UNIVERSITY DEVELOPMENT GROUP INC (EIN 263118684) - 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

2008

Legal Domicile

Principal Officer

MICHAEL DREW

Phone

3306785203

Tax Period

2021-07-01 to 2022-06-30

UNIVERSITY DEVELOPMENT GROUP INC, founded in 2008, is a small nonprofit that reported $231K in total revenue in fiscal year 2021. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $695K exceeded revenue, resulting in a 201% operating deficit.

Mission

UNIVERSITY DEVELOPMENT GROUP, INC WAS FORMED TO MANAGE PROPERTY OWNED BY KENT STATE UNIVERSITY AND HOLD EQUITY INTERESTS OR LICENSES IN START UP ENTITIES. THE COMPANYIS A CONDUIT THAT HELPS IN FORMATION OF NEW BUSINESSES, CREATION OFJOBS AND REVITALIZATION AND GROWTH IN NORTHEAST OHIO. THEY ALSO PROMOTEACADEMIC ACHIEVEMENT AND ENHANCE EDUCATION BY PROVIDING OPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,358

Investment Income $321

Other Revenue $0

TOTAL REVENUE $230,679

Expense Breakdown

Grants Paid $627,202

Salaries & Benefits $3,250

Fundraising Expenses $0

Program Expenses $657,170

Other Expenses $64,146

TOTAL EXPENSES $694,598

Year-over-Year Comparison

	2021	2020	Change
Revenue	$230,679	$203,182	+0.1%
Expenses	$694,598	$49,154	+13.1%
Net Income	$-463,919	$154,028	-4.0%

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

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

$3,250

Total Directors

$3,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DREW	PRESIDENT	3.00	Officer Director	$3,250	$0	$3,250
LOWELL CROSKEY	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
2022	$230,679	$694,598	$65,873	$-463,919
2022	No data	$65,873	No data	No data
2021	$203,182	$49,154	$529,792	$154,028
2020	$230,737	$230,150	$375,764	$587
2019	$211,843	$40,040	$375,177	$171,803

UNIVERSITY DEVELOPMENT GROUP INC