RIVERSIDE RESEARCH INSTITUTE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Phone

7039082122

Tax Period

2024-01-01 to 2024-12-31

RIVERSIDE RESEARCH INSTITUTE, founded in 1967, is a major nonprofit in the Medical Research sector that reported $189.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $168.6M left a modest 11% surplus.

Mission

RIVERSIDE RESEARCH INSTITUTE ENGAGES IN AND ADVANCES SCIENTIFIC RESEARCH ON BEHALF OF THE U.S. GOVERNMENT AND IN THE PUBLIC INTEREST.

Program Service Accomplishments

Program 1

Expenses: $161,045,367 Revenue: $182,653,461

THE INSTITUTE ENGAGES IN AND SUPPORTS SCIENTIFIC RESEARCH, ON BEHALF OF THE U.S. GOVERNMENT AND ITS AGENCIES AS WELL AS THE NATIONAL INSTITUTE OF HEALTH, ON VARIOUS CLASSIFIED AND UNCLASSIFIED...

THE INSTITUTE ENGAGES IN AND SUPPORTS SCIENTIFIC RESEARCH, ON BEHALF OF THE U.S. GOVERNMENT AND ITS AGENCIES AS WELL AS THE NATIONAL INSTITUTE OF HEALTH, ON VARIOUS CLASSIFIED AND UNCLASSIFIED PROGRAMS IN A VARIETY OF AREAS INCLUDING RADAR AND CYBER TECHNOLOGY AS WELL AS THE IDENTIFICATION AND TREATMENT OF CERTAIN CANCERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $182,653,461

Investment Income $6,589,704

Other Revenue $15,229

TOTAL REVENUE $189,258,394

Expense Breakdown

Grants Paid $21,090

Salaries & Benefits $129,046,131

Fundraising Expenses $0

Program Expenses $161,045,367

Other Expenses $39,524,307

TOTAL EXPENSES $168,591,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,258,394	$162,656,925	+0.2%
Expenses	$168,591,528	$149,206,822	+0.1%
Net Income	$20,666,866	$13,450,103	+0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

874

Volunteers

N/A

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

$2,081,138

Total Directors

$1,995,901

Key Employees

$2,760,068

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J HARRIS	VICE CHAIRMAN	8.0	Officer Director	$54,000	$0	$54,000
J SHIELDS	CHAIRMAN	8.0	Officer Director	$70,000	$0	$70,000
S R OMICK PHD	PRESIDENT AND CEO	40.0	Officer Director	$1,351,859	$28,042	$1,379,901
A GRASSO	TRUSTEE	5.0	Director	$51,000	$0	$51,000
A ROUSE	TRUSTEE	5.0	Director	$56,000	$0	$56,000
C DOWNES	TRUSTEE	5.0	Director	$54,000	$0	$54,000
G BENNETT PHD	TRUSTEE	5.0	Director	$51,000	$0	$51,000
J GIERING	TRUSTEE	5.0	Director	$45,000	$0	$45,000
L PORTER PHD	TRUSTEE	5.0	Director	$47,000	$0	$47,000
R BROTHERS PHD	TRUSTEE	5.0	Director	$49,000	$0	$49,000
S SHEA	TRUSTEE	5.0	Director	$47,000	$0	$47,000
TC YORK	TRUSTEE	5.0	Director	$47,000	$0	$47,000
W N MCCASLAND PHD	TRUSTEE	5.0	Director	$45,000	$0	$45,000
K POWERS	CFO, TREASURER, & CORP SEC	40.0	Officer	$542,737	$34,500	$577,237
J LUKE	VP BU DIRECTOR	40.0	Key Emp	$221,189	$19,171	$240,360
J PURSEL	VP BU DIRECTOR	40.0	Key Emp	$693,651	$43,259	$736,910
M BAREFOOT	VP BU DIRECTOR	40.0	Key Emp	$470,679	$34,900	$505,579
M D'ANGELO	CHRO	40.0	Key Emp	$425,893	$27,942	$453,835
R DENZ	VP BU DIRECTOR	40.0	Key Emp	$362,345	$27,975	$390,320
T WALTZ	VP BU DIRECTOR	40.0	Key Emp	$405,014	$28,050	$433,064
C INCARDONA	PRINCIPLE STAFF MEMBER	40.0	Highest	$284,870	$16,417	$301,287
F FALCO PHD	DIRECTOR	40.0	Highest	$273,321	$35,908	$309,229
G ISSLER	DIRECTOR	40.0	Highest	$282,376	$14,301	$296,677
J WU	TECHNICAL ADVISOR	40.0	Highest	$285,714	$21,909	$307,623
WD CASEBEER	DIRECTOR	40.0	Highest	$374,206	$11,705	$385,911

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	$189,258,394	$168,591,528	$171,546,881	$20,666,866
2023	$162,656,925	$149,206,822	$142,413,433	$13,450,103
2022	$139,330,200	$133,736,979	$101,699,526	$5,593,221
2021	$127,407,208	$121,302,049	$107,121,507	$6,105,159
2020	$129,369,526	$124,441,561	$100,214,451	$4,927,965
2019	$116,067,743	$108,281,504	$88,030,462	$7,786,239
2018	$97,479,796	$93,236,654	$73,777,103	$4,243,142