Civic Intelligence

University of Toledo Alumni Association

EIN 34-6556011 • 501(c)3 • Toledo, OH

Profile

Supporting the university of toledo by fostering a spirit of loyalty among its alumni.

4510 Dorr StreetToledo, OH 43615

www.toledoalumni.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.19x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.45x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

92nd percentile

$239,626

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 51.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$966,788

Down $927,720 (-49%) from 2023

Liabilities

Up

$111,852

Up $966 (+0.9%) from 2023

Net Assets

Down

$854,936

Down $928,686 (-52%) from 2023

Revenue

Down

$415,851

Down $63,900 (-13%) from 2023

Expenses

Up

$1,476,363

Up $888,154 (+151%) from 2023

Net Income

Down

-$1,060,512

Down $952,054 (-878%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2012: $1,304,155Liabilities 2012: $943,611Net Assets 2012: $360,5442012Assets 2013: $1,384,113Liabilities 2013: $851,741Net Assets 2013: $532,3722013Assets 2014: $1,615,914Liabilities 2014: $895,670Net Assets 2014: $720,2442014Assets 2015: $1,565,502Liabilities 2015: $845,360Net Assets 2015: $720,1422015Assets 2016: $1,378,606Liabilities 2016: $853,367Net Assets 2016: $525,2392016Assets 2017: $1,484,588Liabilities 2017: $869,249Net Assets 2017: $615,3392017Assets 2018: $1,545,494Liabilities 2018: $972,277Net Assets 2018: $573,2172018Assets 2019: $1,512,766Liabilities 2019: $984,957Net Assets 2019: $527,8092019Assets 2020: $1,467,232Liabilities 2020: $946,162Net Assets 2020: $521,0702020Assets 2021: $2,173,720Liabilities 2021: $44,812Net Assets 2021: $2,128,9082021Assets 2022: $1,898,769Liabilities 2022: $59,403Net Assets 2022: $1,839,3662022Assets 2023: $1,894,508Liabilities 2023: $110,886Net Assets 2023: $1,783,6222023Assets 2024: $966,788Liabilities 2024: $111,852Net Assets 2024: $854,9362024

Highlighted filing

2024

Assets$966,788
Liabilities$111,852
Net Assets$854,936

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2012: $527,7572012Expenses 2013: $443,7492013Revenue 2014: $511,910Expenses 2014: $418,880Net Income 2014: $93,0302014Revenue 2015: $461,764Expenses 2015: $383,763Net Income 2015: $78,0012015Revenue 2016: $383,006Expenses 2016: $488,803Net Income 2016: -$105,7972016Revenue 2017: $559,425Expenses 2017: $548,775Net Income 2017: $10,6502017Revenue 2018: $646,773Expenses 2018: $624,333Net Income 2018: $22,4402018Revenue 2019: $499,655Expenses 2019: $530,867Net Income 2019: -$31,2122019Revenue 2020: $517,659Expenses 2020: $420,885Net Income 2020: $96,7742020Revenue 2021: $694,914Expenses 2021: $232,093Net Income 2021: $462,8212021Revenue 2022: $410,253Expenses 2022: $526,384Net Income 2022: -$116,1312022Revenue 2023: $479,751Expenses 2023: $588,209Net Income 2023: -$108,4582023Revenue 2024: $415,851Expenses 2024: $1,476,363Net Income 2024: -$1,060,5122024

Highlighted filing

2024

Revenue$415,851
Expenses$1,476,363
Net Income-$1,060,512

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,469,371
Mission and Program Overview

Mission

Supporting the university of toledo by fostering a spirit of loyalty among its alumni.

To engage and connect alumni, students and friends with the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,025,240$776,177▼ $249,063
Investments Other Securities$519,742--
Cash and Non-Interest-Bearing Accounts$154,891$126,455▼ $28,436
Prepaid Expenses and Deferred Charges$44,923$38,475▼ $6,448
Land, Buildings, and Equipment, Net$30,694--
Accounts Receivable$12,148$2,700▼ $9,448
Savings and Temporary Cash Investments$75,489$2,021▼ $73,468
Total Assets$1,894,508$966,788▼ $927,720
Other Assets Total$31,381$20,960▼ $10,421
Liabilities
Deferred Revenue$54,451$68,987▲ $14,536
Accounts Payable and Accrued Expenses$31,860$26,377▼ $5,483
Other Liabilities$24,575$16,488▼ $8,087
Total Liabilities$110,886$111,852▲ $966
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,783,622$854,936▼ $928,686
Total Net Assets Fund Balance$1,783,622$854,936▼ $928,686
Total Liabilities and Net Assets / Fund Balance$1,894,508$966,788▼ $927,720
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William PierceExecutive DirectorPT$181,747$55,794$237,541
Revenue and Support

Revenue Composition

Contributions and Grants
$188,962
Program Service Revenue
$134,274
Investment Income
$61,496
Other Revenue
$31,119
All Other Contributions
$50,747
Change in Net Assets
$-1,060,512

Audited Revenue Reconciliation

Revenue per Audited Statements
$390,310
Revenue Not Reported on Financial Statements
$25,541
Revenue Not Reported on Form 990
$1,303,901
Total Revenue per Audited Statements
$1,694,211
Total Revenue per Form 990
$415,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,040,739
Other Expenses$435,624
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,040,739--$1,040,739
Office Expenses$52,435--$52,435
Other Expenses$48,674--$48,674
All Other Expenses$29,731--$29,731
Fees for Service Investment Mgmnt Fees-$25,541-$25,541
Travel$19,219--$19,219
Fees for Services Accounting-$19,015-$19,015
Advertising$13,416--$13,416
Conferences and Meetings$5,542--$5,542
Information Technology$2,400--$2,400
Total Functional Expenses$1,431,807$44,556$0$1,476,363

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,622,897
Total Expenses per Form 990$1,476,363
Expenses per Audited Statements$1,450,822
Expenses Not Reported on Form 990$1,172,075
Expenses Not Reported on Financial Statements$25,541
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Toledo Foundation Driscoll CenterToledo, OH501(c)3To Fund for Scholarships and a Contribution to the Alumni Engagement Endowment Fund$1,040,739
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,318
Fundraising Gross Income$18,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Art on the Mall$27,200$18,050$13,861$4,189
Total Events$27,200$18,050$23,318$-5,268
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Right-of-use Liability$16,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The executive committee includes the board president, first vice president, second vice president, secretary, treasurer and immediate past president, all of whom are members of the governing body. During intervals between meetings of the board of trustees the executive committee shall have the authority to transact the general business of the association subject to review by the board of trustees. The executive committee meets prior to every meeting of the board of trustees.

Form 990, Part VI, Section A, Line 6

The university of toledo alumni association is a dues-paying organization open to all graduates of the university of toledo, the medical college of ohio, the medical college of ohio at toledo and the medical university of ohio. Anyone who has matriculated through a consortium program at any of these organizations shall be eligible to be active members. Individuals completing 24 semester hours or 36 quarter hours, and current ut faculty staff may join as associate members. Honorary membership in the association may be nominated by any member of the board of trustees and approved by a two-thirds vote of the whole board of trustees. Active members in good standing shall be entitled to one vote on each matter submitted to the full membership. Associate and honorary members do not have voting rights.

Form 990, Part VI, Section A, Line 7A

Nominations for any office, or for the board, other than those made by the nominating committee of the board, shall be made by a petition signed by at least fifty regular members in good standing and filed with the secretary not less than thirty (30) days prior to the annual meeting. Additionally, the bylaws provide that affiliate groups of the association are empowered, on a rotating basis, to appoint affiliate representatives to the governing body.

Form 990, Part VI, Section A, Line 7B

Special meetings of the membership of the association may be called to consider any special items requiring a vote including amendments to this constitution by a resolution adopted by the board of trustees or by a petition signed by fifty members in good standing.

Form 990, Part VI, Section B, Line 11B

The draft form 990 is presented to the association's finance committee, executive committee and the governing board for review and approval before the form 990 is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Board members are required to complete a conflict of interest form annually during their term of service. Any conflicts will be brought up to the executive committee and resolved by the executive committee. If a conflict is determined to exist for an individual, then that individual will not be allowed to vote or have input on the topic of the conflict. All matters, including conflicts, would be documented in the official minutes of the board and executive committee meetings. Any board member abstaining would be documented.

Form 990, Part VI, Section B, Line 15

Management is provided by the employees of the university of toledo and the university of toledo foundation. Compensation for those individuals is subject to the review and approval process of those institutions.

Form 990, Part VI, Section C, Line 19

Governing documents are available upon request at 4510 dorr street, toledo, ohio from 9:00 am - 5:00 pm monday through friday.

Filing and Contact Details

Filer

Filer Name
University of Toledo Alumni Association
EIN
34-6556011
Phone
4195302586
Address
4510 DORR STREET, TOLEDO, OH 43615

Signing Officer

Name
Robert Bradley
Title
Treasurer
Phone
4195302586
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Bradley
Formed
2003
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
175

Preparer

Firm
Cliftonlarsonallen Llp
Address
2001 16TH STREET SUITE 1700, DENVER, CO 80202
Preparer
Becky Dettmann CPA
Phone
3037795710
Supplemental Narrative

Additional Explanations

FORM 990, PART XIII, LINE 2C:

No changes to the audit oversight process or the selection of the independent accountant from prior year.

Financial Statement Notes

PART X, LINE 2:

The association is incorporated under the laws of the state of ohio as a nonprofit corporation and exempt from state and local income taxes. The internal revenue service has determined that the association is a tax-exempt organization as defined under section 501(c)(3) of the internal revenue code. Management has concluded there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 23,318.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses 23,318.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECOND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27TRUSTEE
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