DAKOTA STATE UNIVERSITY APPLIED RESEARCH CORPORATION (EIN 884334714) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

ANDREA THOMPSON

Phone

6058001332

Tax Period

2023-10-01 to 2024-09-30

DAKOTA STATE UNIVERSITY APPLIED RESEARCH, founded in 2022, is a small nonprofit in the Science & Technology sector that reported $215K in total revenue in fiscal year 2022.

Mission

CONDUCT APPLIED/PROBLEM-DRIVEN CYBERSECURITY RESEARCH TO SUPPORT CYBERSECURITY NEEDS IN THE U.S.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,000,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,000,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,061

Fundraising Expenses $0

Other Expenses $93,345

TOTAL EXPENSES $1,037,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,000,000	$215,000	+3.7%
Expenses	$1,037,406	$212,932	+3.9%
Net Income	$-37,406	$2,068	-19.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$915,486

Total Directors

$760,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOSE-MARIE GRIFFITHS	INTERIM CEO/VICE CHAIR (NOV 2023)	1.00	Officer Director	$0	$12,466	$347,370
SARA VENHUIZEN	CHAIR	1.00	Officer Director	$0	$0	$0
ANDREA THOMPSON	VICE CHAIR/CEO (NOV 2023)	40.00	Officer Director	$87,692	$0	$87,692
MILES BEACOM	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN LUKKES	BOARD MEMBER	1.00	Director	$0	$32,319	$325,161
STACY KOOISTRA	COO & GENERAL COUNSEL	40.00	Officer	$282,693	$0	$282,693
STACY KRUSEMARK	SECRETARY/TREASURER	1.00	Officer	$0	$16,969	$197,731

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	$1,000,000	$1,037,406	$8,573	$-37,406
2023	$215,000	$212,932	$14,616	$2,068

DAKOTA STATE UNIVERSITY APPLIED RESEARCH CORPORATION