GEORGIA TECH APPLIED RESEARCH CORPORATION (EIN 582374837) - 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

1998

Legal Domicile

Principal Officer

ROBERT FOY

Phone

4048944819

Tax Period

2022-07-01 to 2023-06-30

GEORGIA TECH APPLIED RESEARCH CORPORATION is a 501(c)(3) with EIN 582374837, based in ATLANTA, GA. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $832,626,634 in total revenue and $823,570,080 in total expenses, with net assets of $80,110,006.

Mission

THE MISSION OF THE GEORGIA TECH APPLIED RESEARCH CORPORATION (GTARC) IS TO PROVIDE EFFICIENT AND EFFECTIVE CONTRACTING, GRANT, AND RESEARCH ADMINISTRATION SERVICES FOR THE GEORGIA TECH RESEARCH INSTITUTE (GTRI), A NON-PROFIT RESEARCH ARM OF THE GEORGIA INSTITUTE OF TECHNOLOGY. GTARC PROVIDES BUSINESS MANAGEMENT SERVICES FOR GTRI AS IT CONDUCTS FOCUSED PROGRAMS OF INNOVATIVE RESEARCH, TECHNICAL ASSISTANCE, AND ECONOMIC DEVELOPMENT THAT ADVANCE THE GLOBAL COMPETITIVENESS OF GEORGIA, THE SOUTHEAST REGION, AND THE NATION. GTARC SERVES AS THE SOLE CONTRACTING ENTITY FOR GTRI.

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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 $0

Program Service Revenue $824,271,411

Investment Income $1,605,066

Other Revenue $6,750,157

TOTAL REVENUE $832,626,634

Expense Breakdown

Grants Paid $4,567,516

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $819,121,859

Other Expenses $819,002,564

TOTAL EXPENSES $823,570,080

Year-over-Year Comparison

	2022	2021	Change
Revenue	$832,626,634	$705,926,938	+0.2%
Expenses	$823,570,080	$684,464,528	+0.2%
Net Income	$9,056,554	$21,462,410	-0.6%

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

$3,868,048

Total Directors

$1,257,259

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAOUKI T ABDALLAH	PRESIDENT, TRUSTEE	1.00	Director	$417,734	$89,177	$506,911
KELLY FOX	TRUSTEE	1.00	Director	$379,885	$46,547	$426,432
TROY LITTLES	TRUSTEE	1.00	Director	$294,224	$29,692	$323,916
ROBIN BIENFAIT	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT FOUSE	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT FRANK	TRUSTEE	0.50	Director	$0	$0	$0
PATRICK KELLY	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH MASSARONI	TRUSTEE	0.50	Director	$0	$0	$0
LING-LING NIE	TRUSTEE	0.50	Director	$0	$0	$0
LESLIE SIBERT	TRUSTEE	0.50	Director	$0	$0	$0
REBECCA E WEIRICK	TRUSTEE	0.50	Director	$0	$0	$0
EARL C WYATT	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT FOY	INTERIM GENERAL MANAGER	20.00	Officer	$215,025	$62,882	$277,907
JAMES HUDGENS	SECRETARY	1.00	Officer	$534,313	$57,972	$592,285
ALBERT CONCORD	FACILITY SECURITY OFFICER	1.00	Officer	$199,271	$41,409	$240,680
CYNTHIA HOPE	VICE PRESIDENT & ASST SEC	40.00	Officer	$248,362	$32,814	$281,176
KIM TOATLEY	TREASURER	1.00	Officer	$253,419	$58,867	$312,286
NEIL VITRO	ASST SEC & ASST TREASURER	20.00	Officer	$167,957	$60,997	$228,954
BRUCE HENRY	ASST SEC & ASST TREASURER	16.00	Officer	$134,009	$59,551	$193,560
JAMES FORTNER	ASST SEC & ASST TREASURER	1.00	Officer	$284,882	$85,775	$370,657
KEVIN WOZNIAK	ASSISTANT SECRETARY	16.00	Officer	$202,571	$46,877	$249,448
DANA SIMPSON	ASSISTANT SECRETARY UNTIL NOV '22	40.00	Officer	$154,141	$52,639	$206,780
TANESHA STEWARD	ASSISTANT SECRETARY	1.00	Officer	$130,292	$42,309	$172,601
SOPHIA HERBERT-PETERSON	ASSISTANT SECRETARY	1.00	Officer	$205,189	$45,328	$250,517
ROMY SMITH	ASSISTANT SECRETARY	1.00	Officer	$206,905	$57,770	$264,675
ROBERTA BURKE	ASSISTANT SECRETARY	1.00	Officer	$205,738	$20,784	$226,522
STEPHEN CROSS	FORMER PRESIDENT	1.00		$158,423	$0	$158,423

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	$832,626,634	$823,570,080	$355,628,608	$9,056,554
2022	$705,926,938	$684,464,528	$314,724,771	$21,462,410
2021	$634,160,368	$623,644,120	$189,895,321	$10,516,248
2020	$564,463,170	$556,343,952	$163,481,668	$8,119,218
2019	$490,735,434	$483,572,717	$131,959,517	$7,162,717
2018	$428,255,526	$424,112,124	$115,156,357	$4,143,402

GEORGIA TECH APPLIED RESEARCH CORPORATION