UNIVERSITY OF IOWA RESEARCH PARK C… - Form 990 Financial Data

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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

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

THE UNIVERSITY OF IOWA RESEARCH PARK CORPORATION (UIRPC) OFFERS GROWING COMPANIES A WIDE RANGE OF BUILDING SITES OR LEASED OFFICE AND LABORATORY SPACE IN A PARK-LIKE ENVIRONMENT FEATURING CONVENIENT ACCESS TO RESEARCH RESOURCES OF THE UNIVERSITY OF IOWA.

Program Service Accomplishments

Program 1

UIRPC OPERATES A RESEARCH PARK AND IS AN AFFILIATED ORGANIZATION OF THE UNIVERSITY OF IOWA. UIRPC IS THE LESSEE OF A MASTER GROUND LEASE WITH THE STATE OF IOWA AND LEASES BUILDING SITES AND SPACE TO GROWING COMPANIES THAT DESIRE SUSTAINED RESEARCH RELATIONSHIPS WITH THE UI.IN THE YEAR ENDED JUNE 30, 2023 UIRPC MANAGED THIRTEEN LAND LEASES. INCOME FROM THESE LEASES TOTALED $188,172 WHILE OPERATING EXPENSES TOTALED $227,842. FOURTEEN OF A TOTAL OF TWENTY-SEVEN LOTS REMAIN TO BE LEASED.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$1,144,397

Total Directors

$2,523,745

Key Employees

Highest Compensated

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

UNIVERSITY OF IOWA RESEARCH PARK CORPORATION