IOWA STATE UNIVERSITY RESEARCH PARK (EIN 421309259) - 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

1998

Legal Domicile

Phone

5152967275

Tax Period

2024-07-01 to 2025-06-30

IOWA STATE UNIVERSITY RESEARCH PARK, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 17% operating margin.

Mission

PROVIDE REDUCED RENT TO HELP IOWA STATE UNIVERSITY ACHIEVE RESEARCH GOALS. TO PROVIDE A MATERIAL AND HUMAN RESOURCE-RICH ENVIRONMENT WHERE ESTABLISHED TECHNOLOGY RELATED FIRMS, SERVICES AND RESEARCH ORGANIZATIONS CAN EXPAND THEIR OPPORTUNITIES; WHERE YOUNG IOWA-BASED COMPANIES CAN DEVELOP THEIR POTENTIAL; AND WHERE SCIENCE AND TECHNOLOGY ENTREPRENEURIAL VENTURES CAN TAKE ROOT IN IOWA.

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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 $883,629

Program Service Revenue $12,259,005

Investment Income $886,272

Other Revenue $0

TOTAL REVENUE $14,028,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,144,838

Fundraising Expenses $0

Program Expenses $9,532,781

Other Expenses $10,533,457

TOTAL EXPENSES $11,678,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,028,906	$10,760,064	+0.3%
Expenses	$11,678,295	$10,067,129	+0.2%
Net Income	$2,350,611	$692,935	+2.4%

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

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

$234,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MATT DARR	DIRECTOR	0.00	Director	$0	$0	$0
DEBORAH DURHAM	DIRECTOR	0.00	Director	$0	$0	$0
DR PETER DORHOUT	DIRECTOR	0.00	Director	$0	$0	$0
DAVID SPALDING	CHAIR	0.00	Officer Director	$0	$0	$0
WARREN MADDEN	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
RON HALLENBECK	DIRECTOR	0.00	Director	$0	$0	$0
DR LAURA JOLLY	DIRECTOR	0.00	Director	$0	$0	$0
DR BRENT SHANKS	DIRECTOR	0.00	Director	$0	$0	$0
STEVE SCHULER	VICE CHAIRPERSON	0.00	Officer Director	$0	$0	$0
SEAN REEDER	DIRECTOR	0.00	Director	$0	$0	$0
PAUL RUPPRECHT	DIRECTOR	0.00	Director	$0	$0	$0
ERIC PETERSON	DIRECTOR	0.00	Director	$0	$0	$0
RICK SANDERS	EX-OFFICIO	40.00	Officer	$234,300	$0	$234,300
ALISON DOYLE	ASSOCIATE DIRECTOR	40.00	Highest	$133,998	$0	$133,998
KYLE MARTIN	OPERATIONS MANAGER	40.00	Highest	$108,793	$0	$108,793

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	$14,028,906	$11,678,295	$100,431,174	$2,350,611
2024	$10,760,064	$10,067,129	$95,133,404	$692,935
2023	$11,715,274	$9,371,439	$83,485,755	$2,343,835
2022	$11,124,615	$7,553,513	$68,199,725	$3,571,102
2021	$10,446,996	$8,159,028	$68,974,126	$2,287,968
2020	$9,906,823	$11,358,983	$71,325,797	$-1,452,160
2019	$8,989,291	$10,924,791	$72,639,847	$-1,935,500

IOWA STATE UNIVERSITY RESEARCH PARK