LANKENAU INSTITUTE FOR MEDICAL RESEARCH (EIN 232175659) - 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

1981

Legal Domicile

Principal Officer

George C Prendergast

Phone

4844762755

Tax Period

2024-07-01 to 2025-06-30

LANKENAU INSTITUTE FOR MEDICAL RESEARCH, founded in 1981, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $17.7M exceeded revenue, resulting in a 77% operating deficit.

Mission

ADVANCE HUMAN HEALTH/WELL BEINg, improve DETECTION/TREATMENT OF DISEASE, TRANSFER NEW TECHNOLOGY TO THE CLINIC & train the next generation of scientists & physicians.

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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 $3,569,014

Program Service Revenue $3,956,088

Investment Income $-515,369

Other Revenue $2,968,486

TOTAL REVENUE $9,978,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,627,887

Fundraising Expenses $35,971

Program Expenses $15,032,946

Other Expenses $8,079,600

TOTAL EXPENSES $17,707,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,978,219	$10,729,900	-0.1%
Expenses	$17,707,487	$19,922,017	-0.1%
Net Income	$-7,729,268	$-9,192,117	-0.2%

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

114

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

$1,108,695

Total Directors

$7,556,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J LYNCH III	EX-OFFICIO TRUSTEE	1.0	Director	$0	$691,538	$3,302,622
KATHLEEN GALBRAITH	EX-OFFICIO TRUSTEE	1.0	Director	$0	$143,159	$1,045,672
PATRICK ROSS JR	EX-OFFICIO TRUSTEE	1.0	Director	$0	$53,304	$993,327
JOSEPH GOBERN	EX-OFFICIO TRUSTEE	1.0	Director	$0	$39,310	$713,784
PAUL COADY	EX-OFFICIO TRUSTEE	1.0	Director	$0	$39,402	$574,455
GEORGE C PRENDERGAST	PRESIDENT & EX-OFFICIO TRUSTEE	40.0	Officer Director	$519,153	$49,788	$568,941
SCOTT DESSAIN	ASSOC. PROF / HAT DIR	40.0	Highest	$229,403	$43,795	$273,198
ELLEN HEBER-KATZ	PROFESSOR	40.0	Highest	$191,650	$31,541	$223,191
MELVIN REICHMAN	SENIOR INVESTIGATOR	40.0	Highest	$176,843	$34,597	$211,440
PETER R KOWEY	TRUSTEE	1.0	Director	$0	$29,440	$204,146
SAMUEL DIIANNI	TREASURER	40.0	Officer	$190,178	$12,255	$202,433
Matthew Finley	VICE PRESIDENT	40.0	Officer	$163,218	$21,763	$184,981
JAMES MULLIN	PROFESSOR	40.0	Highest	$163,122	$11,322	$174,444
SUSAN GILMOUR	PROFESSOR	40.0	Highest	$161,047	$9,314	$170,361
PAUL B GILMAN	TRUSTEE	1.0	Director	$153,950	$0	$153,950
JOHN WELLENBACH	SECRETARY	40.0	Officer	$122,995	$29,345	$152,340
Alfred W Putnam Jr	EX-OFFICIO TRUSTEE	1.0	Director	$0	$0	$0
ALICE D CHASE	TRUSTEE	1.0	Director	$0	$0	$0
ELIZABETH WILKINS	TRUSTEE	1.0	Director	$0	$0	$0
I WISTAR MORRIS	TRUSTEE	1.0	Director	$0	$0	$0
JONATHAN CHARLES FOX	TRUSTEE	1.0	Director	$0	$0	$0
LAWRENCE LIVORNESE	EX-OFFICIO TRUSTEE	1.0	Director	$0	$0	$0
PETER H HAVENS	CHAIRMAN & TRUSTEE	1.0	Officer Director	$0	$0	$0
SARA SENIOR	TRUSTEE	1.0	Director	$0	$0	$0
AMBER SALZMAN	TRUSTEE	1.0	Director	$0	$0	$0
KAREN GOTTING-SMITH	Trustee	1.0	Director	$0	$0	$0
LEILA GORDON	TRUSTEE	1.0	Director	$0	$0	$0
STEVEN HIGGINS	EX-OFFICIO TRUSTEE	1.0	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	$9,978,219	$17,707,487	$13,804,415	$-7,729,268
2024	No data	No data	No data	No data
2023	$12,208,295	$19,218,522	$17,942,853	$-7,010,227
2022	$11,705,452	$18,256,170	$20,445,147	$-6,550,718
2022	$11,705,452	$18,256,170	$20,445,147	$-6,550,718
2021	$9,583,407	$16,522,744	$22,402,224	$-6,939,337
2020	$9,109,367	$17,253,320	$8,021,343	$-8,143,953
2019	$8,608,981	$15,814,624	$5,501,934	$-7,205,643
2018	$9,335,905	$16,297,221	$5,830,076	$-6,961,316

LANKENAU INSTITUTE FOR MEDICAL RESEARCH