NEVADA RESEARCH & INNOVATION CORPORATION

EIN: 813671227 501(c)(3) Education

RENO, NV

Total Revenue
$113,311
Total Expenses
$283,247
Total Assets
$776,997
Net Assets
$418,529
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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
2016
Legal Domicile
NV
Principal Officer
JAMES BEHNKE
Phone
7757844421
Tax Period
2024-07-01 to 2025-06-30

NEVADA RESEARCH & INNOVATION CORPORATION, founded in 2016, is a small nonprofit in the Education sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $283K exceeded revenue, resulting in a 150% operating deficit.

Mission

TO PROMOTE RESEARCH, DISCOVERY, INNOVATION AND TECHNOLOGY TRANSFER AT THE UNIVERSITY OF NEVADA, RENO AND TO EXPEDITE MOVEMENT OF UNIVERSITY RESEARCH DISCOVERIES AND INTELLECTUAL PROPERTY TO THE PRIVATE SECTOR IN A MANNER THAT WILL ENCOURAGE DEVELOPMENT OF PRODUCTS AND SERVICES THAT BENEFIT THE PUBLIC CONSISTENT WITH THE UNIVERSITY'S PUBLIC MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $89,466
Investment Income $0
Other Revenue $23,845
TOTAL REVENUE $113,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $129,062
Other Expenses $283,247
TOTAL EXPENSES $283,247

Year-over-Year Comparison

2024 2023 Change
Revenue $113,311 $157,207 -0.3%
Expenses $283,247 $231,143 +0.2%
Net Income $-169,936 $-73,936 +1.3%
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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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BEHNKE TREASURER 5.00
Officer Director
$0 $0 $0
SARA LAFRANCE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
MICK HITCHCOCK DIRECTOR 1.00
Director
$0 $0 $0
BILL DALLY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MINICK DIRECTOR 1.00
Director
$0 $0 $0
DAVID AUCOIN DIRECTOR 1.00
Director
$0 $0 $0
MANTHI NGUYEN DIRECTOR 1.00
Director
$0 $0 $0
BILL PAYNE DIRECTOR 1.00
Director
$0 $0 $0
SESH COMMURI DIRECTOR 1.00
Director
$0 $0 $0
MRIDUL GAUTAM PHD PRESIDENT 1.00
Officer
$0 $0 $0
KHALED ABUL-HASSAN VP AND SECRETARY 7.50
Officer
$0 $0 $0
GRACE CHOU PHD VP AND SECRETARY (RESIGNED) 7.50
Officer
$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
2025 $113,311 $283,247 $776,997 $-169,936
2024 $157,207 $231,143 $855,361 $-73,936
2023 $281,609 $340,882 $1,074,356 $-59,273
2022 $277,051 $361,167 $801,703 $-84,116
2021 $135,489 $209,598 $652,155 $-74,109
2020 $193,693 $114,060 $587,044 $79,633
2019 $134,532 $98,775 $486,408 $35,757
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