DAVID H MURDOCK RESEARCH INSTITUTE (EIN 208730759) - 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

2007

Legal Domicile

Principal Officer

CAROL SPALDING

Phone

7042502600

Tax Period

2024-07-01 to 2025-06-30

DAVID H MURDOCK RESEARCH INSTITUTE, founded in 2007, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $35.9M in total revenue in fiscal year 2024. Revenue fell 3016% from the prior year — a significant decline worth monitoring.

Mission

THE INSTITUTE OPERATES TO SUPPORT AND BENEFIT DUKE UNIVERSITY AND THE UNIVERSITY OF NC AT THE NC RESEARCH CAMPUS IN KANNAPOLIS, NC. IT WAS FORMED TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES (PRIMARILY RESEARCH AND DEVELOPMENT) OF THESE SUPPORTED ORGANIZATIONS AT THE CAMPUS. THE INSTITUTE'S PRIMARY ACTIVITIES ARE: A) TO ACQUIRE, OWN AND OPERATE AN APPROXIMATELY 104,927 SQUARE FOOT CORE LABORATORY FACILITY TO PROMOTE RESEARCH AND DEVELOPMENT THAT WILL SUPPORT ADVANCES IN HUMAN NUTRITION, HUMAN HEALTH, AGRICULTURAL CROPS, SYSTEMS AND GROWING PROCESSES AND THE PRODUCTION OF HEALTHFUL FOODS AND OTHER SCIENTIFIC RESEARCH; B) TO ASSIST THE SUPPORTED ORGANIZATIONS; AND C) TO PERFORM SCIENTIFIC RESEARCH (INCLUDING PROCESS DEVELOPMENT RESEARCH) IN SUPPORT OF ONE OR MORE OF THE SUPPORTED ORGANIZATIONS.

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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 $0

Investment Income $-36,226,026

Other Revenue $366,056

TOTAL REVENUE $-35,859,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,232

Fundraising Expenses $0

Program Expenses $677,409

Other Expenses $2,325,656

TOTAL EXPENSES $2,582,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-35,859,970	$1,229,898	-30.2%
Expenses	$2,582,888	$4,258,536	-0.4%
Net Income	$-38,442,858	$-3,028,638	+11.7%

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

Total Directors

$2,220,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY VAN NOORT	DIRECTOR	2.00	Director	$0	$0	$309,000
SURESH BALU MSMBA	PROGRAM DIRECTOR	2.00	Director	$0	$45,544	$297,221
SIMON G GREGORY PHD	DIRECTOR	2.00	Director	$0	$58,650	$363,137
KRISTIN NEWBY MD	DIRECTOR	2.00	Director	$0	$49,534	$451,503
STEVEN A LOMMEL	DIRECTOR	2.00	Director	$0	$0	$247,464
CORY R BROUWER	SECRATARY	2.00	Director	$0	$0	$211,528
DR CAROL SPALDING	CHAIR	2.00	Director	$0	$0	$340,176
CHARLES GRAY	DIRECTOR	2.00	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
2025	$-35,859,970	$2,582,888	$338,347	$-38,442,858
2024	$1,229,898	$4,258,536	$47,113,368	$-3,028,638
2023	$3,181,857	$5,957,850	$49,378,162	$-2,775,993
2022	$1,992,555	$6,058,105	$60,635,217	$-4,065,550
2021	$1,280,674	$1,817,347	$62,840,123	$-536,673
2020	$1,322,889	$4,624,630	$59,121,567	$-3,301,741
2019	$1,828,789	$7,678,588	$60,437,551	$-5,849,799
2018	$9,348,849	$10,314,172	$66,483,589	$-965,323

DAVID H MURDOCK RESEARCH INSTITUTE