HEALTH RESEARCH INC (EIN 141402155) - 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

1953

Legal Domicile

Principal Officer

ELIZABETH WOOD

Phone

5184311200

Tax Period

2024-04-01 to 2025-03-31

HEALTH RESEARCH INC, founded in 1953, is a large national nonprofit in the Medical Research sector that reported $1.1B in total revenue in fiscal year 2024.

Mission

PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION THIS AMOUNT REPRESENTS EMPLOYEE CONTRIBUTIONS OF THEIR BASE COMPENSATION TO AN INDIVIDUAL DEFERRED COMPENSATION PLAN

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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 $1,050,531,846

Program Service Revenue $-20,656

Investment Income $35,659,427

Other Revenue $873,183

TOTAL REVENUE $1,087,043,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,203,898

Fundraising Expenses $0

Program Expenses $1,017,148,115

Other Expenses $816,588,997

TOTAL EXPENSES $1,057,792,895

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,087,043,800	$1,063,879,116	+0.0%
Expenses	$1,057,792,895	$1,143,061,495	-0.1%
Net Income	$29,250,905	$-79,182,379	-1.4%

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

2721

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

$670,418

Total Directors

$3,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RUBY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL B SEXTON ESQ	DIRECTOR	0.20	Director	$0	$0	$0
CANDACE JOHNSON	DIRECTOR	0.20	Director	$0	$0	$0
TIM REYNOLDS CPA	DIRECTOR	0.20	Director	$0	$0	$0
JUSTIN P RUNKE ESQ	DIRECTOR	0.20	Director	$0	$0	$0
MARY APPLEGATE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL NAZARKO	VICE PRESIDENT	2.50	Officer Director	$3,780	$0	$3,780
JAMES V MCDONALD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY BETH HEFNER	DIRECTOR	0.20	Director	$0	$0	$0
CHERYL A MATTOX	EXECUTIVE DIRECTOR (thru 9/2024)	38.00	Officer	$161,522	$50,474	$211,996
TERESA MAKAROWSKY	CORPORATE CONTROLLER	38.00	Officer	$161,894	$56,907	$218,801
ELIZABETH WOOD	EXECUTIVE DIRECTOR (start 8/2024)	38.00	Officer	$172,453	$63,388	$235,841
MARY E REID	CHIEF, CANCER SCREENIN	38.00	Highest	$322,003	$92,420	$414,423
CHARLES J GONZALEZ	MEDICAL DIRECTOR, AI	38.00	Highest	$217,783	$71,976	$289,759
MICHAEL J PRIMEAU	DIR. OFFICE OF HEALTH EMG	38.00	Highest	$210,454	$37,462	$247,916
THERESA HAHN	MEM. CANCER PREV. & CONTRO	38.00	Highest	$211,512	$67,795	$279,307
JULIE GUIDO	EXECUTIVE DIRECTOR, CRS	38.00	Highest	$210,078	$66,013	$276,091

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	$1,087,043,800	$1,057,792,895	$845,122,734	$29,250,905
2024	$1,063,879,116	$1,143,061,495	$900,509,246	$-79,182,379
2023	$995,310,137	$940,966,272	$875,397,133	$54,343,865
2022	$1,331,761,397	$1,290,001,569	$793,349,031	$41,759,828
2021	$1,161,732,655	$1,179,274,604	$806,598,865	$-17,541,949
2020	$1,326,519,936	$820,344,920	$760,960,393	$506,175,016
2019	$771,170,665	$758,692,097	$789,768,002	$12,478,568

HEALTH RESEARCH INC