Bloomington, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Indiana University Research & Technology Corporation, founded in 1996, is a small nonprofit in the Education sector that reported $871K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 37% operating deficit.
The Indiana University Research and Technology Corporation (IURTC) serves Indiana university, the state of Indiana, and the nation through creation and application of the university developed technologies and services, and the expanded linkage of the private sector to the university.
INVESTMENTS - The IURTC manages the business and investments under the Indiana Philanthropic Venture Fund (IPVF) as well as Innovate Indiana Fund I, LLC (IIF) regarding planning, operations, and...
INVESTMENTS - The IURTC manages the business and investments under the Indiana Philanthropic Venture Fund (IPVF) as well as Innovate Indiana Fund I, LLC (IIF) regarding planning, operations, and investments. Both IPVF and IIF are established to acquire, hold, dispose, and manage investments in life science and technology companies. An investment committee is utilized to assist with investment decisions.
STUDENT ENGAGEMENT - The STUDENT ENGAGEMENT program is established to fully realize the benefits of University innovations through start-up company formation and support.
Angel network - created in fiscal year 2019, the IURTC engages with high net worth individuals through this membership network and facilitates connections for startup companies with prospective...
Angel network - created in fiscal year 2019, the IURTC engages with high net worth individuals through this membership network and facilitates connections for startup companies with prospective investors. The angel network continues the IURTC and the university's mission of fostering a pervasive entrepreneurial culture that contributes to the prosperity of the state of Indiana, the nation, and the world.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $871,095 | $-921,418 | -1.9% |
| Expenses | $1,194,456 | $1,536,755 | -0.2% |
| Net Income | $-323,361 | $-2,458,173 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Anthony Armstrong | President And CEO | 40.0 |
Officer
Director
|
$0 | $60,264 | $350,105 |
| Bill Stephan | Chairman | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Charles Schalliol | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Elizabeth Hagerman | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregg Summerville | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Joyce Rogers | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Kathy Fields | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Mark Kelley | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Ravi Bhatt | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Russel J Mumper | Member | 1.0 |
Director
|
$0 | $75,546 | $546,979 |
| Theodore Widlanski | Member | 1.0 |
Director
|
$0 | $35,064 | $214,649 |
| Tina Peterson | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Ting Gootee | Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Jason Whitney | CIO | 40.0 |
Highest
|
$204,356 | $53,631 | $257,987 |
| Jonathan Barada | VP of Engagement | 40.0 |
Highest
|
$204,067 | $32,829 | $236,896 |
| Michael Burton | CFO | 40.0 |
Highest
|
$160,207 | $39,729 | $199,936 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $871,095 | $1,194,456 | $16,815,995 | $-323,361 |
| 2024 | No data | No data | No data | No data |
| 2023 | $414,038 | $1,722,761 | $20,053,172 | $-1,308,723 |
| 2022 | $5,196,911 | $1,586,736 | $21,292,100 | $3,610,175 |
| 2021 | $539,028 | $1,275,238 | $17,699,684 | $-736,210 |
| 2020 | $1,160,102 | $1,425,422 | $18,377,381 | $-265,320 |
| 2019 | $1,425,789 | $1,694,722 | $18,644,673 | $-268,933 |
| 2018 | $1,048,265 | $2,254,955 | $18,984,301 | $-1,206,690 |
Compare Indiana University Research & Technology Corporation with other nonprofits in Indiana and across the country.