FOUNDATION FOR DIABETES RESEARCH (EIN 223664100) - 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

1999

Legal Domicile

Principal Officer

DARRYL NOVAK

Phone

9739941972

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR DIABETES RESEARCH, founded in 1999, is a micro nonprofit in the Diseases & Disorders sector that reported $28K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $275K exceeded revenue, resulting in a 896% operating deficit.

Mission

THE ORGANIZATION RAISES FUNDS TO BE USED FOR MEDICAL RESEARCH TO FIND A CURE FOR TYPE I DIABETES( JUVENILE DIABITIES), AND RAISE PUBLIC AWARENESS FOR THE DISEASE.

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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 $16,385

Program Service Revenue $11,157

Investment Income $54

Other Revenue $0

TOTAL REVENUE $27,596

Expense Breakdown

Grants Paid $255,000

Salaries & Benefits $6,459

Fundraising Expenses $0

Program Expenses $260,484

Other Expenses $13,516

TOTAL EXPENSES $274,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,596	$68,740	-0.6%
Expenses	$274,975	$114,046	+1.4%
Net Income	$-247,379	$-45,306	+4.5%

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

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
Darryl Novak	Treasurer	10.00	Officer	$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	$27,596	$274,975	$59,942	$-247,379
2023	$68,740	$114,046	$307,532	$-45,306
2022	$135,745	$127,490	$353,256	$8,255
2021	$145,973	$129,290	$345,128	$16,683
2020	$175,639	$164,124	$328,416	$11,515

FOUNDATION FOR DIABETES RESEARCH