UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION (EIN 465357903) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

PETER SUSMAN

Phone

2514606241

Tax Period

2023-10-01 to 2024-09-30

UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION, founded in 2014, is a small nonprofit in the Education sector that reported $934K in total revenue in fiscal year 2019. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 24% operating margin.

Mission

FURTHER THE UNIVERSITY OF SOUTH ALABAMA'S EDUCATIONAL, RESEARCH, AND SERVICE MISSIONS BY COMMERCIALIZING INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,718

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,913

Other Expenses $3,913

TOTAL EXPENSES $3,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,718	$188,661	-0.9%
Expenses	$3,913	$193,666	-1.0%
Net Income	$11,805	$-5,005	-3.4%

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

$1,317,096

Total Directors

$1,317,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JO BONNER	DIRECTOR/PRE	1.00	Officer Director	$0	$62,942	$745,863
LYNNE CHRONISTER	DIRECTOR/VIC	0.00		$0	$48,957	$320,673
KRISTEN ROBERTS	SECRETARY/TR	1.00	Officer Director	$0	$46,149	$313,053
POLLY STOKLEY	DIRECTOR	0.00		$0	$29,887	$271,857
MICHAEL CHAMBERS	DIRECTOR/VIC	1.00	Officer Director	$0	$32,783	$258,180
GLYN AGNEW	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP BURTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN HONG	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE MITCHELL	DIRECTOR/CHA	1.00	Officer Director	$0	$0	$0
DAVID TRENT	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
2024	$15,718	$3,913	$57,886	$11,805
2023	$188,661	$193,666	$46,081	$-5,005
2022	$1,090,825	$1,074,793	$51,086	$16,032
2021	$942,676	$1,136,007	$35,054	$-193,331
2020	$933,703	$711,650	$228,385	$222,053

UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION