University of Nevada Reno Foundation

EIN: 942781749 501(c)(3) Education

Reno, NV

Total Revenue
$52,499,229
Total Expenses
$53,110,714
Total Assets
$530,787,965
Net Assets
$519,349,408
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NV
Principal Officer
Denise Lewis
Phone
7757841587
Tax Period
2023-07-01 to 2024-06-30

University of Nevada Reno Foundation, founded in 1981, is a mid-sized nonprofit in the Education sector that reported $52.5M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Net assets of $519.3M represent 119 months of operating reserves.

Mission

To aid, support, & assist the University of Nevada, Reno to enhance the quality of education.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,840,988
Program Service Revenue $662,455
Investment Income $10,949,898
Other Revenue $45,888
TOTAL REVENUE $52,499,229

Expense Breakdown

Grants Paid $43,515,393
Salaries & Benefits $4,659,583
Fundraising Expenses $2,279,965
Program Expenses $43,515,393
Other Expenses $4,935,738
TOTAL EXPENSES $53,110,714

Year-over-Year Comparison

2023 2022 Change
Revenue $52,499,229 $151,891,141 -0.7%
Expenses $53,110,714 $43,107,087 +0.2%
Net Income $-611,485 $108,784,054 -1.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
40
Independent Members
40
Employees
N/A
Volunteers
350

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
17
$1,258,663
Total Directors
44
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Morgan Chair 5.00
Officer Director
$0 $0 $0
Frank Gallagher Chair Elect Vice Chair, Gift Accept. & Acqui. 5.00
Officer Director
$0 $0 $0
Jeff Rodefer Immediate Past Chair 5.00
Officer Director
$0 $0 $0
Julie Teel Vice Chair Special Events & Public Affairs 5.00
Officer Director
$0 $0 $0
Mark Denzler Vice Chair Investment 5.00
Officer Director
$0 $0 $0
Amie Chapman Until 122023 Vice Chair Nominating 5.00
Officer Director
$0 $0 $0
Steven Peralta Vice Chair Nominating 5.00
Officer Director
$0 $0 $0
John Desmond Vice Chair Governance 5.00
Officer Director
$0 $0 $0
Stephanie Kruse Vice Chair Development 5.00
Officer Director
$0 $0 $0
Kevinn Pinkney Vice Chair Scholarship & Grants 5.00
Officer Director
$0 $0 $0
Brian Wallace Vice Chair Audit and Finance 5.00
Officer Director
$0 $0 $0
Pat Miltenberger Edgington Member-at-Large 5.00
Officer Director
$0 $0 $0
Sara Lafrance Member-at-Large 5.00
Officer Director
$0 $0 $0
Opal Adams Trustee 2.00
Director
$0 $0 $0
Carolyn Barbash Trustee 2.00
Director
$0 $0 $0
Deena Behnke Trustee 2.00
Director
$0 $0 $0
Don Bernard II Trustee 2.00
Director
$0 $0 $0
Stuart Brady Trustee 2.00
Director
$0 $0 $0
Dean Byrne Trustee 2.00
Director
$0 $0 $0
Ken Coll Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Peter Costa Trustee 2.00
Director
$0 $0 $0
Tammy Dermody Trustee 2.00
Director
$0 $0 $0
David Fenimore Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Sarah Ferguson Trustee 2.00
Director
$0 $0 $0
Melissa Harmon Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Laura Granier Trustee (Until 12/2023) 2.00
Director
$0 $0 $0
Cheryl Hawkins Trustee 2.00
Director
$0 $0 $0
Mitch Hitchcock Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Paul Lipparelli Trustee (Until 12/2023) 2.00
Director
$0 $0 $0
Daniel Lofrese Trustee 2.00
Director
$0 $0 $0
Benson Mathews Trustee 2.00
Director
$0 $0 $0
Paul Mathews Trustee 2.00
Director
$0 $0 $0
Jarrett Rosenau Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Brigid Sullivan Pierce Trustee 2.00
Director
$0 $0 $0
Jason Sala Trustee 2.00
Director
$0 $0 $0
Marilyn Spiegel Trustee 2.00
Director
$0 $0 $0
Shenea Strader Trustee (From 1/2024) 2.00
Director
$0 $0 $0
Ed Stevenson Trustee (Until 12/2023) 2.00
Director
$0 $0 $0
Caryn Swobe Trustee 2.00
Director
$0 $0 $0
Thomas Witter Trustee 2.00
Director
$0 $0 $0
Leonard Wohletz Trustee 2.00
Director
$0 $0 $0
Eugene Wong Trustee 2.00
Director
$0 $0 $0
Vick Wowo Trustee 2.00
Director
$0 $0 $0
Janet Mello Trustee 2.00
Director
$0 $0 $0
Brian Sandoval President, UNR 2.00
Officer
$0 $158,887 $638,919
Patricia Richard Interim Executive Director 25.00
Officer
$0 $55,336 $288,206
Holly Stanco Corporate Secretary 30.00
Officer
$0 $44,107 $267,192
Denise Lewis Treasurer (From 8/2023) 30.00
Officer
$0 $22,932 $64,346
William Johnson Former Executive Director 25.00
$0 $28,644 $210,295
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 $52,499,229 $53,110,714 $530,787,965 $-611,485
2023 $151,934,512 $43,136,406 $496,343,514 $108,798,106
2023 $151,891,141 $43,107,087 $496,107,779 $108,784,054
2022 $59,644,067 $32,271,203 $387,075,981 $27,372,864
2021 $75,417,078 $49,386,658 $380,939,240 $26,030,420
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