UNIVERSITY OF DELAWARE RESEARCH FOUNDATION

EIN: 516017306 501(c)(3)

NEWARK, DE

Total Revenue
$741,312
Total Expenses
$480,893
Total Assets
$14,194,939
Net Assets
$14,194,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
DE
Principal Officer
RAY WNENCHAK
Phone
3028312175
Tax Period
2025-01-01 to 2025-12-31

UNIVERSITY OF DELAWARE RESEARCH FOUNDATION, founded in 1949, is a small nonprofit that reported $741K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $260K, a strong 35% operating margin.

Mission

THE MISSION OF THE UNIVERSITY OF DELAWARE RESEARCH FOUNDATION, INC. IS TO SUPPORT THE UNIVERSITY'S OBJECTIVE OF STRENGTHENING RESEARCH AND INCREASING NATIONAL AND INTERNATIONAL DISTINCTION OF SELECT GRADUATE PROGRAMS BY: 1. PROVIDING GRANTS SUPPORTING THE HIGHEST QUALITY OF SCIENTIFIC AND ENGINEERING RESEARCH; 2. FOCUSING ON ASSISTING EARLY-CAREER, UNTENURED, TENURE-TRACK FACULTY IN AREAS OF PRIMARY INTEREST TO THE UNIVERSITY, AND; 3. PROVIDING FUNDS THAT SUPPLEMENT, BUT DO NOT SUPPLANT, FUNDS AVAILABLE FROM THE UNIVERSITY OR OTHER SOURCES.

Program Service Accomplishments

Program 1
Expenses: $474,343

RESEARCH GRANTS TO UNIVERSITY OF DELAWARE TO FUND FACULTY RESEARCH PROJECTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $741,312
Other Revenue $0
TOTAL REVENUE $741,312

Expense Breakdown

Grants Paid $474,343
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $474,343
Other Expenses $6,550
TOTAL EXPENSES $480,893

Year-over-Year Comparison

2025 2024 Change
Revenue $741,312 $674,341 +0.1%
Expenses $480,893 $469,400 +0.0%
Net Income $260,419 $204,941 +0.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR VICKY L FUNANAGE PRESIDENT 0.30
Officer Director
$0 $0 $0
MR RAY WNENCHAK TREASURER 0.30
Officer Director
$0 $0 $0
MR KEITH M WALTER ASSISTANT TREASURER 0.30
Officer Director
$0 $0 $0
DR MIGUEL GARCIA-DIAZ SECRETARY 0.30
Officer Director
$0 $0 $0
DR KAREN M BLOCH TRUSTEE 0.30
Director
$0 $0 $0
DR G STEPHEN DECHERNEY TRUSTEE 0.30
Director
$0 $0 $0
DR TIMOTHY E HOPKINS TRUSTEE 0.30
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 $741,312 $480,893 $14,194,939 $260,419
2024 $674,341 $469,400 $13,042,119 $204,941
2023 $640,829 $456,000 $12,491,952 $184,829
2022 $618,720 $455,450 $11,752,690 $163,270
2021 $602,763 $430,100 $13,702,016 $172,663
2020 $526,741 $405,100 $11,596,149 $121,641
2019 $534,036 $404,900 $10,412,011 $129,136
2018 $546,023 $454,700 $9,423,651 $91,323
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