Gonzaga University Telecommunicati… - 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

1987

Legal Domicile

Principal Officer

Borre Ulrichsen

Phone

5093136455

Tax Period

2024-06-01 to 2025-05-31

Gonzaga University Telecommunications Association, founded in 1987, is a micro nonprofit in the Education sector that reported $88K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $200K exceeded revenue, resulting in a 127% operating deficit.

Mission

Gonzaga University Telecommunications Association manages the various licenses granted by the FCC. In addition, ITS educational television broadcasts at least 20 hours per week of University credit courses and the FM station serves as a lab for students enrolled in radio and television.

Program Service Accomplishments

Program 1

Expenses: $200,168 Revenue: $88,421

ITS educational television broadcasts at least 20 hours per week of University credit courses and the FM station serves as a lab for students enrolled in radio and television.

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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 $0

Program Service Revenue $88,421

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,168

Other Expenses $200,407

TOTAL EXPENSES $200,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,421	$81,053	+0.1%
Expenses	$200,407	$171,217	+0.2%
Net Income	$-111,986	$-90,164	+0.2%

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

$523,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Borre Ulrichsen	President	002.00	Director	$0	$52,736	$317,077
Joshua Boche	Director	002.00	Director	$0	$25,084	$116,046
John Collett	Secretary	000.50	Director	$0	$26,821	$90,479

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	$88,421	$200,407	$329,148	$-111,986
2024	$81,053	$171,217	$441,134	$-90,164
2023	$105,049	$43,801	$531,298	$61,248

Gonzaga University Telecommunications Association