MASONIC MEDICAL RESEARCH LABORATORY

EIN: 135648611 501(c)(3) Medical Research

UTICA, NY

Total Revenue
$10,134,010
Total Expenses
$11,033,378
Total Assets
$41,674,836
Net Assets
$35,430,559
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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
1947
Legal Domicile
NY
Principal Officer
MARIA KONTARIDIS
Phone
3157352217
Tax Period
2024-01-01 to 2024-12-31

MASONIC MEDICAL RESEARCH LABORATORY, founded in 1947, is a mid-sized nonprofit in the Medical Research sector that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $35.4M represent 42 months of operating reserves.

Mission

MASONIC MEDICAL RESEARCH LABORATORY, DOING BUSINESS AS MASONIC MEDICAL RESEARCH INSTITUTE, IS A NOT-FOR-PROFIT INSTITUTE DEDICATED TO IMPROVING THE HEALTH AND QUALITY OF LIFE FOR ALL. THE INSTITUTE'S PRIMARY MISSION IS TO CONDUCT HIGH QUALITY BASIC AND CLINICAL RESEARCH AIMED AT GENERATING KNOWLEDGE AND INFORMATION NECESSARY FOR DEVELOPMENT OF THE MEDICAL CURES AND TREATMENTS OF TOMORROW. THE INSTITUTE IS ALSO COMMITTED TO PROVIDING EDUCATION AND TRAINING TO BASIC SCIENTISTS, CLINICAL RESEARCHERS AND STUDENTS WHO WILL PERPETUATE AND EXTEND THE FIGHT AGAINST DISEASE.

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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 $7,773,270
Program Service Revenue $0
Investment Income $2,284,036
Other Revenue $76,704
TOTAL REVENUE $10,134,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,178,169
Fundraising Expenses $1,295,815
Program Expenses $7,407,715
Other Expenses $4,855,209
TOTAL EXPENSES $11,033,378

Year-over-Year Comparison

2024 2023 Change
Revenue $10,134,010 $8,083,309 +0.3%
Expenses $11,033,378 $10,416,649 +0.1%
Net Income $-899,368 $-2,333,340 -0.6%
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
15
Independent Members
15
Employees
91
Volunteers
15

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
8
$851,759
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID F SCHNEEWEISS CHAIRMAN 5.00
Officer Director
$0 $0 $0
ROBERT A HEWSON DPM PRESIDENT 5.00
Officer Director
$0 $0 $0
PASQUALE IMBIMBO JR VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JAMES D SWAN JR SECRETARY 5.00
Officer Director
$0 $0 $0
VINCENT CUNZIO CPA TREASURER 5.00
Officer Director
$0 $0 $0
ALVARO F QUIROGA PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
MARK D DONNELEY DIRECTOR 1.00
Director
$0 $0 $0
PETER R GRAY MD PHD FACC DIRECTOR 1.00
Director
$0 $0 $0
PAUL A GUERRERO CMR DIRECTOR 1.00
Director
$0 $0 $0
PAUL HUCK ESQ DIRECTOR 1.00
Director
$0 $0 $0
RICHARD J MILLER JR ESQ DIRECTOR 1.00
Director
$0 $0 $0
PAUL E MOSSBERG DIRECTOR 1.00
Director
$0 $0 $0
VIRGILIO S QUIJANO DIRECTOR 1.00
Director
$0 $0 $0
SHELDON B RICHMAN ESQ DIRECTOR 1.00
Director
$0 $0 $0
FRANK R WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
MARIA KONTARIDIS PHD EXECUTIVE DIRECTOR 40.00
Officer
$576,104 $83,668 $659,772
STEPHEN IZZO MAJOR GIFTS OFFICER 40.00
Officer
$150,613 $41,374 $191,987
JASON MCCARTHY RESEARCH SCIENTIST 40.00
Highest
$182,679 $43,343 $226,022
ZHIQIANG LIN RESEARCH SCIENTIST 40.00
Highest
$144,978 $38,354 $183,332
CHASE KESSINGER RESEARCH SCIENTIST 40.00
Highest
$125,240 $37,241 $162,481
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 $10,134,010 $11,033,378 $41,674,836 $-899,368
2023 $8,083,309 $10,416,649 $43,915,688 $-2,333,340
2022 $4,154,431 $9,376,509 $51,788,536 $-5,222,078
2021 $10,340,059 $9,361,048 $55,347,194 $979,011
2020 $7,024,223 $9,134,205 $51,996,669 $-2,109,982
2019 $7,857,024 $7,844,864 $52,734,374 $12,160
2018 $8,500,355 $5,010,841 $47,340,752 $3,489,514
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