RESEARCH COLLABORATORY AT ASU

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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

2013

Legal Domicile

Principal Officer

VIRGINIA E DESANTO

Phone

4809653759

Tax Period

2023-07-01 to 2024-06-30

RESEARCH COLLABORATORY AT ASU, founded in 2013, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $485K, a strong 44% operating margin.

Mission

ADVANCEMENT OF EDUCATION AND SCIENCE FOR THE BENEFIT OF ARIZONA STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $434,120 Revenue: $941,626

ECASU PROVIDES SERVICES TO SUPPORT EMERGING PROGRAMS AND GLOBAL INITIATIVES ON BEHALF OF ARIZONA STATE UNIVERSITY AND GENERATES REVENUE AS PART OF SERVICE AGREEMENT.

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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 $150,654

Program Service Revenue $941,626

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,092,280

Expense Breakdown

Grants Paid $210,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $434,120

Other Expenses $396,790

TOTAL EXPENSES $606,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,092,280	$384,428	+1.8%
Expenses	$606,790	$400,331	+0.5%
Net Income	$485,490	$-15,903	-31.5%

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

N/A

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

$1,593,022

Total Directors

$1,250,505

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DILLON	PRESIDENT AND CEO (THRU 3/24)	1.00	Officer Director	$0	$76,505	$900,539
VIRGINIA E DESANTO	VICE PRESIDENT, CFO & TREASURER	7.00	Officer Director	$0	$44,378	$349,966
HOPE SHARETT	CORP SECRETARY/GENERAL COUNSEL	7.00	Officer	$0	$49,941	$342,517
MARK SEARLE	PRESIDENT AND CEO (3/24 THRU 6/24)	1.00	Officer Director	$0	$0	$0
JIM O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MORTON	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$1,092,280	$606,790	$761,352	$485,490
2023	$384,428	$400,331	$303,629	$-15,903
2022	$388,860	$372,884	$361,068	$15,976
2021	$277,200	$264,510	$340,068	$12,690
2020	$730,541	$791,782	$321,441	$-61,241
2019	$964,453	$1,437,129	$937,732	$-472,676