WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH (EIN 061043412) - 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

1981

Legal Domicile

Principal Officer

DR RUTH LEHMANN

Phone

6172585000

Tax Period

2023-07-01 to 2024-06-30

WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH, founded in 1981, is a major nonprofit in the Medical Research sector that reported $164.9M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $145.7M left a modest 12% surplus.

Mission

WHITEHEAD INSTITUTE IS A BIOLOGICAL RESEARCH INSTITUTE DEDICATED TO MAKING PARADIGM SHIFTING INSIGHTS INTO THE FUNDAMENTAL PRINCIPLES OF LIFE.

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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 $36,282,922

Program Service Revenue $771,855

Investment Income $42,729,652

Other Revenue $85,092,186

TOTAL REVENUE $164,876,615

Expense Breakdown

Grants Paid $2,402,028

Salaries & Benefits $39,388,274

Fundraising Expenses $1,661,815

Program Expenses $123,250,153

Other Expenses $103,943,448

TOTAL EXPENSES $145,733,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,876,615	$120,192,597	+0.4%
Expenses	$145,733,750	$122,899,801	+0.2%
Net Income	$19,142,865	$-2,707,204	-8.1%

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

360

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

$2,467,784

Total Directors

$1,057,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RUTH LEHMANN	DIRECTOR/PRESIDENT	40.0	Officer Director	$1,007,583	$50,055	$1,057,638
MR MARTIN MULLINS	VICE PRESIDENT	40.0	Officer	$533,715	$48,017	$581,732
MS SHARON STANCZAK	VICE PRESIDENT & SECRETARY	40.0	Officer	$422,093	$65,577	$487,670
DR RUDOLF JAENISCH	MEMBER (FACULTY)	40.0	Highest	$383,687	$60,452	$444,139
DR ROBERT WEINBERG	MEMBER (FACULTY)	40.0	Highest	$357,083	$60,052	$417,135
DR RICHARD YOUNG	MEMBER (FACULTY)	40.0	Highest	$352,222	$60,052	$412,274
DR MARY GEHRING	MEMBER (FACULTY)	40.0	Highest	$329,293	$66,247	$395,540
DR IAIN CHEESEMAN	MEMBER (FACULTY)	40.0	Highest	$324,315	$65,928	$390,243
MS LAURA SANDER	CFO & TREASURER	40.0	Officer	$193,664	$40,500	$234,164
MS MONICA GERBER	SECRETARY (FORMER)	20.0		$121,089	$23,154	$144,243
MS MONIQUE TAYLOR	ASST SECRETARY	40.0	Officer	$88,485	$18,095	$106,580
MS SUSAN WHITEHEAD	DIRECTOR	2.0	Director	$0	$0	$0
MS BRIT D'ARBELOFF	DIRECTOR	2.0	Director	$0	$0	$0
MR JONATHAN GOLDSTEIN	DIRECTOR	2.0	Director	$0	$0	$0
DR MARK LAPMAN	DIRECTOR	2.0	Director	$0	$0	$0
DR PHILLIP SHARP	DIRECTOR	2.0	Director	$0	$0	$0
MR PETER WHITEHEAD	DIRECTOR	2.0	Director	$0	$0	$0
DR ROBERT SATCHER	DIRECTOR	2.0	Director	$0	$0	$0
DR PAUL JOSKOW	DIRECTOR/BOARD VICE CHAIR	2.0	Officer Director	$0	$0	$0
MR CHURCHILL FRANKLIN	DIRECTOR	2.0	Director	$0	$0	$0
DR SUSAN HOCKFIELD	DIRECTOR	2.0	Director	$0	$0	$0
MS SARAH WILLIAMSON	DIRECTOR/BOARD CHAIR	3.0	Officer Director	$0	$0	$0
DR DENNIS LANGER	DIRECTOR	2.0	Director	$0	$0	$0
MR SETH ALEXANDER	DIRECTOR	2.0	Director	$0	$0	$0
DR KEVIN CHURCHWELL	DIRECTOR	2.0	Director	$0	$0	$0
MR MICHAEL CHAMBERS	DIRECTOR	2.0	Director	$0	$0	$0
MR TERRANCE MCGUIRE	DIRECTOR	2.0	Director	$0	$0	$0
MR RAJA BOBBILI	DIRECTOR	2.0	Director	$0	$0	$0
DR SALLY KORNBLUTH	DIRECTOR	2.0	Director	$0	$0	$0
DR DEBORAH DUNSIRE	DIRECTOR	2.0	Director	$0	$0	$0
MS MICHO SPRING	DIRECTOR	2.0	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
2025	No data	No data	No data	No data
2024	$164,876,615	$145,733,750	$903,412,304	$19,142,865
2023	$120,192,597	$122,899,801	$842,417,084	$-2,707,204
2022	$110,885,074	$110,235,410	$806,821,986	$649,664
2021	$97,603,749	$96,726,988	$896,132,656	$876,761
2020	$72,327,232	$77,087,871	$712,253,042	$-4,760,639
2019	$83,985,006	$72,969,532	$650,160,818	$11,015,474
2018	$70,193,474	$72,071,760	$627,527,372	$-1,878,286

WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH