THE UAB RESEARCH FOUNDATION

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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

1987

Legal Domicile

Principal Officer

KATHY NUGENT

Phone

2059756068

Tax Period

2023-10-01 to 2024-09-30

THE UAB RESEARCH FOUNDATION, founded in 1987, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 18% operating margin.

Mission

FOUNDATION ASSISTS IN THE IMPLEMENTATION OF THE PATENT POLICY AT THE UNIVERSITY, INCLUDING, BUT NOT LIMITED TO, ASSISTING IN THE RECEIPT AND DISSEMINATION OF MATERIALS, COMPOUNDS AND BIOLOGICAL SUBSTANCES USED IN UNIVERSITY RESEARCH PROJECTS AND EVALUATING THE COMMERCIAL POTENTIAL OF INVENTIONS CREATED BY UNIVERSITY EMPLOYEES AND STUDENTS AND THE PATENTABILITY AND APPLICABILITY OF OTHER PROTECTIONS WITH RESPECT TO SUCH INVENTIONS. NECESSARY TO THIS EDUCATIONAL MISSION IS THE PROVISION OF OUTSTANDING MEDICAL CARE AND SERVICES AND THE ENHANCEMENT OF NEW KNOWLEDGE THROUGH CLINICAL AND BASIC BIOMEDICAL RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $5,495,852 Revenue: $7,294,677

THE FOUNDATION REVIEWS INVENTION DISCLOSURES SUBMITTED AT UAB AND INITIATES DOMESTIC AND FOREIGN PATENT FILINGS WHEN APPROPRIATE. THE FOUNDATION NEGOTIATES, MANAGES, AND MONITORS RESEARCH, OPTION...

THE FOUNDATION REVIEWS INVENTION DISCLOSURES SUBMITTED AT UAB AND INITIATES DOMESTIC AND FOREIGN PATENT FILINGS WHEN APPROPRIATE. THE FOUNDATION NEGOTIATES, MANAGES, AND MONITORS RESEARCH, OPTION, AND LICENSING AGREEMENTS WITH OUTSIDE PARTIES ON BEHALF OF UAB.

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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 $895

Program Service Revenue $667,105

Investment Income $0

Other Revenue $6,627,572

TOTAL REVENUE $7,295,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,495,995

Fundraising Expenses $0

Program Expenses $5,495,852

Other Expenses $4,491,495

TOTAL EXPENSES $5,987,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,295,572	$6,912,834	+0.1%
Expenses	$5,987,490	$5,687,871	+0.1%
Net Income	$1,308,082	$1,224,963	+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

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

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

$2,726,180

Total Directors

$7,316,134

Key Employees

$215,702

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY L WATTS	PRESIDENT/BOARD MEMBER	1.0	Officer Director	$0	$212,341	$1,346,310
Anupam Agarwal MD	Brd mbr/Ex officio	1.0	Director	$0	$187,782	$1,323,878
FINIS E ST JOHN IV	BRD MBR/EX OFF (UNTIL 04/24)	1.0	Director	$0	$129,057	$1,248,060
SID J TRANT	BOARD MEMBER(BEGIN 04/2024)	1.0	Director	$0	$77,735	$696,684
BRIAN D BURNETT	FORMER TREASURER	0.0		$0	$88,854	$612,272
THOMAS I BRANNAN	SECRETARY/BOARD MEMBER	1.0	Officer Director	$0	$111,561	$571,216
CHRISTOPHER BROWN	VP/BOARD MEMBER	1.0	Officer Director	$0	$94,681	$503,958
JEFFREY W HOLMES	BOARD MEMBER	1.0	Director	$0	$71,904	$492,024
ANDY BUTLER	BOARD MEMBER	1.0	Director	$0	$93,741	$452,954
STEPHANIE MULLINS	BOARD MEMBER	1.0	Director	$0	$66,360	$441,057
KATHY L NUGENT	EXECUTIVE DIRECTOR	40.0	Officer	$0	$63,171	$304,696
Christopher Shook	BOARD MEMBER	1.0	Director	$0	$35,787	$239,093
Karthikeyan Gopalakrishnan	SENIOR DIRECTOR	1.0	Key Emp	$0	$0	$215,702
CHARLES D PERRY	BOARD MEMBER	1.0	Director	$0	$0	$900
GREG J BARKER	BOARD MEMBER	1.0	Director	$0	$0	$0
GREGORY S CURRAN	BOARD MEMBER	1.0	Director	$0	$0	$0
SANJAY SINGH	BOARD MEMBER	1.0	Director	$0	$0	$0
Jason nichols	BOARD MEMBER	1.0	Director	$0	$0	$0
Charitharth Vivek	BOARD MEMBER	1.0	Director	$0	$0	$0
brooke gillis	BOARD MEMBER	1.0	Director	$0	$0	$0
ERIC SCHWIEBERT	BOARD MEMBER (BEGIN 09/2024)	1.0	Director	$0	$0	$0
Abi Kulshreshtha	BOARD MEMBER (UNTIL 03/2024)	1.0	Director	$0	$0	$0

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	$7,295,572	$5,987,490	$18,410,332	$1,308,082
2023	$6,912,834	$5,687,871	$17,143,353	$1,224,963
2022	$6,482,130	$5,279,219	$15,830,728	$1,202,911
2021	$5,771,462	$4,821,554	$14,400,184	$949,908
2020	$5,336,970	$4,800,646	$13,288,110	$536,324
2019	$7,117,206	$6,113,090	$12,749,753	$1,004,116
2018	$6,668,667	$5,121,821	$11,920,140	$1,546,846