BUFFALO INSTITUTE FOR MEDICAL RESE… - Form 990 Financial Data

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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

2024-10-01 to 2025-09-30

BUFFALO INSTITUTE FOR MEDICAL RESEARCH INC, founded in 1990, is a small nonprofit in the Medical Research sector that reported $991K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $887K left a modest 10% surplus.

Mission

MEDICAL RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $698,785 Revenue: $974,099

RESEARCH PROGRAMS INVOLVE INVESTIGATIONS, EXPERIMENTS, AND STUDIES TO DISCOVER, DEVELOP, OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, PREVENTION, OR CONTROL OF PHYSICAL DISEASES AND IMPAIRMENTS OF MAN. MUCH OF THE MEDICAL RESEARCH WILL RESULT IN THE DEVELOPMENT OF DIAGNOSTIC TOOLS AND THERAPEUTICS TO BETTER MANAGE HUMAN DISEASES.

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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 $0

Program Service Revenue $895,318

Investment Income $46

Other Revenue $95,864

TOTAL REVENUE $991,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $337,349

Fundraising Expenses $0

Program Expenses $698,785

Other Expenses $549,925

TOTAL EXPENSES $887,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$991,228	$783,395	+0.3%
Expenses	$887,274	$987,565	-0.1%
Net Income	$103,954	$-204,170	-1.5%

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

$1,269,505

Total Directors

$1,990,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD PHARIS	PRESIDENT (CURRENT)	1.00	Officer Director	$0	$50,678	$219,603
ALI EL-SOLH MD ACOSRD	VICE PRESIDENT/SECRETARY/TREASURER	1.00	Officer Director	$0	$94,940	$411,405
DONALD MCDONALDMD	SECRETARY/TREASURER (TO MARCH 2025)	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
SHAWN DE FRIES	PRESIDENT (TO APRIL 2025)	1.00	Officer Director	$0	$50,535	$218,986
HEATHER VOSS	EXECUTIVE DIRECTOR (TO APRIL)	40.00	Officer	$23,459	$0	$23,459
CHRIS JOHNSTON	EXECUTIVE DIRECTOR (CURRENT)	40.00	Officer	$0	$0	$0

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	$991,228	$887,274	$558,454	$103,954
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