ULLICO FOUNDATION (EIN 861417548) - 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

2020

Legal Domicile

Principal Officer

PATRICK McGLONE

Phone

2023548062

Tax Period

2024-01-01 to 2024-12-31

ULLICO FOUNDATION, founded in 2020, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 268% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 86% operating margin.

Mission

100 of the Foundations total time will be to provide undergraduate and graduate scholarships to students from underrepresented, economically disadvantaged or minority communities

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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 $1,183,507

Program Service Revenue $0

Investment Income $31,342

Other Revenue $0

TOTAL REVENUE $1,214,849

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,100

Other Expenses $118,763

TOTAL EXPENSES $168,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,214,849	$330,437	+2.7%
Expenses	$168,763	$156,285	+0.1%
Net Income	$1,046,086	$174,152	+5.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Hale	Director	002.00	Officer Director	$0	$0	$0
DARIN HARDY	Treasurer	N/A	Officer Director	$0	$0	$0
Christine Fletcher	Director	N/A	Director	$0	$0	$0
Joseph Linehan	Director	N/A	Director	$0	$0	$0
Stephanie Whalen	Director	N/A	Director	$0	$0	$0
Patrice Arrington	Director	N/A	Director	$0	$0	$0
Damon Gasque	Director	N/A	Director	$0	$0	$0
Nora E Garrote	Director	N/A	Director	$0	$0	$0
Patrick McGlone	President	002.00	Officer	$0	$0	$0
Marie-Marcelle Tagliaferri	Secretary	002.00	Officer	$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
2024	$1,214,849	$168,763	$1,672,841	$1,046,086
2023	$330,437	$156,285	$626,755	$174,152
2023	$233,609	$56,785	$614,427	$176,824
2022	$37,800	$36,197	$452,603	$1,603
2022	$37,800	$41,709	$452,603	$-3,909
2021	$451,000	No data	$451,000	No data

ULLICO FOUNDATION