FRIENDS OF THE GARVAN INSTITUTE OF MEDICAL RESEARCH (EIN 205756271) - 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

2006

Legal Domicile

Principal Officer

HOWARD MORGAN

Phone

2125886480

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE GARVAN INSTITUTE OF MEDICAL RESEARCH, founded in 2006, is a small nonprofit in the Medical Research sector that reported $595K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

SUPPORT RESEARCH AT GARVAN INSTITUTE OF MEDICAL RESEARCH

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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 $594,950

Program Service Revenue $0

Investment Income $63

Other Revenue $0

TOTAL REVENUE $595,013

Expense Breakdown

Grants Paid $594,950

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $594,950

Other Expenses $150

TOTAL EXPENSES $595,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,013	$1,529,512	-0.6%
Expenses	$595,100	$1,530,935	-0.6%
Net Income	$-87	$-1,423	-0.9%

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

N/A

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
LEONARD HARLAN	President	1.00	Officer Director	$0	$0	$0
HOWARD MORGAN	Treasurer	1.00	Officer Director	$0	$0	$0
PHILP HANDY	Director	1.00	Director	$0	$0	$0
WILLIAM FERRIS	Director	1.00	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	$595,013	$595,100	$2,069	$-87
2022	$1,529,512	$1,530,935	$3,406	$-1,423
2021	$625,003	$621,400	$3,579	$3,603
2020	$600,001	$597,507	$4,976	$2,494

FRIENDS OF THE GARVAN INSTITUTE OF MEDICAL RESEARCH