KENT STATE UNIVERSITY RESEARCH CORP (EIN 832006222) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Lisa Reifsnyder

Phone

3306728622

Tax Period

2024-07-01 to 2025-06-30

KENT STATE UNIVERSITY RESEARCH CORP, founded in 2019, is a small nonprofit in the Education sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $259K, a strong 81% operating margin.

Mission

Kent State University Research Corporation was formed to receive, hold, invest, manage and administer intellectual, personal and real property, and to sponsor and promote research for the benefit of Kent State University.

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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 $44,517

Program Service Revenue $250,148

Investment Income $24,491

Other Revenue $0

TOTAL REVENUE $319,156

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,306

Other Expenses $53,335

TOTAL EXPENSES $60,335

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,156	$263,379	+0.2%
Expenses	$60,335	$142,796	-0.6%
Net Income	$258,821	$120,583	+1.1%

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

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

$653,850

Total Directors

$653,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Delahanty	PresidentCEOBoard Chair	0.40	Officer Director	$0	$23,822	$290,972
Lisa Reifsnyder	vice chair sectreas	0.40	Officer Director	$0	$23,822	$234,495
Michael Kavulic	COO	0.40	Officer Director	$0	$8,982	$128,383
Albert Green	Director	0.40	Director	$0	$0	$0
Steve Schmidt	Director	0.40	Director	$0	$0	$0
Tom Wilke	Director	0.40	Director	$0	$0	$0
Eric Helmstedter	Director	0.40	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
2025	$319,156	$60,335	$1,229,011	$258,821
2024	$263,379	$142,796	$941,336	$120,583
2023	$316,581	$92,332	$821,724	$224,249
2022	$770,027	$173,523	$596,504	$596,504

KENT STATE UNIVERSITY RESEARCH CORP