FRAXA Research Foundation Inc (EIN 043222167) - 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

1994

Legal Domicile

Principal Officer

Katherine N Clapp

Phone

9784621866

Tax Period

2024-01-01 to 2024-12-31

FRAXA Research Foundation Inc, founded in 1994, is a community nonprofit in the Medical Research sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $860K, a strong 37% operating margin.

Mission

FRAXAs mission is to find effective treatments and ultimately a cure for Fragile X syndrome.

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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 $2,070,470

Program Service Revenue $0

Investment Income $122,583

Other Revenue $100,146

TOTAL REVENUE $2,293,199

Expense Breakdown

Grants Paid $970,350

Salaries & Benefits $391,055

Fundraising Expenses $45,077

Program Expenses $1,308,086

Other Expenses $71,975

TOTAL EXPENSES $1,433,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,293,199	$2,044,969	+0.1%
Expenses	$1,433,380	$1,804,308	-0.2%
Net Income	$859,819	$240,661	+2.6%

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

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

$304,465

Total Directors

$304,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Clapp	President	40.00	Officer Director	$150,381	$6,698	$157,079
Deborah Stevenson	Board Chair	10.00	Officer Director	$0	$0	$0
Michael Tranfaglia	Medical Director/Treasurer/Secretary	40.00	Officer Director	$139,245	$8,141	$147,386
Dean Clark	Director	10.00	Director	$0	$0	$0
Theodore Coutilish	Director	10.00	Director	$0	$0	$0
Leslie Eddy	Director	10.00	Director	$0	$0	$0
Andres Centellas	Director	10.00	Director	$0	$0	$0
Jessica Haugen	Director	10.00	Director	$0	$0	$0
James Vershbow	Director	10.00	Director	$0	$0	$0
Ronald M Watkins Jr	Director	10.00	Director	$0	$0	$0
Sasa Zorovic	Director	10.00	Director	$0	$0	$0

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	$2,293,199	$1,433,380	$4,964,245	$859,819
2023	$2,044,969	$1,804,308	$3,961,307	$240,661
2022	$2,018,041	$1,898,116	$3,531,781	$119,925
2021	$2,070,308	$1,387,708	$3,915,887	$682,600
2020	$1,385,133	$885,883	$3,218,818	$499,250
2019	$1,351,927	$1,289,521	$2,468,935	$62,406
2018	$1,844,655	$1,516,705	$2,422,802	$327,950

FRAXA Research Foundation Inc