Ut-battelle Development Corporation

Nonprofit profile at a glance

EIN
621867598
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Oak Ridge, TN, USA
Phone
8652418657
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Science and Technology N.E.C.

Reported finances

Revenue
$15,725,089
Expenses
$11,387,028
Assets
$61,212,861
Liabilities
$25,245,047

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MR JIMMY STONE (PRESIDENT)
  • MRS ANN WEAVER (VICE PRESIDENT)

Highest reported compensation

  • MRS ANN WEAVER (VICE PRESIDENT): $416,429 total reported compensation
  • MR ANDREW PETZOLD (CHIEF FINANCIAL OFFICER): $263,143 total reported compensation
  • MR JIMMY STONE (PRESIDENT): $209,210 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Management of scientific facilities

What it reported doing in 2024

A public benefit not-for-profit corporation organized to support the management of ornl in connection with the provision of research facilities.

Operating model

Revenue model
Earned-program. 73% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 65
  • Accountability: 43
  • Sustainability: 80
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.5%; rating input score 70
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.6%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 5.38; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: -3.5% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -3.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 70.5% of revenue deployed · 98.2% of spending went to programs
  • Governance: 3 of 6 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11.2M in reported program spending
  • Leadership: top reported pay $416K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $3.8M reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.