SPENDLOVE MEDICAL RESEARCH INSTITU… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

REX SPENDLOVE

Phone

4357500959

Tax Period

2022-01-01 to 2022-12-31

SPENDLOVE MEDICAL RESEARCH INSTITUT REX SPENDLOVE, founded in 2007, is a community nonprofit in the Medical Research sector that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 1907% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 99% operating margin.

Mission

TO CONDUCT MEDICAL RESEARCH DEVOTED TO THE UNDERSTANDING OF THE DISEASES AND FUNCTIONS OF THE HUMAN BODY.

Program Service Accomplishments

Program 1

CREATING PUBLICATIONS ON HOW TO ORGANIZE AND IMPLEMENT HEALTH CARE SYSTEMS AND PROGRAMS IN DEVELOPING COUNTRIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,165,402

Program Service Revenue $0

Investment Income $0

Other Revenue $12,600

TOTAL REVENUE $2,178,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,479

Other Expenses $15,179

TOTAL EXPENSES $15,179

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,178,002	$108,517	+19.1%
Expenses	$15,179	$37,429	-0.6%
Net Income	$2,162,823	$71,088	+29.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REX SPENDLOVE	PRESIDENT	N/A	Director	$0	$0	$0
CHERI MURDOCK	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE SPENDLOVE	SECRETARY	N/A	Director	$0	$0	$0
JOHN DAINES	DIRECTOR	N/A	Director	$0	$0	$0
JACK NIXON	DIRECTOR	N/A	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
2022	$2,178,002	$15,179	$3,110,683	$2,162,823
2021	$108,517	$37,429	$3,174,869	$71,088
2020	$32,415	$31,097	$3,103,780	$1,318
2019	$61,531	$28,510	$3,099,450	$33,021
2018	$130,967	$511,707	$3,066,931	$-380,740

SPENDLOVE MEDICAL RESEARCH INSTITUT REX SPENDLOVE