UMB HEALTH SCIENCES RESEARCH PARK CORPORATION (EIN 141875043) - 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

2003

Legal Domicile

Principal Officer

JANE ALLGAIR

Phone

4107065236

Tax Period

2023-07-01 to 2024-06-30

UMB HEALTH SCIENCES RESEARCH PARK CORPORATION, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $16.6M represent 86 months of operating reserves.

Mission

TO SUPPORT THE MISSIONS OF UNIVERSITY OF MARYLAND, BALTIMORE (UMB), A TAX-EXEMPT ORGANIZATION, INCLUDING THEIR CREATION OF THE UNIVERSITY OF MARYLAND BIOPARK. TO MAINTAIN THE BIOPARK AND MONITOR ALL LEASES, COVENANTS AND RESTRICTIONS CONCERNING THE USES OF THE BIOPARK.

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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 $5,000

Program Service Revenue $0

Investment Income $263,012

Other Revenue $2,041,587

TOTAL REVENUE $2,309,599

Expense Breakdown

Grants Paid $798,511

Salaries & Benefits $60,404

Fundraising Expenses $0

Program Expenses $2,257,429

Other Expenses $1,514,360

TOTAL EXPENSES $2,373,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,309,599	$3,392,928	-0.3%
Expenses	$2,373,275	$1,904,597	+0.2%
Net Income	$-63,676	$1,488,331	-1.0%

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

$1,054,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M PRUGH	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN M HAMILTON	AUDIT CHAIR	1.00	Director	$0	$0	$0
DR DAVID L DALTON	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD E CHAPPELEAR	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD J HIMELFARB	DIRECTOR	1.00	Director	$0	$0	$0
HONORABLE JANET S OWENS	DIRECTOR	1.00	Director	$0	$0	$0
MARILYNN K DUKER	DIRECTOR	1.00	Director	$0	$0	$0
CHICKIE GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL K KING	DIRECTOR	1.00	Director	$0	$0	$0
GUY FILIPPELLI	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MUNROE PHD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES L HUGHES	PRESIDENT/EX OFFICIO DIREC	1.00	Officer	$0	$48,023	$579,849
JANE M SHAAB	SECRETARY/EX OFFICIO DIREC	1.00	Officer	$0	$18,121	$290,541
JANE ALLGAIR	TREASURER (AS OF 11/02/2023)	24.00	Officer	$0	$22,857	$184,343
LINDA CASSARD	TREASURER (THRU 10/15/2023)	24.00		$160,371	$0	$160,371

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	No data	No data	No data	No data
2024	$2,309,599	$2,373,275	$17,897,910	$-63,676
2023	$3,392,928	$1,904,597	$17,616,030	$1,488,331
2022	$1,901,335	$1,782,724	$16,212,488	$118,611
2021	$1,917,755	$1,783,642	$16,268,947	$134,113
2020	$2,909,523	$1,673,919	$16,337,715	$1,235,604
2019	$3,717,825	$1,760,112	$16,122,709	$1,957,713
2018	$1,859,893	$1,775,910	$13,883,052	$83,983

UMB HEALTH SCIENCES RESEARCH PARK CORPORATION