CORNELL RESEARCH FOUNDATION INC

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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

1932

Legal Domicile

Principal Officer

ALICE LI

Phone

6072544698

Tax Period

2023-07-01 to 2024-06-30

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER INVENTIVENESS AT CORNELL, PROTECT CORNELL'S INTELLECTUAL PROPERTY INTERESTS AND MANAGE THOSE INTERESTS FOR THE BENEFIT OF CORNELL, ITS INVENTORS AND THE PUBLIC.

Program Service Accomplishments

Program 1

CORNELL RESEARCH FOUNDATION (CRF) HOLDS PATENTS ON TECHNICAL PROCESSES DEVELOPED BY CORNELL UNIVERSITY'S FACULTY AND STAFF. INCOME FROM HOLDING THE PROPERTY INURES TO THE BENEFIT OF CORNELL, A...

CORNELL RESEARCH FOUNDATION (CRF) HOLDS PATENTS ON TECHNICAL PROCESSES DEVELOPED BY CORNELL UNIVERSITY'S FACULTY AND STAFF. INCOME FROM HOLDING THE PROPERTY INURES TO THE BENEFIT OF CORNELL, A SECTION 501(C)(3) RESEARCH UNIVERSITY.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

N/A

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

$686,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRYSTYN VLIET	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CAROLANN SAGGESE	TREASURER	0.50	Officer Director	$0	$0	$0
PATRICIA MCCLARY	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN E ALEXANDER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRIAN KELLY	VICE PRESIDENT	40.00	Officer	$0	$0	$353,737
XIANG LI	PRESIDENT	40.00	Officer	$0	$0	$333,252

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	No data	No data	$1,586,075	No data
2023	No data	No data	$1,624,940	No data
2022	No data	No data	$1,586,340	No data
2021	No data	No data	$1,586,340	No data
2020	No data	$419,099	$1,586,350	No data
2019	No data	No data	$2,280,786	No data
2018	No data	$863	$3,244,503	No data