COMMUNITY RESEARCH INITIATIVE OF N… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

JULIE K MARSTON

Phone

6175021744

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY RESEARCH INITIATIVE OF NEW ENGLAND INC, founded in 1989, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $23.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PROMOTE THE RAPID STUDY AND APPROVAL OF NEW THERAPIES FOR HIV; IMPROVE ACCESS TO EXPERIMENTAL TREATMENTS; STUDY NEW WAYS TO KEEP PEOPLE WITH HIV AS HEALTHY AS POSSIBLE; AND TO BRING TOGETHER COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $22,818,523

INFECTIOUS DISEASE DRUG REIMBURSEMENT PROGRAM (IDDAP): THE AGENCY ADMINISTERS THE COMMONWEALTH OF MASSACHUSETTS' INFECTIOUS DISEASE DRUG ASSISTANCE PROGRAM PROVIDING LIFE-SAVING MEDICATIONS...

INFECTIOUS DISEASE DRUG REIMBURSEMENT PROGRAM (IDDAP): THE AGENCY ADMINISTERS THE COMMONWEALTH OF MASSACHUSETTS' INFECTIOUS DISEASE DRUG ASSISTANCE PROGRAM PROVIDING LIFE-SAVING MEDICATIONS, PRESCRIPTION CO-PAYMENTS, AND HEALTH INSURANCE TO ELIGIBLE MASSACHUSETTS RESIDENTS WHO ARE OTHERWISE UNABLE TO OBTAIN THESE LIFESAVING DRUGS OR HEALTH INSURANCE.

Program 2

Expenses: $194,264 Revenue: $220,030

COMMUNITY BASED RESEARCH: THE AGENCY PROVIDES CLINICAL TRIAL PARTICIPANTS WITH THE OPPORTUNITY TO TEST NEW MEDICATIONS AND TREATMENT STRATEGIES WITH THE GOAL OF IDENTIFYING EASIER AND SAFER DRUG...

COMMUNITY BASED RESEARCH: THE AGENCY PROVIDES CLINICAL TRIAL PARTICIPANTS WITH THE OPPORTUNITY TO TEST NEW MEDICATIONS AND TREATMENT STRATEGIES WITH THE GOAL OF IDENTIFYING EASIER AND SAFER DRUG REGIMENS. THESE NEW REGIMENS HELP PATIENTS LIVE MORE PRODUCTIVE, COMFORTABLE AND HEALTHY LIVES.

Program 3

Expenses: $9,210 Revenue: $40,127

EDUCATION: THE AGENCY PROVIDES EDUCATION, SKILL-BUILDING AND CLINICAL MENTORING OPPORTUNITIES FOR HEALTH CARE PROVIDERS TO ADDRESS EFFECTIVE COUNSELING, DIAGNOSIS, TREATMENT AND CARE MANAGEMENT OF...

EDUCATION: THE AGENCY PROVIDES EDUCATION, SKILL-BUILDING AND CLINICAL MENTORING OPPORTUNITIES FOR HEALTH CARE PROVIDERS TO ADDRESS EFFECTIVE COUNSELING, DIAGNOSIS, TREATMENT AND CARE MANAGEMENT OF INDIVIDUALS LIVING WITH HIV/AIDS.

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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 $23,400,381

Program Service Revenue $260,157

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,660,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,672,132

Fundraising Expenses $68,473

Program Expenses $23,021,997

Other Expenses $19,912,759

TOTAL EXPENSES $23,584,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,660,538	$25,539,905	-0.1%
Expenses	$23,584,891	$25,558,296	-0.1%
Net Income	$75,647	$-18,391	-5.1%

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

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

$208,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFREDO HERNANDEZ-CHAVEZ	DIRECTOR	5.00	Director	$0	$0	$0
ANN MARRESE	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN HERWIG	TREASURER	5.00	Officer Director	$0	$0	$0
MARK GIESE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MATTHEW MCGUIRK	DIRECTOR	5.00	Director	$0	$0	$0
PAUL MORENO	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RHODA JOHNSON-TUCKETT	DIRECTOR	5.00	Director	$0	$0	$0
ROGER SANCHEZ	DIRECTOR	5.00	Director	$0	$0	$0
RORY SHEBLE-HALL	CLERK	5.00	Officer Director	$0	$0	$0
JULIE K MARSTON	EXECUTIVE DIRECTOR	40.00	Officer	$190,812	$17,782	$208,594
ANNE S HILLS	SENIOR SOFTWARE DEVELOPER	40.00	Highest	$160,497	$16,330	$176,827
RANDLE K KUTZEN	DEP DIR OF OPS & IDDAP PRG	40.00	Highest	$147,919	$30,540	$178,459

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	$23,660,538	$23,584,891	$4,397,716	$75,647
2024	$25,539,905	$25,558,296	$5,987,080	$-18,391
2023	$25,060,202	$25,033,549	$5,441,120	$26,653
2022	$24,369,797	$24,293,873	$4,426,168	$75,924
2021	$24,168,299	$24,216,035	$5,290,828	$-47,736
2020	$24,245,936	$24,105,305	$4,551,382	$140,631
2019	$22,457,632	$22,401,712	$3,162,053	$55,920
2018	$20,051,387	$19,957,938	$3,136,639	$93,449

COMMUNITY RESEARCH INITIATIVE OF NEW ENGLAND INC