Research Development Foundation (EIN 880234325) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

Robert M Wallace

Phone

7138175259

Tax Period

2023-01-01 to 2023-12-31

Research Development Foundation, founded in 1989, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $16.8M exceeded revenue, resulting in a 250% operating deficit.

Mission

To advance medical and scientific research through the transfer of technology from the laboratory to public use by obtaining patents, granting licenses and administering patents arising out of discoveries pursuant to research conducted or sponsored by certain other charitable organizations. As funds are available, grants are made to Clayton Foundation for Research to support additional research.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,516,111

Investment Income $2,283,971

Other Revenue $0

TOTAL REVENUE $4,800,082

Expense Breakdown

Grants Paid $8,600,000

Salaries & Benefits $707,160

Fundraising Expenses $0

Program Expenses $16,498,643

Other Expenses $7,495,350

TOTAL EXPENSES $16,802,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,800,082	$5,465,008	-0.1%
Expenses	$16,802,510	$12,137,887	+0.4%
Net Income	$-12,002,428	$-6,672,879	+0.8%

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

N/A

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

$3,255,720

Total Directors

$3,571,527

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jarred W Sloan	Trustee, Vice President, Treasurer	4.00	Officer Director	$145,897	$97,800	$761,756
Robert M Wallace	Trustee, President	4.00	Officer Director	$180,754	$97,800	$761,256
Lynn P Carter	Trustee	4.00	Director	$74,707	$97,800	$761,256
Joan S Dunlap	Trustee,VP,Assistant Secretary	8.00	Officer Director	$103,872	$88,019	$588,105
Brian W Crozier	Trustee, Chairman	6.00	Officer Director	$74,907	$50,086	$395,592
Thomas J Brorby Deceased	Trustee, Chairman	6.00	Officer Director	$62,084	$16,600	$303,562
Robert L Evans Jr	VP, Assistant Treasurer	0.00	Officer	$0	$81,846	$291,846
John Russell Beekman	Vice President	10.00	Officer	$0	$39,925	$153,603
Christopher MacKenzie	Vice President, Secretary	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$4,800,082	$16,802,510	$47,741,944	$-12,002,428
2022	$5,465,008	$12,137,887	$53,552,306	$-6,672,879
2021	$15,306,815	$11,210,876	$46,239,131	$4,095,939
2020	$11,874,968	$12,772,992	$35,707,827	$-898,024

Research Development Foundation