OLD DOMINION UNIVERSITY RESEARCH FOUNDATION (EIN 546068198) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

SHANNON ROBINSON

Phone

7576834293

Tax Period

2024-07-01 to 2025-06-30

OLD DOMINION UNIVERSITY RESEARCH FOUNDATION, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $48.3M in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year.

Mission

SERVES AS THE ADMINISTRATIVE AND FISCAL AGENT FOR SPONSORED RESEARCH, TRAINING GRANTS AND OTHER SPONSORED PROGRAMS FOR OLD DOMINION UNIVERSITY, A COMMONWEALTH OF VIRGINIA INSTITUTION OF HIGHER EDUCATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $97,185,675

Investment Income $480,189

Other Revenue $0

TOTAL REVENUE $97,665,864

Expense Breakdown

Grants Paid $18,254,596

Salaries & Benefits $49,848,212

Fundraising Expenses $1,537,727

Program Expenses $87,185,766

Other Expenses $27,382,337

TOTAL EXPENSES $95,485,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$97,665,864	$63,306,336	+0.5%
Expenses	$95,485,145	$64,261,601	+0.5%
Net Income	$2,180,719	$-955,265	-3.3%

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

970

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

$284,267

Total Directors

$3,189,604

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRIAN HEMPHILL	TRUSTEE	1.00	Director	$0	$77,532	$969,195
DR ALFRED ABUHAMAD	TRUSTEE	1.00	Director	$0	$52,227	$513,419
MR CHAD REED	TRUSTEE	1.00	Director	$0	$89,556	$576,248
DR KENNETH FRIDLEY	TRUSTEE	1.00	Director	$0	$85,607	$607,594
DR BRIAN PAYNE	TRUSTEE	1.00	Director	$0	$96,446	$523,148
MR DAVID K EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MS KAREN DZUPINKA	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
MS BETSY REILLY	SECRETARY	1.00	Officer Director	$0	$0	$0
MR LARRY KITTELBERGER	TREASURER	1.00	Officer Director	$0	$0	$0
MR JAMES BLACK JR	TRUSTEE	1.00	Director	$0	$0	$0
MS KATHY DONOVAN	TRUSTEE	1.00	Director	$0	$0	$0
MR JIM FUNARI	TRUSTEE	1.00	Director	$0	$0	$0
MR ROBERT KING	TRUSTEE	1.00	Director	$0	$0	$0
MS MARGARET ROOMSBURG	TRUSTEE	1.00	Director	$0	$0	$0
MS MONICA STURGIS	TRUSTEE	1.00	Director	$0	$0	$0
MR SHANNON WALKER	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON ROBINSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$42,642	$284,267
SHEILA FLANAGAN	FIELD OPERATIONS	40.00	Highest	$205,670	$18,147	$223,817
ROBERT BAKER	RESEARCH ASSOCIATE	40.00	Highest	$184,062	$10,245	$194,307
ULF JINNESTRAND	RESEARCH ASSOCIATE	40.00	Highest	$177,570	$10,655	$188,225
JEREMIAH CRONIN	PROGRAM DIRECTOR	40.00	Highest	$160,019	$20,490	$180,509
PAUL OLSEN	PROGRAM DIRECTOR	40.00	Highest	$164,755	$15,267	$180,022

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	$97,665,864	$95,485,145	$57,258,519	$2,180,719
2024	No data	No data	No data	No data
2023	$62,362,675	$63,173,789	$39,975,576	$-811,114
2022	$58,179,251	$58,664,272	$38,694,271	$-485,021
2021	$51,598,508	$50,468,744	$35,170,684	$1,129,764
2020	$50,172,760	$50,234,779	$32,063,990	$-62,019
2019	$51,032,691	$50,331,180	$32,097,910	$701,511
2018	$48,282,504	$48,642,879	$32,063,927	$-360,375

OLD DOMINION UNIVERSITY RESEARCH FOUNDATION