UNIVERSITY OF IOWA RESEARCH PARK CORPORATION

EIN: 421333324 Education

CORALVILLE, IA

Total Revenue
$316,627
Total Expenses
$227,842
Total Assets
$4,866,884
Net Assets
$2,827,330
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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
IA
Principal Officer
JON DARSEE
Phone
3193842741
Tax Period
2022-07-01 to 2023-06-30

UNIVERSITY OF IOWA RESEARCH PARK CORPORATION, founded in 1989, is a small nonprofit in the Education sector that reported $317K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $89K, a strong 28% operating margin.

Mission

A TITLE HOLDING ENTITY THAT OPERATES A RESEARCH PARK FOR THE UNIVERSITY OF 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $115,634
Program Service Revenue $188,172
Investment Income $12,821
Other Revenue $0
TOTAL REVENUE $316,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,912
Fundraising Expenses $0
Other Expenses $123,930
TOTAL EXPENSES $227,842

Year-over-Year Comparison

2022 2021 Change
Revenue $316,627 $380,417 -0.2%
Expenses $227,842 $216,185 +0.1%
Net Income $88,785 $164,232 -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

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Governance

Voting Members
11
Independent Members
4
Employees
2
Volunteers
4

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
4
$1,144,397
Total Directors
11
$2,523,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARSEE JON PRESIDENT 2.00
Officer Director
$0 $43,544 $300,849
DENGLER STEPHANIE SECRETARY 10.00
Officer Director
$24,049 $29,630 $134,531
JOHNSON TERRY TREASURER 0.20
Officer Director
$0 $55,308 $420,199
KERBESHIAN MARIE VICE PRESIDENT 0.20
Officer Director
$0 $44,253 $288,818
BOOTHBY PHIL DIRECTOR 0.20
Director
$0 $50,793 $329,426
HAYWORTH KELLY DIRECTOR 0.20
Director
$0 $0 $0
JOHNSON FRANCES DIRECTOR 0.20
Director
$0 $0 $0
NOLTE MARK DIRECTOR 0.20
Director
$0 $0 $0
WHITTERS ALEC DIRECTOR 0.20
Director
$0 $0 $0
KREGEL KEVIN DIRECTOR 0.20
Director
$0 $59,147 $590,725
SCHOLTZ JOHN DIRECTOR 0.00
Director
$0 $50,452 $459,197
KELLER JOHN FORMER OFFICER 0.00
$0 $34,040 $204,674
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 $316,627 $227,842 $4,866,884 $88,785
2022 $380,417 $216,185 $4,843,563 $164,232
2021 $356,243 $217,243 $4,644,880 $139,000
2020 $370,762 $230,435 $4,567,607 $140,327
2019 $335,272 $191,295 $4,486,345 $143,977
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