FOREIGN POLICY RESEARCH INSTITUTE (EIN 231731998) - 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

1970

Legal Domicile

Principal Officer

AARON STEIN

Phone

2157323774

Tax Period

2023-01-01 to 2023-12-31

FOREIGN POLICY RESEARCH INSTITUTE, founded in 1970, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $3.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

HIGHEST QUALITY SCHOLARSHIP AND NONPARTISAN POLICY ANALYSIS FOCUSED ON U.S. FOREIGN POLICY

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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 $2,182,426

Program Service Revenue $190,055

Investment Income $32,941

Other Revenue $-1,275

TOTAL REVENUE $2,404,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,618,115

Fundraising Expenses $565,857

Program Expenses $2,239,205

Other Expenses $1,396,939

TOTAL EXPENSES $3,015,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,404,147	$2,991,235	-0.2%
Expenses	$3,015,054	$2,677,882	+0.1%
Net Income	$-610,907	$313,353	-2.9%

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

Employees

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

$480,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT L FREEDMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEVON CROSS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
HON DOV S ZAKHEIM	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARSHALL W PAGON	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES H AVERILL	TRUSTEE	2.00	Director	$0	$0	$0
J MICHAEL BARRON	TRUSTEE	2.00	Director	$0	$0	$0
AMB ADRIAN A BASORA	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD T BISHOP	TRUSTEE	2.00	Director	$0	$0	$0
GWEN BOROWSKY	TRUSTEE	2.00	Director	$0	$0	$0
RUTH BRAMSON	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT E CARR	TRUSTEE	2.00	Director	$0	$0	$0
LARRY CEISLER	TRUSTEE	2.00	Director	$0	$0	$0
AHMED CHARAI	TRUSTEE	2.00	Director	$0	$0	$0
BUNTZIE CHURCHILL	TRUSTEE	2.00	Director	$0	$0	$0
WINSTON J CHURCHILL	TRUSTEE	2.00	Director	$0	$0	$0
GERARD CUDDY	TRUSTEE	2.00	Director	$0	$0	$0
PETER DACHOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH FIELD	TRUSTEE	2.00	Director	$0	$0	$0
JAMES H GATELY	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN H GOLDBERG	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HILLEN	TRUSTEE	2.00	Director	$0	$0	$0
JAMES T HITCH III	TRUSTEE	2.00	Director	$0	$0	$0
DAVID HUNT	TRUSTEE	2.00	Director	$0	$0	$0
DONALD R KARDON	TRUSTEE	2.00	Director	$0	$0	$0
MARINA KATS	TRUSTEE	2.00	Director	$0	$0	$0
EILEEN KENNEDY	TRUSTEE	2.00	Director	$0	$0	$0
LAURA LAROSA	TRUSTEE	2.00	Director	$0	$0	$0
MURRAY S LEVIN	TRUSTEE	2.00	Director	$0	$0	$0
ALAN H LUXENBERG	TRUSTEE	2.00	Director	$0	$0	$0
DAVID MARSHALL	TRUSTEE	2.00	Director	$0	$0	$0
JAMES MEYER	TRUSTEE	2.00	Director	$0	$0	$0
RONALD J NAPLES	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD O'CONNOR	TRUSTEE	2.00	Director	$0	$0	$0
JAMES M PAPADA III	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN S PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN W PIASECKI	TRUSTEE	2.00	Director	$0	$0	$0
AMB CHARES A RAY	TRUSTEE	2.00	Director	$0	$0	$0
EILEEN ROSENAU	TRUSTEE	2.00	Director	$0	$0	$0
ADELE K SCHAEFFER	TRUSTEE	2.00	Director	$0	$0	$0
ERIC STERN	TRUSTEE	2.00	Director	$0	$0	$0
HILLARD R TORGERSON	TRUSTEE	2.00	Director	$0	$0	$0
LEE WOOLLEY	TRUSTEE	2.00	Director	$0	$0	$0
CAROL FLYNN	PRESIDENT	35.00	Officer	$262,000	$29,395	$291,395
GEORGE C BURGWIN	DIRECTOR OF FINANCE (ENDED 06/2023)	35.00	Officer	$57,221	$2,861	$60,082
JANICE SALERNO	DIRECTOR OF FINANCE	35.00	Officer	$115,141	$14,259	$129,400
ROBERT KAPLAN	CHAIR OF GEOPOLITICS	35.00	Highest	$155,000	$7,750	$162,750
JIM RYAN	DIRECTOR OF RESEARCH	35.00	Highest	$135,700	$7,112	$142,812

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	$2,404,147	$3,015,054	$3,323,120	$-610,907
2022	$2,991,235	$2,677,882	$2,766,641	$313,353
2021	$3,262,376	$2,343,488	$2,361,438	$918,888
2020	$2,433,018	$2,354,548	$1,497,289	$78,470
2019	$2,407,748	$2,364,354	$1,493,114	$43,394
2018	$2,036,261	$2,479,874	$1,462,433	$-443,613

FOREIGN POLICY RESEARCH INSTITUTE