ASU ENTERPRISE PARTNERS (EIN 475599177) - 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

2015

Legal Domicile

Principal Officer

MERIDITH RENTZ

Phone

4809653759

Tax Period

2024-07-01 to 2025-06-30

ASU ENTERPRISE PARTNERS, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $26.1M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Net assets of $273.0M represent 125 months of operating reserves.

Mission

ORGANIZATION'S MISSIONASU ENTERPRISE PARTNERS ("ASUEP") SERVES AS THE RESOURCE-RAISING ARM OF ARIZONA STATE UNIVERSITY. AS THE PARENT ORGANIZATION OF FIVE NONPROFITS THAT ARE EACH TASKED WITH IDENTIFYING NEW REVENUE OPPORTUNITIES, ASU ENTERPRISE PARTNERS REPRESENTS A HIGHLY EFFICIENT MODEL FOR DIVERSIFIED REVENUE GENERATION. THROUGH ITS NONPROFITS, ASU ENTERPRISE PARTNERS INVESTS IN INITIATIVES AND PARTNERSHIP OPPORTUNITIES THAT PROVIDE RESOURCES TO ARIZONA STATE UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,816,150

Program Service Revenue $3,868,805

Investment Income $3,858,635

Other Revenue $3,597,793

TOTAL REVENUE $26,141,383

Expense Breakdown

Grants Paid $6,997,781

Salaries & Benefits $7,517,642

Fundraising Expenses $240,698

Program Expenses $15,277,281

Other Expenses $10,962,948

TOTAL EXPENSES $25,478,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,141,383	$14,131,223	+0.8%
Expenses	$25,478,371	$24,209,129	+0.1%
Net Income	$663,012	$-10,077,906	-1.1%

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

178

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

$836,410

Total Directors

$418,196

Key Employees

$1,488,221

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERIDITH RENTZ	CHIEF ENTERPRISE PARTNERS OFFICER	40.00	Officer Director	$370,713	$47,483	$418,196
JOHN GRAHAM	CHAIR	1.00	Officer Director	$0	$0	$0
JUANITA FRANCIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE COLYER	SECRETARY (THRU 8/24)	1.00	Officer Director	$0	$0	$0
STEVE BETTS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CROW	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
LISA LOO	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MARIUCCI	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA E DESANTO	VP, CFO & TREASURER	38.00	Officer	$295,939	$44,812	$340,751
MACKENZIE WOODS	GENERAL COUNSEL, SECRETARY (AS OF 9/24)	47.00	Officer	$65,376	$12,087	$77,463
AUGUSTINE CHENG	MANAGING DIRECTOR & CEO (SI)	50.00	Key Emp	$595,793	$51,857	$647,650
JEFF MINDLIN	CHIEF INVEST. OFFICER/MANAGING DIR. UR	40.00	Key Emp	$383,722	$61,369	$445,091
JEFF ROBERTS	MANAGING DIR. UR (THRU 1/25)	50.00	Key Emp	$347,460	$48,020	$395,480
KYLE SIEGAL	ED & CHIEF PATENT COUNSEL	40.00	Highest	$328,679	$60,569	$389,248
CHARLIE LEWIS	VP VENTURE DEV. & PHYS SCI. (SI)	40.00	Highest	$256,167	$45,936	$302,103
SAMANTHA BRADLEY	MANAGING DIR. REALM SPARK	40.00	Highest	$229,533	$34,189	$263,722
GINA MILLER	CHIEF PEOPLE OFFICER	40.00	Highest	$212,713	$36,695	$249,408
ERIN BARRINGER-STERNER	CHIEF DATA OFFICER	40.00	Highest	$209,005	$17,256	$226,261
DANIEL DILLON	FORMER PRESIDENT & CEO	38.00		$177,026	$21,294	$198,320

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	$26,141,383	$25,478,371	$394,391,590	$663,012
2024	$14,131,223	$24,209,129	$367,975,233	$-10,077,906
2023	$17,546,517	$35,781,750	$361,760,963	$-18,235,233
2022	$23,987,399	$29,543,399	$381,094,670	$-5,556,000
2021	$28,594,627	$18,538,133	$301,976,784	$10,056,494
2020	$52,615,559	$20,346,572	$278,595,963	$32,268,987
2019	$65,695,653	$25,705,954	$257,556,147	$39,989,699

ASU ENTERPRISE PARTNERS