GEORGE MASON RESEARCH FOUNDATION I… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

CLAIRE WURMFELD

Phone

7039935328

Tax Period

2024-07-01 to 2025-06-30

GEORGE MASON RESEARCH FOUNDATION INC, founded in 2001, is a small nonprofit in the Education sector that reported $339K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Net assets of $984K represent 35 months of operating reserves.

Mission

THE MISSION OF THE GEORGE MASON RESEARCH FOUNDATION (GMRF) IS TO SUPPORT AND ADVANCE TRANSLATION OF RESEARCH AND SCIENTIFIC INVESTIGATION AT GEORGE MASON UNIVERSITY. GMRF FULFILLS THIS MISSION BY MANAGING, PROTECTING, AND LICENSING (CONTINUED ON SCHEDULE O) THE UNIVERSITY'S INTELLECTUAL PROPERTY AND BY FACILITATING THE COMMERCIALIZATION OF INNOVATIONS CREATED BY FACULTY, STAFF, AND STUDENTS. GMRF ALSO ADMINISTERS GIFTS, GRANTS, AND CONTRACTS THAT STRENGTHEN AND EXPAND THE UNIVERSITY'S RESEARCH ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $217,494 Revenue: $231,453

THE GEORGE MASON RESEARCH FOUNDATION REVIEWS INVENTIONS FOR PATENTABILITY, FILES AND MANAGES PATENT APPLICATIONS, AND WORKS TO LICENSE DEVICES, TECHNOLOGIES, AND PROCESSES DEVELOPED BY GEORGE MASON...

Program 2

Expenses: $94,269 Revenue: $94,720

THE FOUNDATION RECEIVES, ADMINISTERS, AND DISTRIBUTES CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT THE SCHOLARLY INQUIRY, SCIENTIFIC INVESTIGATION, AND RESEARCH ACTIVITIES OF GEORGE MASON 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 $12,000

Program Service Revenue $326,173

Investment Income $502

Other Revenue $0

TOTAL REVENUE $338,675

Expense Breakdown

Grants Paid $86,936

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,763

Other Expenses $256,777

TOTAL EXPENSES $343,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,675	$3,573,242	-0.9%
Expenses	$343,713	$2,628,296	-0.9%
Net Income	$-5,038	$944,946	-1.0%

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

$1,081,990

Total Directors

$2,306,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRISHANA BOWDEN	DIRECTOR	0.10	Director	$0	$67,755	$657,797
ANDRE MARSHALL	PRESIDENT	0.10	Officer Director	$0	$54,829	$437,140
TERESA KLOCK-TAUBE	DIRECTOR	0.10	Director	$0	$33,481	$313,568
SALEET JAFRI	DIRECTOR	0.10	Director	$0	$45,026	$253,021
DAVID GROSSMAN	VICE PRESIDENT	8.00	Officer Director	$0	$34,804	$227,617
CLAIRE WURMFELD	TREASURER	2.00	Officer Director	$0	$17,011	$214,594
CORINNE HURST	SECRETARY	2.00	Officer Director	$0	$27,424	$108,853
GLORIA GARCIA	SECRETARY	2.00	Officer Director	$0	$25,806	$93,786
DAVID HEYMAN	CHAIR	0.10	Officer Director	$0	$0	$0
GERARD ELDERING	DIRECTOR	0.10	Director	$0	$0	$0
HORACE BLACKMAN	DIRECTOR	0.10	Director	$0	$0	$0
JOHN FRASER	DIRECTOR	0.10	Director	$0	$0	$0
LISA DONNAN	DIRECTOR	0.10	Director	$0	$0	$0
MARY GILLESPIE	DIRECTOR	0.10	Director	$0	$0	$0
NANCY ROSE SENICH	DIRECTOR	0.10	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	$338,675	$343,713	$983,922	$-5,038
2024	No data	No data	No data	No data
2023	$743,075	$769,009	$44,014	$-25,934
2022	$766,365	$860,510	$69,948	$-94,145
2021	$1,562,183	$1,624,721	$164,093	$-62,538
2020	$170,572	$201,521	$270,582	$-30,949
2019	$190,462	$217,478	$239,497	$-27,016
2018	$174,283	$154,894	$296,255	$19,389

GEORGE MASON RESEARCH FOUNDATION INC