MYELIN REPAIR FOUNDATION INC (EIN 030485196) - 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

2002

Legal Domicile

Principal Officer

Scott Johnson

Tax Period

2023-07-01 to 2024-06-30

MYELIN REPAIR FOUNDATION INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $266K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $504K exceeded revenue, resulting in a 89% operating deficit.

Mission

Accelerating the development of new therapeutics to prevent or repair damage to myelin caused by Multiple Sclerosis. Myelin Repair Foundation is helping to identify biomarkers of myelin repair for use in myelin repair drug development and clinical trials

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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 $201,187

Program Service Revenue $0

Investment Income $52,232

Other Revenue $12,652

TOTAL REVENUE $266,071

Expense Breakdown

Grants Paid $310,296

Salaries & Benefits $143,278

Fundraising Expenses $13,357

Program Expenses $477,938

Other Expenses $50,130

TOTAL EXPENSES $503,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,071	$552,239	-0.5%
Expenses	$503,704	$463,359	+0.1%
Net Income	$-237,633	$88,880	-3.7%

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

$120,000

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Johnson	CEO	20	Officer Director	$120,000	$0	$120,000
Andy Cates	Director	1	Director	$0	$0	$0
Bobby Mehta	Director	1	Director	$0	$0	$0
Jim Gidwitz	Director	1	Director	$0	$0	$0
Eric Hsu	Director	1	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	No data	No data	No data	No data
2024	$266,071	$503,704	$1,295,871	$-237,633
2023	$552,239	$463,359	$1,550,183	$88,880
2022	$285,427	$538,950	$1,330,627	$-253,523
2021	$530,327	$235,519	$1,468,414	$294,808
2020	$266,648	$554,753	$1,357,117	$-288,105
2019	$294,685	$538,400	$1,552,624	$-243,715
2018	$1,077,554	$589,184	$1,627,215	$488,370

MYELIN REPAIR FOUNDATION INC