THE J DAVID GLADSTONE INSTITUTES (EIN 237203666) - 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

ROBERT OBANA

Phone

4157342000

Tax Period

2023-01-01 to 2023-12-31

THE J DAVID GLADSTONE INSTITUTES, founded in 1972, is a major nonprofit in the Medical Research sector that reported $119.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO DRIVE A NEW ERA OF DISCOVERY IN DISEASE ORIENTED SCIENCE AND TO MENTOR TOMORROW'S LEADERS IN AN INSPIRING AND DIVERSE ENVIRONMENT.

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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 $20,222,638

Program Service Revenue $85,513,618

Investment Income $12,949,622

Other Revenue $522,648

TOTAL REVENUE $119,208,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,914,250

Fundraising Expenses $2,061,343

Program Expenses $107,172,641

Other Expenses $61,754,782

TOTAL EXPENSES $127,669,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,208,526	$144,774,821	-0.2%
Expenses	$127,669,032	$118,956,646	+0.1%
Net Income	$-8,460,506	$25,818,175	-1.3%

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

N/A

Employees

581

Volunteers

126

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

$1,994,177

Total Directors

$1,275,000

Key Employees

$4,167,489

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS J SIMON	TRUSTEE	3.00	Director	$425,000	$0	$425,000
ANDREW S GARB	TRUSTEE	3.00	Director	$425,000	$0	$425,000
WILLIAM PRICE	TRUSTEE	3.00	Director	$425,000	$0	$425,000
DEEPAK SRIVASTAVA	PRESIDENT	40.00	Officer	$1,209,292	$91,079	$1,300,371
ROBERT OBANA	COO	40.00	Officer	$613,776	$80,030	$693,806
WARNER GREENE	DIRECTOR (THRU 12/23)	40.00	Key Emp	$377,315	$80,030	$457,345
LENNART MUCKE	DIRECTOR	40.00	Key Emp	$600,802	$63,851	$664,653
KATHERINE POLLARD	DIRECTOR	40.00	Key Emp	$489,200	$89,333	$578,533
BENOIT BRUNEAU	DIRECTOR	40.00	Key Emp	$506,804	$91,079	$597,883
MELANIE OTT	DIRECTOR	40.00	Key Emp	$534,623	$91,079	$625,702
ALEX MARSON	DIRECTOR	40.00	Key Emp	$530,966	$77,012	$607,978
STEVEN M FINKBEINER	DIRECTOR	40.00	Key Emp	$544,316	$91,079	$635,395
LEOR WEINBERGER	SR. INVESTIGATOR	40.00	Highest	$486,707	$91,079	$577,786
STEPHEN FREEDMAN	VP FOR CORP LIAISON & VENTURES	40.00	Highest	$473,173	$63,851	$537,024
ROBERT WICKS	VP OF PHILANTHROPY	40.00	Highest	$427,001	$56,587	$483,588
JENNIFER CROSBY	VP OF PEOPLE SERVICES	40.00	Highest	$470,611	$74,579	$545,190
MICHELLE SIBLY	VP OF FINANCE	40.00	Highest	$436,597	$49,500	$486,097

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	$119,208,526	$127,669,032	$365,291,245	$-8,460,506
2022	$144,774,821	$118,956,646	$358,330,486	$25,818,175
2021	$143,049,979	$103,017,350	$367,466,101	$40,032,629
2020	$84,274,665	$93,512,759	$318,407,379	$-9,238,094
2019	$62,831,350	$82,269,244	$314,172,354	$-19,437,894
2018	$86,315,298	$83,576,420	$257,431,204	$2,738,878

THE J DAVID GLADSTONE INSTITUTES