MANHATTAN INSTITUTE FOR POLICY RESEARCH INC (EIN 132912529) - 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

1977

Legal Domicile

Principal Officer

REIHAN SALAM

Phone

2125997000

Tax Period

2024-10-01 to 2024-12-31

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC, founded in 1977, is a community nonprofit in the Public & Societal Benefit sector that reported $5.9M in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Net assets of $33.2M represent 67 months of operating reserves.

Mission

SEE PART III, LINE 1

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,714,009

Program Service Revenue $28,540

Investment Income $163,859

Other Revenue $19,517

TOTAL REVENUE $5,925,925

Expense Breakdown

Grants Paid $9,348

Salaries & Benefits $4,126,590

Fundraising Expenses $297,949

Program Expenses $5,215,419

Other Expenses $2,140,282

TOTAL EXPENSES $6,276,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,925,925	$25,502,549	-0.8%
Expenses	$6,276,220	$23,607,140	-0.7%
Net Income	$-350,295	$1,895,409	-1.2%

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

Governance

Voting Members

Independent Members

Employees

131

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

$1,186,058

Total Directors

$835,951

Key Employees

$1,714,058

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REIHAN SALAM	PRESIDENT	40.00	Officer Director	$795,668	$40,283	$835,951
PAUL SINGER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANN J CHARTERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM P BARR	TRUSTEE	0.60	Director	$0	$0	$0
BETSY DEVOS	TRUSTEE	0.60	Director	$0	$0	$0
FLEUR HARLAN	TRUSTEE	0.60	Director	$0	$0	$0
JAY LEFKOWITZ	TRUSTEE	0.60	Director	$0	$0	$0
ROBERT ROSENKRANZ	TRUSTEE	0.60	Director	$0	$0	$0
NATHAN E SAINT-AMAND	TRUSTEE	0.60	Director	$0	$0	$0
KENNETH B GILMAN	TRUSTEE	1.00	Officer Director	$0	$0	$0
ROGER KIMBALL	TRUSTEE	0.60	Director	$0	$0	$0
FRANCIS BLAKE	TRUSTEE	0.60	Director	$0	$0	$0
MICHAEL J FEDAK	TRUSTEE	0.60	Director	$0	$0	$0
MICHAEL A KAUFMAN	TRUSTEE	0.60	Director	$0	$0	$0
JAY H NEWMAN	TRUSTEE	0.60	Director	$0	$0	$0
NICK OHNELL	TRUSTEE	0.60	Director	$0	$0	$0
THOMAS W SMITH	TRUSTEE	0.60	Director	$0	$0	$0
KATHY CROW	TRUSTEE	0.60	Director	$0	$0	$0
HARVEY GOLUB	TRUSTEE	0.60	Director	$0	$0	$0
JOSEPH KRISTOL	TRUSTEE	0.60	Director	$0	$0	$0
JOHN PAULSON	TRUSTEE	0.60	Director	$0	$0	$0
KATHRYN S WYLDE	TRUSTEE	0.60	Director	$0	$0	$0
RAVENEL CURRY	TRUSTEE	0.60	Director	$0	$0	$0
MAURICE R GREENBERG	TRUSTEE	0.60	Director	$0	$0	$0
SUSAN LEBOVITZ-EDELMAN	TRUSTEE	0.60	Director	$0	$0	$0
RUSSELL PENNOYER	TRUSTEE	0.60	Director	$0	$0	$0
WARREN STEPHENS	TRUSTEE	0.60	Director	$0	$0	$0
ANTHONY P COLES	TRUSTEE	0.60	Director	$0	$0	$0
BENJAMIN MCDOWELL BIRNEY	VP, ADMIN / GENERAL COUNSEL	40.00	Officer	$286,074	$27,769	$313,843
ILANA GOLANT	EXECUTIVE VICE PRESIDENT	40.00	Officer	$34,921	$1,343	$36,264
BRIAN CHARLES ANDERSON	EDITOR, CITY JOURNAL	40.00	Key Emp	$341,362	$38,635	$379,997
BRANDON FULLER	VP, RESEARCH & POLICY	40.00	Key Emp	$297,484	$12,102	$309,586
DOUG KRUSE	EXECUTIVE VICE PRESIDENT	40.00	Key Emp	$280,304	$7,696	$288,000
ANDREW LAW	VP, DEVELOPMENT	40.00	Key Emp	$266,237	$38,372	$304,609
MICHELE LEE JACOB	VP, STRATEGY & COMMUNICATIONS	40.00	Key Emp	$213,203	$18,047	$231,250
JESSE ARM	EX DIR, EXT AFFAIRS / CHIEF OF STAFF	40.00	Key Emp	$186,911	$13,705	$200,616
JASON RILEY	SENIOR FELLOW	40.00	Highest	$443,587	$9,087	$452,674
HEATHER MAC DONALD	THOMAS W SMITH FELLOW	40.00	Highest	$298,705	$18,187	$316,892
CHRISTOPHER RUFO	SENIOR FELLOW	40.00	Highest	$290,932	$24,955	$315,887
JESSICA RIEDL	SENIOR FELLOW	40.00	Highest	$274,600	$35,653	$310,253
JUDGE GLOCK	DIRECTOR, RESEARCH, SENIOR FELLOW	40.00	Highest	$250,310	$37,575	$287,885

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	$5,925,925	$6,276,220	$43,431,878	$-350,295
2024	$25,502,549	$23,607,140	$44,258,267	$1,895,409
2023	$26,924,098	$21,583,113	$40,635,970	$5,340,985
2022	$20,278,898	$17,079,202	$25,642,657	$3,199,696
2021	$16,694,868	$15,701,917	$22,398,458	$992,951
2020	$18,531,014	$17,381,125	$19,948,776	$1,149,889
2019	$15,565,468	$20,159,557	$19,118,474	$-4,594,089
2018	$20,277,506	$19,691,658	$23,314,420	$585,848

MANHATTAN INSTITUTE FOR POLICY RESEARCH INC