PROGERIA RESEARCH FOUNDATION INC

EIN: 043460220 501(c)(3) Medical Research

PEABODY, MA

Total Revenue
$3,650,308
Total Expenses
$5,902,368
Total Assets
$48,028,500
Net Assets
$47,400,671
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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
1999
Legal Domicile
MA
Principal Officer
AUDREY GORDON ESQ
Phone
9785352594
Tax Period
2024-01-01 to 2024-12-31

PROGERIA RESEARCH FOUNDATION INC, founded in 1999, is a community nonprofit in the Medical Research sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 62% operating deficit.

Mission

DISCOVER TREATMENTS & CURE FOR PROGERIA & ITS AGING-RELATED DISORDERS, INCLUDING HEART DISEASE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,862,392
Program Service Revenue $0
Investment Income $1,752,842
Other Revenue $35,074
TOTAL REVENUE $3,650,308

Expense Breakdown

Grants Paid $170,155
Salaries & Benefits $1,604,326
Fundraising Expenses $199,174
Program Expenses $4,837,980
Other Expenses $4,127,887
TOTAL EXPENSES $5,902,368

Year-over-Year Comparison

2024 2023 Change
Revenue $3,650,308 $2,231,500 +0.6%
Expenses $5,902,368 $3,929,965 +0.5%
Net Income $-2,252,060 $-1,698,465 +0.3%
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
10
Employees
19
Volunteers
60

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
3
$250,427
Total Directors
11
$0
Key Employees
1
$308,444
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BERNS DIRECTOR 1.00
Director
$0 $0 $0
PAULA KELLY TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
KAREN BALLACK DIRECTOR 1.00
Director
$0 $0 $0
SANDRA BRESNICK DIRECTOR 1.00
Director
$0 $0 $0
KIM PARATORE CLERK/DIRECTOR 1.00
Officer Director
$0 $0 $0
JOHN MAROZZI DIRECTOR 1.00
Director
$0 $0 $0
LARRY MILLS DIRECTOR 1.00
Director
$0 $0 $0
LIZA MORRIS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW WINTERS DIRECTOR 1.00
Director
$0 $0 $0
MARK KIERAN DIRECTOR 1.00
Director
$0 $0 $0
ALAN BROGDON DIRECTOR 1.00
Director
$0 $0 $0
AUDREY GORDON PRESIDENT 40.00
Officer
$230,000 $20,427 $250,427
BARBARA NATKE CHIEF BUSINESS OFFICER 40.00
Key Emp
$307,689 $755 $308,444
MICHELLE FINO DIRECTOR OF DEVELOPMENT 40.00
Highest
$100,253 $0 $100,253
JASON CHRISTIANSEN GENERAL COUNSEL 40.00
Highest
$173,656 $0 $173,656
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 $3,650,308 $5,902,368 $48,028,500 $-2,252,060
2023 $2,231,500 $3,929,965 $48,844,685 $-1,698,465
2022 $1,793,850 $3,126,766 $47,596,733 $-1,332,916
2021 $49,219,762 $3,160,686 $53,690,802 $46,059,076
2020 $2,209,540 $2,619,939 $6,950,071 $-410,399
2019 $5,046,788 $2,646,484 $7,451,058 $2,400,304
2018 $2,884,717 $2,521,519 $5,025,342 $363,198
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