UNIVERSITY CORPORATE RESEARCH PARK I INC (EIN 386552713) - 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

1989

Legal Domicile

Principal Officer

DAVID WASHBURN

Phone

5173539268

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY CORPORATE RESEARCH PARK I INC, founded in 1989, is a micro nonprofit that reported $960K in total revenue in fiscal year 2024.

Mission

TO HOLD TITLE AND PERFORM RELATED FUNCTIONS IN CONNECTION WITH A RESEARCH (CONTINUED IN SCH O)PARK AND INNOVATION CENTER IN SUPPORT OF MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION.

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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 $0

Program Service Revenue $10,000

Investment Income $8,278

Other Revenue $-978,494

TOTAL REVENUE $-960,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-960,216	$-647,542	+0.5%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-647,542	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

$877,384

Total Directors

$598,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WASHBURN	PRESIDENT	2.00	Officer Director	$0	$135,272	$598,569
RANDOLPH COWEN	BOARD MEMBER	0.20	Director	$0	$0	$0
SCOTT ESTON	BOARD MEMBER (THRU 12/24)	0.20	Director	$0	$0	$0
JOHN PHILLIPS	BOARD MEMBER	0.20	Director	$0	$0	$0
BRUCE LEECH	BOARD MEMBER (AS OF 12/24)	0.20	Director	$0	$0	$0
REBEKAH SKRZYNIARZ	DIRECTOR OF FINANCE	1.00	Officer	$0	$82,298	$278,815
JEFF SMITH	DIRECTOR OF UCRP	40.00	Highest	$185,831	$42,019	$227,850

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	$-960,216	No data	$10,102,787	No data
2024	No data	No data	No data	No data
2023	$-602,196	No data	$10,985,041	No data
2022	$-187,483	No data	$10,176,312	No data
2021	$-159,482	No data	$10,270,598	No data
2020	$-390,859	No data	$10,839,205	No data
2019	$734,456	No data	$3,105,844	No data
2018	$8,641	No data	$8,715,623	No data

UNIVERSITY CORPORATE RESEARCH PARK I INC