UNIV OF SOUTH ALABAMA FOUNDATION FOR RESEARCH AND COMMERCIALIZATION

EIN: 465357903 501(c)(3) Education

MOBILE, AL

Total Revenue
$15,718
Total Expenses
$3,913
Total Assets
$57,886
Net Assets
$57,886
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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
2014
Legal Domicile
AL
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 micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 75% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $3,913 Revenue: $15,718

COMMERIALIZE INTELLECTUAL PROPERTY DEVELOPED BY UNIVERSITY FACULTY.

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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 (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

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Governance

Voting Members
9
Independent Members
5
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
4
$1,317,096
Total Directors
9
$1,317,096
Key Employees
0
$0
Highest Compensated
0
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
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