RESEARCH PARK CORPORATION

EIN: 582087281 501(c)(3) Community Improvement

BATON ROUGE, LA

Total Revenue
$3,200,845
Total Expenses
$3,899,234
Total Assets
$20,374,616
Net Assets
$19,045,341
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
LA
Principal Officer
CALVIN MILLS
Phone
2252181100
Tax Period
2023-01-01 to 2023-12-31

RESEARCH PARK CORPORATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

RESEARCH PARK CORPORATION WAS ORGANIZED TO ATTRACT INDUSTRIES TO BATON ROUGE AND THE STATE OF LOUISIANA. THE ORGANIZATION'S MISSION IS TO ACCELERATE THE GROWTH OF HIGH-POTENTIAL TECHNOLOGY ENABLED COMPANIES BY PROVIDING THEM WITH COACHING, CAPITAL AND CONNECTIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,803,477
Program Service Revenue $257,846
Investment Income $1,112,568
Other Revenue $26,954
TOTAL REVENUE $3,200,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,325,145
Fundraising Expenses $60,000
Program Expenses $3,094,383
Other Expenses $2,574,089
TOTAL EXPENSES $3,899,234

Year-over-Year Comparison

2023 2022 Change
Revenue $3,200,845 $2,578,258 +0.2%
Expenses $3,899,234 $2,859,029 +0.4%
Net Income $-698,389 $-280,771 +1.5%
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
12
Independent Members
12
Employees
15
Volunteers
174

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
$416,852
Total Directors
13
$175,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MICHAEL STUBBLEFIELD DIRECTOR 0.50
Director
$0 $0 $0
ANITA TILLMAN CHAIRMAN 0.50
Officer Director
$0 $0 $0
ISAAC THOMAS DIRECTOR 0.50
Director
$0 $0 $0
CALVIN MILLS JR INTERIM PRESIDENT & CEO 40.00
Officer Director
$175,000 $0 $175,000
ROSS REILLY DIRECTOR 0.50
Director
$0 $0 $0
ANITA BYRNE VICE CHAIR 0.50
Officer Director
$0 $0 $0
TREY GODFREY DIRECTOR 0.50
Director
$0 $0 $0
TERRY LANDRY DIRECTOR 0.50
Director
$0 $0 $0
TEDRA CHEATHAM DIRECTOR 0.50
Director
$0 $0 $0
DR ROBERT TWILLEY DIRECTOR 0.50
Director
$0 $0 $0
DR WILLIE SMITH SR DIRECTOR 0.50
Director
$0 $0 $0
MONETTE DAVIS DIRECTOR 0.50
Director
$0 $0 $0
MACKENZIE RODRIGUEZ DIRECTOR 0.50
Director
$0 $0 $0
FREDERICK STEPHEN LOY EXECUTIVE DIRECTOR 40.00
Officer
$189,730 $52,122 $241,852
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 $3,200,845 $3,899,234 $20,374,616 $-698,389
2022 $2,578,258 $2,859,029 $18,588,963 $-280,771
2021 $2,708,171 $2,710,136 $23,461,803 $-1,965
2020 $1,752,843 $2,681,608 $21,378,885 $-928,765
2019 $2,450,709 $2,767,253 $20,354,268 $-316,544
2018 $3,100,249 $3,383,540 $18,145,436 $-283,291
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