INSTITUTE FOR APPLIED GERONTOLOGY

EIN: 113135751 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$2,144,274
Total Expenses
$2,381,500
Total Assets
$957,162
Net Assets
$398,871
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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
2018
Legal Domicile
NY
Principal Officer
DAVID WAGNER
Phone
7184917208
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR APPLIED GERONTOLOGY, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE INSTITUTE IS DEDICATED TO PROMOTING ACCESS TO EVIDENCE-BASED, SPECIALIST-LEVEL PALLIATIVE CARE FOR PATIENTS AND FAMILIES COPING WITH SERIOUS OR ADVANCED ILLNESS

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,110,855
Program Service Revenue $29,710
Investment Income $3,709
Other Revenue $0
TOTAL REVENUE $2,144,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,900,197
Fundraising Expenses $85,804
Program Expenses $1,905,228
Other Expenses $481,303
TOTAL EXPENSES $2,381,500

Year-over-Year Comparison

2023 2022 Change
Revenue $2,144,274 $2,197,477 0.0%
Expenses $2,381,500 $2,479,658 0.0%
Net Income $-237,226 $-282,181 -0.2%
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
6
Independent Members
5
Employees
19
Volunteers
5

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
7
$3,073,388
Total Directors
6
$1,485,170
Key Employees
1
$887,306
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Wagner CEO, President 1.0
Officer Director
$0 $138,798 $1,485,170
Russell Portenoy Executive Director 14.5
Key Emp
$0 $107,427 $887,306
David Koschitzki Chief Financial Officer 1.0
Officer
$0 $124,203 $820,536
Christina Van Vort Assistant Secretary 1.0
Officer
$0 $87,581 $767,682
Winifred Schein DRT OF INST GIVING & GRANTS 35.0
Highest
$135,498 $50,934 $186,432
Helena Knotkova DRT OF CLINICAL RESEARCH 35.0
Highest
$142,678 $32,510 $175,188
Myra Glajchen DRT OF EDUCATION & TRAINING 35.0
Highest
$154,251 $15,121 $169,372
Lara Dhingra DRT OF CLINICAL STUDIES 35.0
Highest
$114,243 $45,875 $160,118
Karen Richards DRT OF INSTRUCTIONAL DESIGN 35.0
Highest
$109,472 $27,079 $136,551
Arthur Goshin Chair 0.5
Officer Director
$0 $0 $0
Burton Esrig Vice Chair 0.5
Officer Director
$0 $0 $0
Abraham Brody Secretary 0.5
Officer Director
$0 $0 $0
Steven Topal Treasurer 0.5
Officer Director
$0 $0 $0
Eli Feldman Director 0.5
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 No data No data No data No data
2023 $2,144,274 $2,381,500 $957,162 $-237,226
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