GEORGIA TECH RESEARCH CORPORATION (EIN 580603146) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

ROBERT FOY

Phone

4048944819

Tax Period

2022-07-01 to 2023-06-30

GEORGIA TECH RESEARCH CORPORATION is a 501(c)(3) with EIN 580603146, based in ATLANTA, GA. Founded in 1937, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $431,842,324 in total revenue and $418,940,505 in total expenses, with net assets of $81,365,592.

Mission

GEORGIA TECH RESEARCH CORPORATION ADVANCES RESEARCH AND TECHNOLOGICAL DEVELOPMENT AT GEORGIA TECH AS IT CONTINUALLY SEEKS TO ADVANCE SOCIETY AND THE GLOBAL COMPETITIVENESS OF GEORGIA AND THE NATION. GTRC SUPPORTS AND PROMOTES RESEARCH THROUGH ITS STEWARDSHIP OF THE FUNDS FOR SPONSORED RESEARCH AND FINANCIAL SUPPORT OF RESEARCH ACTIVITIES. GTRC EMBODIES GEORGIA TECH'S FOUNDING SPIRIT OF ENTREPRENEURSHIP AND FOCUS ON THE APPLICATIONS OF ENGINEERING, SCIENCE AND TECHNOLOGY TO THE CREATION OF MEANINGFUL NEW IDEAS, METHODS, AND OPPORTUNITIES. THROUGH TECHNOLOGY TRANSFER, GTRC ENABLES THE INSTITUTE TO MAINTAIN BENEFICIAL PARTNERSHIPS WITH PUBLIC AND PRIVATE SECTORS IN RESEARCH AND TECHNOLOGY TO ASSURE THE BENEFITS OF DISCOVERY ARE WIDELY DISSEMINATED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,379,382

Program Service Revenue $415,300,495

Investment Income $1,613,731

Other Revenue $10,548,716

TOTAL REVENUE $431,842,324

Expense Breakdown

Grants Paid $9,834,221

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $416,469,111

Other Expenses $409,106,284

TOTAL EXPENSES $418,940,505

Year-over-Year Comparison

	2022	2021	Change
Revenue	$431,842,324	$394,284,432	+0.1%
Expenses	$418,940,505	$379,540,022	+0.1%
Net Income	$12,901,819	$14,744,410	-0.1%

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

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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

$4,011,277

Total Directors

$1,558,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAOUKI ABDALLAH	PRESIDENT	1.00	Officer Director	$0	$89,177	$506,911
JOHN BARNARD	TRUSTEE	0.50	Director	$0	$0	$0
MICHELLE CHRISTY	TRUSTEE	0.50	Director	$0	$0	$0
KELLY FOX	TRUSTEE	1.00	Director	$0	$46,547	$426,432
SCOTT FRANK	TRUSTEE	0.50	Director	$0	$0	$0
DAVID GARRISON	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH MASSARONI	TRUSTEE	0.50	Director	$0	$0	$0
THERESA MAYER	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$56,819	$625,172
DEB OLIVER	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS SAYLOR	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT STARGEL	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT FOY	INTERIM GENERAL MANAGER	20.00	Officer	$0	$62,882	$277,907
MARY SUSAN LOZIER	SECRETARY	1.00	Officer	$0	$46,528	$432,440
ALBERT CONCORD	FACILITY SECURITY OFFICER	1.00	Officer	$0	$41,409	$240,680
NEIL VITRO	ASST SEC & ASST TREASURER	20.00	Officer	$0	$60,997	$228,954
BRUCE HENRY	ASST SEC & ASST TREASURER	16.00	Officer	$0	$59,551	$193,560
JAMES FORTNER	TREASURER, ASSISTANT SECRETARY	1.00	Officer	$0	$85,775	$370,657
RAGHUPATHY SIVAKUMAR	ASST SEC & ASST TREASURER	1.00	Officer	$0	$55,730	$432,337
KEVIN WOZNIAK	ASSISTANT SECRETARY	16.00	Officer	$0	$46,877	$249,448
CYNTHIA HOPE	VICE PRESIDENT AND ASST SECRETARY	40.00	Officer	$0	$32,814	$281,176
JOHN KINGTON	ASSISTANT SECRETARY	1.00	Officer	$0	$35,630	$167,309
TANESHA STEWARD	ASSISTANT SECRETARY	1.00	Officer	$0	$42,309	$172,601
DANA SIMPSON	ASSISTANT SECRETARY UNTIL NOV '22	40.00	Officer	$0	$52,639	$206,780
SOPHIA HERBERT-PETERSON	ASSISTANT SECRETARY	1.00	Officer	$0	$45,328	$250,517
STEPHEN CROSS	FORMER PRESIDENT	1.00		$0	$0	$158,423
REBECCA CARAVATI	FORMER VICE PRES AND GENERAL MGR	20.00		$0	$0	$82,714

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	No data	No data	No data	No data
2023	$431,842,324	$418,940,505	$331,557,866	$12,901,819
2022	$394,284,432	$379,540,022	$330,106,469	$14,744,410
2021	$344,901,970	$332,351,380	$176,132,447	$12,550,590
2020	$330,618,954	$329,196,917	$148,330,156	$1,422,037
2019	$343,861,770	$342,271,856	$141,486,195	$1,589,914
2018	$329,429,117	$325,413,224	$138,158,314	$4,015,893

GEORGIA TECH RESEARCH CORPORATION