UCAR EXCHANGE

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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

STEVE BERENS

Phone

3034978575

Tax Period

2023-10-01 to 2024-09-30

UCAR EXCHANGE, founded in 1986, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $828K exceeded revenue, resulting in a 215% operating deficit.

Mission

TO ASSUME AND FOSTER CERTAIN CHARITABLE ACTIVITIES OF THE UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH (UCAR). THESE INCLUDE DEVELOPMENT OF SCIENTIFIC INNOVATIONS, RELATED RESEARCH, AND APPLICATION OF SCIENTIFIC ADVANCES FOR THE BENEFIT OF THE GENERAL PUBLIC. ONE OF THE OBJECTIVES OF THE EXCHANGE IS TO PURSUE OPPORTUNITIES TO DEVELOP AND LICENSE SCIENTIFIC AND ENGINEERING ADVANCES GENERATED BY UCAR'S RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $792,595 Revenue: $0

SUPPORT, PROMOTE AND LICENSE WHEN WARRANTED, SCIENTIFIC AND ENGINEERING RESULTS OF RESEARCH IN THE ATMOSPHERIC SCIENCES.

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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 $0

Program Service Revenue $0

Investment Income $20,817

Other Revenue $241,723

TOTAL REVENUE $262,540

Expense Breakdown

Grants Paid $792,595

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $792,595

Other Expenses $35,636

TOTAL EXPENSES $828,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,540	$1,449,878	-0.8%
Expenses	$828,231	$3,978,804	-0.8%
Net Income	$-565,691	$-2,528,926	-0.8%

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

$1,153,820

Total Directors

$650,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIO BUSALACCHI	DIRECTOR/UCAR PRESIDENT	1.00	Officer Director	$0	$47,037	$650,436
ERIKA SMITH	TREASURER (THRU 12/23)	0.25	Officer	$0	$41,174	$293,903
MICHAEL ANDERSON	GENERAL COUNSEL/SECRETARY	1.00	Officer	$0	$25,300	$209,481
STEVE BERENS	PRESIDENT AND CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN YOUNG	TREASURER (AS OF 1/24)	0.25	Officer	$0	$0	$0
CARLOS CRUZ ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
SHUYI CHEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHAN RECKIE	DIRECTOR	1.00	Director	$0	$0	$0
DR ROBERT SERAFIN	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE STRAGAND	DIRECTOR	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	$262,540	$828,231	$4,311,638	$-565,691
2023	$1,449,878	$3,978,804	$4,877,329	$-2,528,926
2022	$6,460,633	$185,018	$7,406,255	$6,275,615
2021	$409,416	$247,753	$1,136,917	$161,663
2020	$417,313	$30,256	$1,067,915	$387,057
2019	$156,898	$79,171	$751,600	$77,727