NATIONAL ASSOC FOR BIOMEDICAL RESEARCH (EIN 042688181) - 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

1979

Legal Domicile

Principal Officer

MATTHEW R BAILEY

Phone

2028570654

Tax Period

2023-08-01 to 2024-07-31

NATIONAL ASSOC FOR BIOMEDICAL RESEARCH, founded in 1979, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO REPRESENT MEMBER INSTITUTIONS IN NATIONAL POLICY AFFECTING THE HUMANE AND RESPONSIBLE USE OF LAB ANIMALS IN BIOMEDICAL 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 $1,439,499

Investment Income $540,787

Other Revenue $102,939

TOTAL REVENUE $2,083,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,538

Fundraising Expenses $0

Program Expenses $2,364,521

Other Expenses $2,206,790

TOTAL EXPENSES $2,751,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,083,225	$2,699,507	-0.2%
Expenses	$2,751,328	$1,536,804	+0.8%
Net Income	$-668,103	$1,162,703	-1.6%

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

$182,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE BERGDALL	BOARD MEMBER	0.00	Director	$0	$0	$0
DONNA J CLEMONS	VICE CHAIRMAN	0.00	Director	$0	$0	$0
BRIAN F CORNING	BOARD MEMBER	0.00	Director	$0	$0	$0
MARINA EMBORG MD PHD	BOARD MEMBER	0.00	Director	$0	$0	$0
NANCY HAIGWOOD PHD	BOARD MEMBER	0.00	Director	$0	$0	$0
DONNA MATTHEWS JARRELL	BOARD MEMBER	0.00	Director	$0	$0	$0
KEVIN MCNELLY	BOARD MEMBER	0.00	Director	$0	$0	$0
SANGEETA PANICKER	BOARD MEMBER	0.00	Director	$0	$0	$0
GARY L BORKOWSKI	BOARD MEMBER	0.00	Director	$0	$0	$0
ROSS MCKINNEY	CHAIRMAN	0.00	Director	$0	$0	$0
JOHN BRADFIELD	BOARD MEMBER	0.00	Director	$0	$0	$0
JON C MIRSALISPHD	BOARD MEMBER	0.00	Director	$0	$0	$0
BORIS PREDOVICH	BOARD MEMBER	0.00	Director	$0	$0	$0
ARA TAHMASSIAN PHD	BOARD MEMBER	0.00	Director	$0	$0	$0
STEPHEN HEINIG	BOARD MEMBER	0.00	Director	$0	$0	$0
JOYCE COHEN	BOARD MEMBER	0.00	Director	$0	$0	$0
MATTHEW BAILEY	PRESIDENT	40.00	Officer	$182,761	$0	$182,761

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	$2,083,225	$2,751,328	$20,647,957	$-668,103
2023	$2,699,507	$1,536,804	$19,177,333	$1,162,703
2022	$4,249,537	$1,434,395	$18,091,288	$2,815,142
2021	$3,607,043	$1,242,553	$19,649,026	$2,364,490
2020	$2,444,976	$1,512,582	$16,269,742	$932,394
2019	$2,032,225	$1,552,845	$15,510,381	$479,380
2018	$2,323,402	$1,359,023	$14,802,464	$964,379

NATIONAL ASSOC FOR BIOMEDICAL RESEARCH