GRIFFISS INSTITUTE INC (EIN 030500249) - 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

HEATHER HAGE

Phone

3158381696

Tax Period

2024-01-01 to 2024-12-31

GRIFFISS INSTITUTE INC, founded in 2002, is a mid-sized nonprofit in the Science & Technology sector that reported $27.9M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

THE GRIFFISS INSTITUTE AIMS TO DEVELOP THE NEXT GENERATION OF STEM TALENT AND DEFENSE TECHNOLOGIES THAT WILL STRENGTHEN U.S. NATIONAL SECURITY AND CREATE ECONOMIC OPPORTUNITY FOR OUR REGION, STATE AND NATION. WE ELEVATE TALENT. WE EMPOWER INNOVATION. WE ENABLE EXPERIENCE.

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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 $27,529,645

Program Service Revenue $319,228

Investment Income $12,530

Other Revenue $30,500

TOTAL REVENUE $27,891,903

Expense Breakdown

Grants Paid $1,220,250

Salaries & Benefits $8,951,008

Fundraising Expenses $0

Program Expenses $25,305,397

Other Expenses $17,815,261

TOTAL EXPENSES $27,986,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,891,903	$34,861,198	-0.2%
Expenses	$27,986,519	$34,924,604	-0.2%
Net Income	$-94,616	$-63,406	+0.5%

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

398

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

$704,905

Total Directors

Key Employees

$360,685

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R GRAY	VICE CHAIR	1.00	Director	$0	$0	$0
STEVEN DIMEO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BASKINGER	CHAIRPERSON	1.00	Director	$0	$0	$0
PETER BAILDON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GREEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM VANSHUFFLIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK GASTIN	TREASURER	1.00	Director	$0	$0	$0
TIM BUTCHER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREL MCADOO	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER HAGE	CURRENT PRESIDENT & CEO	40.00	Officer	$287,608	$37,562	$325,170
SETH MULLIGAN	CHIEF OPERATIONS OFFICER	40.00	Officer	$174,063	$17,039	$191,102
DEAN KORSAK	GENERAL COUNSEL AND CORPORATE SECRETARY	40.00	Officer	$100,763	$9,821	$110,584
DAVID SEMADENI	CHIEF FINANCIAL OFFICER	20.00	Officer	$0	$0	$0
TRACY DIMEO	ASSISTANT SECRETARY AND EXECUTIVE OFFICE MANAGER	40.00	Officer	$71,304	$6,745	$78,049
MICHAEL FENG	SENIOR DIRECTOR OF INNOVATION AND PARTNERSHIPS	40.00	Key Emp	$168,593	$12,759	$181,352
TODD HUMISTON	CHIEF TALENT OFFICER	40.00	Key Emp	$164,526	$14,807	$179,333
BRIAN ABBE	INNOVATION AND PARTNERSHIP SUBJECT MATTER	40.00	Highest	$148,758	$39,933	$188,691
BRIAN MARSHALL	DIRECTOR OF IT	40.00	Highest	$104,496	$35,225	$139,721
MELISSA TALLMAN	CHIEF BRAND OFFICER	40.00	Highest	$128,606	$13,284	$141,890
KATE KOGGE	STEM EDUCATION SPECIALIST	40.00	Highest	$111,387	$10,443	$121,830
SVEA ANDERSON	STEM EDUCATION SPECIALIST	40.00	Highest	$120,607	$21,418	$142,025

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	$27,891,903	$27,986,519	$6,977,527	$-94,616
2023	$34,861,198	$34,924,604	$7,986,473	$-63,406
2022	$16,897,734	$16,716,597	$7,136,257	$181,137
2021	$13,272,090	$13,190,191	$5,351,291	$81,899
2020	$17,191,014	$16,557,888	$4,166,536	$633,126
2019	$12,469,031	$12,119,220	$3,558,458	$349,811
2018	$10,181,489	$9,728,322	$2,216,029	$453,167

GRIFFISS INSTITUTE INC