ASSOCIATED UNIVERSITIES INC (EIN 111630900) - Form 990 Financial Analysis & Trantor Score

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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

1946

Legal Domicile

Principal Officer

ADAM COHEN

Phone

2024621676

Tax Period

2023-10-01 to 2024-09-30

ASSOCIATED UNIVERSITIES INC, founded in 1946, is a major nonprofit in the Science & Technology sector that reported $143.5M in total revenue in fiscal year 2023.

Mission

COLLABORATES WITH SCIENTIFIC COMMUNITY & RESEARCH SPONSORS TO PLAN, BUILD, & OPERATE CUTTING EDGE FACILITIES.

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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 $137,417,420

Program Service Revenue $4,889,827

Investment Income $813,403

Other Revenue $396,754

TOTAL REVENUE $143,517,404

Expense Breakdown

Grants Paid $2,636,704

Salaries & Benefits $93,623,493

Fundraising Expenses $0

Program Expenses $119,325,765

Other Expenses $47,060,233

TOTAL EXPENSES $143,320,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,517,404	$134,210,408	+0.1%
Expenses	$143,320,430	$136,123,123	+0.1%
Net Income	$196,974	$-1,912,715	-1.1%

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

700

Volunteers

112

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

$1,015,964

Total Directors

$591,952

Key Employees

$1,303,868

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM COHEN	PRESIDENT/CEO/TRUSTEE	40.00	Officer Director	$526,643	$65,309	$591,952
RACHEL AKESON	TRUSTEE	2.00	Director	$0	$0	$0
DEAN W CURRIE	TRUSTEE	3.00	Director	$0	$0	$0
PATRICIA MORALES ERRAZURIZ	TRUSTEE	0.00	Director	$0	$0	$0
KATHRYN FLANAGAN	TRUSTEE	3.00	Director	$0	$0	$0
KELLY FOX	TRUSTEE	2.00	Director	$0	$0	$0
GABRIELA GONZALEZ	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM C HARRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID HELFAND	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY JG HEY	TRUSTEE	2.00	Director	$0	$0	$0
FRANK KLOTZ	TRUSTEE	3.00	Director	$0	$0	$0
MARK KONTOS	TRUSTEE	3.00	Director	$0	$0	$0
JAY MARX	TRUSTEE	1.00	Director	$0	$0	$0
DERRICK H PITTS	TRUSTEE	2.00	Director	$0	$0	$0
MEG URRY	TRUSTEE (THRU 10/23)	2.00	Director	$0	$0	$0
ERIC M WILCOTS	TRUSTEE	4.00	Director	$0	$0	$0
CHRISTINE D WILSON	CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL WISE	TRUSTEE	1.00	Director	$0	$0	$0
MARK MACKEY	ASSISTANT DIRECTOR/CFO	40.00	Officer	$238,443	$30,456	$268,899
WESLEY HILLIS	CORP SECRETARY/ASSISTANT TREASURER	40.00	Officer	$134,196	$20,917	$155,113
PATRICIA HENNING	ASSOCIATE DIRECTOR	40.00	Key Emp	$224,181	$32,706	$256,887
PHILLIP JEWELL	DEPUTY DIRECTOR	40.00	Key Emp	$240,466	$46,834	$287,300
ANTHONY BEASLEY	DIRECTOR	40.00	Key Emp	$446,572	$66,589	$513,161
SEAN DOUGHERTY	ALMA DIRECTOR	40.00	Key Emp	$206,162	$40,358	$246,520
KEVIN DORAN	DIRECTOR EDU POL & SOCIAL SCI.	40.00	Highest	$232,000	$33,880	$265,880
ROBERT LEHMENSIEK	SCIENTIST/RE	40.00	Highest	$211,064	$31,905	$242,969
LAURA LOCKLEDGE	ASSISTANT DIRECTOR	40.00	Highest	$207,206	$39,007	$246,213
JOHN CARPENTER	OBSERVATORY SCIENTIST - ALMA	40.00	Highest	$208,765	$27,909	$236,674
BERT HAWKINS	ASSISTANT DIRECTOR	40.00	Highest	$211,581	$35,028	$246,609
LUTHER LAU	CHIEF FINANCIAL OFFICER (THRU 5/23)	40.00		$175,404	$25,494	$200,898

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	$143,517,404	$143,320,430	$71,263,825	$196,974
2023	$134,210,408	$136,123,123	$67,500,246	$-1,912,715
2022	$122,153,645	$125,205,481	$50,906,569	$-3,051,836
2021	$114,726,812	$116,113,402	$65,127,903	$-1,386,590
2020	$106,560,962	$109,941,415	$64,205,759	$-3,380,453
2019	$109,665,661	$112,681,676	$62,623,690	$-3,016,015
2019	$109,665,661	$112,681,676	$62,623,690	$-3,016,015
2018	$110,338,411	$108,854,121	$61,459,893	$1,484,290

ASSOCIATED UNIVERSITIES INC