FLORIDA ATLANTIC UNIVERSITY RESEARCH CORPORATION INC

EIN: 650267991 501(c)(3)

BOCA RATON, FL

Total Revenue
$270,095
Total Expenses
$230,856
Total Assets
$660,588
Net Assets
$660,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $230,856 Revenue: $161,207

PROMOTE, ENCOURAGE AND ASSIST RESEARCH ACTIVITIES OF FACULTY, STAFF AND STUDENTS THROUGH INCOME DERIVED FROM, OR RELATED TO, THE USE, DEVELOPMENT AND APPLICATION OF UNIVERSITY WORK.

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$865,268
Total Directors
6
$1,866,385
Key Employees
0
$0
Highest Compensated
0
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
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