THE INSTITUTE FOR ETHNOMEDICINE INC DBA BRAIN CHEMISTRY LABS (EIN 201829529) - 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

2004

Legal Domicile

Principal Officer

PAUL ALAN COX PHD

Phone

8013756214

Tax Period

2023-01-01 to 2023-12-31

THE INSTITUTE FOR ETHNOMEDICINE INC DBA BRAIN CHEMISTRY LABS, founded in 2004, is a community nonprofit in the Medical Research sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE INSTITUTE FOR ETHNOMEDICINE SEARCHES FOR NEW CURES BY STUDYING PLANT MEDICINE AND PATTERNS OF WELLNESS AND DISEASE AMONG INDIGENOUS PEOPLE.

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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 $1,916,166

Program Service Revenue $30,402

Investment Income $92,979

Other Revenue $0

TOTAL REVENUE $2,039,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,142,564

Fundraising Expenses $72,046

Program Expenses $2,300,679

Other Expenses $1,594,540

TOTAL EXPENSES $2,737,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,039,547	$1,894,431	+0.1%
Expenses	$2,737,104	$2,811,010	0.0%
Net Income	$-697,557	$-916,579	-0.2%

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

$358,014

Total Directors

$358,014

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL ALAN COX PHD	Executive Dir.	40.00	Officer Director	$293,000	$65,014	$358,014
SANDRA BANACK	SENIOR SCIENTIST	40.00		$197,600	$51,674	$249,274
MARILYN ASAY	EXECUTIVE ASSISTAN	40.00		$121,200	$48,274	$169,474
RACHAEL DUNLOP	SR RESEARCH FELLOW	40.00		$125,238	$39,801	$165,039
STEPHEN BOESCHENSTEIN	Director	4.00	Director	$0	$0	$0
WILLIAM C EGAN III	Board Chair	4.00	Officer Director	$0	$0	$0
GORDON DEANE	Director	4.00	Director	$0	$0	$0
JOSEPH MERRILL	Director	4.00	Director	$0	$0	$0
JAMES GORTER	Director	4.00	Director	$0	$0	$0
PATRICK HENRY	Director	4.00	Director	$0	$0	$0
DOUGLAS M KINNEY	Director	4.00	Director	$0	$0	$0
JOHN WETHERELL	Acting Chair	4.00	Officer Director	$0	$0	$0
MARION CHRISTOPH	Director	4.00	Director	$0	$0	$0
ELIZABETH SUSAN SEVERSON	board chair	4.00	Officer Director	$0	$0	$0
ROBERT PAULSON	Director	4.00	Director	$0	$0	$0
DEREK CRAIGHEAD	Director	4.00	Director	$0	$0	$0
BERTE HIRSCHFIELD	Director	4.00	Director	$0	$0	$0
JOHN SMYTH	Director	4.00	Director	$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
2024	No data	No data	No data	No data
2023	$2,039,547	$2,737,104	$3,492,810	$-697,557
2022	$1,894,431	$2,811,010	$4,266,357	$-916,579
2021	$3,175,275	$3,235,323	$4,594,183	$-60,048
2020	$5,087,161	$2,646,632	$4,691,325	$2,440,529
2019	$3,044,317	$2,661,711	$2,220,186	$382,606
2018	$3,031,714	$2,363,482	$1,811,486	$668,232

THE INSTITUTE FOR ETHNOMEDICINE INC DBA BRAIN CHEMISTRY LABS