ALBANY RESEARCH INSTITUTE INC (EIN 141716021) - 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

1989

Legal Domicile

Principal Officer

SOPHIA PALLONE

Phone

5186265618

Tax Period

2025-01-01 to 2025-12-31

ALBANY RESEARCH INSTITUTE INC, founded in 1989, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT APPROVED BIOMEDICAL RESEARCH AND DEVELOPMENT ACTIVITIES AT THE SAMUEL S. STRATTON VA MEDICAL CENTER

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,935,835

Program Service Revenue $0

Investment Income $28,994

Other Revenue $0

TOTAL REVENUE $1,964,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,243,389

Fundraising Expenses $0

Program Expenses $1,552,418

Other Expenses $820,163

TOTAL EXPENSES $2,063,552

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,964,829	$2,675,137	-0.3%
Expenses	$2,063,552	$2,378,156	-0.1%
Net Income	$-98,723	$296,981	-1.3%

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

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

$246,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON HIGGINS MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
DARLENE DELANCEY MS	MEMBER	5.00	Director	$0	$0	$0
GENE R PELLERIN DO FACEP MRO	MEMBER	5.00	Director	$0	$0	$0
JONATHAN DORDICK PHD	MEMBER	5.00	Director	$0	$0	$0
PAUL HIGGINS PHD	MEMBER	5.00	Director	$0	$0	$0
TOM MARKERT RPH	TREASURER	5.00	Officer Director	$0	$0	$0
TERRENCE KINDLON	MEMBER	5.00	Director	$0	$0	$0
JIAOJIE QU	DEPUTY DIRECTOR	40.00	Officer	$104,000	$0	$104,000
SOPHIA PALLONE	EXECUTIVE DIRECTOR	40.00	Officer	$142,500	$0	$142,500

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	$1,964,829	$2,063,552	$1,389,494	$-98,723
2024	$2,675,137	$2,378,156	$1,540,447	$296,981
2023	$3,092,014	$2,864,101	$1,215,419	$227,913
2022	$2,371,366	$2,320,368	$972,858	$50,998
2021	$2,997,466	$2,958,724	$1,002,972	$38,742
2020	$1,356,378	$1,244,433	$731,315	$111,945
2019	$331,085	$313,338	$570,089	$17,747
2018	$393,664	$417,821	$560,358	$-24,157

ALBANY RESEARCH INSTITUTE INC