IMA RESEARCH FOUNDATION INC (EIN 223323222) - 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

1994

Legal Domicile

Principal Officer

MICHAEL DEPRISCO

Phone

2015739000

Tax Period

2024-07-01 to 2025-06-30

IMA RESEARCH FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $400K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $273K, a strong 68% operating margin.

Mission

TO DEVELOP AND DISSEMINATE TIMELY MANAGEMENT ACCOUNTING AND FINANCIAL (CONTINUED IN SCH O) MANAGEMENT RESEARCH FINDINGS THAT CAN BE APPLIED TO CURRENT AND EMERGING BUSINESS ISSUES.

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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 $400,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $400,000

Expense Breakdown

Grants Paid $118,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,850

Other Expenses $8,000

TOTAL EXPENSES $126,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,000	$300,350	+0.3%
Expenses	$126,850	$131,977	0.0%
Net Income	$273,150	$168,373	+0.6%

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

N/A

Volunteers

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

$1,224,133

Total Directors

$820,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DEPRISCO	SECRETARY/TREASURER	0.50	Officer Director	$0	$17,545	$820,692
SUNIL S DESHMUKH CMA CBM	PRESIDENT	1.00	Officer Director	$0	$0	$0
VAIRAM ARUNACHALAM	COMMITTEE CHAIR	4.00	Director	$0	$0	$0
REBECCA BAKER - VP RESEARCH	POLICY/COMMITTEE STAFF LIAISON	1.50	Director	$0	$0	$0
RICHARD T BRADY CMA CGFM	TRUSTEE	1.00	Director	$0	$0	$0
PETER J DOLANCMACFMCSCACPA	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MILLAWAY CPA	CFO	0.50	Officer	$0	$17,212	$403,441

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	$400,000	$126,850	$638,927	$273,150
2024	$300,350	$131,977	$401,000	$168,373
2023	$1,529	$104,895	$186,404	$-103,366
2022	$100,969	$181,678	$289,770	$-80,709
2021	$202,967	$139,561	$370,479	$63,406
2020	$3,198	$49,620	$307,073	$-46,422
2019	$105,969	$54,471	$353,495	$51,498

IMA RESEARCH FOUNDATION INC