Central Michigan University Resear… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

Erin Strang

Phone

9897742424

Tax Period

2024-07-01 to 2025-06-30

Central Michigan University Research Corporation, founded in 2001, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 8% surplus.

Mission

To receive, administer, and distribute funds to promote and encourage research, scholarship, creative activities, and other applied research and technology at CMU.

Program Service Accomplishments

Program 1

Expenses: $2,576,817 Revenue: $732,711

ASSISTED VARIOUS COMPANIES BY PROVIDING THEM WITH MARKET RESEARCH AND START UP SUPPORT.

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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 $2,703,080

Program Service Revenue $16,146

Investment Income $23,700

Other Revenue $716,565

TOTAL REVENUE $3,459,491

Expense Breakdown

Grants Paid $801,140

Salaries & Benefits $746,185

Fundraising Expenses $0

Program Expenses $2,576,817

Other Expenses $1,640,802

TOTAL EXPENSES $3,188,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,459,491	$3,243,868	+0.1%
Expenses	$3,188,127	$2,916,821	+0.1%
Net Income	$271,364	$327,047	-0.2%

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

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

$185,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil MacKinnon	Chair	1.00	Officer Director	$0	$0	$0
Mary Hill	Treasurer	1.00	Officer Director	$0	$0	$0
Toby Roth	Secretary	1.00	Officer Director	$0	$0	$0
Paula Lancaster	Director	1.00	Director	$0	$0	$0
Julie Messing	Director	1.00	Director	$0	$0	$0
Shawna Patterson-Stephens	Director	1.00	Director	$0	$0	$0
Patricia Franklin-Lindsey	Director	1.00	Director	$0	$0	$0
Melissa Skalitzky	Director	1.00	Director	$0	$0	$0
Darren Werner	Director	1.00	Director	$0	$0	$0
Dan Ward	Director	1.00	Director	$0	$0	$0
Jeff Stoutenburg	Director	1.00	Director	$0	$0	$0
Bob Johnson	Director	1.00	Director	$0	$0	$0
Kaleb Patrick	Director	1.00	Director	$0	$0	$0
Felicia Harris	Director	1.00	Director	$0	$0	$0
Erin Strang	President/CEO	40.00	Officer	$161,599	$23,801	$185,400

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	$3,459,491	$3,188,127	$9,848,725	$271,364
2024	$3,243,868	$2,916,821	$11,673,783	$327,047
2023	$1,672,662	$1,871,322	$12,713,736	$-198,660
2022	$1,534,681	$1,639,929	$2,137,264	$-105,248
2021	$1,390,643	$1,437,134	$2,118,644	$-46,491
2020	$1,191,041	$1,205,646	$2,121,341	$-14,605
2019	$1,095,394	$1,154,290	$1,979,707	$-58,896

Central Michigan University Research Corporation