NORTHRISE UNIVERSITY INITIATIVE

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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

1999

Legal Domicile

Phone

6023306274

Tax Period

2023-01-01 to 2023-12-31

NORTHRISE UNIVERSITY INITIATIVE, founded in 1999, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 34% operating deficit.

Mission

NORTHRISE UNIVERSITY INITIATIVE IS THE US MARKETING & DEVELOPMENT ARM OF NORTHRISE UNIVERSITY, LOCATED IN NDOLA, ZAMBIA.

Program Service Accomplishments

Program 1

Expenses: $3,490,130

SUPPORT FOR CAMPUS BUILDINGS AND RELATED INFRASTRUCTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,711,456

Program Service Revenue $0

Investment Income $-2,196

Other Revenue $0

TOTAL REVENUE $2,709,260

Expense Breakdown

Grants Paid $2,422,243

Salaries & Benefits $422,556

Fundraising Expenses $48,748

Program Expenses $3,490,130

Other Expenses $779,508

TOTAL EXPENSES $3,624,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,709,260	$4,319,079	-0.4%
Expenses	$3,624,307	$3,878,287	-0.1%
Net Income	$-915,047	$440,792	-3.1%

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

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

$88,971

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BALL	Executive Dir.	40.00	Director	$51,921	$0	$51,921
MOFFAT ZIMBA	MEMBER	1.00	Director	$37,050	$0	$37,050
BRANDON ARNESON	Treasurer	1.00	Officer Director	$0	$0	$0
STEHPEN BOWIE	MEMBER	1.00	Director	$0	$0	$0
JEFF GOBLE	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
2024	No data	No data	No data	No data
2023	$2,709,260	$3,624,307	$1,528,006	$-915,047
2022	$4,319,079	$3,878,287	$2,500,941	$440,792
2021	$5,143,236	$4,094,292	$2,059,767	$1,048,944
2020	$3,249,420	$4,655,100	$1,048,642	$-1,405,680
2019	$4,024,629	$2,211,356	$2,358,699	$1,813,273
2018	$1,725,020	$1,571,639	$600,616	$153,381