FOUNDATION FOR BIOMEDICAL RESEARCH

EIN: 042746997 501(c)(3) Medical Research

WASHINGTON, DC

Total Revenue
$1,120,386
Total Expenses
$1,130,086
Total Assets
$19,618,159
Net Assets
$18,456,769
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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
1981
Legal Domicile
DC
Principal Officer
MATTHEW R BAILEY
Phone
2024570654
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR BIOMEDICAL RESEARCH, founded in 1981, is a community nonprofit in the Medical Research sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Net assets of $18.5M represent 198 months of operating reserves.

Mission

CREATES & DISSEMINATES EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC, THE MEDIA, STUDENTS AND THE RESEARCH COMMUNITY THAT DESCRIBES THE ESSENTIAL ROLE HUMANE AND RESPONSIBLE ANIMAL RESEARCH PLAYS IN CONTINUED MEDICAL PROGRESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $644,056
Program Service Revenue $0
Investment Income $427,676
Other Revenue $48,654
TOTAL REVENUE $1,120,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $504,707
Fundraising Expenses $175,329
Program Expenses $755,094
Other Expenses $625,379
TOTAL EXPENSES $1,130,086

Year-over-Year Comparison

2023 2022 Change
Revenue $1,120,386 $3,400,871 -0.7%
Expenses $1,130,086 $896,468 +0.3%
Net Income $-9,700 $2,504,403 -1.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
1
$159,500
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ALLAN CHAIR 2.00
Director
$0 $0 $0
LENORE COONEY BOARD MEMBER 2.00
Director
$0 $0 $0
HENRY FRIEDMAN BOARD MEMBER 2.00
Director
$0 $0 $0
SUE VANDEWOUDE BOARD MEMBER 2.00
Director
$0 $0 $0
ATUL GROVER BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNE KUTZBERG BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN E NIEDERHUBER BOARD MEMBER 2.00
Director
$0 $0 $0
ARTHUR RUBENSTEIN BOARD MEMBER 2.00
Director
$0 $0 $0
CAROL SCHEMAN BOARD MEMBER 2.00
Director
$0 $0 $0
OSWALD STEWARD BOARD MEMBER 2.00
Director
$0 $0 $0
SUZANNA GREER BOARD MEMBER 2.00
Director
$0 $0 $0
MATTHEW BAILEY PRESIDENT 20.00
Officer
$159,500 $0 $159,500
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 No data No data No data No data
2023 $1,120,386 $1,130,086 $19,618,159 $-9,700
2022 $3,400,871 $896,468 $17,068,301 $2,504,403
2021 $1,890,553 $1,099,178 $19,886,643 $791,375
2020 $1,151,174 $1,126,322 $17,664,992 $24,852
2019 $3,176,496 $1,102,927 $16,658,304 $2,073,569
2018 $1,482,175 $967,047 $14,303,004 $515,128
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