TEXAS ACADEMY OF MEDICINE ENGINEERING SCIENCE AND TECHNOLOGY

EIN: 201014851 501(c)(3) Medical Research

AUSTIN, TX

Total Revenue
$1,678,457
Total Expenses
$1,701,141
Total Assets
$23,134,428
Net Assets
$22,815,074
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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
2004
Legal Domicile
TX
Principal Officer
TERRENCE HENRY
Phone
5124713823
Tax Period
2024-01-01 to 2024-12-31

TEXAS ACADEMY OF MEDICINE ENGINEERING SCIENCE AND TECHNOLOGY, founded in 2004, is a community nonprofit in the Medical Research sector that reported $1.7M in total revenue in fiscal year 2024. Net assets of $22.8M represent 163 months of operating reserves.

Mission

TAMEST BRINGS THE STATE'S TOP SCIENTIFIC, ACADEMIC AND CORPORATE MINDS TOGETHER TO FURTHER POSITION TEXAS AS A NATIONAL RESEARCH LEADER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $890,450
Program Service Revenue $337,731
Investment Income $450,276
Other Revenue $0
TOTAL REVENUE $1,678,457

Expense Breakdown

Grants Paid $145,200
Salaries & Benefits $852,098
Fundraising Expenses $0
Program Expenses $1,299,672
Other Expenses $703,843
TOTAL EXPENSES $1,701,141

Year-over-Year Comparison

2024 2023 Change
Revenue $1,678,457 $1,641,624 +0.0%
Expenses $1,701,141 $1,407,475 +0.2%
Net Income $-22,684 $234,149 -1.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
8
Volunteers
13

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
7
$204,197
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE BARTEL PHD DIRECTOR 1.00
Director
$0 $0 $0
RENA BIZIOS PHD DIRECTOR 1.00
Director
$0 $0 $0
PALLAB K CHATTERJEE PHD DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN FUSELIER PHD DIRECTOR 1.00
Director
$0 $0 $0
RODERIC PETTIGREW MD PHD DIRECTOR 1.00
Director
$0 $0 $0
KENNETH RAMOS PHD DIRECTOR 1.00
Director
$0 $0 $0
MARLAN O SCULLY PHD DIRECTOR 1.00
Director
$0 $0 $0
GANESH C THAKUR PHD PRESIDENT 1.00
Officer Director
$0 $0 $0
CHERYL LYN WALKER PHD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENDAN LEE MD PHD PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
SELDA GUNSEL TREASURER 1.00
Officer Director
$0 $0 $0
KIM ORTH PHD SECRETARY 1.00
Officer Director
$0 $0 $0
DUOJIA PAN PHD TREASURER-ELECT 1.00
Officer Director
$0 $0 $0
TERRENCE HENRY EXECUTIVE DIRECTOR 40.00
Officer
$184,334 $19,863 $204,197
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 $1,678,457 $1,701,141 $23,134,428 $-22,684
2023 $1,641,624 $1,407,475 $20,445,376 $234,149
2022 $991,981 $1,459,093 $17,859,611 $-467,112
2021 $2,820,502 $1,038,900 $20,994,590 $1,781,602
2020 $1,456,736 $1,259,602 $17,580,372 $197,134
2019 $1,302,967 $1,260,256 $16,445,168 $42,711
2018 $1,195,918 $1,218,463 $14,339,308 $-22,545
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