University of Nevada Reno Foundati… - 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

1981

Legal Domicile

Principal Officer

Holly Luna

Phone

7757841587

Tax Period

2024-07-01 to 2025-06-30

University of Nevada Reno Foundation, founded in 1981, is a major nonprofit in the Education sector that reported $101.8M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38.3M, a strong 38% operating margin.

Mission

Facilitate gifts & grants for the benefit of the University of Nevada, Reno to enhance the quality of education through charitable giving.

Program Service Accomplishments

Program 1

Expenses: $25,368,439 Revenue: $478,484

University Programs: The University of Nevada Reno Foundation receives, manages & disburses funds in accordance with the designated restricted purpose for which the gifts were donated. Provides...

University Programs: The University of Nevada Reno Foundation receives, manages & disburses funds in accordance with the designated restricted purpose for which the gifts were donated. Provides programmatic funding supporting students, faculty, research & the community in the area funds were raised for. There were 1,256 endowed funds in FY25.

Program 2

Expenses: $17,881,971

Capital Projects: Assist in funding construction projects on campus. Some of the major projects include the College of Business building, Eric & Linda Lannes Basketball facility, Gateway Academic...

Capital Projects: Assist in funding construction projects on campus. Some of the major projects include the College of Business building, Eric & Linda Lannes Basketball facility, Gateway Academic Building, Pennington Health Sciences Building, and the University of Arts Building.

Program 3

Expenses: $8,803,349

University Scholarships: Scholarship funding was used for both need and merit based scholarships. More than 3,781 donor-funded scholarships were awarded in FY25.

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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 $79,679,973

Program Service Revenue $478,484

Investment Income $21,555,518

Other Revenue $41,335

TOTAL REVENUE $101,755,310

Expense Breakdown

Grants Paid $52,453,954

Salaries & Benefits $4,392,571

Fundraising Expenses $2,214,763

Program Expenses $52,453,954

Other Expenses $6,585,383

TOTAL EXPENSES $63,431,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,755,310	$52,499,229	+0.9%
Expenses	$63,431,908	$53,110,714	+0.2%
Net Income	$38,323,402	$-611,485	-63.7%

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

N/A

Volunteers

370

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

$1,539,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Gallagher	Chair	5.00	Officer Director	$0	$0	$0
Ann Morgan	Chair (Until 12/2024)	5.00	Officer Director	$0	$0	$0
Ken Coll Chair Elect	Vice Chair, Gift Accept. & Acqui.	5.00	Officer Director	$0	$0	$0
Julie Teel Vice Chair	Special Events & Public Affairs	5.00	Officer Director	$0	$0	$0
Leonard Wohletz	Vice Chair Investment-Interim	5.00	Officer Director	$0	$0	$0
Mark Denzler Vice Chair	Investment (Until 12/2024)	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
Deena Behnke	Vice Chair Development	5.00	Officer Director	$0	$0	$0
Stephanie Kruse Vice Chair	Development (Until 12/2024)	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
Peter Costa	Member-at-Large	5.00	Officer Director	$0	$0	$0
Sara Lafrance	Member-at-Large	5.00	Officer Director	$0	$0	$0
Pat Miltenberger Edgington	Member-at-Large	5.00	Officer Director	$0	$0	$0
Opal Adams	Trustee (Until 12/2024)	2.00	Director	$0	$0	$0
Carolyn Barbash	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
Tammy Dermody	Trustee (Until 12/2024)	2.00	Director	$0	$0	$0
David Fenimore	Trustee	2.00	Director	$0	$0	$0
Sarah Ferguson	Trustee	2.00	Director	$0	$0	$0
Melissa Harmon	Trustee	2.00	Director	$0	$0	$0
Cheryl Hawkins	Trustee	2.00	Director	$0	$0	$0
Mitch Hitchcock	Trustee	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	2.00	Director	$0	$0	$0
Jeff Rodefer	Trustee (Until 12/2024)	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 (Until 12/2024)	2.00	Director	$0	$0	$0
Shenea Strader	Trustee	2.00	Director	$0	$0	$0
Caryn Swobe	Trustee	2.00	Director	$0	$0	$0
Thomas Witter	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 (Until 12/2024)	2.00	Director	$0	$0	$0
Andrew Diss	Trustee (From 1/2025)	2.00	Director	$0	$0	$0
Brian Sharpes	Trustee (From 1/2025)	2.00	Director	$0	$0	$0
Kelly LeGrow	Trustee (From 1/2025)	2.00	Director	$0	$0	$0
Pamela Joyner	Trustee (From 1/2025)	2.00	Director	$0	$0	$0
Ryan Bellows	Trustee (From 1/2025)	2.00	Director	$0	$0	$0
Patricia Richard Interim	Executive Director (Until 3/2025)	25.00	Officer	$0	$67,407	$354,528
Holly Stanco	Corporate Secretary (Until 9/2024)	30.00	Officer	$0	$50,386	$294,223
Denise Lewis	Treasurer	30.00	Officer	$0	$79,596	$236,068
Brian Sandoval	President, UNR	2.00	Officer	$0	$139,459	$654,370
Tracy Ostrem	Executive Director (From 4/2025)	25.00	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
2025	$101,755,310	$63,431,908	$597,911,342	$38,323,402
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

University of Nevada Reno Foundation