ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OUR PURPOSE IS TO PROVIDE A FLEXIBLE MECHANISM THAT ALLOWS NON-VA FUNDING FOR RESEARCH PROJECTS APPROVED BY THE VA; RESEARCH ACTIVITIES, INCLUDING BASIC AND APPLIED BIOMEDICAL RESEARCH, CLINICAL TRIALS, BEHAVIORAL RESEARCH, NEURAL ENGINEERING, DATA SCIENCE, AND ARTIFICIAL INTELLIGENCE.
GRANTS ARE RECEIVED FROM THE U.S. GOVERNMENT, PRIVATE CORPORATIONS AS WELL AS NEW YORK STATE WHICH ARE THEN DIRECTED TO CONDUCT RESEARCH IN DIVERSE CLINICAL AREAS, INCLUDING, BUT NOT LIMITED TO...
GRANTS ARE RECEIVED FROM THE U.S. GOVERNMENT, PRIVATE CORPORATIONS AS WELL AS NEW YORK STATE WHICH ARE THEN DIRECTED TO CONDUCT RESEARCH IN DIVERSE CLINICAL AREAS, INCLUDING, BUT NOT LIMITED TO SPINAL CORD INJURY, COLOR VISION DEFICIENCY, STROKE, DIABETES, KIDNEY, PARKINSON'S, ALZHEIMER'S AND HEART DISEASE AND GENOMICS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare ALBANY RESEARCH INSTITUTE INC with other nonprofits in New York and across the country.