Longwood Research Institute Inc (EIN 042781368) - 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

1982

Legal Domicile

Principal Officer

Kevin B Churchwell MD

Phone

6173556000

Tax Period

2023-10-01 to 2024-09-30

Longwood Research Institute Inc, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $849K, a strong 66% operating margin.

Mission

Expands medical science knowledge through research and holds real estate property.

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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 $1,290,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,290,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,025

Other Expenses $440,556

TOTAL EXPENSES $440,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,290,000	$1,976,400	-0.3%
Expenses	$440,556	$568,321	-0.2%
Net Income	$849,444	$1,408,079	-0.4%

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

N/A

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

$6,332,111

Total Directors

$6,332,111

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Churchwell MD	President & Trustee	1.00	Officer Director	$0	$135,259	$3,197,892
Douglas Vanderslice	Treasurer & Trustee	1.00	Officer Director	$0	$80,122	$1,684,195
Michele Garvin Esq	Clerk & Trustee (END 10/16/23)	0.00	Officer Director	$0	$53,172	$1,254,786
Douglas Berthiaume	Chairman	1.00	Officer Director	$0	$0	$0
Christopher Viney JD	Clerk & Trustee (BEGIN 10/16/23)	1.00	Officer Director	$0	$20,376	$195,238
Sandra Fenwick	Former President & Trustee	0.00		$0	$0	$939,289

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	$1,290,000	$440,556	$82,512,864	$849,444
2023	$1,976,400	$568,321	$81,663,420	$1,408,079
2022	$4,329,200	$461,190	$80,255,341	$3,868,010
2021	$432,500	$528,047	$76,387,331	$-95,547
2020	$437,000	$229,719	$76,482,878	$207,281

Longwood Research Institute Inc