UNIVERSITY ECONOMIC DEVELOPMENT AS… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

TERESA OROK

Phone

7037887713

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 1976, is a small nonprofit that reported $547K in total revenue in fiscal year 2024. Expenses of $511K left a modest 7% surplus.

Mission

UEDA SERVES ITS MEMBERS BY PROMOTING KNOWLEDGE AND PRACTICE IN THE REALMS OF TALENT, INNOVATION, AND PLACE AS DRIVERS OF REGIONAL PROSPERITY.

Program Service Accomplishments

Program 1

Expenses: $488,804 Revenue: $292,949

THE UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION (UEDA) SERVES ECONOMIC DEVELOPMENT PROFESSIONALS WHO SEEK TO CONNECT WITH INNOVATION ECOSYSTEM BUILDER PARTNERS SUCH AS UNIVERSITIES, COMMUNITY...

THE UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION (UEDA) SERVES ECONOMIC DEVELOPMENT PROFESSIONALS WHO SEEK TO CONNECT WITH INNOVATION ECOSYSTEM BUILDER PARTNERS SUCH AS UNIVERSITIES, COMMUNITY COLLEGES, AND OTHER PRACTITIONERS TO LEARN BEST PRACTICES, GAIN RECOGNITION FOR THEIR WORK, AND BETTER COMMUNICATE THEIR ORGANIZATION'S VITAL IMPACT IN BUILDING AN INCLUSIVE ECONOMIC ECOSYSTEM FOR THEIR COMMUNITY.

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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 $251,847

Program Service Revenue $292,949

Investment Income $1,835

Other Revenue $0

TOTAL REVENUE $546,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $488,804

Other Expenses $510,556

TOTAL EXPENSES $510,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$546,631	$546,602	+0.0%
Expenses	$510,556	$522,500	0.0%
Net Income	$36,075	$24,102	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SACHSE	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
TERESA OROK	CHAIR	1.00	Officer Director	$0	$0	$0
CAROL STEWART	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JULI GOLEMI	TREASURER	1.00	Officer Director	$0	$0	$0
MARGO FLISS	SECRETARY	1.00	Officer Director	$0	$0	$0
MELODY FLOWERS	MEMBER	1.00	Director	$0	$0	$0
JENNY MIZUTOWICZ	MEMBER	1.00	Director	$0	$0	$0
TYLER REINAGEL	MEMBER	1.00	Director	$0	$0	$0
MARY FRANCES POSTUPACK	MEMBER	1.00	Director	$0	$0	$0
LENORE VANDERZEE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TONYA WITHERSPOON	MEMBER	1.00	Director	$0	$0	$0
BRUCE HUNTER	MEMBER	1.00	Director	$0	$0	$0
SANDRA MARIN RUIZ	MEMBER	1.00	Director	$0	$0	$0
LESLIE SIECK	MEMBER	1.00	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	$546,631	$510,556	$203,384	$36,075
2023	$546,602	$522,500	$177,433	$24,102
2022	$490,532	$545,751	$212,839	$-55,219
2021	$315,305	$308,241	$96,306	$7,064
2020	$268,961	$262,395	$89,884	$6,566
2019	$214,684	$253,339	$83,318	$-38,655
2018	$287,717	$297,659	$121,973	$-9,942

UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INC