ASSOCIATION OF 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

1986

Legal Domicile

Principal Officer

VICKIE PALMER

Phone

5205292524

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATION OF UNIVERSITY RESEARCH PARKS, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

FOSTERING INNOVATION, COMMERCIALIZATION AND ECONOMIC GROWTH IN A GLOBAL ECONOMY THROUGH UNIVERSITY, INDUSTRY AND GOVERNMENT PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $297,972 Revenue: $330,445

ANNUAL CONFERENCE: THIS PROGRAM IS A GENERAL CONFERENCE, A GATHERING OF MEMBERS AND THOSE ASSOCIATED WITH RESEARCH PARKS. ATTENDANCE INCLUDES 250+ INDIVIDUALS PARTICIPATING IN GENERAL PLENARY, AND...

ANNUAL CONFERENCE: THIS PROGRAM IS A GENERAL CONFERENCE, A GATHERING OF MEMBERS AND THOSE ASSOCIATED WITH RESEARCH PARKS. ATTENDANCE INCLUDES 250+ INDIVIDUALS PARTICIPATING IN GENERAL PLENARY, AND CONCURRENT SESSIONS. THERE ARE SPONSOR DISPLAY TABLES FOR SPONSORS IN THIS 2.5 DAY CONFERENCE. THIS PROGRAM ROTATES PRIMARILY THROUGH THE UNITED STATES AND CANADA, AND IS HOSTED BY A RESEARCH PARK MEMBER SELECTED BY THE AURP BOARD OF DIRECTORS.

Program 2

Expenses: $151,830 Revenue: $115,644

SPRING TRAINING: THOUGHT PROVOKING, KNOWLEDGE-BASED DISCUSSION IS ON TAP THROUGHOUT SIX SESSIONS AS EXECUTIVES LEARN NEW STRATEGIES AND TACTICS TO IMPROVE THEIR ORGANIZATION. ATTENDANCE INCLUDES...

SPRING TRAINING: THOUGHT PROVOKING, KNOWLEDGE-BASED DISCUSSION IS ON TAP THROUGHOUT SIX SESSIONS AS EXECUTIVES LEARN NEW STRATEGIES AND TACTICS TO IMPROVE THEIR ORGANIZATION. ATTENDANCE INCLUDES APPROXIMATELY 100 PEOPLE.

Program 3

Expenses: $62,696 Revenue: $41,030

BIOPARKS/BIO HEALTH CAUCUS (BHC):THIS PROGRAM IS DESIGNED FOR THOSE INTERESTED IN LIFESCIENCES AND BIO-BASED PLACEMAKING. THIS 1.5 DAY PROGRAM GATHERS LIKE-MINDED LIFESCIENCE PROFESSIONALS ON...

BIOPARKS/BIO HEALTH CAUCUS (BHC):THIS PROGRAM IS DESIGNED FOR THOSE INTERESTED IN LIFESCIENCES AND BIO-BASED PLACEMAKING. THIS 1.5 DAY PROGRAM GATHERS LIKE-MINDED LIFESCIENCE PROFESSIONALS ON DISCUSSIONS RUNNING DEEP INTO THE DIRECTION AND IMPACT OF THE BIO SCIENCE INDUSTRY, FUNDING OPPORTUNITIES, PLUS RECIPIENTS OF EDA AND NSF COMPETITIONS, AND BIOMANUFACTURING IN SPACE. ATTENDANCE IS APPROXIMATELY 60 PEOPLE AND IS LOCATION IS HELD IN CONJUNCTION WITH THE GLOBAL NETWORK OF THE BIOTECHNOLOGY INNOVATION ORGANIZATION INTERNATIONBAL CONVENTION (BIO).

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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 $594,441

Program Service Revenue $543,819

Investment Income $28,674

Other Revenue $0

TOTAL REVENUE $1,166,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,155

Fundraising Expenses $0

Program Expenses $657,034

Other Expenses $562,939

TOTAL EXPENSES $1,055,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,166,934	$1,068,453	+0.1%
Expenses	$1,055,094	$1,021,353	+0.0%
Net Income	$111,840	$47,100	+1.4%

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

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

$303,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH BURTON	PAST PRESIDENT	3.50	Director	$0	$0	$0
ERIN KOSHUT	PRESIDENT	3.50	Officer Director	$0	$0	$0
ALLISON MADDEN	VICE PRESIDENT	3.50	Officer Director	$0	$0	$0
MARK ROMNEY	TREASURER	3.50	Officer Director	$0	$0	$0
HARRY BRISLIN	SECRETARY	3.50	Director	$0	$0	$0
JEFF SMITH	AT LARGE	3.50	Director	$0	$0	$0
WILL GERMAIN	DIRECTOR	3.50	Director	$0	$0	$0
DWAINE CHAPEL	DIRECTOR	3.50	Director	$0	$0	$0
TRACY SCHICKEL	DIRECTOR	3.50	Director	$0	$0	$0
AARON OLVER	DIRECTOR	3.50	Director	$0	$0	$0
LAURA O'BLENIS	DIRECTOR	3.50	Director	$0	$0	$0
SCOTT LEVITAN	DIRECTOR	3.50	Director	$0	$0	$0
AMY ADAMS	AT LARGE	3.50	Director	$0	$0	$0
SUZET MCKINNEY	DIRECTOR	3.50	Director	$0	$0	$0
KEISHA DEMPS	DIRECTOR	3.50	Director	$0	$0	$0
ADAM ESHELBRENNER	DIRECTOR	3.50	Director	$0	$0	$0
KATE ENGEL	DIRECTOR	3.50	Director	$0	$0	$0
KATE HIER	DIRECTOR	3.50	Director	$0	$0	$0
BRIAN DARMODY	CHIEF STRATEGY OFFICER	40.00	Officer	$129,545	$1,989	$131,534
VICTORIA PALMER	CEO	40.00	Officer	$158,960	$13,380	$172,340

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
2024	$1,166,934	$1,055,094	$1,327,265	$111,840
2023	$1,068,453	$1,021,353	$1,102,621	$47,100
2022	$937,616	$816,009	$1,383,447	$121,607
2021	$1,009,447	$786,889	$911,149	$222,558
2020	$563,826	$536,988	$621,938	$26,838
2019	$859,103	$728,233	$520,529	$130,870
2018	$792,843	$772,160	$550,845	$20,683

ASSOCIATION OF UNIVERSITY RESEARCH PARKS