AI Transparency Report
The University Of The Andes Foundation Inc. exhibits inconsistent financial performance over the past several years, with significant fluctuations in revenue and expenses. For example, revenue dropped from $8,864,704 in 2017 to $233,261 in 2019, then rebounded to $2,158,813 in 2021 before declining again. The organization frequently reports expenses exceeding revenue, as seen in 2023 ($1,567,528 expenses vs. $1,524,794 revenue) and 2022 ($1,135,970 expenses vs. $570,412 revenue), indicating a reliance on prior year assets or other funding sources. While assets have generally remained robust, peaking at $12,864,855 in 2018, the consistent deficit spending raises questions about long-term financial sustainability if revenue trends do not stabilize.
The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor trust. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The NTEE code T12 (International, Foreign Affairs & National Security) suggests a focus on international educational support, which typically involves direct program grants or scholarships.
Despite the revenue volatility, the foundation maintains substantial assets, with $8,993,856 in 2023, providing a buffer against operational deficits. The liabilities have also shown fluctuations, reaching a high of $3,822,965 in 2021, which warrants attention. Overall, while the lack of officer compensation is a strong point for transparency, the erratic revenue and expense patterns, coupled with consistent deficit spending in recent years, suggest a need for more stable financial planning and clearer reporting on functional expenses to fully evaluate efficiency.