UNIVERSITY RESEARCH FOUNDATION INC (EIN 521218749) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

ERIC HEIDHAUSEN

Phone

3013458664

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY RESEARCH FOUNDATION INC, founded in 1981, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

THE FOUNDATION'S PRIMARY PURPOSE IS RESEARCH AND DEVELOPMENT OF AERONAUTICAL AND AIRCRAFT TECHNOLOGY. THE FOUNDATION IS ASSOCIATED WITH THE UNIVERSITY OF MARYLAND AND UTILIZES THEIR FACILITIES, STAFF AND STUDENTS ON VARIOUS PROJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,924,515

Investment Income $-43,356

Other Revenue $0

TOTAL REVENUE $1,881,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,472,975

Fundraising Expenses $0

Program Expenses $1,595,319

Other Expenses $554,039

TOTAL EXPENSES $2,027,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,881,159	$2,241,663	-0.2%
Expenses	$2,027,014	$2,284,843	-0.1%
Net Income	$-145,855	$-43,180	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$717,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HEIDHAUSEN	PRESIDENT	24.00	Officer	$99,809	$7,290	$189,555
MEHMET C ERTEM	DIRECTOR	16.00	Officer	$40,620	$7,239	$188,919
MELISSA J ALLEN	TREASURER	40.00	Officer	$102,056	$6,732	$175,041
RYAN JONES	ENGINEER	40.00	Highest	$166,835	$0	$166,835
VICE ADMIRAL DAVID ARCHITZEL RET	DIRECTOR	20.00	Officer	$62,113	$4,807	$124,974
ROGER PIERSON	SECRETARY	40.00	Officer	$36,495	$1,398	$38,621

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	No data	No data	No data	No data
2024	$1,881,159	$2,027,014	$2,480,240	$-145,855
2023	$2,241,663	$2,284,843	$2,575,250	$-43,180
2021	$1,616,983	$2,196,759	$2,837,844	$-579,776
2020	$1,825,243	$2,057,181	$3,020,539	$-231,938
2019	$1,746,413	$1,963,240	$3,167,896	$-216,827

UNIVERSITY RESEARCH FOUNDATION INC