UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION (EIN 364644408) - 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

2007

Legal Domicile

Phone

4018745964

Tax Period

2022-07-01 to 2023-06-30

UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION, founded in 2007, is a community nonprofit in the Science & Technology sector that reported $8.4M in total revenue in fiscal year 2022.

Mission

Be a leading driver of economic prosperity for Rhode Island by providing a scalable, flexible shared-support structure for our current and future portfolio entities and engaging URI research, the manufacturing community, and other regional resources and partnerships to accelerate innovation, advancement, and entrepreneurship in RI's commercial and technological ecosystem, particularly URI.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,981,632

Program Service Revenue $1,429,446

Investment Income $604

Other Revenue $0

TOTAL REVENUE $8,411,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,022,438

Fundraising Expenses $0

Program Expenses $8,222,804

Other Expenses $5,909,464

TOTAL EXPENSES $8,931,902

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,411,682	$8,710,508	0.0%
Expenses	$8,931,902	$9,063,901	0.0%
Net Income	$-520,220	$-353,393	+0.5%

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

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

$441,842

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN COWAN	EXECUTIVE DIRECTOR	40.00	Officer	$181,223	$46,603	$227,826
MARY SPRINGER	DIRECTOR OF FINANCE AND ADMIN.	40.00	Highest	$125,594	$11,961	$137,555
ERIK BRINE	DIRECTOR FOR DEFENSE INTERACTIONS	40.00	Highest	$169,579	$17,490	$187,069
LEE SILVESTRE	SBIR COORDINATOR	40.00	Highest	$156,396	$14,848	$171,244
PETER RUMSEY	CHIEF BUSINESS DEVELOPMENT OFFICER	40.00	Highest	$160,472	$46,363	$206,835
CHRISTINE SMITH	DIRECTOR OF SPECIAL PROJECTS	40.00	Highest	$112,275	$12,658	$124,933
PETER J SNYDER	URIRF BOARD OF SECRETARY	40.00	Officer	$26,415	$0	$26,415
JAQUELINE N MAZZA	CHIEF FINANCIAL OFFICER	40.00	Officer	$144,496	$14,015	$158,511
MELISSA MCCARTHY	URIRF BOARD SECRETARY	1.00	Officer	$20,090	$0	$20,090
MICHAEL KATZ	EXECUTIVE DIRECTOR	1.00	Officer	$9,000	$0	$9,000
BETHANY D JENKINS	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
MARC PARLANGE	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
ABBY BENSON	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
MEGAN MERCEDES ECHEVARRIA	DIRECTOR, EX OFFICIO	1.00	Director	$0	$0	$0
RELE ABIDAE	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR BELL	DIRECTOR	1.00	Director	$0	$0	$0
RANDY BRANDENBURG	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BROWER	DIRECTOR	1.00	Director	$0	$0	$0
AMY GRZYBOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER KACZMAREK	DIRECTOR,VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW M NEYLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL J ROBERTI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN S DUNCKLEY	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,411,682	$8,931,902	$6,478,055	$-520,220
2022	$8,710,508	$9,063,901	$6,078,660	$-353,393
2021	$8,986,945	$7,365,809	$7,209,460	$1,621,136
2020	$6,280,241	$5,867,727	$4,498,941	$412,514
2019	$5,512,112	$5,544,442	$4,383,932	$-32,330
2018	$4,975,123	$4,584,406	$4,040,036	$390,717

UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION