COMMONWEALTH CENTER FOR COMMERCIALIZATION INC

EIN: 832425275 501(c)(3)

FRANKFORT, KY

Total Revenue
$43,428
Total Expenses
$14,813,687
Total Assets
N/A
Net Assets
N/A
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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
2018
Legal Domicile
KY
Principal Officer
BRIAN MEFFORD
Phone
5025647670
Tax Period
2019-07-01 to 2020-06-30

COMMONWEALTH CENTER FOR COMMERCIALIZATION INC, founded in 2018, is a micro nonprofit that reported $43K in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $14.8M exceeded revenue, resulting in a 34011% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO SERVE AS A STRATEGIC PARTNER WITH KENTUCKY PUBLIC UNIVERSITIES AND COLLEGES IN AN EFFORT TO TRANSITION IDEAS AND INTELLECTUAL PROPERTY INTO PRODUCTS AND BUSINESSES THROUGH INVESTMENT. THE ORGANIZATION'S ROLES INCLUDE A COMMERCIALIZATION CORE TEAM, DEVELOPMENT OF ROBUST LEGAL RESOURCES FOR BUSINESSES, AN ACCELERATOR AND FEDERAL AND STATE INNOVATION FUND ASSISTANCE. THE MISSION AND OPERATIONS OF THE ORGANIZATION REPRESENT A NATIONAL-MODEL OF STATEWIDE COLLABORATION AND SATISFY THE KENTUCKY INNOVATION ACT STATUTE REGULATIONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $43,428
Other Revenue $0
TOTAL REVENUE $43,428

Expense Breakdown

Grants Paid $300,000
Salaries & Benefits $30,868
Fundraising Expenses $0
Program Expenses $14,790,884
Other Expenses $14,482,819
TOTAL EXPENSES $14,813,687

Year-over-Year Comparison

2019 2018 Change
Revenue $43,428 $14,770,274 -1.0%
Expenses $14,813,687 $15 +987578.1%
Net Income $-14,770,259 $14,770,259 -2.0%
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

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Governance

Voting Members
7
Independent Members
7
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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKSON ANDREWS DIRECTOR & TREASURER 5.00
Officer Director
$0 $0 $0
AARON THOMPSON DIRECTOR 5.00
Director
$0 $0 $0
WENDY LEA DIRECTOR 5.00
Director
$0 $0 $0
IAN MCCLURE DIRECTOR 5.00
Director
$0 $0 $0
TERRY GILL DIRECTOR 5.00
Director
$0 $0 $0
BRIAN MEFFORD DIRECTOR & PRESIDENT 5.00
Officer Director
$0 $0 $0
VIVEK SARIN DIRECTOR 5.00
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
2020 $43,428 $14,813,687 No data $-14,770,259
2019 $14,770,274 $15 $14,770,259 $14,770,259
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