ARIZONA STATE UNIVERSITY RESEARCH PARK INC

EIN: 860488828 501(c)(3) Education

SCOTTSDALE, AZ

Total Revenue
$14,528,109
Total Expenses
$8,559,664
Total Assets
$85,894,079
Net Assets
$69,103,835
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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
1984
Legal Domicile
AZ
Principal Officer
DR MORGAN OLSEN
Phone
4809050770
Tax Period
2024-07-01 to 2025-06-30

ARIZONA STATE UNIVERSITY RESEARCH PARK INC, founded in 1984, is a mid-sized nonprofit in the Education sector that reported $14.5M in total revenue in fiscal year 2024. The organization ran a surplus of $6.0M, a strong 41% operating margin.

Mission

TO ACQUIRE INTERESTS IN REAL PROPERTY AND SUPPORT RESEARCH ACTIVITIES.

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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 $14,336,490
Investment Income $191,619
Other Revenue $0
TOTAL REVENUE $14,528,109

Expense Breakdown

Grants Paid $150,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,345,596
Other Expenses $8,409,664
TOTAL EXPENSES $8,559,664

Year-over-Year Comparison

2024 2023 Change
Revenue $14,528,109 $14,466,903 +0.0%
Expenses $8,559,664 $8,214,454 +0.0%
Net Income $5,968,445 $6,252,449 0.0%
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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Governance

Voting Members
8
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$1,604,715
Total Directors
9
$2,440,733
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR MORGAN OLSEN PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $62,791 $1,167,038
LISA LOO DIRECTOR 1.00
Director
$0 $41,135 $655,042
DR KYLE SQUIRES DIRECTOR 1.00
Director
$0 $29,347 $618,653
ANJALI HALABE SECRETARY/TREASURER 1.00
Officer
$0 $25,867 $437,677
JOHN LEWIS VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
ROC ARNETT DIRECTOR 1.00
Director
$0 $0 $0
DENNY BARNEY DIRECTOR (UNTIL 10/24) 1.00
Director
$0 $0 $0
ANGELA CREEDON DIRECTOR 1.00
Director
$0 $0 $0
DRENA KUSARI DIRECTOR 1.00
Director
$0 $0 $0
ANN MCCARTNEY DIRECTOR 1.00
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
2025 $14,528,109 $8,559,664 $85,894,079 $5,968,445
2024 $14,466,903 $8,214,454 $79,315,571 $6,252,449
2023 $14,247,808 $7,405,377 $74,364,914 $6,842,431
2022 $12,610,493 $7,315,581 $67,696,624 $5,294,912
2021 $11,391,468 $5,578,534 $59,786,657 $5,812,934
2020 $11,344,049 $5,469,304 $55,257,293 $5,874,745
2019 $10,919,225 $5,374,235 $50,511,891 $5,544,990
2018 $10,478,481 $4,974,447 $45,738,509 $5,504,034
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