UNIVERSITY OF ARKANSAS TECHNOLOGY DEVELOPMENT FOUNDATION

EIN: 810626998 501(c)(3) Philanthropy & Grantmaking

FAYETTEVILLE, AR

Total Revenue
$2,619,964
Total Expenses
$3,746,812
Total Assets
$18,391,787
Net Assets
$7,676,918
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
AR
Principal Officer
STAN GREEN
Phone
4795758411
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF ARKANSAS TECHNOLOGY DEVELOPMENT FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $838K in total revenue in fiscal year 2019. Expenses of $1.7M exceeded revenue, resulting in a 98% operating deficit.

Mission

SUPPORTING ORGANIZATION TO THE UNIVERSITY OF ARKANSAS, FAYETTEVILLE WITH THE RESPONSIBILITY TO MANAGE, ADMINISTER, AND MAINTAIN THE ARKANSAS RESEARCH TECHNOLOGY PARK (A UNIVERSITY-OWNED SCIENCE AND TECHNOLOGY DEVELOPMENT), ASSISTING ENTREPRENEURIAL UNIVERSITY FACULTY MEMBERS AND OTHERS IN THE TRANSFER OF TECHNOLOGY OR INTELLECTUAL PROPERTY FOR USE IN SOCIETY INCLUDING NEW STARTUP COMPANIES TO IMPROVE THE ECONOMIC BASE OF THE STATE OF ARKANSAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,448,533
Investment Income $171,431
Other Revenue $0
TOTAL REVENUE $2,619,964

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,477
Fundraising Expenses $0
Program Expenses $3,324,803
Other Expenses $3,418,335
TOTAL EXPENSES $3,746,812

Year-over-Year Comparison

2024 2023 Change
Revenue $2,619,964 $2,739,399 0.0%
Expenses $3,746,812 $3,619,982 +0.0%
Net Income $-1,126,848 $-880,583 +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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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
N/A

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN BORDELON DIRECTOR 1.00
Director
$0 $0 $0
CLETE BREWER DIRECTOR 1.00
Director
$0 $0 $0
KIM NEEDY DIRECTOR 1.00
Director
$0 $0 $0
MARGARET SOVA MCCABE DIRECTOR 1.00
Director
$0 $0 $0
MARSHALL SAVIERS DIRECTOR 1.00
Director
$0 $0 $0
STAN GREEN PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN NORTON DIRECTOR 1.00
Director
$0 $0 $0
TERRY MARTIN DIRECTOR 1.00
Director
$0 $0 $0
JAMES SMITH SECRETARY AND LEGAL COUNSE 1.00
Officer
$0 $0 $0
MIKE MALONE FORMER PRESIDENT 40.00
$0 $26,037 $142,497
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 $2,619,964 $3,746,812 $18,391,787 $-1,126,848
2024 $2,739,399 $3,619,982 $18,035,603 $-880,583
2023 $2,295,034 $3,201,523 $18,270,139 $-906,489
2022 $2,093,754 $3,064,468 $18,380,736 $-970,714
2021 $5,155,181 $1,913,112 $18,573,246 $3,242,069
2020 $837,878 $1,663,151 $2,156,207 $-825,273
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