UNIVERSITY OF AKRON RESEARCH FOUNDATION

EIN: 341972453 501(c)(3) Education

Akron, OH

Total Revenue
$2,778,758
Total Expenses
$1,802,950
Total Assets
$11,207,703
Net Assets
$9,099,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
OH
Principal Officer
Dr Suzanne Bausch
Phone
3309728054
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF AKRON RESEARCH FOUNDATION, founded in 2001, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $976K, a strong 35% operating margin.

Mission

To benefit The University of Akron through administration of certain research activities and management of intellectual property. Promote economic development in Northeast Ohio by licensing technologies to start up companies.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,380,107
Investment Income $548,315
Other Revenue $850,336
TOTAL REVENUE $2,778,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,944
Fundraising Expenses $0
Program Expenses $1,742,582
Other Expenses $1,620,006
TOTAL EXPENSES $1,802,950

Year-over-Year Comparison

2024 2023 Change
Revenue $2,778,758 $3,063,063 -0.1%
Expenses $1,802,950 $3,347,012 -0.5%
Net Income $975,808 $-283,949 -4.4%
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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Governance

Voting Members
12
Independent Members
6
Employees
12
Volunteers
7

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
2
$271,212
Total Directors
10
$754,703
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
R J Nemer Chairman 0
Director
$0 $61,177 $465,037
Suzanne Bausch President 3.0
Director
$0 $34,763 $289,666
Brett Riebau Treasurer 12
Officer
$0 $21,109 $148,204
Kelly Bialek Executive Director 16
Officer
$0 $37,958 $123,008
Dennis Cocco Director 0
Director
$0 $0 $0
Robert Cooper Director 0
Director
$0 $0 $0
Samuel DeShazior Director 0
Director
$0 $0 $0
Joseph Rich Director 0
Director
$0 $0 $0
Ilene Shapiro Director 0
Director
$0 $0 $0
Christopher Thompson Director 0
Director
$0 $0 $0
Thomas Waltermire Director 0
Director
$0 $0 $0
Bryan Williams Director 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 $2,778,758 $1,802,950 $11,207,703 $975,808
2024 No data No data No data No data
2023 $3,671,028 $4,148,716 $12,153,009 $-477,688
2022 $3,711,424 $3,589,647 $12,543,430 $121,777
2021 $3,088,438 $3,477,548 $13,333,379 $-389,110
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