NARROWS INSTITUTE FOR BIOMEDICAL RESEARCH INC

EIN: 113059470 501(c)(3)

BROOKLYN, NY

Total Revenue
$5,014,425
Total Expenses
$4,758,720
Total Assets
$1,367,991
Net Assets
$730,482
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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
1990
Legal Domicile
NY
Principal Officer
BETHANNE WENZEL PHD MS
Phone
7188366600
Tax Period
2024-10-01 to 2025-09-30

NARROWS INSTITUTE FOR BIOMEDICAL RESEARCH INC, founded in 1990, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 5% surplus.

Mission

THE ORGANIZATION IS A FLEXIBLE FUNDING MECHANISM FOR THE CONDUCT OF VA APPROVED RESEARCH AND EDUCATION PROTOCOLS. ESTABLISHED TO FACILITATE MEDICAL RESEARCH AND EDUCATION FOR THE DEPARTMENT OF VETERANS AFFAIRS NY HARBOR HEALTHCARE SYSTEM, CONDUCTING MORE EFFECTIVELY THE PRIMARY FUNCTIONS OF THE VETERAN HEALTH SERVICE AND RESEARCH ADMINISTRATION.

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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 $0
Program Service Revenue $5,014,411
Investment Income $0
Other Revenue $14
TOTAL REVENUE $5,014,425

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,418,228
Fundraising Expenses $0
Program Expenses $4,050,978
Other Expenses $1,340,492
TOTAL EXPENSES $4,758,720

Year-over-Year Comparison

2024 2023 Change
Revenue $5,014,425 $3,972,390 +0.3%
Expenses $4,758,720 $4,481,438 +0.1%
Net Income $255,705 $-509,048 -1.5%
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
7
Independent Members
1
Employees
41
Volunteers
7

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
$446,136
Total Directors
7
$1,611,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCIS CANNIZZO MD STATUTORY DI 0.50
Director
$0 $0 $342,402
RICHARD HANSON MD STATUTORY DI 0.50
Director
$0 $0 $304,723
SEAGRAM VILLAGOMEZ MD DIRECTOR 0.50
Director
$0 $0 $299,293
JOHN HAY MD BOARD CHAIR 0.50
Officer Director
$0 $0 $297,016
TIMOTHY GRAHAM JD LLM STATUTORY DI 0.50
Director
$0 $0 $230,428
BETHANNE WENZEL PHD MS EXECUTIVE DI 40.00
Officer
$149,120 $0 $149,120
JASON MAIKOS PHD DIRECTOR 0.50
Director
$0 $0 $137,685
BEN CAREF PHD DIRECTOR 0.50
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 $5,014,425 $4,758,720 $1,367,991 $255,705
2024 $3,972,390 $4,481,438 $1,356,298 $-509,048
2023 $3,794,366 $3,719,202 $2,281,786 $75,164
2022 $2,872,861 $3,192,823 $2,377,253 $-319,962
2021 $3,708,493 $3,453,988 $2,253,098 $254,505
2020 $2,739,677 $3,212,830 $2,377,945 $-473,153
2019 $3,454,179 $2,955,474 $2,316,947 $498,705
2018 $2,070,528 $1,897,972 $1,559,056 $172,556
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