TEXAS STATE UNIVERSITY - SAN MARCOS RESEARCH FOUNDATION % DARRYL BORGONAH (EIN 270523322) - 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

2009

Legal Domicile

Principal Officer

DR SHREEKANTH AMMANJI MA

Phone

5122452314

Tax Period

2024-03-01 to 2025-02-28

TEXAS STATE UNIVERSITY - SAN MARCOS RESEARCH FOUNDATION % DARRYL BORGONAH, founded in 2009, is a small nonprofit in the Education sector that reported $367K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 26% operating margin.

Mission

THE PURPOSE OF THE UNIVERSITY RESEARCH FOUNDATION IS TO PROMOTE TEXAS STATE UNIVERSITY'S OBJECTIVES OF PROVIDING HIGHER EDUCATION, CONDUCTING RESEARCH, PROVIDING PUBLIC SERVICE, AND ASSISTING IN ECONOMIC DEVELOPMENT IN TEXAS.

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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 $366,984

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $366,984

Expense Breakdown

Grants Paid $270,384

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,384

Other Expenses $0

TOTAL EXPENSES $270,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,984	N/A	N/A
Expenses	$270,384	N/A	N/A
Net Income	$96,600	$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

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

$1,827,932

Total Directors

$1,172,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK M ROSE	DIRECTOR (NO TXST EMPLOYEE	1.00	Director	$0	$0	$0
MRS BRANDEY WIMBERLEY ORSAG	DIRECTOR (NO TXST EMPLOYEE	1.00	Director	$0	$0	$0
KELLY DAMPHOUSSE	CHAIR	0.25	Officer Director	$0	$45,599	$835,329
DR PRANESH B ASWATH	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DR SHREEKANTH AMMANJI MANDAYAM	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$35,409	$337,023
ERIC ALGOE	SECRETARY (NON-VOTING)	0.50	Officer	$0	$43,277	$456,753
DARRYL J BORGONAH	TREASURER (NON-VOTING)	1.00	Officer	$0	$27,827	$198,827

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	$366,984	$270,384	$139,751	$96,600
2024	No data	No data	$43,151	No data

TEXAS STATE UNIVERSITY - SAN MARCOS RESEARCH FOUNDATION % DARRYL BORGONAH