UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC (EIN 592729133) - 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

1986

Legal Domicile

Principal Officer

DR DAVID P NORTON

Phone

3523925221

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $49.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $54.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ASSIST THE UNIVERSITY OF FLORIDA IN FUNDING OF RESEARCH & DEVELOPMENT THROUGH GRANTS & CONTRACTUAL ARRANGEMENTS & IN THE COMMERCIALIZATION OF INTELLECTUAL PROPERTIES, WHICH INCLUDE INVENTIONS, DISCOVERIES, PROCESSES, & WORK PRODUCTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,313,926

Investment Income $683,101

Other Revenue $35,119,713

TOTAL REVENUE $49,116,740

Expense Breakdown

Grants Paid $12,478,468

Salaries & Benefits $5,092,366

Fundraising Expenses $0

Program Expenses $52,612,803

Other Expenses $36,781,166

TOTAL EXPENSES $54,352,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,116,740	$45,326,504	+0.1%
Expenses	$54,352,000	$47,445,635	+0.1%
Net Income	$-5,235,260	$-2,119,131	+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

Governance

Voting Members

Independent Members

Employees

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

$1,694,894

Total Directors

$8,405,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID P NORTON	PRESIDENT/CHAIR	10.00	Officer Director	$109,893	$57,516	$497,087
BRAD BENNETT	AUDIT COMMITTEE CHAIR	1.00	Director	$0	$0	$0
FORREST MASTERS	BOARD MEMBER	1.00	Director	$0	$58,533	$491,552
MARY WATT	BOARD MEMBER AS OF 10/1/24	1.00	Director	$0	$53,028	$374,135
SABY MITRA	BOARD MEMBER	1.00	Director	$0	$58,601	$616,491
DAVID NELSON	BOARD MEMBER	1.00	Director	$0	$59,881	$1,666,139
WESLEY KENT FUCHS	BOARD MEMBER	1.00	Director	$0	$207,032	$995,751
JOSEPH GLOVER	BOARD MEMBER AS OF 9/6/24	1.00	Director	$0	$58,423	$585,365
CAROLYN K ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDI RENTON	BOARD MEMBER AS OF 8/2/24	1.00	Director	$0	$53,623	$340,568
SCOTT ANGLE	BOARD MEMBER	1.00	Director	$0	$57,181	$637,576
DAVID KRATZER	BOARD MEMBER UNTIL 8/1/24	1.00	Director	$0	$41,005	$457,056
BEN SASSE	BOARD MEMBER UNTIL 8/1/24	1.00	Director	$0	$144,019	$1,312,303
ROBERT GILBERT	BOARD MEMBER UNTIL 8/1/24	1.00	Director	$0	$59,078	$431,924
JULIE RHEE	SECRETARY/FINANCE DIRECTOR	25.00	Officer	$82,351	$31,112	$195,814
GEORGE KOLB	TREASURER	1.00	Officer	$0	$55,979	$271,231
STEPHANIE GRAY	ASST. VP OF SPONSORED PROGRAMS	1.00	Officer	$0	$48,966	$287,523
JAMES F O'CONNELL	ASST. VP TECHNOLOGY LICENSING	50.00	Officer	$375,344	$67,895	$443,239
HENRICA LICHTENBELD	ASST. DIR. LICENSING OFFICE	50.00	Highest	$136,927	$41,342	$178,269
ANITA RAO	DIR. OF UF INNOVATE PATHWA	50.00	Highest	$149,127	$36,283	$185,410
WILSON LEONARD TERRY	ASST. DIR. LICENSING OFFICE	50.00	Highest	$137,175	$40,742	$177,917
MELISSA HIRSCH KUCHMA	ASST. DIR. LICENSING OFFICE	50.00	Highest	$132,323	$45,104	$177,427
JACKSON STREETER	DIR. OF UF INNOVATE	50.00	Highest	$189,925	$50,054	$239,979

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	$49,116,740	$54,352,000	$132,128,503	$-5,235,260
2024	$45,326,504	$47,445,635	$136,829,768	$-2,119,131
2023	$50,936,738	$49,536,773	$139,930,356	$1,399,965
2022	$51,975,726	$47,775,744	$137,434,507	$4,199,982
2021	$46,757,527	$44,980,877	$131,218,099	$1,776,650
2020	$48,919,573	$48,916,640	$171,669,158	$2,933
2019	$86,019,460	$81,566,230	$175,277,948	$4,453,230
2018	$36,064,430	$31,979,313	$125,326,462	$4,085,117

UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC