CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD MEDICAL SCHOOL (EIN 043326928) - 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

1996

Legal Domicile

Principal Officer

RICHARD SCHWARTZSTEIN MD

Phone

6176670608

Tax Period

2023-10-01 to 2024-09-30

CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD MEDICAL SCHOOL, founded in 1996, is a small nonprofit in the Medical Research sector that reported $589K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $669K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE CARL J. SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD MEDICAL SCHOOL AND BETH ISRAEL DEACONESS MEDICAL CENTER ("SHAPIRO INSTITUTE OR "INSTITUTE") IS TO SUPPORT, PROMOTE, AND DEVELOP INNOVATIVE PROGRAMS AND MODELS FOR THE DUAL ACTIVITIES OF TEACHING AND RESEARCH AT ACADEMIC MEDICAL CENTERS. THE INSTITUTE PROVIDES INTELLECTUAL LEADERSHIP, STATE-OF-THE ART FACILITIES AND STAFF RESOURCES TO SUPPORT THE EDUCATION AND TRAINING OF MEDICAL STUDENTS, RESIDENTS AND FELLOWS. THE INSTITUTE SERVES AS A SUPPORT ORGANIZATION OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE/HARVARD MEDICAL SCHOOL (HMS).

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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 $500

Program Service Revenue $458,321

Investment Income $130,340

Other Revenue $0

TOTAL REVENUE $589,161

Expense Breakdown

Grants Paid $321,655

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $598,981

Other Expenses $347,156

TOTAL EXPENSES $668,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,161	$631,964	-0.1%
Expenses	$668,811	$522,173	+0.3%
Net Income	$-79,650	$109,791	-1.7%

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

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

$4,050,164

Total Directors

$9,739,780

Key Employees

$213,451

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEALY PETER	TTEE (EXOFF) & CO-CHAIR (PRES BIDMC)	1.00	Officer Director	$0	$84,548	$1,683,657
CHAIKOF MD PHD ELLIOT L	TTEE; SURGERY CHF BIDMC/HMFP CHAIR	1.00	Director	$0	$117,162	$1,334,704
SZABO MD PHD HON GYONGYI	TTEE; BIDMC/BILH CHIEF ACADEMIC OFF	1.00	Director	$0	$89,291	$1,104,896
STEVENSON MD PHD MARY ANN	TTEE; RAD ONC CHF BIDMC/CHAIR HMFP	1.00	Director	$0	$76,862	$979,876
ZEIDEL MD MARK L	TTEE; MEDICINE CHF BIDMC/CHAIR HMFP	1.00	Director	$0	$87,340	$979,372
SAFFITZ MD PHD JEFFREY E	TTEE; FRMR PATH CHIEF BIDMC/CHR HMFP	1.00	Director	$0	$75,129	$810,714
RUTKOVE MD SEWARD	TTEE; NEURO CHIEF BIDMC/CHAIR HMFP	1.00	Director	$0	$63,524	$707,472
SCHWARTZSTEIN MD RICHARD M	TTEE & EXEC DIR; VP ED, BIDMC; PHYS	30.00	Officer Director	$16,875	$59,720	$565,760
ROBERTS MD DAVID	TTEE(EXO)&CO-CHAIR (DEAN HARV MED)	1.00	Officer Director	$16,525	$118,633	$1,573,329
BRENNER-GATI MD LEONA	TRUSTEE	1.00	Director	$0	$0	$0
DAGI MD TEO	TRUSTEE	1.00	Director	$0	$0	$0
DESIMONE THOMAS	TTEE (EX-OFF); BIDMC BRD CHAIR	1.00	Director	$0	$0	$0
EDELHEIT PHD LEWIS S	TRUSTEE	1.00	Director	$0	$0	$0
FISH MD GUY L	TRUSTEE	1.00	Director	$0	$0	$0
MACDOWELL VIRGINIA	TRUSTEE	1.00	Director	$0	$0	$0
RABKIN MD MITCHELL T	TTEE (EX-OFF), CO-FNDR & DIST SCHOLR	1.00	Director	$0	$0	$0
WANG DIANA	TREASURER & FINANCIAL ADMINISTRATOR	1.00	Officer	$6,450	$13,806	$119,072
ANASTASIO KELLY	CLERK	1.00	Officer	$1,250	$37,207	$108,346
HUGHES CAROL A	OPERATIONS DIRECTOR	30.00	Key Emp	$40,300	$45,301	$213,451

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	$589,161	$668,811	$5,574,911	$-79,650
2023	$631,964	$522,173	$5,019,537	$109,791
2022	$654,290	$371,454	$4,459,561	$282,836
2021	$558,553	$292,990	$4,641,914	$265,563
2020	$298,980	$308,897	$3,890,734	$-9,917
2019	$974,912	$763,061	$3,916,902	$211,851
2018	$814,338	$615,227	$3,739,369	$199,111

CARL J SHAPIRO INSTITUTE FOR EDUCATION AND RESEARCH AT HARVARD MEDICAL SCHOOL