University Research Park Incorporated

EIN: 391509154 501(c)(3) Education

Madison, WI

Total Revenue
$24,013,921
Total Expenses
$16,455,230
Total Assets
$223,776,319
Net Assets
$119,598,348
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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
1984
Legal Domicile
WI
Principal Officer
AARON OLVER
Phone
6084418000
Tax Period
2023-01-01 to 2023-12-31

University Research Park Incorporated, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $24.0M in total revenue in fiscal year 2023. The organization ran a surplus of $7.6M, a strong 31% operating margin.

Mission

ACQUIRES, HOLDS, ADMINISTERS & DISTRIBUTES REAL & PERSONAL PROPERTY FOR THE BENEFIT OF UW-MADISON.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,886,013
Investment Income $1,992,941
Other Revenue $134,967
TOTAL REVENUE $24,013,921

Expense Breakdown

Grants Paid $1,694,038
Salaries & Benefits $1,803,764
Fundraising Expenses $0
Program Expenses $15,294,489
Other Expenses $12,957,428
TOTAL EXPENSES $16,455,230

Year-over-Year Comparison

2023 2022 Change
Revenue $24,013,921 $23,400,734 +0.0%
Expenses $16,455,230 $14,141,705 +0.2%
Net Income $7,558,691 $9,259,029 -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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
7
$862,286
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Olver Assistant Secretary/Treasurer 40.0
Officer
$311,507 $51,680 $363,187
Paul Muench Associate Director 40.0
Officer
$233,726 $59,603 $293,329
Pamarella Hetland Chief Financial Officer 40.0
Officer
$155,612 $50,158 $205,770
Matthew McConnell Assistant Director 40.0
Highest
$122,884 $42,429 $165,313
Rory Holland Project Manager 40.0
Highest
$117,212 $22,730 $139,942
Jennifer Mnookin President 2.0
Officer Director
$0 $0 $0
Thomas F Pyle Vice President 2.0
Officer Director
$0 $0 $0
Paul Shain Treasurer 2.0
Officer Director
$0 $0 $0
Susan Lubar Secretary 2.0
Officer Director
$0 $0 $0
Laurie Benson Trustee 2.0
Director
$0 $0 $0
Stephen Dickmann Trustee 2.0
Director
$0 $0 $0
Jan Eddy Trustee 2.0
Director
$0 $0 $0
Rockne G Flowers Trustee 2.0
Director
$0 $0 $0
John Gransee Trustee 2.0
Director
$0 $0 $0
Jeff Keebler Trustee 2.0
Director
$0 $0 $0
Kyle Weatherly Trustee 2.0
Director
$0 $0 $0
Matthew Younkle Trustee 2.0
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
2024 No data No data No data No data
2023 $24,013,921 $16,455,230 $223,776,319 $7,558,691
2022 $23,400,734 $14,141,705 $189,811,725 $9,259,029
2021 $21,486,751 $14,222,940 $170,733,118 $7,263,811
2020 $19,527,506 $12,618,796 $162,117,796 $6,908,710
2019 $16,740,589 $10,672,932 $148,824,638 $6,067,657
2018 $15,722,517 $9,687,439 $112,013,317 $6,035,078
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