INSTITUTE OF HUMAN BEHAVIOR RESEAR… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

ESTHER COHEN

Phone

5107697100

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE OF HUMAN BEHAVIOR RESEARCH AND EDUCATION, founded in 1971, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 14% surplus.

Mission

THE PHILLIPS ACADEMY'S MISSION IS TO PROVIDE A PERSONALIZED EDUCATIONAL EXPERIENCE FOR STUDENTS WITH DIVERSE AND COMPLEX LEARNING AND EMOTIONAL STYLES, BY ADDRESSING THE NEEDS OF THE WHOLE CHILD. UPON COMPLETION OF OUR PROGRAM, (CONTINUED ON SCHEDULE O)STUDENTS ARE PREPARED TO SUCCESSFULLY TRANSITION TO MORE INDEPENDENT LEARNING ENVIRONMENTS AND TO A VARIETY OF POST-SECONDARY EDUCATIONAL AND VOCATIONAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $3,918,741 Revenue: $5,132,488

THE PHILLIPS ACADEMY (TPA) OFFERS INSTRUCTION THAT IS ALIGNED WITH THE COMMON CORE STANDARDS, USING A BLENDED LEARNING MODEL, TO ALLOW FOR THE GREATEST DEGREE OF PERSONALIZATION AND DIFFERENTIATION OF LEARNING. STUDENTS RECEIVE SPECIALIZED SERVICES INCLUDING SPEECH AND LANGUAGE THERAPY, OCCUPATIONAL THERAPY, AND ASSISTIVE TECHNOLOGY, AS NEEDED. HIGH SCHOOL STUDENTS WORK IN THE COMMUNITY WITH A JOB COACH, ACCESS COMMUNITY COLLEGE CLASSES WITH SUPPORT, AND RECEIVE VOCATIONAL AND TRANSITION SERVICES TO PREPARE THEM FOR POST-SECONDARY LIFE. STUDENTS' SOCIAL-EMOTIONAL DEVELOPMENT IS SUPPORTED BY THE PROVISION OF MENTAL HEALTH SERVICES, COMMUNITY BUILDING ACTIVITIES, RESTORATIVE JUSTICE PRACTICES, (CONTINUED ON SCHEDULE O)AND ENGAGEMENT IN AN EDUCATIONAL PROGRAM THAT FOSTERS THE DEVELOPMENT OF SOCIAL-EMOTIONAL LEARNING. EXECUTIVE FUNCTIONS ARE ADDRESSED IN THE DESIGN AND IMPLEMENTATION OF INSTRUCTION AND IN THE COACHING AND STRATEGIES PROVIDED TO STUDENTS. IN ADDITION, THE SPORTS AND ELECTIVES PROGRAMS PROVIDE STUDENTS WITH PHYSICAL AND ARTISTIC OUTLETS AND DEVELOPMENT.A NUMBER OF MIDDLE SCHOOL AND HIGH STUDENTS MAKE SUFFICIENT GAINS TO RETURN TO A MORE MAINSTREAM EDUCATIONAL SETTING. THOSE WHO GRADUATE FROM TPA COMPLETE EITHER THE DIPLOMA TRACK, WHICH PREPARES THEM FOR FURTHER EDUCATION AT A COMMUNITY COLLEGE OR ENTRY INTO THE WORK FORCE, OR THE VOCATIONAL HIGH SCHOOL TRACK, WHICH CULMINATES IN A CERTIFICATE OF COMPLETION WITH ADDITIONAL DISTRICT SUPPORT UNTIL THE AGE OF 22.

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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 $171,857

Program Service Revenue $5,130,959

Investment Income $10,400

Other Revenue $1,529

TOTAL REVENUE $5,314,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,593,665

Fundraising Expenses $0

Program Expenses $3,918,741

Other Expenses $1,001,492

TOTAL EXPENSES $4,595,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,314,745	$4,232,610	+0.3%
Expenses	$4,595,157	$3,811,440	+0.2%
Net Income	$719,588	$421,170	+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

$161,087

Total Directors

$251,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN CHATMAN	PRINCIPAL	41.20	Director	$110,035	$13,689	$123,724
MARYANN PEARSON	EDUCATION SPECIALIST	41.20	Director	$114,212	$13,204	$127,416
DONN MERRIAM	PRESIDENT	3.50	Officer Director	$0	$0	$0
SABRINA SMITH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TAKA YOKOYAMA	TREASURER	2.50	Officer Director	$0	$0	$0
LIANA GROSSMAN	SECRETARY	1.20	Officer Director	$0	$0	$0
MAR ORTMANN	PARENT REPRESENTATIVE	1.20	Director	$0	$0	$0
ELIZABETH ISONO	TRUSTEE	1.20	Director	$0	$0	$0
ESTHER COHEN	EXECUTIVE DIRECTOR	40.00	Officer	$152,065	$9,022	$161,087
MEILEI WONG	BUSINESS MANAGER	40.00	Highest	$119,503	$0	$119,503

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	$5,314,745	$4,595,157	$3,139,965	$719,588
2024	$4,232,610	$3,811,440	$2,596,690	$421,170
2023	$3,123,430	$3,302,915	$1,616,657	$-179,485
2022	$3,142,980	$3,248,874	$1,802,579	$-105,894
2021	$3,975,200	$3,496,135	$1,944,876	$479,065
2020	$3,628,652	$3,560,809	$1,844,384	$67,843
2019	$3,489,650	$3,302,298	$1,316,316	$187,352
2018	$3,194,975	$3,042,460	$1,174,504	$152,515

INSTITUTE OF HUMAN BEHAVIOR RESEARCH AND EDUCATION