UTAH VALLEY UNIVERSITY FOUNDATION … - 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

1982

Legal Domicile

Principal Officer

Kyle Reyes

Tax Period

2022-07-01 to 2023-06-30

UTAH VALLEY UNIVERSITY FOUNDATION INC, founded in 1982, is a mid-sized nonprofit in the Education sector that reported $39.7M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $31.5M, a strong 79% operating margin.

Mission

To assist Utah Valley University (UVU) in fulfilling its objectives: to aid and advance the services of UVU, to raise funds for student scholarships, and to raise funds for University program development.

Program Service Accomplishments

Program 1

Expenses: $4,425,729

University institutional and educational program enhancement. See also Schedule I, Part II.

Program 2

Expenses: $2,558,039

Funds provided to University that were used to award 1,418 scholarships to 1,309 students; these scholarships paid for approximately 18,326 University credit hours. See also Schedule I, Part II.

Program 3

Expenses: $55,113

Annuity payments

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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 $29,996,458

Program Service Revenue $0

Investment Income $9,600,851

Other Revenue $115,181

TOTAL REVENUE $39,712,490

Expense Breakdown

Grants Paid $6,983,768

Salaries & Benefits $0

Fundraising Expenses $260,128

Program Expenses $7,038,881

Other Expenses $1,204,563

TOTAL EXPENSES $8,188,331

Year-over-Year Comparison

	2022	2021	Change
Revenue	$39,712,490	$32,933,726	+0.2%
Expenses	$8,188,331	$10,988,640	-0.3%
Net Income	$31,524,159	$21,945,086	+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

N/A

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

$1,215,956

Total Directors

$1,133,224

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Astrid Tuminez	University President	4.00	Officer Director	$0	$92,727	$632,583
Mark Arstein	CEO until Sep 2022	40.00	Officer Director	$0	$57,801	$252,974
Kyle Reyes	CEO starting Oct 2022	40.00	Officer Director	$0	$56,958	$247,667
Dounia Sadeghi	AVP-Major Gifts until Sep 20	40.00	Highest	$0	$22,001	$171,414
Candice Gardner	AVP-Major Gifts starting Oct	40.00	Highest	$0	$55,800	$162,971
Christine Denniston	AVP-Strategic Engagement	40.00	Highest	$0	$20,557	$160,185
Daniel Dimond	Sr Director - Development	40.00	Highest	$0	$45,100	$148,249
Bart Jacobs	Sr Director - Data & Analysi	40.00	Highest	$0	$15,424	$120,862
Elizabeth Sowards	Director-Foundation Accountin	0.00	Officer	$0	$28,587	$82,732
Ryan Napierski	Board Chair	4.00	Officer Director	$0	$0	$0
Kris McFarland	Brd 1st Vice-Chair until Nov	2.00	Officer Director	$0	$0	$0
Frantz Belot	Brd 1st Vice-Chair start May	2.00	Officer Director	$0	$0	$0
Duane Madsen	Brd 2nd Vice-Chair until May	2.00	Officer Director	$0	$0	$0
Lexi Soto	Student Body Pres until Apr	1.00	Director	$0	$0	$0
Zac Whitlock	Student Body Pres start May	1.00	Director	$0	$0	$0
Josh Woodbury	Board member	1.00	Director	$0	$0	$0
Heidi Thorn	Board member	1.00	Director	$0	$0	$0
Kara North	Alumni President	1.00	Director	$0	$0	$0
Taylor Woodbury	Board member	1.00	Director	$0	$0	$0
Amy Sunderland	Board member	1.00	Director	$0	$0	$0
Mary Crafts	Board member	1.00	Director	$0	$0	$0
Rob Gardner	Board member	1.00	Director	$0	$0	$0
Teresa Harding	Board member	1.00	Director	$0	$0	$0
Ed Bailey	Board member	1.00	Director	$0	$0	$0
Lance Black	Board member	1.00	Director	$0	$0	$0
Curtis Blair	Board member	1.00	Director	$0	$0	$0
Brian Murphy	Board member	1.00	Director	$0	$0	$0
Paul Rogers	Board member	1.00	Director	$0	$0	$0
Nathan Savage	Board member	1.00	Director	$0	$0	$0
Heather Kahlert	Board member	1.00	Director	$0	$0	$0
Trina Lampert	Board member	1.00	Director	$0	$0	$0
Heidi Miller	Board member	1.00	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	$39,712,490	$8,188,331	$189,965,669	$31,524,159
2022	$32,933,726	$10,988,640	$157,730,268	$21,945,086
2021	$26,803,994	$19,529,119	$142,004,586	$7,274,875

UTAH VALLEY UNIVERSITY FOUNDATION INC