NDSU Research & Technology Park (EIN 450455343) - 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

1999

Legal Domicile

Principal Officer

Brenda Wyland

Phone

7014993600

Tax Period

2023-07-01 to 2024-06-30

NDSU Research & Technology Park, founded in 1999, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 6% surplus.

Mission

To achieve successful, technology-based economic start-up entrepreneurs, high-tech businesses and the research of North Dakota State University will lead to the creation of new business ventures.

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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 (2023)

Revenue Breakdown

Contributions & Grants $613,718

Program Service Revenue $1,125,535

Investment Income $454,462

Other Revenue $0

TOTAL REVENUE $2,193,715

Expense Breakdown

Grants Paid $61,201

Salaries & Benefits $720,752

Fundraising Expenses $23,635

Program Expenses $1,749,418

Other Expenses $1,287,020

TOTAL EXPENSES $2,068,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,193,715	$2,124,543	+0.0%
Expenses	$2,068,973	$1,681,440	+0.2%
Net Income	$124,742	$443,103	-0.7%

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

$73,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Cook	President	2.00	Officer Director	$0	$0	$0
Jim Buus	Vice President (July-Sept)	2.00	Officer Director	$0	$0	$0
Barry Batcheller	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Shane Waslaski	Assistant Secretary	2.00	Officer Director	$0	$0	$0
Colleen Fitzgerald	Chief Operating Officer (July-Aug)	2.00	Director	$0	$0	$0
Jim Albrecht	Director	1.00	Director	$0	$0	$0
Miguel Danielson	Director (July-Jan)	1.00	Director	$0	$0	$0
Dave Ekman	Director	1.00	Director	$0	$0	$0
Shannon Roers-Jones	Director	1.00	Director	$0	$0	$0
David Bertolini	Director	1.00	Director	$0	$0	$0
Kathryn Birkeland	Director (Aug-June)	1.00	Director	$0	$0	$0
Brenda Wyland	Chief Executive Officer(from Sept)	40.00	Officer	$62,273	$11,618	$73,891
Jan Sobolik	Associate Director	40.00	Highest	$116,330	$40,441	$156,771

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	$2,193,715	$2,068,973	$17,952,882	$124,742
2023	$2,124,543	$1,681,440	$18,723,525	$443,103
2022	$2,356,700	$1,762,524	$19,342,469	$594,176
2021	$1,878,502	$1,861,409	$20,085,953	$17,093
2020	$2,026,288	$1,809,116	$21,499,615	$217,172
2019	$1,936,183	$1,740,489	$22,612,680	$195,694

NDSU Research & Technology Park