNIVERSITY FOUNDATION, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $89.0M in total revenue in fiscal year 2024. Revenue surged 227% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57.0M, a strong 64% operating margin.

Mission

PROMOTE THE UNIVERSITY'S MISSION, ENHANCE ITS RECOGNITION AND FOSTER INVESTMENT BY ENGAGING IN MEANINGFUL RELATIONSHIPS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,605,130

Program Service Revenue $152,810

Investment Income $61,115,745

Other Revenue $1,084,181

TOTAL REVENUE $88,957,866

Expense Breakdown

Grants Paid $19,740,674

Salaries & Benefits $3,789,303

Fundraising Expenses $7,935,707

Program Expenses $20,381,553

Other Expenses $8,360,920

TOTAL EXPENSES $31,934,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,957,866	$27,171,193	+2.3%
Expenses	$31,934,897	$28,573,572	+0.1%
Net Income	$57,022,969	$-1,402,379	-41.7%

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

900

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

$627,844

Total Directors

Key Employees

$724,494

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS LOBEJKO	CEO	40.00	Officer	$295,937	$57,595	$353,532
JENNIFER STEVENSON	CFO (THRU 01/25)	40.00	Officer	$226,893	$47,419	$274,312
AMY LYNN PHILLIPS	AVP	40.00	Key Emp	$194,982	$59,675	$254,657
ELIZABETH ROCK	AVP	40.00	Key Emp	$193,451	$48,243	$241,694
NICHOLAS DOLCE	AVP	40.00	Key Emp	$188,288	$39,855	$228,143
PETER ZEMAN	DIRECTOR, IT	40.00	Highest	$171,710	$37,523	$209,233
PAMELA RAMOS	DIRECTOR, UNIVERSITY DEVELOPMENT	40.00	Highest	$147,965	$40,326	$188,291
KAREN STALEY	DIRECTOR, UNIVERSITY DEVELOPMENT	40.00	Highest	$127,911	$36,745	$164,656
SHANNAN RICE	AVP, PLANNED GIVING	40.00	Highest	$123,135	$36,884	$160,019
LEAH BLOOM	DIRECTOR, UNIVERSITY DEVELOPMENT	40.00	Highest	$130,494	$15,828	$146,322
JOSEPH WAGNER	CFO (AS OF 06/25)	40.00	Officer	$0	$0	$0
VICTORIA FIMEA	CHAIR	6.00	Officer Director	$0	$0	$0
LISA BAGWELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBIN BRAUN	TREASURER	3.00	Officer Director	$0	$0	$0
AMY PENA	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVE FRANKE	PAST CHAIR	0.50	Officer Director	$0	$0	$0
GEORGE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
BOB BEMENT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BRAUDY	DIRECTOR	1.50	Director	$0	$0	$0
DON BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
BOOKER EVANS	DIRECTOR	3.00	Director	$0	$0	$0
BILL HEIBEL	DIRECTOR	1.00	Director	$0	$0	$0
TIM KINNEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
RICK RODRIQUEZ	DIRECTOR	3.00	Director	$0	$0	$0
KATRINA ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
TONY TEWELIS	DIRECTOR	1.00	Director	$0	$0	$0
TERESA BARTELS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BAKER	DIRECTOR	1.50	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	$88,957,866	$31,934,897	$400,791,572	$57,022,969
2024	$27,171,193	$28,573,572	$310,465,288	$-1,402,379
2023	$31,285,827	$21,102,028	$285,389,624	$10,183,799
2022	$37,761,443	$16,901,278	$256,288,832	$20,860,165
2021	$24,138,831	$24,548,876	$294,733,489	$-410,045
2020	$27,725,892	$16,532,192	$237,963,375	$11,193,700
2019	$21,203,685	$15,060,627	$224,268,850	$6,143,058
2018	$19,100,032	$14,218,514	$216,346,205	$4,881,518

NORTHERN ARIZONA UNIVERSITY FOUNDATION