THE FOUNDATION FOR AIDS RESEARCH (EIN 133163817) - 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

1983

Legal Domicile

Principal Officer

KEVIN FROST

Phone

2128061600

Tax Period

2023-10-01 to 2024-09-30

THE FOUNDATION FOR AIDS RESEARCH, founded in 1983, is a mid-sized nonprofit in the Medical Research sector that reported $24.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $29.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

AMFAR IS DEDICATED TO ENDING THE GLOBAL AIDS EPIDEMIC THROUGH INNOVATIVE RESEARCH. (SEE SCHEDULE O)

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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 $39,707,167

Program Service Revenue $0

Investment Income $628,771

Other Revenue $-15,490,142

TOTAL REVENUE $24,845,796

Expense Breakdown

Grants Paid $4,204,529

Salaries & Benefits $11,595,593

Fundraising Expenses $6,158,125

Program Expenses $20,617,150

Other Expenses $13,218,711

TOTAL EXPENSES $29,565,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,845,796	$29,082,707	-0.1%
Expenses	$29,565,511	$33,940,246	-0.1%
Net Income	$-4,719,715	$-4,857,539	0.0%

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

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

$1,574,155

Total Directors

Key Employees

$1,193,018

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T RYAN GREENWALT	CO-CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN MCCLATCHY	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT L TRAYNHAM II	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD DYE	TREASURER	1.00	Director	$0	$0	$0
AMY ANDELSON	TRUSTEE	1.00	Director	$0	$0	$0
GLEN ISAACSON	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LORBER	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY MANCILLA	TRUSTEE	1.00	Director	$0	$0	$0
ARON MARQUEZ	TRUSTEE	1.00	Director	$0	$0	$0
LARRY MILSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
CINDY RACHOFSKY	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT A ROBERTI	TRUSTEE	1.00	Director	$0	$0	$0
MERV SILVERMAN	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SCHOENFELD	TRUSTEE	1.00	Director	$0	$0	$0
MARIO STEVENSON	TRUSTEE	1.00	Director	$0	$0	$0
JAY ELLIS	TRUSTEE THRU JUNE 2024	1.00	Director	$0	$0	$0
PHILL WILSON	TRUSTEE THRU MARCH 2024	1.00	Director	$0	$0	$0
KEVIN FROST	CHIEF EXECUTIVE OFFICER	40.00	Officer	$646,627	$125,342	$771,969
BRADLEY JENSEN	ASSISTANT TREASURER/CFO	40.00	Officer	$296,502	$82,342	$378,844
SEBASTIAN GHEITH	GENERAL COUNSEL, ASST SECRETARY	40.00	Officer	$192,039	$93,754	$285,793
RONALD KIRK	ASSISTANT TREASURER, CONTROLLER	40.00	Officer	$121,084	$16,465	$137,549
KYLE CLIFFORD	VICE PRESIDENT OF DEVELOPMENT	40.00	Key Emp	$259,193	$80,355	$339,548
ANNETTE SOHN	VICE PRESIDENT, TREAT ASIA	40.00	Key Emp	$285,584	$29,913	$315,497
GREGORIO MILLET	VICE PRESIDENT, PUBLIC POLICY	40.00	Key Emp	$203,864	$76,338	$280,202
JAMES SHAKLEFORD VICE PRESIDENT	PUBLIC INFORMATION, THRU AUG. 2024	40.00	Key Emp	$227,281	$30,490	$257,771
ANTHONY ANCONA	VICE PRESIDENT OF HUMAN RESOURCES	40.00	Highest	$213,915	$77,150	$291,065
ANDREW MCINNES	DIRECTOR, PUBLICATIONS	40.00	Highest	$192,901	$75,386	$268,287
JOSEPH FERRERA DIRECTOR	PHILANTHROPY, THRU NOV. 2023	40.00	Highest	$155,240	$84,074	$239,314
CHRISTOPHER FREDERICK	SPECIAL EVENTS DIRECTOR	40.00	Highest	$186,606	$39,097	$225,703
BENNAH SERFATY	SENIOR DIRECTOR OF COMMUNICATIONS	40.00	Highest	$149,250	$90,679	$239,929
ROWENA JOHNSTON	FORMER ASST SEC, VP, RESEARCH	40.00		$118,492	$18,835	$137,327

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	$24,845,796	$29,565,511	$53,354,032	$-4,719,715
2023	$29,082,707	$33,940,246	$50,719,163	$-4,857,539
2022	$31,444,145	$28,004,142	$55,186,037	$3,440,003
2021	$23,531,459	$27,671,950	$55,843,595	$-4,140,491
2020	$21,342,510	$28,841,896	$54,739,518	$-7,499,386
2019	$31,341,390	$34,972,204	$64,157,103	$-3,630,814
2018	$32,308,076	$39,036,897	$69,536,136	$-6,728,821

THE FOUNDATION FOR AIDS RESEARCH