MARSHALL UNIVERSITY RESEARCH CORPORATION

EIN: 550683361 501(c)(3) Community Improvement

Huntington, WV

Total Revenue
$61,567,325
Total Expenses
$60,881,644
Total Assets
$69,950,636
Net Assets
$45,421,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
WV
Phone
3046962829
Tax Period
2022-07-01 to 2023-06-30

MARSHALL UNIVERSITY RESEARCH CORPORATION, founded in 1987, is a mid-sized nonprofit in the Community Improvement sector that reported $61.6M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Charitable education and scientific research

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $53,073,293
Program Service Revenue $0
Investment Income $2,939,809
Other Revenue $5,554,223
TOTAL REVENUE $61,567,325

Expense Breakdown

Grants Paid $1,514,164
Salaries & Benefits $31,709,280
Fundraising Expenses $464,687
Program Expenses $57,260,055
Other Expenses $27,658,200
TOTAL EXPENSES $60,881,644

Year-over-Year Comparison

2022 2021 Change
Revenue $61,567,325 $55,976,007 +0.1%
Expenses $60,881,644 $55,779,707 +0.1%
Net Income $685,681 $196,300 +2.5%
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

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Governance

Voting Members
13
Independent Members
4
Employees
771
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
3
$1,912,472
Total Directors
13
$3,964,100
Key Employees
1
$388,514
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brad Smith Chair 0
Officer Director
$0 $517,127 $1,034,254
Avi Mukherjee Vice Chair 0
Officer Director
$0 $321,838 $643,676
David Dampier Board Member 0
Director
$0 $267,441 $534,882
John Maher Board Member 0
Director
$0 $240,994 $481,988
Robert Plymale Associate VP for Economic Dev 37.5
Highest
$204,631 $204,631 $409,262
Charlotte Weber Board Member 37.5
Director Key Emp Highest
$73,640 $194,257 $388,514
Brandi Jacob-Jones Board Member 0
Director
$0 $194,256 $388,512
Andrew Nichols Research Professor 37.5
Highest
$127,609 $127,609 $255,218
Toney Stroud Secretary 0
Officer Director
$0 $117,271 $234,542
Michael Castellani Board Member 0
Director
$0 $99,082 $198,164
Matt Tidd Board Member 0
Director
$0 $29,784 $59,568
Beth Hammers Board Member 0
Director
$0 $0 $0
Chris Plybon Board Member 0
Director
$0 $0 $0
Thomas L Craig Board Member 0
Director
$0 $0 $0
John Hess Board Member 0
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 No data No data No data No data
2024 No data No data No data No data
2023 $61,567,325 $60,881,644 $69,950,636 $685,681
2022 $55,976,007 $55,779,707 $66,524,780 $196,300
2021 $55,595,334 $47,675,471 $66,297,155 $7,919,863
2020 $41,051,738 $44,351,236 $56,401,232 $-3,299,498
2019 $35,572,518 $38,047,343 $51,974,196 $-2,474,825
2018 $33,895,776 $37,742,982 $53,962,761 $-3,847,206
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