University Heights Science and Technology Park Inc (EIN 223191573) - 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

2006

Legal Domicile

Principal Officer

Mr Arcelio Aponte

Phone

9739722200

Tax Period

2024-07-01 to 2025-06-30

University Heights Science and Technology Park Inc, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $137 in total revenue in fiscal year 2024. Expenses of $12K exceeded revenue, resulting in a 8904% operating deficit.

Mission

TO SERVE AS A CATALYST FOR ECONOMIC AND SCIENTIFIC RESEARCH AT NEWARK'S HIGHER INSTITUTIONS TO ATTRACT NEW ENTERPRISES TO THE UNIVERSITY HEIGHTS NEIGHBORHOOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $137

Other Revenue $0

TOTAL REVENUE $137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $12,336

TOTAL EXPENSES $12,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137	$136	+0.0%
Expenses	$12,336	$57,723	-0.8%
Net Income	$-12,199	$-57,587	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP HALLOCK	Secretary	2.0	Officer Director	$0	$0	$0
KEVIN MAYNOR	TRUSTEE	2.0	Director	$0	$0	$0
BRIAN STROM	TRUSTEE	2.0	Director	$0	$0	$0
SHANTE PALMER	TRUSTEE	2.0	Director	$0	$0	$0
AUGUSTINE BOAKEY	Vice Chairman	2.0	Officer Director	$0	$0	$0
TEIK LIM	Chairman	2.0	Officer Director	$0	$0	$0
Arcelio Aponte Sr	Treasurer	2.0	Officer Director	$0	$0	$0
Dr Keith Kirkland	Trustee	2.0	Director	$0	$0	$0
Angela Garretson	Trustee	2.0	Director	$0	$0	$0
Steven Andreassen	Trustee	2.0	Director	$0	$0	$0
Allison Ladd	Trustee	2.0	Director	$0	$0	$0
Asmeret Ghebremicael	Trustee	2.0	Director	$0	$0	$0
Vincente Perez	Trustee	2.0	Director	$0	$0	$0
Brenda Liss	Trustee	2.0	Director	$0	$0	$0
Andrew Christ	Trustee (as of 6/2025)	2.0	Director	$0	$0	$0
Kathleen Bramwell	Trustee (as of 6/2025)	2.0	Director	$0	$0	$0
Thaddeus Diggs	Trustee (as of 6/2025)	2.0	Director	$0	$0	$0
Katie Hageman	Trustee (as of 6/2025)	2.0	Director	$0	$0	$0
Alfred Bundy	Trustee (as of 6/2025)	2.0	Director	$0	$0	$0

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	$137	$12,336	$3,557,569	$-12,199
2024	$136	$57,723	$3,585,640	$-57,587
2023	$60,887	$27,707	$3,642,828	$33,180
2022	$60,887	$19,184	$3,588,617	$41,703
2021	$60,980	$16,760	$3,923,424	$44,220
2020	$61,714	$15,104	$3,870,377	$46,610
2019	$61,838	$5,684	$3,821,516	$56,154
2018	$63,090	$14,530	$3,782,922	$48,560

University Heights Science and Technology Park Inc