The Penn State Research Foundation (EIN 251359185) - 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

1934

Legal Domicile

Principal Officer

Virginia A Teachey

Tax Period

2023-01-01 to 2023-12-31

The Penn State Research Foundation, founded in 1934, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Penn State Research Foundations mission is to seek patent protection for and exploit the inventions of The Pennsylvania State University. In addition, the Foundation issues grants to support scientific and engineering research at The Pennsylvania State 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 $1,520,122

Program Service Revenue $3,931,328

Investment Income $203,925

Other Revenue $0

TOTAL REVENUE $5,655,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,586,932

Other Expenses $5,598,652

TOTAL EXPENSES $5,598,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,655,375	$5,169,616	+0.1%
Expenses	$5,598,652	$4,810,955	+0.2%
Net Income	$56,723	$358,661	-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

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

$1,390,164

Total Directors

$2,472,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neelima Bendapudi	Director	1.00	Director	$0	$56,534	$1,435,010
Eric Barron	Former Director	0.00		$0	$40,407	$647,053
Lora Weiss	Former President	0.00		$0	$55,924	$583,093
Andrew Read	President	1.00	Officer	$0	$43,054	$504,269
Virginia A Teachey	Treasurer	1.00	Officer Director	$0	$48,611	$352,492
Bin Yan	Vice President	1.00	Officer Director	$0	$47,885	$288,587
James Delattre	Secretary	1.00	Officer Director	$0	$20,658	$244,816
Gregory Lewis	Director	1.00	Director	$0	$11,653	$151,504
Patricia Loftus	Director	1.00	Director	$0	$0	$0
Selda Gunsel	Director	1.00	Director	$0	$0	$0
C Daniel Azzara	Director	1.00	Director	$0	$0	$0
Kathleen Shay	Director	1.00	Director	$0	$0	$0
Bruce Shook	Director	1.00	Director	$0	$0	$0
Andrew Stephenson	Director	1.00	Director	$0	$0	$0
Joseph Herbst	Director	1.00	Director	$0	$0	$0
Charles Kunsch	Director	1.00	Director	$0	$0	$0
Eric Hall II	Director	1.00	Director	$0	$0	$0
Mark Granahan	Director	1.00	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
2024	No data	No data	No data	No data
2023	$5,655,375	$5,598,652	$8,770,133	$56,723
2022	$5,169,616	$4,810,955	$8,344,737	$358,661
2021	$8,076,994	$6,618,077	$6,671,003	$1,458,917
2020	$4,837,721	$4,420,480	$4,991,979	$417,241

The Penn State Research Foundation