COLORADO STATE UNIVERSITY RESEARCH… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

LYNN JOHNSON

Phone

9704912933

Tax Period

2024-07-01 to 2025-06-30

COLORADO STATE UNIVERSITY RESEARCH FOUNDATION, founded in 1941, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $23.3M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 25% operating margin.

Mission

CSU STRATA WAS ORGANIZED IN 1941 TO AID THE UNIVERSITIES GOVERNED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY SYSTEM (CSUS, INCLUDING COLORADO STATE UNIVERSITY, COLORADO STATE UNIVERSITY PUEBLO, AND CSU GLOBAL) IN THEIR RESEARCH AND EDUCATIONAL EFFORTS. CSU STRATA PROVIDES PROPERTY AND EQUIPMENT LEASING, PATENT AND LICENSING MANAGEMENT, DEBT FINANCING THROUGH MORTGAGE DEBT SERVICE, AND LAND ACQUISITION, DEVELOPMENT AND PROPERTY MANAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $10,666,882 Revenue: $6,953,716

CSU STRATA PROVIDES MANAGEMENT OF VARIOUS COMMERCIAL AND RESIDENTIAL PROPERTIES HELD BY OR FOR THE BENEFIT OF COLORADO STATE UNIVERSITY.

Program 2

Expenses: $2,771,309 Revenue: $3,666,648

TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT.

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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 $11,543,768

Program Service Revenue $153,165

Investment Income $646,851

Other Revenue $10,947,393

TOTAL REVENUE $23,291,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,332,511

Fundraising Expenses $0

Program Expenses $13,438,191

Other Expenses $11,072,749

TOTAL EXPENSES $17,405,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,291,177	$17,932,012	+0.3%
Expenses	$17,405,260	$16,328,233	+0.1%
Net Income	$5,885,917	$1,603,779	+2.7%

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

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

$1,294,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB HOTMAN	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID CONRAD	VICE-CHAIR/ SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN IKARD	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GABEL	TRUSTEE (FROM 10/08/24)	1.00	Director	$0	$0	$0
VICTORIA QUINTANA	TRUSTEE (FROM 10/08/24)	1.00	Director	$0	$0	$0
ARTHUR VALDEZ	TRUSTEE (FROM 10/08/24)	1.00	Director	$0	$0	$0
PAUL HUDNUT	TRUSTEE (THRU 04/01/25)	1.00	Director	$0	$0	$0
DON MAROSTICA	TRUSTEE (THRU 10/08/24)	1.00	Director	$0	$0	$0
AJAY MENON	PRESIDENT/ CHIEF EXECUTIVE OFFICER	40.00	Officer	$530,707	$80,028	$610,735
LYNN JOHNSON	CFO & SECRETARY/TREASURER	40.00	Officer	$239,571	$60,743	$300,314
RICHARD MAGID	VICE PRESIDENT - TECHNOLOGY TRANSFER	40.00	Officer	$212,643	$42,968	$255,611
STEPHEN LAUGHLIN - VP	ADVANCED LASER (THRU 03/15/25)	40.00	Officer	$93,330	$8,458	$101,788
PETER MEYER- VP - REAL	ESTATE SERVICES (FROM 11/18/24)	40.00	Officer	$25,678	$462	$26,140
JOSHUA PETERSON - VP	ADVANCED LASER (FROM 06/16/25)	40.00	Officer	$0	$0	$0
STEVE FOSTER	DIRECTOR - LICENSING	40.00	Highest	$146,954	$38,389	$185,343
JAMES POSS	DIRECTOR - VENTURES CREATIONS	40.00	Highest	$172,458	$52,808	$225,266
DIANA PRIETO	DIRECTOR - HUMAN RESOURCES	40.00	Highest	$153,206	$34,537	$187,743
THOMAS JANKOWSKI	DIRECTOR - TECHNOLOGY	40.00	Highest	$144,885	$20,673	$165,558
GREGGORY ULLMANN	CONTROLLER	40.00	Highest	$126,641	$14,780	$141,421
JULIE BIRDSALL- FORMER CFO	SENIOR MANAGER FINANCE & ACCOUNTING	40.00		$107,764	$27,096	$134,860

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	$23,291,177	$17,405,260	$159,935,912	$5,885,917
2024	$17,932,012	$16,328,233	$70,186,159	$1,603,779
2023	$17,471,761	$16,164,739	$69,355,514	$1,307,022
2022	$15,102,602	$14,424,424	$74,835,294	$678,178
2021	$17,101,425	$15,326,652	$76,363,616	$1,774,773
2020	$14,660,153	$13,560,306	$77,045,972	$1,099,847
2019	$11,559,500	$8,712,137	$66,901,229	$2,847,363

COLORADO STATE UNIVERSITY RESEARCH FOUNDATION