UNIVERSITY OF SOMERSET RESEARCH FO… - 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

2019

Legal Domicile

Principal Officer

ALAN KECK

Tax Period

2021-07-01 to 2022-06-30

UNIVERSITY OF SOMERSET RESEARCH FOUNDATION INC, founded in 2019, is a micro nonprofit that reported $77K in total revenue in fiscal year 2021. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $399K exceeded revenue, resulting in a 417% operating deficit.

Mission

THIS NON-PROFIT CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR SUPPORTING THE UNIVERSITY OF SOMERSET AND ITS MISSION, INCLUDING RESEARCH, ECONOMIC AND EDUCATION PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $398,870

SUPPORT OF UNIVERSITY OF SOMERSET

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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 (2021)

Revenue Breakdown

Contributions & Grants $77,177

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $77,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $398,870

Other Expenses $398,870

TOTAL EXPENSES $398,870

Year-over-Year Comparison

	2021	2020	Change
Revenue	$77,177	$44,225	+0.7%
Expenses	$398,870	$268,532	+0.5%
Net Income	$-321,693	$-224,307	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KECK	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
JEFFREY EDWARDS	SECRETARY	2.00	Officer Director	$0	$0	$0
ALAN KECK	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEMETRIOS HASEOTES	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
ALTON BLAKLEY JR	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY WILBURN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GIRDLER	DIRECTOR	2.00	Director	$0	$0	$0
TERESA HAIL	DIRECTOR	2.00	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
2022	$77,177	$398,870	$22,664	$-321,693
2021	$44,225	$268,532	$344,357	$-224,307
2020	$750,800	$182,136	$568,664	$568,664

UNIVERSITY OF SOMERSET RESEARCH FOUNDATION INC