AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC (EIN 581418202) - Form 990 Financial Analysis & Trantor Score

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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

1980

Legal Domicile

Principal Officer

CHRIS MCKINNEY

Phone

7067212592

Tax Period

2023-07-01 to 2024-06-30

AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $95.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO OBTAIN FUNDS FOR AUGUSTA UNIVERSITY (AU) FOR RESEARCH, DEVELOPMENT, AND OTHER PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $94,621,065

Program Service Revenue $15,737

Investment Income $205,628

Other Revenue $334,863

TOTAL REVENUE $95,177,293

Expense Breakdown

Grants Paid $89,475,939

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,741,918

Other Expenses $8,503,431

TOTAL EXPENSES $97,979,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,177,293	$85,396,484	+0.1%
Expenses	$97,979,370	$83,371,484	+0.2%
Net Income	$-2,802,077	$2,025,000	-2.4%

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

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

$2,949,324

Total Directors

$3,565,749

Key Employees

$252,669

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BROOKS KEEL CHAIR	PRESIDENT, EX-OFFICIO VOTING	1.00	Officer Director	$0	$343,958	$1,247,656
DR MICHAEL DIAMOND	VICE CHAIR, EX-OFFICIO VOTING	1.00	Officer Director	$0	$43,208	$500,719
DR DUSTIN AVENT-HOLT	PROFESSOR, VOTING	1.00	Director	$0	$35,198	$108,809
DRRICK RICHARDS	CHAIRMAN, VOTING	1.00	Officer Director	$0	$0	$0
DR NEIL MACKINNON	TREASURER, EX-OFFICIO, VOTING	1.00	Officer Director	$0	$80,524	$490,170
DR RUDOLF LUCAS	PROFESSOR, VOTING	1.00	Director	$0	$32,166	$173,419
DR JORGE CORTES	SECRETARY, VOTING	1.00	Officer Director	$0	$48,613	$710,779
DR ANDREW BALAS	PROFESSOR, VOTING	1.00	Director	$0	$22,612	$201,762
DR LORI BOLGLA	PROFESSOR - VOTING	1.00	Director	$0	$16,855	$132,435
MR JASON GUILBEAULT	EX-OFFICIO - NON VOTING	1.00	Key Emp	$0	$52,110	$252,669
DR WENDY BOLLAG	FORMER VOTING MEMBER	1.00		$0	$12,773	$148,827
DR MANUELA BARTOLI	FORMER VOTING MEMBER	1.00		$0	$29,264	$216,728
DR DAVID MATTSON	FORMER VOTING MEMBER	1.00		$0	$41,740	$351,077

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	$95,177,293	$97,979,370	$27,613,810	$-2,802,077
2023	$85,396,484	$83,371,484	$25,123,090	$2,025,000
2022	$80,266,513	$78,270,820	$21,382,894	$1,995,693
2021	$78,188,593	$75,891,088	$19,929,017	$2,297,505
2020	$66,646,399	$65,943,506	$17,324,744	$702,893
2019	$61,433,691	$60,210,072	$14,292,246	$1,223,619

AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC