BUFFALO INSTITUTE FOR MEDICAL RESEARCH INC (EIN 161385680) - 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

1990

Legal Domicile

Principal Officer

DR ALI EL-SOLH

Phone

7168626528

Tax Period

2023-10-01 to 2024-09-30

BUFFALO INSTITUTE FOR MEDICAL RESEARCH INC, founded in 1990, is a small nonprofit in the Medical Research sector that reported $783K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $988K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO ADVANCE THE RESEARCH MISSION OF THE DEPARTMENT OF VETERAN'S AFFAIRS BY FACILITATING BIOMEDICAL RESEARCH AND RELATED ACTIVITIES.

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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 $0

Program Service Revenue $668,877

Investment Income $25

Other Revenue $114,493

TOTAL REVENUE $783,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,959

Fundraising Expenses $0

Program Expenses $660,133

Other Expenses $580,606

TOTAL EXPENSES $987,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$783,395	$842,004	-0.1%
Expenses	$987,565	$895,855	+0.1%
Net Income	$-204,170	$-53,851	+2.8%

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

$1,104,235

Total Directors

$1,771,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN DE FRIES	PRESIDENT	1.00	Officer Director	$0	$50,535	$218,986
ALI EL-SOLH MD ACOSRD	VICE PRESIDENT	1.00	Officer Director	$0	$94,940	$411,405
DONALD MCDONALDMD	SECRETARY/TREASURER	1.00	Officer Director	$0	$91,397	$396,052
THOMAS KONOPKA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HATEM	DIRECTOR	1.00	Director	$0	$0	$0
SANJAY SETHI MD	DIRECTOR	1.00	Director	$0	$71,493	$309,802
JENNIFER POWELL MD	DIRECTOR	1.00	Director	$0	$100,333	$434,775
HEATHER VOSS	EXECUTIVE DIRECTOR (CURRENT)	40.00	Officer	$0	$0	$0
ALDONA CYTREUS	EXECUTIVE DIRECTOR (TO AUG 2024)	40.00	Officer	$70,720	$7,072	$77,792

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	$783,395	$987,565	$834,443	$-204,170
2023	$842,004	$895,855	$639,812	$-53,851
2022	$922,100	$922,705	$771,265	$-605
2021	$878,680	$825,222	$831,604	$53,458
2020	$742,760	$777,487	$702,338	$-34,727
2019	$616,271	$650,537	$493,591	$-34,266
2018	$659,362	$797,068	$505,291	$-137,706

BUFFALO INSTITUTE FOR MEDICAL RESEARCH INC