FLORIDA ATLANTIC UNIVERSITY RESEARCH CORPORATION INC (EIN 650267991) - 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

1990

Legal Domicile

Principal Officer

GREGG FIELDS

Phone

5612972640

Tax Period

2023-07-01 to 2024-06-30

FLORIDA ATLANTIC UNIVERSITY RESEARCH CORPORATION INC, founded in 1990, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $231K left a modest 15% surplus.

Mission

PROMOTING, ENCOURAGING AND PROVIDING ASSISTANCE TO THE RESEARCH ACTIVITIES OF FLORIDA ATLANTIC UNIVERSITY'S FACULTY, STAFF, AND STUDENTS.

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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 $90,115

Program Service Revenue $37,900

Investment Income $18,773

Other Revenue $123,307

TOTAL REVENUE $270,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,856

Other Expenses $230,856

TOTAL EXPENSES $230,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,095	$214,283	+0.3%
Expenses	$230,856	$184,551	+0.3%
Net Income	$39,239	$29,732	+0.3%

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

$865,268

Total Directors

$1,866,385

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN ASSEFF	TREASURER	4.00	Officer Director	$0	$0	$152,432
DR KIMBERLY A DUNN	DIRECTOR	1.17	Director	$0	$0	$197,024
JAYSON IROFF	DIRECTOR	1.17	Director	$0	$0	$228,153
STACY VOLNICK	DIRECTOR	1.17	Director	$0	$0	$575,940
DR GREGG B FIELDS	PRESIDENT	1.17	Officer Director	$0	$0	$355,582
DR RUSSELL IVY	INTERIM PROVOST	1.17	Officer Director	$0	$0	$357,254

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	$270,095	$230,856	$660,588	$39,239
2023	$214,283	$184,551	$609,170	$29,732
2022	$222,396	$182,437	$568,436	$39,959
2021	$266,839	$245,779	$637,698	$21,060
2020	$318,691	$358,058	$546,009	$-39,367
2019	$352,679	$285,009	$583,347	$67,670
2018	$424,747	$403,597	$580,184	$21,150

FLORIDA ATLANTIC UNIVERSITY RESEARCH CORPORATION INC