Foundation for Cognitive Therapy and Research (EIN 232051226) - 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

1972

Legal Domicile

Principal Officer

Judith S Beck PhD

Phone

6106643020

Tax Period

2024-01-01 to 2024-12-31

Foundation for Cognitive Therapy and Research, founded in 1972, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Beck Institute is a 501(c)3 nonprofit with the mission of improving lives worldwide through excellence and innovation in Cognitive Behavior Therapy and Recovery-Oriented Cognitive Therapy.

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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 $335,192

Program Service Revenue $6,350,168

Investment Income $521,870

Other Revenue $33,368

TOTAL REVENUE $7,240,598

Expense Breakdown

Grants Paid $12,150

Salaries & Benefits $3,905,407

Fundraising Expenses $147,984

Program Expenses $6,552,444

Other Expenses $3,822,625

TOTAL EXPENSES $7,740,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,240,598	$6,304,607	+0.1%
Expenses	$7,740,182	$8,272,432	-0.1%
Net Income	$-499,584	$-1,967,825	-0.7%

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

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

$791,652

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard J Busis Esq	Chair	5.00	Director	$0	$0	$0
Matthew Cohen	Vice Chair	1.00	Director	$0	$0	$0
Judge Phyllis W Beck	Director	1.00	Director	$0	$0	$0
Sarah Busis Md	Director	1.00	Director	$0	$0	$0
Tine Hansen-Turton Mga Jd	Director	1.00	Director	$0	$0	$0
Daniel T Beck Licsw	Director	1.00	Director	$0	$0	$0
Doug Jordan	Director	1.00	Director	$0	$0	$0
Estelle Richman	Director	1.00	Director	$0	$0	$0
David Winigrad	Director	1.00	Director	$0	$0	$0
Melissa Greenberg	Director	1.00	Director	$0	$0	$0
David Pingree	Director	1.00	Director	$0	$0	$0
Alan Weschler	Director (to 12/2024)	1.00	Director	$0	$0	$0
Judith S Beck PhD	President	40.00	Officer	$253,883	$18,998	$272,881
Allen R Miller	Executive Director	40.00	Officer	$171,154	$19,184	$190,338
Kenneth Kaminski	Director of Finance	40.00	Officer	$167,673	$1,675	$169,348
Julie Snow-Reagan	Director of Operations	40.00	Officer	$145,120	$13,965	$159,085
Norman D Cotterell	Psychologist	40.00	Highest	$130,203	$30,525	$160,728
Francine R Broder	Psychologist	40.00	Highest	$124,061	$27,750	$151,811
Sofia Chernoff	Director of CBT Program	40.00	Highest	$122,826	$14,541	$137,367
Paul Grant	CT-R Programs Director	40.00	Highest	$121,349	$15,596	$136,945
Francesca Lewis-Hathaway	Staff Psychologist	40.00	Highest	$105,427	$12,799	$118,226

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	$7,240,598	$7,740,182	$9,280,416	$-499,584
2023	$6,304,607	$8,272,432	$9,490,980	$-1,967,825
2022	$8,516,738	$7,932,090	$10,634,478	$584,648
2021	$6,963,701	$6,992,272	$13,423,917	$-28,571
2020	$6,713,723	$6,145,317	$12,930,949	$568,406
2019	$5,407,621	$5,223,410	$11,829,306	$184,211
2018	$5,248,657	$4,408,237	$10,297,008	$840,420

Foundation for Cognitive Therapy and Research