UNIVERSITY OF UTAH RESEARCH FOUNDATION (EIN 237112869) - 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

1972

Legal Domicile

Principal Officer

ERIN ROTHWELL

Phone

8015816699

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF UTAH RESEARCH FOUNDATION, founded in 1972, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $18.8M exceeded revenue, resulting in a 72% operating deficit.

Mission

SUPPORT UNIVERSITY OF UTAH RESEARCH AND ADMINISTER UNIVERSITY RESEARCH PARK

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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 $1,354,320

Program Service Revenue $0

Investment Income $-1,044,197

Other Revenue $10,665,590

TOTAL REVENUE $10,975,713

Expense Breakdown

Grants Paid $6,023,406

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,023,406

Other Expenses $12,811,080

TOTAL EXPENSES $18,834,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,975,713	$26,364,180	-0.6%
Expenses	$18,834,486	$20,486,945	-0.1%
Net Income	$-7,858,773	$5,877,235	-2.3%

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

$3,478,028

Total Directors

$6,075,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR R RANDALL	CHAIR AND DIRECTOR	1.00	Officer Director	$0	$380,993	$1,400,302
ERIN W ROTHWELL	PRESIDENT AND DIRECTOR	4.00	Officer Director	$0	$139,081	$624,817
MITZI MONTOYA	EXEC VP AND DIRECTOR	1.00	Officer Director	$0	$139,675	$863,328
MICHAEL GOOD	DIRECTOR	1.00	Director	$0	$136,960	$2,083,410
KATHARINE KU	DIRECTOR	1.00	Director	$0	$0	$0
CATHY ANDERSON	DIRECTOR	1.00	Director	$0	$125,225	$611,421
JEFF LABRUM	DIRECTOR	1.00	Director	$0	$112,370	$491,934
BOB CARTER	DIRECTOR	1.00	Director	$0	$0	$0
MASON AILSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
BASSAM SALEM	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS VETTER	SECRETARY	1.00	Officer	$0	$132,043	$589,581
ANTHONY WAGNER	TREASURER	1.00	Officer	$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	$10,975,713	$18,834,486	$311,740,920	$-7,858,773
2024	$26,364,180	$20,486,945	$311,882,630	$5,877,235
2023	$28,580,220	$16,675,326	$339,284,972	$11,904,894
2022	$26,132,674	$11,217,756	$360,749,047	$14,914,918
2021	$28,039,528	$12,711,992	$104,074,488	$15,327,536

UNIVERSITY OF UTAH RESEARCH FOUNDATION