UNIVERSITY OF DELAWARE RESEARCH FOUNDATION (EIN 516017306) - 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

1949

Legal Domicile

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

GRANTS FOR RESEARCH TO THE UNIVERSITY OF DELAWARE

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

UNIVERSITY OF DELAWARE RESEARCH FOUNDATION