Universities Space Research Association (EIN 520892064) - 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

1969

Legal Domicile

Phone

4107302656

Tax Period

2023-10-01 to 2024-09-30

Universities Space Research Association, founded in 1969, is a mid-sized nonprofit in the Science & Technology sector that reported $64.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Advance the space and aeronautics related sciences and exploration through innovative research, technology, and education

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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 (2023)

Revenue Breakdown

Contributions & Grants $62,630,494

Program Service Revenue $737,442

Investment Income $818,046

Other Revenue $543

TOTAL REVENUE $64,186,525

Expense Breakdown

Grants Paid $5,119,510

Salaries & Benefits $37,461,387

Fundraising Expenses $0

Program Expenses $51,534,395

Other Expenses $23,864,923

TOTAL EXPENSES $66,445,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,186,525	$69,564,440	-0.1%
Expenses	$66,445,820	$77,404,775	-0.1%
Net Income	$-2,259,295	$-7,840,335	-0.7%

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

335

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

$1,393,527

Total Directors

$1,440,255

Key Employees

$1,567,587

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
General Lester Lyles US Air Force	Chair, Board of Trustees	3.0	Officer Director	$43,250	$0	$43,250
Jeffrey Isaacson	President and CEO	42.5	Officer Director	$857,043	$166,076	$1,023,119
Dr Berrien Moore III	Board of Trustees Member	3.0	Director	$50,800	$0	$50,800
Dr Brian Gilchrist	Board of Trustees Member	3.0	Director	$50,300	$0	$50,300
Dr Christopher J Damaren	Board of Trustees Member	3.0	Director	$0	$0	$0
Dr Daniel E Hastings	Board of Trustees Member	3.0	Director	$26,250	$0	$26,250
Dr Elizabth A Lada	Board of Trustees Member	3.0	Director	$18,050	$0	$18,050
Dr Jed Hancock	Board of Trustees Member	3.0	Director	$0	$0	$0
Dr Joan Ramage Macdonald Macdonald	Board of Trustees Member	3.0	Director	$24,650	$0	$24,650
Dr John A Montgomery	Board of Trustees Member	3.0	Director	$26,950	$0	$26,950
Dr Kathleen C Howell	Board of Trustees Member	3.0	Director	$27,900	$0	$27,900
Dr Richard Ambrosi	Board of Trustees Member	3.0	Director	$0	$0	$0
Dr Robert McCoy	Board of Trustees Member	3.0	Director	$27,700	$0	$27,700
Dr Sean C Solomon	Board of Trustees Member	3.0	Director	$22,504	$0	$22,504
Dr Truell Hyde	Board of Trustees Member	3.0	Director	$16,600	$0	$16,600
Dr Wayne A Scales	Board of Trustees Member	3.0	Director	$26,900	$0	$26,900
Maj Gen William N McCasland Ret	Board of Trustees Member	3.0	Director	$21,300	$0	$21,300
Ms Kim Williams Ret	Board of Trustees Member	3.0	Director	$33,982	$0	$33,982
Ms Lesa B Roe	Board of Trustees Member	3.0	Director	$0	$0	$0
Todd D Bidwell	VP, Finance and Admin, CFO	44.0	Officer	$292,823	$34,335	$327,158
David G Bell	Director, NAMS AND RIACS	59.0	Key Emp	$382,130	$44,803	$426,933
Lisa R Gaddis	Director, LPI	47.9	Key Emp	$321,716	$14,283	$335,999
Richard Verbus	Director, Low Gravity Sciences	40.0	Key Emp	$212,791	$20,724	$233,515
Walter S Kiefer	Director, LPI	41.0	Key Emp	$185,015	$28,405	$213,420
William T Reach	Director, SOFIA	43.5	Key Emp	$315,779	$41,941	$357,720
Bernard Seery	VP, Science and Technology	42.0	Highest	$424,468	$18,166	$442,634
Carol L Kory	VP, Program Dev & Univ Engage	53.9	Highest	$340,872	$13,840	$354,712
Davide Venturelli	Assoc Director, Quantum	40.4	Highest	$266,107	$38,874	$304,981
Elizabeth A Barker	Assoc Director, Science	40.0	Highest	$252,842	$29,827	$282,669
Tonya T Stephens	VP, Human Resources, CHRO	51.4	Highest	$258,231	$30,055	$288,286

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	$64,186,525	$66,445,820	$45,872,605	$-2,259,295
2023	$69,564,440	$77,404,775	$47,481,085	$-7,840,335
2022	$111,291,044	$110,656,456	$61,609,902	$634,588
2021	$147,588,502	$146,017,890	$66,030,846	$1,570,612
2020	$149,553,675	$147,205,132	$66,653,965	$2,348,543
2019	$160,875,605	$158,039,086	$65,647,838	$2,836,519
2018	$162,431,532	$160,765,830	$60,627,479	$1,665,702

Universities Space Research Association